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USD/JPY Discussion

  • #26,841
  • Sep 6, 2011 1:14pm Sep 6, 2011 1:14pm
Welcome to Channel V
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If there was easy money lying around,no one would be forcing it into your
  • #26,842
  • Sep 6, 2011 1:24pm Sep 6, 2011 1:24pm
Quoting USD-Bear
trying a sneaky short @ 77.50

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stopped with -10
Don't be a hero. Don't have an ego. Always question yourself
  • #26,843
  • Sep 6, 2011 1:33pm Sep 6, 2011 1:33pm
Its so bullish....the buyer quite strong now compare to previously...
If there was easy money lying around,no one would be forcing it into your
  • #26,844
  • Sep 6, 2011 2:08pm Sep 6, 2011 2:08pm
I think the CHF intervention not only rose this pair, but awakened people to the fact that Japan might do likewise. The volume isn't there though at the moment and the asian open usually drives this pair down so I'm staying short for now....could be very risky but I'm looking for a correction to around 77.42
  • #26,845
  • Sep 6, 2011 2:44pm Sep 6, 2011 2:44pm
There is big support forming around 77.17
  • #26,846
  • Sep 6, 2011 3:13pm Sep 6, 2011 3:13pm
hey guys

Im really waiting for this pair to make a decision... the way I see it a substantial break and close over 78 gives us another go at the 80.24

whereas a break and close under 75 gives us a shot at 72.50

in the near term i see USD strength abounding with the CHF losing some appeal for safe haven flows due to the drastic albeit desperate SNB moves.

Those moves will be trumped however if Bernanke and the US fed decide to do more substantial QE on the 21st of this month.... till then I think we see the BOJ take advantage of the USD strength and make another go at the 80...

just my .02 guys...
  • #26,847
  • Sep 6, 2011 3:46pm Sep 6, 2011 3:46pm
Support holding at around 77.17. Barring any intervention we should see a drop during the next 5 hr window to at least around the 77.40 range considering the pattern of the last month and presently low buying volume.
  • #26,848
  • Sep 6, 2011 4:04pm Sep 6, 2011 4:04pm
anyone brave going short on USD/JPY ? I would trade that pinbar on S/R however there's risk of BOJ intervention following SNB.
  • #26,849
  • Sep 6, 2011 4:07pm Sep 6, 2011 4:07pm
Quoting mario83
anyone brave going short on USD/JPY ? I would trade that pinbar on S/R however there's risk of BOJ intervention following SNB.
just go for USD/CHF long instead...
  • #26,850
  • Sep 6, 2011 4:55pm Sep 6, 2011 4:55pm
my view on USD JPY
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  • #26,851
  • Sep 6, 2011 5:06pm Sep 6, 2011 5:06pm
Quoting ItchyFinger
just go for USD/CHF long instead...
why long on USD/CHF? I cannot see any entry point and we're on S/R level... i would appreciate if you could explain.


+15pips on USD/JPY taking short after pinbar on S/R h1 chart - it works almost all the time.
  • #26,852
  • Sep 6, 2011 5:38pm Sep 6, 2011 5:38pm
Looks bullish but who knows what the outcome of the BOJ overnight call rate will do.
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  • #26,853
  • Sep 6, 2011 7:27pm Sep 6, 2011 7:27pm
Japan Aug FX Reserves Hit Record $1.219 Trln On Intervention
Doing what you like is Freedom. Liking what you do is Happiness.
  • #26,854
  • Sep 6, 2011 10:53pm Sep 6, 2011 10:53pm
http://www.forexlive.com/blog/2011/0...-usdjpy-falls/

boj will continue monitoring..
  • #26,855
  • Sep 7, 2011 12:33am Sep 7, 2011 12:33am
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looks like we have a good chance of testing the 78 region if price can break the monthly pivot at 77.70.

i personally think more ranging between 77.70 - 77.00 for now.

trade safe.
  • #26,856
  • Sep 7, 2011 12:45am Sep 7, 2011 12:45am
Quoting FXMindset
@Daily,We've only touch "2 poin" of trendlines resistance and probably we might see another 76.xx soon?But this time with tight stop loss @ 76.70
Will watch closely:nerd:
If there was easy money lying around,no one would be forcing it into your
  • #26,857
  • Sep 7, 2011 12:50am Sep 7, 2011 12:50am
Quoting SIgurs
Lot's of people will follow Boj/Mof actions/talk when Japan opens later today. Afraid that it will turn out to be a disappointing event, yet again. Tomorrow could show Usd/Jpy well under 77 again (where it belongs due to huge difference in economic health between the Us and Japan).

Imo, Usd/Jpy will sell of again, as it has done so for the past years !
What a surprise to see that Japan wants to monitor FX action a bit more. Another opportunity wasted. Chf is done being safe haven, leaving Usd and Jpy. Now which one would be in better shape ? lol

Usd/Jpy back in the channel it's has been in for over a month.
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  • #26,858
  • Sep 7, 2011 2:49am Sep 7, 2011 2:49am
morning,
someone trading here or is it just watching?
Don't be a hero. Don't have an ego. Always question yourself
  • #26,859
  • Sep 7, 2011 2:54am Sep 7, 2011 2:54am
also watching this pair closely :-)
The market will deceive you. Make your own judgement.
  • #26,860
  • Sep 7, 2011 3:09am Sep 7, 2011 3:09am
Quoting USD-Bear
morning,
someone trading here or is it just watching?
Nothing for me to trade here today Bear.....
Doing what you like is Freedom. Liking what you do is Happiness.
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