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USD/JPY Discussion

  • #41,041
  • Jan 6, 2014 3:11pm Jan 6, 2014 3:11pm
Quoting forexvegan
{quote} Is it streaming?
http://www.c-span.org/Events/Senate-...10737443328-1/
  • #41,042
  • Jan 6, 2014 3:16pm Jan 6, 2014 3:16pm
Seems like JPY still wants to strengthen. Of course that could change any moment with this super strong trend. Should probably be looking for buy set ups but for now JPY seems strong so I'd rather look for intraday sell set ups on UJ GJ EJ.
  • #41,043
  • Jan 6, 2014 4:52pm Jan 6, 2014 4:52pm
closed my latest shorts for BE, seems like NIKEI is positioning for gap-filling
  • #41,044
  • Jan 6, 2014 5:21pm Jan 6, 2014 5:21pm
I BE with my first short and took another position with the bears 104.46.
Faith ends where worry begins, and worry ends where faith begins.
  • #41,045
  • Jan 6, 2014 7:39pm Jan 6, 2014 7:39pm
The Nikkei 225 Index is down –0.50% mid-day in Asian trading while Usd/Jpy is up 25 pips and rising, approaching 104.50 from the underside.
  • #41,046
  • Jan 6, 2014 8:22pm Jan 6, 2014 8:22pm
Yen pairs could take off hard soon, but the momentum seems so screwed... just seems like USD/JPY wants to go lower
  • #41,047
  • Jan 6, 2014 8:24pm Jan 6, 2014 8:24pm
Quoting Ck87
Yen pairs could take off hard soon, but the momentum seems so screwed... just seems like USD/JPY wants to go lower

We are bumping so pretty important levels indeed
All posts are my personal opinion
  • #41,048
  • Jan 6, 2014 8:24pm Jan 6, 2014 8:24pm
We need to see some major Yen weakness and their Asian equity markets get bought up. Fundamentals support a higher Usd/Jpy.
  • #41,049
  • Jan 6, 2014 8:27pm Jan 6, 2014 8:27pm
I think that if 105.5 is broken (linear regression channel) 110 is a reachable target - significant resistance will be seen from the M1 long term trend line around 109ish
  • #41,050
  • Jan 7, 2014 12:03am Jan 7, 2014 12:03am
Yawn... Anyone in a trade? So far pretty boring...
Faith ends where worry begins, and worry ends where faith begins.
  • #41,051
  • Jan 7, 2014 12:04am Jan 7, 2014 12:04am
Stops below 104.10 could attract some PA
  • #41,052
  • Jan 7, 2014 12:10am Jan 7, 2014 12:10am
Quoting forexvegan
Yawn... Anyone in a trade? So far pretty boring...
still in long from last night.
could take a short here and trade it both ways
Attached Image (click to enlarge)
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  • #41,053
  • Jan 7, 2014 12:20am Jan 7, 2014 12:20am
expect general dollar strength today, positioned myself for 105.50
  • #41,054
  • Jan 7, 2014 12:20am Jan 7, 2014 12:20am
Quoting wannabtrader
{quote} still in long from last night. could take a short here and trade it both ways {image}
Seems like the safest way to trade this YEN is to trade both ways
  • #41,055
  • Jan 7, 2014 12:26am Jan 7, 2014 12:26am
Agreed I'm with the bears now but not sure how long. I think we will go below 104.10 today, maybe even a newer low soon. But I'll be quick to reverse if need be.

edit - maybe not the bears seem weak today
Faith ends where worry begins, and worry ends where faith begins.
  • #41,056
  • Jan 7, 2014 12:33am Jan 7, 2014 12:33am
Quoting stylinex
{quote} Seems like the safest way to trade this YEN is to trade both ways

yes.price does look like its in a channel so if it goes below 104 ish it might drop.
but anyway for i would still like to short it at 104.60 if it gets there before 104.20 or so.
  • #41,057
  • Jan 7, 2014 1:06am Jan 7, 2014 1:06am
moved down to 104.23.
just took +62 of usd/cad so might just stick with my usd/jpy long.
  • #41,058
  • Jan 7, 2014 2:03am Jan 7, 2014 2:03am
Quoting mario83
{quote} So are we going to re-test 61,8 fibo and/or ~103.85 demand zone? Daily candle looks really bearish and supports shorts, however nothing has changed in US/JP policy and overall USD is bullish, isn't it? I've read somewhere that USD move here is quite exhausted and bigger retracement is needed. I'm still observing and don't have any position yet. {image}
Nice chart Mario. I'll be long off 104.60 when we finish this gap play.
Gone to a better place
  • #41,059
  • Jan 7, 2014 3:11am Jan 7, 2014 3:11am
Quoting Mr.C
..If you're planning to re-enter short then I would suggest to wait for a lift to 104,63 or 104,86. At the moment these places look like s/r zones. With some more confirmation these levels could generate an entry point..
Quoting Mr.C
...Yesterday's USD/JPY short goes as planned. Second TP @ 104,20 has already been hit. 100 pips of floating profit at the moment. Position is still active with no changes. Next stop @ 103,92...
Hey guys. Some USD/JPY notes for the record. The ~104,86 zone once more showed some power to send the pair back south. Also the 103,92 zone I was waiting for from last week was filled to the pip. A 1/3,5 RR trade possibility was present there.

The pair is on my personal list for this week. Will update with the exact entry zones as soon as I'll see them.

Good luck to all!
Attached Image (click to enlarge)
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Twitter: MrC_Forex ; Facebook: /pages/MrC-Forex/197693770247397
  • #41,060
  • Jan 7, 2014 3:20am Jan 7, 2014 3:20am
ulterior why the ignore on my profile ?
i just express my views, you are welcome to disagree with me that is why i am on this forum.

re usd/jpy might sell at 104.60 to 104.10
buy usd/jpy currently up 28 pips
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