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USD/JPY Discussion

  • #48,881
  • Oct 8, 2014 9:37am Oct 8, 2014 9:37am
Quoting Fx_Anil
IMHO, the pair is more in favor of the downside than the otherwise case as per the descending trend line. A break of 107.50 can cause the pair to decline towards 105.50 levels. However, a break of 108.50 can re-fuel it towards 110. {image}
I agree, UJ seems have completed its correction and break above 108.50 may show a confirmation of up-trend which would target the 110 level.
  • #48,882
  • Oct 8, 2014 11:28am Oct 8, 2014 11:28am
Yes, correction is complete and the upside potential........
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  • #48,883
  • Oct 8, 2014 11:46am Oct 8, 2014 11:46am
Quoting Trendzalore
Looking bleak right now but I took a Binary trade looking for the pair to touch 109.25. If it gets anywhere near that by friday I will have a good week.
Will it be a good week or nah? I guess i'l find out soon enough. Maybe FOMC can say something that will get the ball rolling.
  • #48,884
  • Oct 8, 2014 12:12pm Oct 8, 2014 12:12pm
108.9 to 109.22 looks to be the only barrier in the way. If it is to move up.
  • #48,885
  • Oct 8, 2014 12:32pm Oct 8, 2014 12:32pm
Quoting Trendzalore
Looking bleak right now but I took a Binary trade looking for the pair to touch 109.25. If it gets anywhere near that by friday I will have a good week.
Less bleak now
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  • #48,886
  • Oct 8, 2014 12:43pm Oct 8, 2014 12:43pm
Quoting MrketSniper
I will buy this pair near 107.9 and put a stop-loss at 107.6.
Closing my long before FOMC. may consider short it around 108.8
  • #48,887
  • Oct 8, 2014 12:44pm Oct 8, 2014 12:44pm
Quoting Exodus
{quote} Less bleak now
Yes less bleak now lol. However, there are some sellers at 108.9 to 109.22 its a matter of how strong they are.
  • #48,888
  • Oct 8, 2014 1:05pm Oct 8, 2014 1:05pm
Quoting MrketSniper
{quote} Closing my long before FOMC. may consider short it around 108.8
Got a short at 108.72. Looking forward to see 107.7.
  • #48,889
  • Oct 8, 2014 1:13pm Oct 8, 2014 1:13pm
Quoting MrketSniper
{quote} Got a short at 108.72. Looking forward to see 107.7.
Game is being played right now. Sellers at 108.9 zone took control for now, but the last day has shown buyers at 107.80 to 108 zone. Sellers may have all been absorbed in this zone. Otherwise you may get your TP pretty fast lol.
  • #48,890
  • Oct 8, 2014 1:18pm Oct 8, 2014 1:18pm
Quoting Trendzalore
{quote} Game is being played right now. Sellers at 108.9 zone took control for now, but the last day has shown buyers at 107.80 to 108 zone. Sellers may have all been absorbed in this zone. Otherwise you may get your TP pretty fast lol.
I am looking for a target under 107.
  • #48,891
  • Oct 8, 2014 1:20pm Oct 8, 2014 1:20pm
Quoting Trendzalore
{quote} Game is being played right now. Sellers at 108.9 zone took control for now, but the last day has shown buyers at 107.80 to 108 zone. Sellers may have all been absorbed in this zone. Otherwise you may get your TP pretty fast lol.
Yeah, what a game indeed. AUD knocked down so low earlier this NY session, was a great bargain! As were A/J and A/Chf. Missed it though!
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  • #48,892
  • Oct 8, 2014 1:20pm Oct 8, 2014 1:20pm
Quoting MrketSniper
{quote} I am looking for a target under 107.
You are already in about 50 pips profit. I would suggest at least setting SL to break even in case the price moves against you. Good trade.
  • #48,893
  • Oct 8, 2014 1:26pm Oct 8, 2014 1:26pm
Quoting Trendzalore
{quote} You are already in about 50 pips profit. I would suggest at least setting SL to break even in case the price moves against you. Good trade.
already did.
  • #48,894
  • Oct 8, 2014 1:45pm Oct 8, 2014 1:45pm
USD/JPY holding pretty well compare to others
  • #48,895
  • Oct 8, 2014 1:52pm Oct 8, 2014 1:52pm
Quoting Compulsive
USD/JPY holding pretty well compare to others
Yes exactly. I am eyeing this area to see if this is a good spot to buy. I will look at my charts after the NY close. I think sellers are dried up down here. I have my Binary trade already in place so I may sit this one out on spot account.
  • #48,896
  • Oct 8, 2014 2:27pm Oct 8, 2014 2:27pm
Does this movement in the pairs constitute a new trend or what is going to happen for the coming month. is this news as serious as NFP?
  • #48,897
  • Oct 8, 2014 2:28pm Oct 8, 2014 2:28pm
i knew the minutes were going to push price down, still in since i came in at 108.0 but im starting to be iffy of my Eur/usd short..
  • #48,898
  • Oct 8, 2014 2:42pm Oct 8, 2014 2:42pm
Gidday Yen gamblers

Yeah bit top heavy

Better grow a pair

An suck it up for a few days

To Greedy
  • #48,899
  • Edited 3:32pm Oct 8, 2014 3:10pm | Edited 3:32pm
I guess FOMC minutes was a bit of disappointment compare with last week job report, price has been push down testing 108 level.
  • #48,900
  • Oct 8, 2014 5:04pm Oct 8, 2014 5:04pm
Looking at 107.60 for a long going off the hourly and 4hour.
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