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USD/JPY Discussion

  • #42,561
  • Feb 3, 2014 11:36am Feb 3, 2014 11:36am
After the ISM manufacturing PMI I think USD will decline on short term.
  • #42,562
  • Feb 3, 2014 11:37am Feb 3, 2014 11:37am
Quoting lamp
{quote} on what grounds do you make this forecast?




Hes probably looking at support levels/Fib expansion levels. The boys are at lunch.
  • #42,563
  • Feb 3, 2014 11:39am Feb 3, 2014 11:39am
99.50 seems to be a good long entry point from a risk/reward perspective.

CHF and JPY are becoming stronger with the choppy down moves starting in the stock markets but while i expect EURCHF to test the 1.20 barrier I think USDJPY will be quite well supported around 100.00.
Attached Image (click to enlarge)
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  • #42,564
  • Feb 3, 2014 11:53am Feb 3, 2014 11:53am
Quoting zusch
{quote} In hindsight perhaps, all we can do is follow trend and back on Dec 31st the trend was still up.
101.0x fib 50% holds for now.
becareful jpy likes to strengthen big on afternoons.
bad data from US when FED has started tapering leaves doubts on usd. now only remains to see if BOJ talks of tapering to see usd/jpy down to 0.9xxx in matter of hours.
  • #42,565
  • Feb 3, 2014 12:17pm Feb 3, 2014 12:17pm
Quoting Pharm0r
target 1: 101.225 target 2: 100.60
Target one hit, there's enough strength that i wont be taking any profits until target 2. Maybe not even then, bears are butt raping the bulls hardcore style.

Price action is screaming down. Not a bull in sight.
  • #42,566
  • Feb 3, 2014 12:44pm Feb 3, 2014 12:44pm
Quoting Pip Anon
How bout that yen, USDJPY 99.75
Quoting Pip Anon
{quote} Oh, so close I can taste the awesomeness
Where you looking at fib levels on the weekly? I see some support at 101, but it could drop to 100.
Attached Image (click to enlarge)
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"A true speculator tries the market small." - Jesse Livermore
  • #42,567
  • Feb 3, 2014 12:54pm Feb 3, 2014 12:54pm
Hello US/JPY

YEN Masters are hard core gamblers

they will be back to light up the charts

FXCM

Wow. There is heavy short-term (1wk) $USDJPY option interest between 102 and 106. Lots of calls from 105.50 to 108.50. Who is buying that?
3 Feb
  • #42,568
  • Feb 3, 2014 12:57pm Feb 3, 2014 12:57pm
Quoting Pharm0r
Not a bull in sight.
Not quite.
I have no clue what I'm talking about.
  • #42,569
  • Feb 3, 2014 1:54pm Feb 3, 2014 1:54pm
Out at 101.01, it's looking ugly on the long side.
  • #42,570
  • Feb 3, 2014 1:55pm Feb 3, 2014 1:55pm
Im still collecting
  • #42,571
  • Feb 3, 2014 1:56pm Feb 3, 2014 1:56pm
Quoting freundr
Out at 101.01, it's looking ugly on the long side.
what caused the move,
I had a sell stop that got hit

http://charts.mql5.com/3/777/usdjpy-...ng-futures.png
  • #42,572
  • Feb 3, 2014 1:57pm Feb 3, 2014 1:57pm
Attached Image (click to enlarge)
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  • #42,573
  • Feb 3, 2014 1:59pm Feb 3, 2014 1:59pm
Further to my last chart a week ago here is the latest overlay of the Japanese Banks /USD/JPY (left hand scale).
For my money it still points to a lower USD/JPY and I will stay short this pair plus the NZD/JPY.
The positioning numbers from a major German bank point to a much reduced long position however I will stick with the shorts until I see more of a panic - on which I'll close...
Attached Image (click to enlarge)
Click to Enlarge Name: YenFeb.png Size: 51 KB
  • #42,574
  • Feb 3, 2014 2:00pm Feb 3, 2014 2:00pm
Quoting Boy Wonder
{quote} Not quite.
you were saying?
  • #42,575
  • Feb 3, 2014 2:04pm Feb 3, 2014 2:04pm
Do not worry bears. The blue candles are just profit taking
Fix up, trade sharp ...
  • #42,576
  • Feb 3, 2014 2:06pm Feb 3, 2014 2:06pm
AUD/JPY isnt bouncing like USD/JPY

holding Short USD/JPY for 10 pips from here
  • #42,577
  • Feb 3, 2014 2:07pm Feb 3, 2014 2:07pm
Quoting Pharm0r
{quote} you were saying?
Sorry, I'm not sure what you mean.
I have no clue what I'm talking about.
  • #42,578
  • Feb 3, 2014 2:10pm Feb 3, 2014 2:10pm
"Three soldiers" on M 5 look a bit thin ...
Fix up, trade sharp ...
  • #42,579
  • Feb 3, 2014 2:11pm Feb 3, 2014 2:11pm
Quoting RideTheWave
{quote} what caused the move, I had a sell stop that got hit {image}
no idea what caused the move, but got back in for 2 quick scalps.
  • #42,580
  • Feb 3, 2014 2:11pm Feb 3, 2014 2:11pm
Quoting Rizmeister
I have netted about 80 pips so far and have taking some profits. Hows everyone doing?


Still holding all of my 104.30 shorts.

Very close to my target 100-101 range. Will close half of the position around 100.30. I was expecting 400-500 pips till end of March. That was way fast. A sign of strong bear market. I decided to hold other half of my positions by moving my SL to 103.50. My SL will move down as long as bearish stock market trend continues and UJ continues to go down.
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