USD/JPY Discussion

Hey UJ, I dont want to see you near 100 anymore at least till end of the month. Come on now BE a MAN.

Hello US/JPY

Looking interesting now

will it keep going

or will we get the famous YEN retrace

to lower levels

IDK I am annoyed though. I was long from 99.6 and closed then shorted at 100.06......when it was ranging and it just skyrocketed.....so I am under water right now.....not closing out yet...as it probably will retrace back down. Speak of the devil you just made it break out again!

Bulls win!

IB on daily played well...

poof and the roof is gone and there is still some steam I believe for it to go up

Nikkei ended with +1.92% ; UJ broke the resistance at 100.50/60 . I don't want to offend anyone here, but must ask: why considering any shorts in an obvious uptrend? Why not buy on deeps instead? Standing against the running train is not very vise. At the very first signs of potential downtrend I would join the bear camp with no hesitating, but now? Just look at the geppy and there's clear picture about Yen crosses and their further direction. Any pullbacks are not a situation for short but for loading longs at discount. If someone is impatient with entering sell position, better wait for the resistance at 101.50 which acted as one in April 2009 when the price was rejected and UJ started long journey to mid 70s and the second time at the early 2013 where after a few unsuccessful attempts and fake breakouts failed again. My 2 cents..

Next station is 101,50.

US 10y t notes weekly chart, looks like an empty space down waiting to be fulfilled :

It is days like this when I wish I had bet the farm!
But I also remember other days when I did bet the farm...

@ bikov Hey bikov, what kind of broker are you?

Better to say I was licensed broker at the MSE (Macedonian Stock Exchange) but it's very tiny little market with no liquidity which collapsed during 2008 and never recovered so my interest naturally went to fx. Hm, this reminds me to correct this at my personal info window here, I didn't renew the license 1 year ago and probably never will., now fx have my full attention with no plan to go back to the any illiquid market. And yes, UJ was my first love at fx, don't know why, I guess Yen was pretty exotic to me in my rookie days.

Consolidating after breaking that previous 9/11 high.

For a continuation up from here, my next target is 101.702.

bought on yesterdays support 99,8 and now out @100,7x considering last weeks performance its getting too much (almost 100 pips from yesterday) and 98,8 with the weekly TL breakout has not yet been properly tested. 101,5-101,7 are yes but for me its too far away, still a 200 pip whipsaw to 98,8 starts to be a real possibility in my view, RR is not that good ATM anymore.

just 2 cents

Tokyo closed and it is still going up.
However there is substance to your thinking, 101.50 is a likely rebound point IMHO.

the bears have gone to hibernate for the winter. Its sleeping time

Just my personal view...

If daily close above 100.45 i will be stacking more long trades with SL shifting to 99.45... next level to watch in my view will be 101.83 area and higher one 102.07 area...

in my view we just entered another top range from a PA between one bottom and one top range.


still with the old saying, i maybe wrong too...

Green pips to all too !

It is obvius that buyers are strong. Strong long is a way with frequent corrections.

quick chart (40 minutes ago)

USD/JPY has confirmed its improving technical structure by moving above the resistance at 100.61. The short-term technical configuration is positive as long as the support at 99.57 (19 November 2013 low) holds. An initial support can be found at 100.31 (intraday low). A resistance is at 101.53.


In the medium-term, the break of the symmetrical triangle favours a further rise towards the key resistance at 103.74 (22 May 2013 high).

In the longer term, the technical configuration since the 22 May peak at 103.74 looks like a pause within an underlying uptrend. Therefore, we expect an eventual continuation of the longer term bullish trend. A significant support stands at 95.81 (08 August 2013 low). A key resistance stands at 101.53.

Trading Strategy: Buy stop 3 at 101.58, Targets: 101.97/103.12/104.94, Stop: 101.19

I hope this will retrace. I need a better entry point