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USD/JPY Discussion

  • #43,701
  • Feb 28, 2014 9:24am Feb 28, 2014 9:24am
Quoting EmeraldEyes
Happy friday! Seeing if Usd/Jpy could shoot back up over 102.20 and trip these, despite some good CPI data last night from Japan.. USDJPY stops above 102.20
shoot back up over **102.0.
Once it broke it didnt look back til it hit 102.20 $_$
  • #43,702
  • Mar 1, 2014 12:08pm Mar 1, 2014 12:08pm
The USDJPY is having trouble holding gains and it looks like the bears are gaining some control.

Currently the trend is changing and is now slightly bearish.

I am looking to see any retrace upwards towards 102.65 until that level gives way and no longer holds.

Let’s take a look at the charts in the video together to see.

Inserted Video
  • #43,703
  • Mar 2, 2014 11:27am Mar 2, 2014 11:27am
Well, it seems because of Ukrain, YEN will be a safe heaven. Now UY is 101,4 and EY is 139,5.

Going down and counting.
  • #43,704
  • Mar 2, 2014 1:39pm Mar 2, 2014 1:39pm
Quoting mazurskilos
Well, it seems because of Ukrain, YEN will be a safe heaven. Now UY is 101,4 and EY is 139,5. Going down and counting.
We're at a low right now, I believe.
  • #43,705
  • Mar 2, 2014 1:43pm Mar 2, 2014 1:43pm
Quoting mazurskilos
Well, it seems because of Ukrain, YEN will be a safe heaven. Now UY is 101,4 and EY is 139,5. Going down and counting.
Yen is the only safe haven at this time.
Trade what you see, not what you think!
  • #43,706
  • Mar 2, 2014 1:45pm Mar 2, 2014 1:45pm
Quoting OMGtrader
{quote} Yen is the only safe haven at this time.
That's not what the chart says, imo.
  • #43,707
  • Mar 2, 2014 1:46pm Mar 2, 2014 1:46pm
Thank you Russia. Finally we get the expected fall in UJ.
  • #43,708
  • Mar 2, 2014 2:17pm Mar 2, 2014 2:17pm
Jpy, usd, and chf are all safe havens...chf will be safest bet. Yen strength been story since jan 1 14 and usd been under pressure since jan. My theory. Eur and gbp largest benifitiaries of usd weakness. Eur, gbp drop. Usd largest positive change followed by chf and jpy. By end of week. Usd moreso IF THE WEATHER finally becumes evident to investors was a factor in slowing numbers...

My theory long usd, then chf, then yen.

Buy jpy/usd now.
  • #43,709
  • Mar 2, 2014 2:28pm Mar 2, 2014 2:28pm
Quoting BDardenTrade
Jpy, usd, and chf are all safe havens...chf will be safest bet. Yen strength been story since jan 1 14 and usd been under pressure since jan. My theory. Eur and gbp largest benifitiaries of usd weakness. Eur, gbp drop. Usd largest positive change followed by chf and jpy. By end of week. Usd moreso IF THE WEATHER finally becumes evident to investors was a factor in slowing numbers... My theory long usd, then chf, then yen. Buy jpy/usd now.
So you are saying to those who trade usdjpy to sell?
  • #43,710
  • Mar 2, 2014 2:29pm Mar 2, 2014 2:29pm
Quoting BDardenTrade
Jpy, usd, and chf are all safe havens...chf will be safest bet. Yen strength been story since jan 1 14 and usd been under pressure since jan. My theory. Eur and gbp largest benifitiaries of usd weakness. Eur, gbp drop. Usd largest positive change followed by chf and jpy. By end of week. Usd moreso IF THE WEATHER finally becumes evident to investors was a factor in slowing numbers... My theory long usd, then chf, then yen. Buy jpy/usd now.
no CHF is not a safe haven currency, never was. Even though rates are at 0%, it doesn't make it an safe have currency. Only Safe haven currency throughout the years had been USD & Yen, although the USD has not traded like an safe haven currency for the past year or so.
Trade what you see, not what you think!
  • #43,711
  • Mar 2, 2014 2:44pm Mar 2, 2014 2:44pm
Quoting Trendzalore
{quote} So you are saying to those who trade usdjpy to sell?
If you look at his trade explorer you can see he clearly means buy UJ.
  • #43,712
  • Mar 2, 2014 2:49pm Mar 2, 2014 2:49pm
What im seeing...(plus rsi oversold)...lets see what happens.
Attached Image
  • #43,713
  • Mar 2, 2014 2:54pm Mar 2, 2014 2:54pm
101.36 to 101.30 if it goes below that it should drop to 100.92 area and then maybe 100.38.
  • #43,714
  • Mar 2, 2014 2:58pm Mar 2, 2014 2:58pm
Quoting BDardenTrade
What im seeing...(plus rsi oversold)...lets see what happens. {image}
looks like my son draw some thing on his drawing wall.
I am smart than average trader, I simply copy the best.
  • #43,715
  • Mar 2, 2014 2:59pm Mar 2, 2014 2:59pm
I say buy usd/jpy...worsr case i see is that we stay in this range or pass upward out of it. We also have an inverse head and shoulders forming. But we CUD see 100.50. But im thinking no lower. CHF is the historical safe haven currency. Maybe due to the 1,20 floor in 11' not do much so. BUT we are NEARING THE FLOOR!. and eur/chf is due for some test of that floor again soon. Id buy that floor also if we see it.

Oh i forgot...first target is 103.20, 103.71,104.15...if we go lower than 100.50 id be bearish.
  • #43,716
  • Mar 2, 2014 3:00pm Mar 2, 2014 3:00pm
Last candle was a gravestone doji on hourly
  • #43,717
  • Mar 2, 2014 3:10pm Mar 2, 2014 3:10pm
Given the past 3 weeks of consolidation, any decisive move now will be quite forceful and prolonged. Especially if that move is south.
  • #43,718
  • Mar 2, 2014 3:43pm Mar 2, 2014 3:43pm
140 holds toward 100 imo
  • #43,719
  • Mar 2, 2014 3:50pm Mar 2, 2014 3:50pm
Quoting Trendzalore
101.36 to 101.30 if it goes below that it should drop to 100.92 area and then maybe 100.38.
Im gonna stick with that. If it cant keep above 101.30 then it should go down and look for buyers or keep going til buyers come in.
  • #43,720
  • Mar 2, 2014 6:00pm Mar 2, 2014 6:00pm
Hello YEN Masters

Would be nice to see this turd float up to 105

Miss the action

We need the little grasshoppers

to crank up the printing machines
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