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USD/JPY Discussion 6 replies

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USD/JPY Discussion

Quoting Haqu
No idea how it will come, but even if it will come as/or better than consensus, it is very, very bad data, so shouldn't be that much positive on yen. 9 day from BOJ meeting quater end in Japan, this should be more important and deciding.
Thanks haqu it's going to be tough from here I think with all the resistance on the way up
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good morning

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forexindicatorbest
Trade Balance much worst than expected, strong yen is realy not healthy for Japs :> Let's see how London and NY will react to that!

Faster reaction than i expected, testing 79.65!
this is strange every one know that Yen shold go down but i do not understand why is different.
Quoting europol
this is strange every one know that Yen shold go down but i do not understand why is different.
It is going down against its cross pairs people are buying the USD for example because japan has much uncertainty right now.(possible intervention, strengthening yen destroying their economy and soon on) that is why USD is going up against yen. People are shorting the yen and investing or longing the USD which creates the movement up that you are seeing
Quoting Haqu
Trade Balance much worst than expected, strong yen is realy not healthy for Japs :> Let's see how London and NY will react to that!

Faster reaction than i expected, testing 79.65!
You got what you wish for
hello
I think the USD / JPY to 79.58 support line appears. Then the price goes up 80.20.
http://www.8pic.ir/images/c1xbfrukrgz6rlvafoxc.gif
Quoting smikester
I thought it looked like a falling wedge:

Attachment 1058320

With SPX looking bullish for the moment, I'd be looking for this to break upwards with a lot of momentum. Difficult to trade on the daily, as it may or may not retest the trend line if it breaks. But handy for the lower time scale.
Broke quite nicely. I'd like to see a retest of 79.65 where I might add to my longs if I see the right price action.
Gone to a better place
80.60 will be major resistance. If we can get by that, free sailing to 85.50
Quoting falcon232
80.60 will be major resistance. If we can get by that, free sailing to 85.50
Is anything ever plain sailing with dollar yen!

I would say there will be a decent pullback at 80.60.

Hopefully the Japanese do a good job at the monetary meeting coming up.
Quoting brinks
Is anything ever plain sailing with dollar yen!

I would say there will be a decent pullback at 80.60.

Hopefully the Japanese do a good job at the monetary meeting coming up.
It will be several days just like today...after the bounce down from 80.60, which could go as low as 79.50. I'm going to wait to add to my longs
we just hit 80! woahhhhh
Quoting OrionsWay
U/J is in last phases of distribution IMO, there will be a very large accumulation coming, when who knows who cares really. It will be a long term investment me thinks buy lo and hold trade something else if you need to make daily pips
its a slow grind
"Millionaires don't use astrology, billionaires do"
Quoting OrionsWay
its a slow grind
Orionsway are long on this pair as well? If so, from what price. Just curious to know
Quoting 4rextrader
Orionsway are long on this pair as well? If so, from what price. Just curious to know
i went long mostly still 10 27 2011 75.75
"Millionaires don't use astrology, billionaires do"
Quoting OrionsWay
i went long mostly still 10 27 2011 75.75
Quoting OrionsWay
i went long mostly still 10 27 2011 75.75
- How much the swaps and the commission are now?

- Cheers.
- My view and I hope everyone here post some charts, even if it is a naked chart.

- GL.
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Wait for either a shallow or sideways wave 4 /blue scenario/ or a relatively deep wave B /res scenario/
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Quoting freelancer
Wait for either a shallow or sideways wave 4 /blue scenario/ or a relatively deep wave B /res scenario/
Good wave count, except that I suspect subwave 5 is already underway in what looks like the start of a possible diamond reversal pattern.

UJ has hit its long term descending trendline and reached the top of its descending channel.

Of course, should it break back above 80, then I'm wrong.

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