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USD/JPY Discussion

  • #49,961
  • Nov 9, 2014 6:30pm Nov 9, 2014 6:30pm
Quoting smash1820
{quote} That's pretty good. But notice he said the dollar-yen "could" reach 120, not it "will" reach 120. I've been saying G/J will go to 251 for the last year or so. At this point, it may be a stretch still, but certainly not impossible considering how weak the yen really is. But even 120 U/J is not likely by the end of 2014... (well, I suppose it can happen with the winter/holiday sales coming up, maybe it would strengthen USD? who knows) Anyways, many people make calls like this and are right. Look at my signatures (ie: GJ) if you don't believe...
True..
  • #49,962
  • Nov 9, 2014 6:31pm Nov 9, 2014 6:31pm
Quoting sam69
{quote} 114.31 broken...
Meeting in Asia this week so I reckon that the Japanese will prop up their weak YEN to yield from pressure from ther countries at the meeting. Once the meeting is over and they leave the selling will resume lol..
  • #49,963
  • Nov 9, 2014 7:06pm Nov 9, 2014 7:06pm
Looking for buy but I don't know where. If price continues to drop, it wouldn't be bullish anymore according to my strategy.
  • #49,964
  • Nov 9, 2014 7:13pm Nov 9, 2014 7:13pm
Quoting marshalmax
it does seem to drop during Asian and recover during US so we'll see later in the day.
That usually means the U.S. supports a weaker YEN or pretty much a green light from the US.
  • #49,965
  • Nov 10, 2014 3:03am Nov 10, 2014 3:03am
Quoting Unabletrader
Looking for buy but I don't know where. If price continues to drop, it wouldn't be bullish anymore according to my strategy.
Waiting is a trader's best tool
  • #49,966
  • Nov 10, 2014 3:52am Nov 10, 2014 3:52am
Having breached important support level of 114.40, the USDJPY can now target 112.60 on the downside. However, a reversal above 114.40, and closing above 114.60, can provide fuel to the USDJPY rally towards surpassing 115 level.
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  • #49,967
  • Nov 10, 2014 4:11am Nov 10, 2014 4:11am
Quoting Fx_Anil
Having breached important support level of 114.40, the USDJPY can now target 112.60 on the downside. However, a reversal above 114.40, and closing above 114.60, can provide fuel to the USDJPY rally towards surpassing 115 level. {image}
There is also a double-top on 1hour chart.
  • #49,968
  • Nov 10, 2014 5:17am Nov 10, 2014 5:17am
Quoting MrketSniper
{quote} There is also a double-top on 1hour chart.
Great, near 115.40
  • #49,969
  • Nov 10, 2014 6:59am Nov 10, 2014 6:59am
Bought

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Money moves the market, not an indicator.
  • #49,970
  • Nov 10, 2014 7:40am Nov 10, 2014 7:40am
Quoting andoseg2
Bought {image}
I think if we do not climb past 114.80 then we reverse and drop.
  • #49,971
  • Edited 9:56am Nov 10, 2014 8:18am | Edited 9:56am
Update : 116.694 SL exit for 1/2 loss before SL hit , moved

New long pending :

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Money moves the market, not an indicator.
  • #49,972
  • Nov 10, 2014 8:21am Nov 10, 2014 8:21am
I'm also longing. If it can go above 115 before US market close, we can look into psychological number 115.5 and 116.
  • #49,973
  • Edited 10:46am Nov 10, 2014 10:13am | Edited 10:46am
Quoting andoseg2
Update : 116.694 SL exit for 1/2 loss before SL hit , moved New long pending : {image}
Update :
NEw SL adjusted to 114.761
It seem SL will not be hit and price recover - i will cover the position once I get some advance from here :

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Money moves the market, not an indicator.
  • #49,974
  • Nov 10, 2014 11:11am Nov 10, 2014 11:11am
Next stop is 116, a retrace maybe to about 115.5x and then up to 118. Have a great week guys!
Good luck and may the odds be ever in your favor!
  • #49,975
  • Nov 10, 2014 11:32am Nov 10, 2014 11:32am
Quoting dbutton1990
Next stop is 116, a retrace maybe to about 115.5x and then up to 118. Have a great week guys!
market makers always have the advantage to see our stop losses, (117.4 is mine, shorted from 115)
but yen its extremely overbought now,
without significant news price is very difficult to stay above 115 for long time
i will wait for 110 untill the end of the year
  • #49,976
  • Nov 10, 2014 11:34am Nov 10, 2014 11:34am
Quoting Clusiot
{quote} It'll take 111.58 to get me back in. I've become rather attached to the 430 pips I grabbed week before last and won't be returning them!
gratz man and wise choice there
  • #49,977
  • Nov 10, 2014 11:42am Nov 10, 2014 11:42am
hold never fold, held onto my long from 114.8, hedged another lot at 114.1, worked out lovely

nice start to the week, i expect a bit of ranging all week long till end of the week.

bulls jumped back in at the 114 level, NICE

  • #49,978
  • Nov 10, 2014 11:48am Nov 10, 2014 11:48am
trend is your friend, havent shorted this pair once yet

cool story here

http://www.marketwatch.com/story/why...ner-2014-11-10
  • #49,979
  • Nov 10, 2014 11:59am Nov 10, 2014 11:59am
Gidday Yen Masters

Yen Gods have returned

Thinking 115.4 would be good

Still holding to smaller longs with are opened right up 117+

If the EUR/US bounce to 1.25+ etc

more than likely see the retrace

So pending longs lower down
  • #49,980
  • Nov 10, 2014 1:12pm Nov 10, 2014 1:12pm
I have short opened at 114.92 to 11401
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