USD/JPY Discussion | Page 1791 | 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

  • #35,801
  • Aug 12, 2013 9:58am Aug 12, 2013 9:58am
yeah coz using last thursday data.. we got 99.48 for last friday pivot. and using last friday data we got monday's pivot. just take a look once she broke the 99.43 .. she jumped and faced a resistance just a bit below weekly pivot..

make it simple ... pivot is only (H+L+C)/3 or try this... to make it easier : http://www.pivotpointcalculator.com/

am not a big fans of pivot but i used it for road sign besides fibonacci


Quoting rockstar1234
{quote} Your post said daily pivot is at 99.48 and current spot price is 96.21. Btw i don't trade pivots , so don't really know anything about it , just confused.
not euphoria follower
  • #35,802
  • Aug 12, 2013 9:59am Aug 12, 2013 9:59am
i see your chart as Bullish BAMM ( Bat action magnet move ) or Bullish Dragon
Quoting Danny Maina
The USD/JPY has been on a down run since the open of the month. Over the past two days, the pair has completed a DB and what's pending is a neckline break. {image}
not euphoria follower
  • #35,803
  • Aug 12, 2013 10:43am Aug 12, 2013 10:43am
Quoting Danny Maina
The USD/JPY has been on a down run since the open of the month. Over the past two days, the pair has completed a DB and what's pending is a neckline break. {image}
double bottoms are equal lows... these are not equal lows... if anything this is compression getting ready to break out of the bigger triangle
  • #35,804
  • Aug 12, 2013 3:03pm Aug 12, 2013 3:03pm
Quoting domino
{quote} double bottoms are equal lows... these are not equal lows... if anything this is compression getting ready to break out of the bigger triangle
bad GDP figs make tax increases a lot less likely and abe is calling for review of corp taxes... 2 reasons for japanese stocks to fly (and take .uj with it)... add to that .uj is following uptrend lines nicely as it's again doing thel "stair-stepping", bear killing, don't look back thing.

i was wrong about how far this thing would fall recently... but now we've turned, and i don't think we'll see 96.50 again for a long time.
  • #35,805
  • Aug 12, 2013 3:06pm Aug 12, 2013 3:06pm
Quoting 1candlepower
{quote} bad GDP figs make tax increases a lot less likely and abe is calling for review of corp taxes... 2 reasons for japanese stocks to fly (and take .uj with it)... add to that .uj is following uptrend lines nicely as it's again doing thel "stair-stepping", bear killing, don't look back thing. i was wrong about how far this thing would fall recently... but now we've turned, and i don't think we'll see 96.50 again for a long time.
dip buying works well with the stair stepping PA: just buy every tread and sell about 10 -15p above that.
  • #35,806
  • Aug 12, 2013 3:07pm Aug 12, 2013 3:07pm
Looks like yen have lower to go
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-08-12-TOS_CHARTS.png Size: 158 KB
When the facts change I change my mind, what do you do sir
  • #35,807
  • Aug 12, 2013 3:09pm Aug 12, 2013 3:09pm
Quoting Pip Anon
Looks like yen have lower to go {image}
why?
  • #35,808
  • Aug 12, 2013 3:18pm Aug 12, 2013 3:18pm
Quoting 1candlepower
{quote} why?
this might help: connect the lows on jan 16 and jun 13... that 's the dominant tl system right now (with many confirmations). we are currently bouncing off the bottom just as you would expect. everything here is aligned... and points to the sky.
  • #35,809
  • Aug 12, 2013 3:22pm Aug 12, 2013 3:22pm
Quoting 1candlepower
{quote} this might help: connect the lows on jan 16 and jun 13... that 's the dominant tl system right now (with many confirmations). we are currently bouncing off the bottom just as you would expect. everything here is aligned... and points to the sky.

Sweet deal
When the facts change I change my mind, what do you do sir
  • #35,810
  • Aug 12, 2013 3:24pm Aug 12, 2013 3:24pm
USD/JPY DAILY CHART

"W Shape" with "Trend-line"

Target : 104.65
Attached Image (click to enlarge)
Click to Enlarge Name: usdjpydaily.png Size: 45 KB
  • #35,811
  • Aug 12, 2013 3:25pm Aug 12, 2013 3:25pm
Quoting Pip Anon
{quote} Sweet deal
how high would it need to go before you would say the trend had changed?
  • #35,812
  • Aug 12, 2013 3:30pm Aug 12, 2013 3:30pm
Quoting 1candlepower
{quote} how high would it need to go before you would say the trend had changed?
Not looking for a trend change. It was intraday opinion. I don't look for trend changes in a 1H chart.

Clear resistance near 10.4, a break of 10.5 would suggest huge breakout.

Looking at the daily, I don't think I would be stretching it to say the yen in still in a downtrend
Attached Image (click to enlarge)
Click to Enlarge Name: 2013-08-12-TOS_CHARTS.png Size: 139 KB
When the facts change I change my mind, what do you do sir
  • #35,813
  • Aug 12, 2013 3:35pm Aug 12, 2013 3:35pm
Quoting Pip Anon
{quote} Not looking for a trend change. It was intraday opinion. I don't look for trend changes in a 1H chart. Clear resistance near 10.4, a break of 10.5 would suggest huge breakout. Looking at the daily, I don't think I would be stretching it to say the yen in still in a downtrend {image}
maybe i misunderstand: are you talking about the usd/jpy pair or the YEN itself? some people here use the terms interchangeably .
  • #35,814
  • Aug 12, 2013 3:40pm Aug 12, 2013 3:40pm
Quoting 1candlepower
{quote} maybe i misunderstand: are you talking about the usd/jpy pair or the YEN itself? some people here use the terms interchangeably .
Lol no problem. I was talking yen futures, but the impact on yen pairs are closely related. Weakness in yen would be indicative of stronger USDJPY
When the facts change I change my mind, what do you do sir
  • #35,815
  • Aug 12, 2013 3:47pm Aug 12, 2013 3:47pm
Quoting Pip Anon
{quote} Lol no problem. I was talking yen futures, but the impact on yen pairs are closely related. Weakness in yen would be indicative of stronger USDJPY
lolz! ah-so...

something else i notice is that the down-trend since the beginning of aug is forming an old fashioned rounded bottom below a resistance level of about 97.0 ...
i have entered a long on the expectation that it will really fly when resistance is broken.
  • #35,816
  • Aug 12, 2013 3:48pm Aug 12, 2013 3:48pm
Quoting 1candlepower
{quote} lolz! ah-so... something else i notice is that the down-trend since the beginning of aug is forming an old fashioned rounded bottom below a resistance level of about 97.0 ... i have entered a long on the expectation that it will really fly when resistance is broken.
whoa! we're almost there right now
  • #35,817
  • Aug 12, 2013 4:43pm Aug 12, 2013 4:43pm
Fibonacci Extension looks quite promising, aiming for a long in case price breaks 97.000 resistance for 150 pip profit at 98.500.

Then short, strong trendline ...


Attached Image (click to enlarge)
Click to Enlarge Name: usdjpy.png Size: 13 KB
  • #35,818
  • Aug 12, 2013 4:50pm Aug 12, 2013 4:50pm
extremely promising, strong bullish momentum price just jumped almost 3 pips in 5 secs breaking 97.000, im in long ))
  • #35,819
  • Aug 12, 2013 5:29pm Aug 12, 2013 5:29pm
97.65 is the next price move for USD/JPY, and then we may see a small retrace back.
  • #35,820
  • Aug 12, 2013 7:10pm Aug 12, 2013 7:10pm
Tokyo opened, BOJ report released
242 traders viewing now