USD/JPY Discussion

just for the hell of it, is that a double top formed on the 4h?

im liking the way the daily and weekly chart is looking for the bulls,
north is coming.

107.30 has been breached, next target is 107.50.

wtf ? 107.3 hasn't been hit yet. 107.245 was the highest it hit and it wont hit higher than that. too much RSI and stochastic right now.

lol what you mean 107.245 was highest hit? Are you blind?

Technicals don't mean much at this point in time. All eyes are on the Fed, watching for the end of QE3. Any delay will send the dollar tumbling down.

It needs to clear this Monday's high first.

im showin 107.36 cuz it jus missed my sell at 107.37 for half position from 106.76

negative french pmi comes in lower then forecasted, more bad for euro but it is also taking down U J with it

Looks like we'll be scalping the range this morning then...

now this suckers moving!

eur data jus pushed this up, notice that when the eur has good data, this pair goes up, (hence the danger of global economic slowdown)

lets see if claims in a few hours can keep this to the upside

My long kicked in @ 107.400 so I hope it can break through 107.50

Yes, this is looking good

Closed order to TP @ 107.60 - Let's see if we can catch it back down.

fucking JAP MAJOR

Would be very surprised of it falls below 107.50

Hi

As a newbie here and a fairly new forex trader i really appreciate this page. Thanks for all the updates, is there anyone here that thinks that this could bounce off this level and retrace until 106.500. I have a signal provider who is telling me to sell now but it seems a strange decision. what are your views ??

Looks like we are back to using UJ as a prop to make certain no one ever takes a loss in stocks.
It is only a matter of time before there is some tipping point.

Hi Orly
what do you think the upper level limit before the tipping point is ??

The PA and volume of the current bullish movement of this pair seems to be weak, in my opinion. Especially, the last breakout was caused by positive EU data. I guess that the market tend to be waiting for tonite heavy impacted US data and tmr New Home Sales too. I keep my bias of long term bullish in this pair but for now, i see no strength in its movement.