USD/JPY Discussion | Page 1523 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

USD/JPY

Similar Threads

USD/JPY Discussion 12 replies

NZD/JPY Discussion 12 replies

long eur/jpy, gbp/jpy, usd/jpy 11 replies

EUR/USD Bollinger Band Discussion 3 replies

Suidster's GBP/JPY Discussion 19 replies

Attachments: USD/JPY Discussion
Exit Attachments

USD/JPY Discussion

  • #30,441
  • Feb 25, 2012 2:07pm Feb 25, 2012 2:07pm
Quoting FXMindset
No need hurry
Great comment, the price action is behaving as price action should, ie. trend line breakout, divergence, support & resistance; therefore I see no reason why there will not be a reasonable pullback / correction / profit taking. See my chart, without even using Fib tool, I will bet that the breakout price is near the 50% retracement of swing low to high.

@ Joey, I read an article long time ago about why the term "overbought" didn't apply to Forex the same way it applies to stocks, which is the way some people came into trading, and how they may see the term used.

The best I can find now is the definition from Investopia, so basically yes, from technical / indicator perspective, price is overbought, but fundamentally, in the way that currency is different from stocks, the value may be correct due the fundamentals and not because it will ever pay dividends; sorry, not the best explanation.

And there will be resistance before it ever gets to 100, look what happen last 4 times these candle went green.

Definition of 'Overbought'

1. A situation in which the demand for a certain asset unjustifiably pushes the price of an underlying asset to levels that do not support the fundamentals.

Read more: http://www.investopedia.com/terms/o/...#ixzz1nQR3JwoT

Attached Image (click to enlarge)
Click to Enlarge Name: 0001.jpg Size: 93 KB
It takes a lot for me to IGNORE you, but you can try.
  • #30,442
  • Feb 25, 2012 3:45pm Feb 25, 2012 3:45pm
Quoting Joey Zazza
Looks like we don't have any correction coming and this thing will keep shooting up?

Forexlive and others are showing how a close about the Ichimoku cloud indicates a major long-term reversal pattern
Interesting, the weekly Ichimoku cloud is being tested for the first time in many months and that is where every rally has failed in the past two years... if it is able to close and hold above the weekly Ichimoku I will give this rally all the credit. So far have been long since 76.
  • #30,443
  • Feb 25, 2012 4:11pm Feb 25, 2012 4:11pm
If BOJ wants to mean business then they will take USDJPY to 100 within a month. Enjoy!
  • #30,444
  • Feb 25, 2012 7:31pm Feb 25, 2012 7:31pm
Quoting hornsant
Interesting, the weekly Ichimoku cloud is being tested for the first time in many months and that is where every rally has failed in the past two years... if it is able to close and hold above the weekly Ichimoku I will give this rally all the credit. So far have been long since 76.
http://www.kathylien.com/site/japane...ad-much-higher

They have a different view point :/
  • #30,445
  • Feb 25, 2012 8:04pm Feb 25, 2012 8:04pm
Quoting Joey Zazza
http://www.kathylien.com/site/japane...ad-much-higher

They have a different view point :/
The market will tell in the next few days. I will stay in the trend as long as it does not change, right now it is UP.
  • #30,446
  • Feb 26, 2012 3:58am Feb 26, 2012 3:58am
Hi there
here is another article I came across explaining how/why the yen has been overvalued.

http://www.ifamagazine.com/wp-conten...-rise-Feb1.pdf

Something else suggesting further yen weakness is on the way, although I am surprised at the speed of the drop so far.

Cath
  • #30,447
  • Feb 26, 2012 4:07am Feb 26, 2012 4:07am
I hope I don't offend anyone by posting this idea that is not strictly USD/JPY, but I think a really good trade will be gold in yen terms. I am already long, I entered once it got through and stayed above the BRN of 140, but I think there should still be plenty of upside here as gold increases and the Yen decreases.

cheers
cath
Attached Image (click to enlarge)
Click to Enlarge Name: spectrum xaujpy 26022012.jpg Size: 161 KB
  • #30,448
  • Feb 26, 2012 4:10am Feb 26, 2012 4:10am
Quoting Askandia
If BOJ wants to mean business then they will take USDJPY to 100 within a month. Enjoy!
hahahahah...yes agree with u... market already overbough dollar yen should retrace at one point before ho to the upside again,...watchout ..heheheh
Bismillah
  • #30,449
  • Feb 26, 2012 4:14am Feb 26, 2012 4:14am
Quoting krunfx
hahahahah...yes agree with u... market already overbough dollar yen should retrace at one point before ho to the upside again,...watchout ..heheheh
Yo everybody wats up our legendary huhuhuhu master has come back ~ !
If there was easy money lying around,no one would be forcing it into your
  • #30,450
  • Feb 26, 2012 4:20am Feb 26, 2012 4:20am
Quoting FXMindset
Yo everybody wats up our legendary huhuhuhu master has come back ~ !
hehehhe...im a nub la FXMindset...hahahhaha
Bismillah
  • #30,451
  • Feb 26, 2012 4:24am Feb 26, 2012 4:24am
Quoting krunfx
hehehhe...im a nub la FXMindset...hahahhaha
I know lha
If there was easy money lying around,no one would be forcing it into your
  • #30,452
  • Feb 26, 2012 4:37am Feb 26, 2012 4:37am
Quoting FXMindset
I know lha
hahahahaha.........
Bismillah
  • #30,453
  • Feb 26, 2012 5:23am Feb 26, 2012 5:23am
Quoting krunfx
hahahahaha.........
While Japanese Gov keep watching the FX Moves
There's also one Japanese girl which is Interested with you and she keep watching you during this time because of your "huhuhuhuhu" Maybe you are cute

Love ya

Who knows you are interested also bro
Picture attached
If there was easy money lying around,no one would be forcing it into your
  • #30,454
  • Feb 26, 2012 6:03am Feb 26, 2012 6:03am
Quoting FXMindset
While Japanese Gov keep watching the FX Moves
There's also one Japanese girl which is Interested with you and she keep watching you during this time because of your "huhuhuhuhu" Maybe you are cute

Love ya

Who knows you are interested also bro
Picture attached
hahahahaha,,....... i like the good girl only...hehehe
Bismillah
  • #30,455
  • Feb 26, 2012 10:57am Feb 26, 2012 10:57am
Quoting johncua
http://subir-imagenes.es/images/usdjpy.gif
see if it can get up to 81.300
Attached Image (click to enlarge)
Click to Enlarge Name: uj.jpg Size: 171 KB
Daytrader
  • #30,456
  • Feb 26, 2012 1:46pm Feb 26, 2012 1:46pm
looks like noobs are still holding the JPY bag and adding more! Looking for 112 to 115 on EJ 83ish on UJ unless Noob sentiment changes.
  • #30,457
  • Feb 26, 2012 4:09pm Feb 26, 2012 4:09pm
Quoting sidhujag
looks like noobs are still holding the JPY bag and adding more! Looking for 112 to 115 on EJ 83ish on UJ unless Noob sentiment changes.
Just wait for the pullback
  • #30,458
  • Feb 26, 2012 4:17pm Feb 26, 2012 4:17pm
Just touched 81.50 which was resistance from a few weeks ago, now we're heading down, to be objective, I still think see no sides of a major pullback. (Even though I really think one is way overdue)
  • #30,459
  • Feb 26, 2012 4:26pm Feb 26, 2012 4:26pm
Quoting Joey Zazza
Just touched 81.50 which was resistance from a few weeks ago, now we're heading down, to be objective, I still think see no sides of a major pullback. (Even though I really think one is way overdue)
i see few resistance during this crazy days and nothing happened.
  • #30,460
  • Feb 26, 2012 4:58pm Feb 26, 2012 4:58pm
i have resistance zone from 81.8 to 8.23 seems like it wants to go there
225 traders viewing now