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USD/JPY Discussion

  • #47,221
  • Jul 29, 2014 1:07am Jul 29, 2014 1:07am
102.14 is my target...
  • #47,222
  • Jul 29, 2014 7:21am Jul 29, 2014 7:21am
102 finally broken, entered few longs around 101.8 and 102.01 waiting for the first resistance at 102.20 so let's see how it will react. somehow I feel that UJ will rise much more but maybe it's just my fantasy talking not rationality.
"The secret of politics? Make a good treaty with Russia." Otto von Bismarck
  • #47,223
  • Jul 29, 2014 7:28am Jul 29, 2014 7:28am
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  • #47,224
  • Jul 29, 2014 7:31am Jul 29, 2014 7:31am
Quoting Pharm0r
{quote} Got it in the last 10 minutes of trading day. 102.12 still valid for me. Although it's still possible, at this point Im expecting TP before retrace.
TP at 102.07
  • #47,225
  • Jul 29, 2014 11:18am Jul 29, 2014 11:18am
Is USD as safe haven or JPY

H1

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  • #47,226
  • Jul 29, 2014 12:01pm Jul 29, 2014 12:01pm
C'mon, 102.20!!!
Make your losses in demo. Earn your profits live.
  • #47,227
  • Jul 29, 2014 1:30pm Jul 29, 2014 1:30pm
USD is notorious for squeezing into the FOMC and then it completely reverses, I'd be careful.
When the facts change I change my mind, what do you do sir
  • #47,228
  • Jul 29, 2014 1:38pm Jul 29, 2014 1:38pm
Anybody know how much movement in pips we will be having? Assuming that it doesn't end up whipsaw or reversing.

GDP: 15-20 pips (positive or negative)
FOMC: 40-120 pips (positive or negative)
NFP: 15-40 pips (positive or negative)

How does this sound?
  • #47,229
  • Jul 29, 2014 1:43pm Jul 29, 2014 1:43pm
Quoting Pip Anon
USD is notorious for squeezing into the FOMC and then it completely reverses, I'd be careful.
Hi Pip,

You're right, but also price has come too close for it not to complete its W-shape (H4). What's left of it.
Even if it has to use a spike due to news-momentum. The markets is stubborn as we know.

As I missed the buy opportunity.....I'm waiting for a retracement around 102.227 and 102.267.
  • #47,230
  • Jul 29, 2014 8:53pm Jul 29, 2014 8:53pm
i am expecting it to go up further, waiting for a good entry...
  • #47,231
  • Jul 30, 2014 12:28am Jul 30, 2014 12:28am
Quoting smash1820
{quote} I like your analysis too. Just subscribed. Keep up the good work!
Thanks you so much
  • #47,232
  • Jul 30, 2014 5:30am Jul 30, 2014 5:30am
Thoughts on whether its going to break 102.30 or rebound?
  • #47,233
  • Jul 30, 2014 5:58am Jul 30, 2014 5:58am
market looks to be bullish ahead of the upcoming ADP and GDP news. Im thinking of targeting 102.5. what do you think?
  • #47,234
  • Jul 30, 2014 6:17am Jul 30, 2014 6:17am
Im undecided looks like a good long but something is telling me short. Would love to hear some more experienced voices on this.
  • #47,235
  • Jul 30, 2014 6:19am Jul 30, 2014 6:19am
Quoting denief
{quote} Hi Pip, You're right, but also price has come too close for it not to complete its W-shape (H4). What's left of it. Even if it has to use a spike due to news-momentum. The markets is stubborn as we know. As I missed the buy opportunity.....I'm waiting for a retracement around 102.227 and 102.267.
One W-shape completed at 101.80
A second completes now at 102.25
Downtrend line at 102.45 currently.
Serious news at 12:15 and 12:30 (GMT) bound to do something.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #47,236
  • Jul 30, 2014 6:24am Jul 30, 2014 6:24am
Quoting Exodus
{quote} One W-shape completed at 101.80 A second completes now at 102.25 Downtrend line at 102.45 currently. Serious news at 12:15 and 12:30 (GMT) bound to do something.
  • #47,237
  • Jul 30, 2014 6:39am Jul 30, 2014 6:39am
Quoting yorkshirelad
Im undecided looks like a good long but something is telling me short. Would love to hear some more experienced voices on this.
It's a strange day because we have the ADP Unemployment, GDP & then later the FOMC minutes all in one day. If the ADP & GDP come in as expected or better, it could definitely reach for the upper 102's. If that happens then the minutes comes out sounding hawkish, then it could definitely break above 103.


Or it could just fly around like something's really going to happen, then it will just revert to wherever it opened and back to range time again (likely imo, unless the reports are way out of expectations)
  • #47,238
  • Jul 30, 2014 6:42am Jul 30, 2014 6:42am
Quoting teddybomber
{quote} It's a strange day because we have the ADP Unemployment, GDP & then later the FOMC minutes all in one day. If the ADP & GDP come in as expected or better, it could definitely reach for the upper 102's. If that happens then the minutes comes out sounding hawkish, then it could definitely break above 103. Or it could just fly around like something's really going to happen, then it will just revert to wherever it opened and back to range time again (likely imo, unless the reports are way out of expectations)
  • #47,239
  • Edited 7:28am Jul 30, 2014 6:44am | Edited 7:28am
Yesterday Japan's industrial production report came in negative again. This is 5 months in a row. A Japanese official said the last time that occurred was right before Japan went into recession. This could also be causing the yen to weaken, because it could mean that Japan may need to increase QE or extend it longer than expected.

CORRECTION: Japanese Official says Industrial Production shows shipments falling 5 months straight, which is similar to last time Japan entered recession.
  • #47,240
  • Jul 30, 2014 6:46am Jul 30, 2014 6:46am
having breached the descending trend line resistance near 102.20, Can we expect 102.75-80 for UJ? There seems 20 pips gap between supports on the downside, 102.20, 102 and 101.80 (40-EMA on H4).
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