USD/JPY Discussion

There will soon be war between Japan and China if Japan continues to destroy its currency and export inflation.

Breakout potential right here. Once above 96.25 momentum should pick up.

I agree.

Gidday

Hmmmm what is it up to, back to 96

Might take some profit off the table

Does not pay to be to greedy

Hope you didn't. We've got a lot of hourly wicks right on top of 96. I'll pay to see an hourly close below 96 at this point. I actually took a 5 pip loss already trying to buy at 96.20 when I thought it was going to breakout, but sometimes you just have to be willing to pay the market once in a while.

Edit: Pretty lame close to the hourly candle, but still that's the first green hourly close after 5 red hourly closes. Worth a shot long right here with a tight stop.

Edit 2: Sooo slooow...

I like the look of a long. I am in from 96.12 with a stop below at 95.96. Currently a few pips out of the money but it is a good trade in imho.

Although, it seems it's not a good time for trading but 96.18/24 it is a best place to get strong selling signals toward 95.80
So wait till get the strong signals
E/P= sell position around 96.18/24
S/L=96.36
T/P1=96.08
T/P2=95.94
T/P3=95.80-75

Volume is still rising near the Key Level for reversing

Price action looks good for longs. Daily is showing a small inside bar with hardly no upper/lower wick. Only thing that concerns me about U/J is the high retail long interest in the pair.

http://fxtrade.oanda.com/analysis/fo...r-book#USD/JPY

http://1.gravatar.com/avatar/5f129fd...0&d=retro&r=PG
Rumour – Incoming BOJ head Kuroda may hold emergency meeting ahead of Apr. 3 to ease policy

Written by Eamonn Sheridan
March 11, 2013 at 21:33 GMT

Only a rumour
Added: From a Nikkei news article – Kuroda has hinted he may move to ease further, as soon as next week, before the April 3 & 4 BOJ policy meeting

Looking to break 96.551 shortly

Hoping for a pullback here before we resume higher. Once 96.500's break we could see 97 quickly IMO.

There was the pullback, now the bullish move should resume towards 97

Looks like a bull flag is forming on the 1 minute chart. My price target is 97.

US 10 Y t-notes 6 days in red since last Monday. Currently at 130.13 which is very close to psychological 130, maybe next level 128 which on monthly chart from former resistance during 2010 became support later in 2011/2012. Very long weekly candle from last week maybe is signalizing a further weakening, I guess. This is UJ thread but this pair has highly negative correlation with US 10 t notes for which unfortunately I can't post a chart ( can be founded at forexpros.com), just you got to believe to my words above

I exited my long yesterday evening at what was then the highs of the day. Thought I gave it long enough as a day trade and took a small 12 pip profit.

Lets see what happens today.

If this fails to break the 96.10 high made after the retail sales news realese today, I am going short with a target of 92!

Still holding my longs from last month, hope to see the 100 target this week

Hello traders,
an update for the USD Dollar Index that can be helpful not only for trading the EUR/USD (52% of the Dollar Index) but also the other major pairs USD/JPY, GBP/USD, USD/CAD and AUD/USD.

We had a sequence a of two traditional measured moves higher: the first with long entry in the 82.30 area with target in 83. The second with entry in the 82.70 area and targets at 83.40 (today's highs). We now have a new (third) long setup in the sequence at the 83.00 area (check the picture below).

The third long setup just traded: support was shown at the 83.01 level. This long setup has a stop, and failure level, below 82.90. Below this level the sequence of measured move is interrupted and we could see the start of the move lower in the Dollar Index (Scenario 1)

http://www.forexfactory.com/attachme...1&d=1363277753

Here are my two scenarios, as usual:

Scenario 1. If price comes below the 82.90 level the sequence of measured moves higher on the daily chart ends and price could start its move towards the 20-day SMA (partial targets area). The move could then continue lower after a bounce.

Scenario 2. If the next setup long on the daily chart is respected, i.e. price of the index never moves below 82.90 there is the possibility of a continuation higher into the next target at the 83.60 area (1st target) and even higher.

Let me know what you think.
Thank you

PS: Euro FX futures just approaching the resistance at 1.3000 in my last analysis

UJ
Right now at 95.700

There are 2 possibilities that make this pair bounce back
1- is on Key Fibo. Level (Daily Fibo.)
2- There is a Divergence in Low Time Frame (of course not very Strong)
So be aware of extending Upwards