Attachments: USD/JPY Discussion

USD/JPY Discussion

#39,201
Nov 12, 2013 12:23am Nov 12, 2013 12:23am

iwavetrade
| Joined Oct 2013 | Status: Trader | 82 Posts

2nd Entry is 100.38 to be added to the original shorts.

Still a good entry for shorts on a triangle-looking pattern. Low risk, High Reward.

#39,202
Nov 12, 2013 12:30am Nov 12, 2013 12:30am

ARTjoMS
| Joined Sep 2012 | Status: Trader | 131 Posts

Quoting zusch

Disliked

Good luck sellers. Every single timeframe is saying buy and market is moving very fast. I don't set price targets, but 101 is not out of the realm of possibility this week.

Ignored

1h is not saying buy to me.

#39,203
Nov 12, 2013 12:34am Nov 12, 2013 12:34am

brinks
| Joined Oct 2011 | Status: Trader | 1,247 Posts

1hr and 4hr looking a little overbought so a retrace is possible

#39,204
Nov 12, 2013 1:19am Nov 12, 2013 1:19am

DingDongWay
| Joined Oct 2013 | Status: It goes Ding Dong Up Down.... | 220 Posts

Personal view, the retracement/correction spot from this current upmove, 100.45 area still looks interesting to me...

Sincerely Yours Cheers!

#39,205
Nov 12, 2013 1:24am Nov 12, 2013 1:24am

krunfx
Joined Jun 2009 | Status: Carry Trader that not want interest | 2,016 Posts

looks like this bullish penant pattern posible will drive dollar/yen at least to test 104 soon.......with disember fed tapering speculation.....highly posibilities 104 on dollar/yen

Attached Image (click to enlarge)

Click to Enlarge

Name: usdjpy.jpg
Size: 234 KB

Bismillah

#39,206
Nov 12, 2013 1:40am Nov 12, 2013 1:40am

bikov
| Joined May 2012 | Status: Trader | 620 Posts

looking at Nikkei - very bullish daily candle, DXY in green, US10y notes in red.. no intention for any selling just keeping longs although it could pull back to 99.20/30 from here.

"The secret of politics? Make a good treaty with Russia." Otto von Bismarck

#39,207
Nov 12, 2013 1:41am Nov 12, 2013 1:41am

stylinex
Joined Aug 2013 | Status: Trader | 4,057 Posts

Quoting krunfx

Disliked

looks like this bullish penant pattern posible will drive dollar/yen at least to test 104 soon.......with disember fed tapering speculation.....highly posibilities 104 on dollar/yen {image}

Ignored

We saw a move recently from over 1.38 on the Euro to around 1.33 so it is quite possible that the YEN also sees a pretty big move as well.

#39,208
Nov 12, 2013 1:43am Nov 12, 2013 1:43am

sanacasta
| Joined Jan 2013 | Status: Trader | 106 Posts

My target is 114.

Attached Image (click to enlarge)

Click to Enlarge

Name: JPY.jpg
Size: 265 KB

#39,209
Nov 12, 2013 1:54am Nov 12, 2013 1:54am

Mpt
Joined Nov 2009 | Status: Trader | 2,582 Posts

Quoting sanacasta

Disliked

My target is 114. {image}

Ignored

My target is 98.3

#39,210
Nov 12, 2013 2:05am Nov 12, 2013 2:05am

zusch
| Joined Feb 2011 | Status: Trade the hot hand. | 668 Posts

Very clean 5min action. Some sellers showing up, but I'm still holding longs.

ES looking a bit weak too.

Attached Image (click to enlarge)

Click to Enlarge

Name: 11.12.13 USDJPY 5min.png
Size: 61 KB

Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.

#39,211
Nov 12, 2013 2:14am Nov 12, 2013 2:14am

stylinex
Joined Aug 2013 | Status: Trader | 4,057 Posts

Moves usually take place on Monday,Tuesday & Wed. with corrections/reversals on Thursday or Friday. The last correction/reversal we had did not hold which means that the USD is pretty bullish as of now so it quite possible to see this get past 100 again. I regret not buying a bunch more this morning when it was at 99.26

Looking back now at 99.26 looked cheap

#39,212
Edited 2:49am Nov 12, 2013 2:15am | Edited 2:49am