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USD/JPY Discussion

  • #46,001
  • May 17, 2014 9:08pm May 17, 2014 9:08pm
Yen strength has been boosted by a better GDP which is hinting that ABE 2% inflation is near, while the Dollar is losing steam due to the slow job recovery. Further strengthening of Dollar will impact the export volume and in turn will worsen the labour situation. Coupled with the Russian situation, UJ will dip further.

This is just my 2-cents views. Will be glad to hear other comments.
  • #46,002
  • May 18, 2014 12:09am May 18, 2014 12:09am
Technically looks like a move down, but FEELS like sheep to the slaughter...
  • #46,003
  • May 18, 2014 12:12am May 18, 2014 12:12am
Disclosure: I've been long from 101.59
  • #46,004
  • May 18, 2014 2:49am May 18, 2014 2:49am
Quoting pohchuan
Yen strength has been boosted by a better GDP which is hinting that ABE 2% inflation is near, while the Dollar is losing steam due to the slow job recovery. Further strengthening of Dollar will impact the export volume and in turn will worsen the labour situation. Coupled with the Russian situation, UJ will dip further. This is just my 2-cents views. Will be glad to hear other comments.
on top of what you shared, existing house is on its 7th consistent lose as well.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #46,005
  • Edited 4:12am May 18, 2014 3:19am | Edited 4:12am
Until price breaks and/or closes convincingly below weekly S1 @101.38, I am still a buyer in the 101.4-5 area.

We have seen 101 once in the past 6 months. I would rather go with recent history and target 102 instead of trying to buck the trend and target any price below the resilient 101.38 support zone

However, with any support/resistance that has held many times a break would likely be fairly strong so I will have a limit short waiting a few pips below my SL @101.27 with a target of 100.8

Just my thoughts, and of course I am holding long atm.

Good luck traders
Pride always comes before destruction.... -Proverbs 16:18
  • #46,006
  • May 18, 2014 4:13am May 18, 2014 4:13am
Quoting sergo
{image} {image} {image} {image} {image} you decide your fate
Nice charts! Almost the same as what i've been looking at on my monitor
  • #46,007
  • May 18, 2014 4:39am May 18, 2014 4:39am
Quoting bassd
{quote} Nice charts! Almost the same as what i've been looking at on my monitor
+1
A trade should be based on an assumption based on facts
  • #46,008
  • May 18, 2014 4:15pm May 18, 2014 4:15pm
and shes open. GREEN WEEK FOLKS!
  • #46,009
  • May 18, 2014 4:55pm May 18, 2014 4:55pm
Dont speak too fast, you will jinx it.

Green pip is losing steam now....
  • #46,010
  • May 18, 2014 5:15pm May 18, 2014 5:15pm
you guys think she can break 101.70 area ????????????too much stuff there
  • #46,011
  • May 18, 2014 5:21pm May 18, 2014 5:21pm
Tough....it's finding difficulty staying above 101.5
  • #46,012
  • May 18, 2014 5:53pm May 18, 2014 5:53pm
Not anybody willing to sell below 101.30 for several weeks tho either.
  • #46,013
  • May 18, 2014 6:18pm May 18, 2014 6:18pm
I just meant green pips haha
  • #46,014
  • May 18, 2014 6:47pm May 18, 2014 6:47pm
Quoting aktrader
Not anybody willing to sell below 101.30 for several weeks tho either.
Agree, more likely to go up, the number of core machine order will confirm it. I take long.
Don't blame the tools. Blame the carpenter.
  • #46,015
  • May 18, 2014 6:55pm May 18, 2014 6:55pm
wow and nothing
  • #46,016
  • May 18, 2014 6:56pm May 18, 2014 6:56pm
huge increase in machine order.....lets see how the bull behave.
  • #46,017
  • May 18, 2014 6:57pm May 18, 2014 6:57pm
Quoting sergo
wow and nothing
Yeap. Still believe, later move will come. For now, its time for a cup of coffee, or maybe two.
Don't blame the tools. Blame the carpenter.
  • #46,018
  • May 18, 2014 7:01pm May 18, 2014 7:01pm
Quoting KecoaKecil
{quote} Yeap. Still believe, later move will come. For now, its time for a cup of coffee, or maybe two.
yep
  • #46,019
  • May 18, 2014 7:02pm May 18, 2014 7:02pm
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  • #46,020
  • May 18, 2014 7:32pm May 18, 2014 7:32pm
if we all get on the same train that's what would happen
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