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USD/JPY Discussion

  • #30,721
  • Mar 19, 2012 1:51pm Mar 19, 2012 1:51pm
yen to 77 AGAIN!!!

http://i0.kym-cdn.com/photos/images/...jpg?1296494117
Money can not be a goal, is the result of a job well done.
  • #30,722
  • Mar 19, 2012 2:33pm Mar 19, 2012 2:33pm
Quoting zuntrader
yen to 77 AGAIN!!!

http://i0.kym-cdn.com/photos/images/...jpg?1296494117
That is a true ugly chart sir
  • #30,723
  • Mar 19, 2012 6:23pm Mar 19, 2012 6:23pm
Id so love the YEN to get back to 77,
I think millions of others too.

Fundamentally I think unlikely though. Its just hard to figure out the reasonable support level now. Im thinking somewhere between 80 - 82
  • #30,724
  • Mar 20, 2012 5:59am Mar 20, 2012 5:59am
5) Usd/Jpy - Weekly View - 19-23rd of March - 4 hours Chart in analogy with 20 Pips Range Bars Charts:

http://www.dukascopy.com/imageserver...2/image145.jpg


http://www.dukascopy.com/imageserver...2/image885.jpg


Bullish Probability - The Yen is currently moving in a Parabolic Uptrend. We have to be careful if We want to chase the uptrend, because when it will turn back bearish, it will be a waterfall strong move. If the 83.20 - 83.29 Area (Key confluence between Monthly R1 Pivot, Weekly Main Pivot and 30 SMA) will hold as support then price will move further upside to reach 84.18 - 84.43 Area (Resistence and Weekly R1 Pivot). further resistence could be 85.30-85.41 Area (Key confluence between Monthly R2 Pivot and Weekly R2 Pivot).

Bearish Probability - If the 83.29-83.20 Key Support Area (confluence between Weekly Main Pivot, 30 SMa and Monthly R1 Pivot) will be broken and confirmed, price could fall under 82.82 (confluence between 50 SMA and 61.8% Fibonacci Retracement) to reach first the 82.22-82.40 Key Area (confluence between 50% Fibonacci, Weekly S1 Pivot and Uptrend Line support). Next Support could be 81.97 (Key Level, confluence between 100 SMa and 38.2% Fibonacci Retracement). Further support could be the Key Level that holds the uptrend on the 4 Hours chart, 81.99 (Key confluence between 200 SMA and Weekly S2 Pivot).


Read my Full analysis for the Major Pairs... (check out the link in my profile)

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Doctortyby
  • #30,725
  • Mar 21, 2012 6:34am Mar 21, 2012 6:34am
With all the bears GONE..won't be surprise to see USD/JPY back to 90 level..
  • #30,726
  • Mar 21, 2012 10:52pm Mar 21, 2012 10:52pm
Quoting andri66
With all the bears GONE..won't be surprise to see USD/JPY back to 90 level..
Hey, you may be right. But it sure looks like it's on the verge of dropping.
  • #30,727
  • Mar 21, 2012 11:54pm Mar 21, 2012 11:54pm
Attached Image (click to enlarge)
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  • #30,728
  • Mar 22, 2012 12:00am Mar 22, 2012 12:00am
Quoting errich fx
Attachment

Sort of, but whilst we've seen 5 waves, I think the recent moves have been an A and B forming and the fifth wave finished (obviously) at the top. But I remain doubtful that this is the top, and suspect that this was only a wave 3, with 4 about to get going. Same applies to GJ
  • #30,729
  • Mar 22, 2012 4:02am Mar 22, 2012 4:02am
Just a plain old 5 wave expanding triangle

Attached Image (click to enlarge)
Click to Enlarge Name: uj.jpg Size: 70 KB
  • #30,730
  • Mar 22, 2012 4:07am Mar 22, 2012 4:07am
HI ... some one plz help me ...
I have two open sell of ... usd/jpy ...

i have been holding it for weeks ...

one is at 82.9200, and other at 81.2300 ...
today it rechd till 75 ... wat do u people think ..shall i close the first one .. or should i hold it ... ny hope that it will reach 81 ....

thnx in advance ... plz help ..
  • #30,731
  • Mar 22, 2012 4:15am Mar 22, 2012 4:15am
Quoting fizmhd
HI ... some one plz help me ...
I have two open sell of ... usd/jpy ...

i have been holding it for weeks ...

one is at 82.9200, and other at 81.2300 ...
today it rechd till 75 ... wat do u people think ..shall i close the first one .. or should i hold it ... ny hope that it will reach 81 ....

thnx in advance ... plz help ..
We've hit the bottom of the triangle I just put up. Other than that, I can offer no major advice, other than to say that you will probably get to see 81 again, but I just don't know whether that's tomorrow, next week or next month. If the triangle breaks to the bottom, you're in business. If it breaks to the top, you'll just have to wait.
  • #30,732
  • Mar 22, 2012 4:19am Mar 22, 2012 4:19am
Quoting Mpt
We've hit the bottom of the triangle I just put up. At the very least, it will probably retrace half way back in. Other than that, I can offer no major advice, other than to say that you will probably get to see 81 again, but I just don't know whether that's tomorrow, next week or next month. If the triangle breaks to the bottom, you're in business. If it breaks to the top, you'll just have to wait.
thnx my frend ...

i just closed the 82.92 .. nd i will wait .. i think tht will be a gud idea ...
  • #30,733
  • Mar 22, 2012 4:20am Mar 22, 2012 4:20am
Quoting fizmhd
thnx my frend ...

i just closed the 82.92 .. nd i will wait .. i think tht will be a gud idea ...

Yes. Now wait.
  • #30,734
  • Mar 22, 2012 7:02am Mar 22, 2012 7:02am
Looking for re-entry... One ponders when the right moment might be....
  • #30,735
  • Mar 22, 2012 11:43pm Mar 22, 2012 11:43pm
Daily close below the up trend channel noted and H4 respected this so far.
weekly close + financial year closing will confirm the much awaited correction to 79.5-80
Edit: 80 is 50% retracement of bull run from 76 to 84
Attached Image(s) (click to enlarge)
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  • #30,736
  • Mar 23, 2012 8:27pm Mar 23, 2012 8:27pm
I find this pair intriguing.Trying to figure out next week's trend.The way it closed it seemed it was bearish.
Fundamentally its Japan's interest to keep Yen low.
In trading, you have to be defensive and aggressive at the same time
  • #30,737
  • Mar 23, 2012 9:23pm Mar 23, 2012 9:23pm
Quoting Davit
I find this pair intriguing.Trying to figure out next week's trend.The way it closed it seemed it was bearish.
Fundamentally its Japan's interest to keep Yen low.
There was some fear generated again within the markets, although not over the top. So there were reports that the Yen was treated again for its safe haven status.
I dont imagine the Yen will strengthen too much, I have support around the 80 mark.
  • #30,738
  • Mar 24, 2012 9:51am Mar 24, 2012 9:51am
Quoting Zac
There was some fear generated again within the markets, although not over the top. So there were reports that the Yen was treated again for its safe haven status.
I dont imagine the Yen will strengthen too much, I have support around the 80 mark.
how did you get this 80 mark as support?
  • #30,739
  • Mar 24, 2012 1:21pm Mar 24, 2012 1:21pm
Quoting Mpt
Just a plain old 5 wave expanding triangle

Attachment
Hi MPT I was watchong your chart. Do you mean this? There is 2 more posibilities. But Whatever the count be we will see 84 and that means GJ again 133.
Attached Image(s) (click to enlarge)
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Stocktwit: LuisCarlos - twitter: @lcparodi
  • #30,740
  • Mar 25, 2012 2:36am Mar 25, 2012 2:36am
Quoting trexy123
how did you get this 80 mark as support?
Im not much of a Technical Analyst but 80 80.5 looks like a support level and fundamentally I think its unlikely to get below that.
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