USD/JPY Discussion | Page 1603 | 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

  • #32,041
  • Nov 26, 2012 5:05pm Nov 26, 2012 5:05pm
Quoting Ziko9o8
- A break of 61.8 fibo level on daily chart will bring a sell off.

- Cheers

either a sell off, or the 61.8 Fibo would provide a rock solid support for the uptrend to continue
time will tell
  • #32,042
  • Nov 27, 2012 12:32am Nov 27, 2012 12:32am
Quoting moneyholic
either a sell off, or the 61.8 Fibo would provide a rock solid support for the uptrend to continue
time will tell

Hello, please tell me if your Fibo 61.8 is at 81.400 also or i misplaced it ?

Cheers
  • #32,043
  • Nov 27, 2012 4:20pm Nov 27, 2012 4:20pm
Quoting MisterSpread
Hello, please tell me if your Fibo 61.8 is at 81.400 also or i misplaced it ?

Cheers
81.48-ish
  • #32,044
  • Nov 27, 2012 5:09pm Nov 27, 2012 5:09pm
23.6% Fib @ 81.773
38.2% @ 81.284
  • #32,045
  • Nov 27, 2012 7:38pm Nov 27, 2012 7:38pm
anyone trading tonight?? quiet on here
Any prices quoted are futures
  • #32,046
  • Nov 27, 2012 8:22pm Nov 27, 2012 8:22pm
Gidday

Been playing us/jpy an eur/jpy

Amazing move up,

trying to pick the moves without screwing everything up
  • #32,047
  • Edited 1:36am Nov 28, 2012 1:08am | Edited 1:36am
Quoting moneyholic
81.48-ish
Thanks mate, now to talk a bit about this pair...why should anyone short USDJPY now ? Based on what fudamentals? BOJ will do more QE as Shirakawa stated, their exports are slumping and also they will have elections soon, with that said where is the argument for selling this pair?

Also on technical Ichimoku clearly states a break of the down trend a few weeks ago around 77-78 and consolidation around 81-82, so what is the reason to sell it ?

BOJ Outlook

The yen dropped to 82.84 per dollar last week, the weakest since April 4, and traded at 81.95 as of 10:42 a.m. in Tokyo.
Sixteen of 22 economists surveyed this month by Bloomberg News forecast the BOJ will expand monetary easing at its next meeting on Dec. 19-20. The central bank refrained on Nov. 20 from increasing the 66 trillion-yen asset-purchase program that buys securities including government debt maturing in three years or less."
  • #32,048
  • Nov 28, 2012 1:25am Nov 28, 2012 1:25am
Longer term view 81.00 - 81.50 area looks like a great area to start building a long position. Min stop of 100 pips is what I'm thinking.
It works till it doesn't
  • #32,049
  • Nov 28, 2012 1:38am Nov 28, 2012 1:38am
Quoting DaEdge
Longer term view 81.00 - 81.50 area looks like a great area to start building a long position. Min stop of 100 pips is what I'm thinking.
In 2 weeks or so the Dec 16th election will have an impact on it surely?
I dont think Abe has fully been priced in.
  • #32,050
  • Nov 28, 2012 1:53am Nov 28, 2012 1:53am
Quoting Zac
In 2 weeks or so the Dec 16th election will have an impact on it surely?
I dont think Abe has fully been priced in.
US data has been getting better. JPY elections will definitely have some effect on the crosses as well. Not Abe can be fully priced in cuz he's not in at the moment.

http://i1356.photobucket.com/albums/...ps57e1fc8c.jpg
It works till it doesn't
  • #32,051
  • Nov 28, 2012 2:10am Nov 28, 2012 2:10am
Yes true, he is not in. The run up to this point has been the speculation and likelihood of him winning.
So I imagine closer to the date it will surge again. Not sure what intensity.

US is def getting better but business confidence is still waning.
Although the US Fiscal Cliff has been in the diary for years, apparently businesses are holding back on new investing to see how new policy affects their business.
So maybe some certainty there soon will help boost things also.
Im sick of all the pessimism from topic to topic. Atleast after the fiscal cliff theres not much else on the horizon to get pessimistic about that hasnt been discussed already.
  • #32,052
  • Edited 3:09am Nov 28, 2012 2:50am | Edited 3:09am
Could be room for a bigger pullback here is what im looking for





Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.jpg Size: 70 KB






I havent thought about stops yet maybe 79.50 area
  • #32,053
  • Nov 28, 2012 3:01am Nov 28, 2012 3:01am
Quoting brinks
Could be room for a bigger pullback here is what im looking for




Attachment

Attachment


I havent thought about stops yet
Basically about the same levels I'm looking at. Depends on ur time frame & how many or those orders get filled. I tend to layer in based on the price action & when I feel comfortable with my size I determine it from there but its always at least 100 pips. If trade goes against me fast ill take pieces off if I still like the idea & add them back in as it starts go in favor.
It works till it doesn't
  • #32,054
  • Nov 28, 2012 3:07am Nov 28, 2012 3:07am
Quoting DaEdge
Basically about the same levels I'm looking at. Depends on ur time frame & how many or those orders get filled. I tend to layer in based on the price action & when I feel comfortable with my size I determine it from there but its always at least 100 pips. If trade goes against me fast ill take pieces off if I still like the idea & add them back in as it starts go in favor.
50 pips between orders i do exactly the same if it gets down to near 50% fib i wait for the bear trendline break on the 4hour or hourly chart but i havent got time to watch for the rest of the week so have gone with forward orders.

I'm still confident that this is consolidation pullback to continue the trend at least to 84.

But this pair has a habit of kicking bulls in the nuts i guess if there is positive news on the fiscal cliff it should help.
  • #32,055
  • Nov 28, 2012 3:22am Nov 28, 2012 3:22am
Quoting brinks
50 pips between orders i do exactly the same if it gets down to near 50% fib i wait for the bear trendline break on the 4hour or hourly chart but i havent got time to watch for the rest of the week so have gone with forward orders.

I'm still confident that this is consolidation pullback to continue the trend at least to 84.

But this pair has a habit of kicking bulls in the nuts i guess if there is positive news on the fiscal cliff it should help.
I too feel that all the JPY crosses are in a consolidation & 84 should be hit in the near future but I think it's going to be a bumpy ride getting there.
It works till it doesn't
  • #32,056
  • Nov 28, 2012 3:24am Nov 28, 2012 3:24am
Quoting DaEdge
I too feel that all the JPY crosses are in a consolidation & 84 should be hit in the near future but I think it's going to be a bumpy ride getting there.

yep its always bumpy with this pair
  • #32,057
  • Nov 28, 2012 3:26am Nov 28, 2012 3:26am
Quoting brinks
yep its always bumpy with this pair
Definitely need to careful with this pair or you'll die a so death from a million paper cuts.
It works till it doesn't
  • #32,058
  • Nov 28, 2012 3:36am Nov 28, 2012 3:36am
Quoting DaEdge
Definitely need to careful with this pair or you'll die a so death from a million paper cuts.
Guys, guys until those bottom levels that you agreed upon the bears must first break fibo at 61.8% at $81.40ish, the 50% at $80.62 the BIG resistance at $80.24 and again $79.80 that is 30% for FIBO, I think is harder for the bears than it will be for the bulls
  • #32,059
  • Nov 28, 2012 3:39am Nov 28, 2012 3:39am
Quoting MisterSpread
Guys, guys until those bottom levels that you agreed upon the bears must first break fibo at 61.8% at $81.40ish, the 50% at $80.62 the BIG resistance at $80.24 and again $79.80 that is 30% for FIBO, I think is harder for the bears than it will be for the bulls

Hey misterspread what bottom levels are you talking about?
  • #32,060
  • Nov 28, 2012 3:44am Nov 28, 2012 3:44am
Quoting brinks
Hey misterspread what bottom levels are you talking about?
$79.044 ! If I'm wrong please correct me, maybe I didn't looked at your charts with more attention !
292 traders viewing now