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USD/JPY Discussion

  • #31,781
  • Oct 21, 2012 2:52pm Oct 21, 2012 2:52pm
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
  • #31,782
  • Oct 21, 2012 6:03pm Oct 21, 2012 6:03pm
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good morning

-------
forexindicatorbest
  • #31,783
  • Edited Oct 22, 2012 12:38am Oct 21, 2012 11:24pm | Edited Oct 22, 2012 12:38am
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!
  • #31,784
  • Oct 22, 2012 12:42am Oct 22, 2012 12:42am
this is strange every one know that Yen shold go down but i do not understand why is different.
  • #31,785
  • Oct 22, 2012 4:25am Oct 22, 2012 4:25am
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
  • #31,786
  • Oct 22, 2012 4:27am Oct 22, 2012 4:27am
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
  • #31,787
  • Oct 22, 2012 4:45am Oct 22, 2012 4:45am
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
  • #31,788
  • Oct 22, 2012 8:32am Oct 22, 2012 8:32am
Quoting smikester
I thought it looked like a falling wedge:

Attachment

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
  • #31,789
  • Oct 22, 2012 2:34pm Oct 22, 2012 2:34pm
80.60 will be major resistance. If we can get by that, free sailing to 85.50
  • #31,790
  • Oct 22, 2012 3:07pm Oct 22, 2012 3:07pm
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.
  • #31,791
  • Oct 22, 2012 4:28pm Oct 22, 2012 4:28pm
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
  • #31,792
  • Oct 22, 2012 6:54pm Oct 22, 2012 6:54pm
we just hit 80! woahhhhh
  • #31,793
  • Oct 22, 2012 6:58pm Oct 22, 2012 6:58pm
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"
  • #31,794
  • Oct 22, 2012 7:06pm Oct 22, 2012 7:06pm
Quoting OrionsWay
its a slow grind
Orionsway are long on this pair as well? If so, from what price. Just curious to know
  • #31,795
  • Oct 22, 2012 7:12pm Oct 22, 2012 7:12pm
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"
  • #31,796
  • Oct 22, 2012 7:13pm Oct 22, 2012 7:13pm
Quoting OrionsWay
i went long mostly still 10 27 2011 75.75
  • #31,797
  • Oct 23, 2012 4:38am Oct 23, 2012 4:38am
Quoting OrionsWay
i went long mostly still 10 27 2011 75.75
- How much the swaps and the commission are now?

- Cheers.
  • #31,798
  • Oct 23, 2012 5:07am Oct 23, 2012 5:07am
- My view and I hope everyone here post some charts, even if it is a naked chart.

- GL.
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  • #31,799
  • Oct 23, 2012 4:08pm Oct 23, 2012 4:08pm
Wait for either a shallow or sideways wave 4 /blue scenario/ or a relatively deep wave B /res scenario/
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  • #31,800
  • Oct 23, 2012 6:54pm Oct 23, 2012 6:54pm
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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