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USD/JPY Discussion

  • #50,181
  • Nov 13, 2014 10:29am Nov 13, 2014 10:29am
Quoting FXSayWhat
{quote} Watch this JPY's GDP at the beginning of next week. JP top official already predicted if number comes out within range, UJ would aim 118.00 - 120.00
Personally, I don't think those GDP figures are even necessary to reach those levels. The trajectory is already there IMO.

There's also high level events two days later (Wednesday afternoon here). But, I don't expect such shocks to the market.
  • #50,182
  • Nov 13, 2014 1:01pm Nov 13, 2014 1:01pm
This pattern here is definitely a bullish one. I would say that we are nearing the end of consolidation. I would expect a breakout late tonight or tomorrow morning.
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPY.PNG Size: 60 KB
Good luck and may the odds be ever in your favor!
  • #50,183
  • Nov 13, 2014 3:18pm Nov 13, 2014 3:18pm
Quoting dbutton1990
This pattern here is definitely a bullish one. I would say that we are nearing the end of consolidation. I would expect a breakout late tonight or tomorrow morning. {image}
... but in the meantime we can enjoy the channel to catch some pips
Attached Image (click to enlarge)
Click to Enlarge Name: range_mode.png Size: 22 KB
  • #50,184
  • Nov 13, 2014 6:31pm Nov 13, 2014 6:31pm
Quoting dbutton1990
This pattern here is definitely a bullish one. I would say that we are nearing the end of consolidation. I would expect a breakout late tonight or tomorrow morning. {image}

Indeed
  • #50,185
  • Nov 13, 2014 6:31pm Nov 13, 2014 6:31pm
Quoting Liam0530
this is the calm before the storm
here is the storm!

expect a nice bull run next week, this is just the start
  • #50,186
  • Nov 13, 2014 6:32pm Nov 13, 2014 6:32pm
there are sell stops near 116.20 and I don't see this making 117. even if they do more QE now
  • #50,187
  • Nov 13, 2014 6:34pm Nov 13, 2014 6:34pm
This is no storm, it's MMs fucking with you, that climb was outta nowhere Be wise, stay out till tomorrow.
  • #50,188
  • Nov 13, 2014 6:35pm Nov 13, 2014 6:35pm
Quoting Liam0530
{quote} here is the storm! expect a nice bull run next week, this is just the start

anyone is of the view there will be a big gap up when market opens next week?
  • #50,189
  • Nov 13, 2014 6:37pm Nov 13, 2014 6:37pm
If you were wise you would stay away from this pair now
All posts are my personal opinion
  • #50,190
  • Nov 13, 2014 6:38pm Nov 13, 2014 6:38pm
Quoting giveachance
there are sell limits near 116.20 and I don't see this making 117. even if they do more QE now
I am just waiting for a backclash of all this. it will be violent whenever it comes. watch where it stopped 116.198. bastards will get some more chopping near 116.22
  • #50,191
  • Nov 13, 2014 6:42pm Nov 13, 2014 6:42pm
Quoting FXSayWhat
{quote} {quote} {quote} Jobless claim rise was 12K higher, but the 6-week average is still near 40-year low. Overall there are still plenty bull left in dollar. Target 116.00
116.00 is HIT.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #50,192
  • Nov 13, 2014 6:48pm Nov 13, 2014 6:48pm
Got out at 116.17 for 48 pips. I am not going back in on this pair tonight, looks like it might take a dive.
  • #50,193
  • Nov 13, 2014 6:50pm Nov 13, 2014 6:50pm
I see no new news than the same news which is coming again and again over this week. this market has gone crazy now
  • #50,194
  • Nov 13, 2014 6:59pm Nov 13, 2014 6:59pm
Quoting 1MoreCandle
Got out at 116.17 for 48 pips. I am not going back in on this pair tonight, looks like it might take a dive.
Looks like it might try to touch 117 tonight as well
  • #50,195
  • Nov 13, 2014 7:06pm Nov 13, 2014 7:06pm
Out at 116.1 and looking for a pull back to about 115.85 to re-enter long. If it doesn't make it back 115.85 then a strong break of 116.20 and Ill probably go long again.
  • #50,196
  • Nov 13, 2014 7:14pm Nov 13, 2014 7:14pm
Well it finally got through 116 Again..and stalled at the well disclosed area of 116.20 After teetering slowly back and forth going nowhere for a good bit of time.

The cash whores have made their mark on this unit. It's sluggish swagger now is quite expectable being as this thing has run up so much on nothing more than idio economics. This entire scheme to copy the United States with the money machine is only working as most traders are not really interested in the reality behind the "Boogy Man". But rather eager to wear the new fashion with the crowd.

Now that this heavy balloon is without a new clown to carry it I expect as the pull backs to get a little stronger than the current usual 25-50 pips. And if the slightest whisper of intervention, foul up of the locals plan, talking head hashing up some morsel of nothingness It should tank hard to at least 33% of the entire psychotic run it just ground out.
"Look Left Think Right"
  • #50,197
  • Nov 13, 2014 7:18pm Nov 13, 2014 7:18pm
Some fucking storm there. That rally up and pullback looks so predictable....................sureee
  • #50,198
  • Nov 13, 2014 7:20pm Nov 13, 2014 7:20pm
Quoting fxtradeabi
Some fucking storm there. That rally up and pullback looks so predictable....................sureee
yup, reload and do it again
  • #50,199
  • Nov 13, 2014 7:21pm Nov 13, 2014 7:21pm
Quoting Liam0530
{quote} yup, reload and do it again
no way, staying out till its predictable, this is a gamble right now.
  • #50,200
  • Nov 13, 2014 7:23pm Nov 13, 2014 7:23pm
Quoting giveachance
there are sell stops near 116.20 and I don't see this making 117. even if they do more QE now
lol thats a strong statement, even with more QE? and US data coming in better showing signs of raising interest rates sooner then later? plus possible tax hike push back to next year from BoJ? you dont see 117? thats 80 pips away

the medium term target in next month or so is 120... imo
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