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USD/JPY Discussion

  • #50,301
  • Nov 16, 2014 6:20pm Nov 16, 2014 6:20pm
Quoting thegmann
{quote} don't think well see 113 this year although itd be nice.
We may see 113ish in 24 to 48 hrs
  • #50,302
  • Nov 16, 2014 6:22pm Nov 16, 2014 6:22pm
Quoting rk1111
{quote} We may see 113ish in 24 to 48 hrs
elaborate on why you see that?
  • #50,303
  • Nov 16, 2014 6:23pm Nov 16, 2014 6:23pm
Quoting Liam0530
{quote} elaborate on why you see that?
Just. Feel. The. Volatility...

Like I said... downside move is fine as long as volatility remains curbed... this is getting messy...
Build good relationships with others.
  • #50,304
  • Nov 16, 2014 6:24pm Nov 16, 2014 6:24pm
price action here is def telling me we are in for more news this week by BoJ ... so it is only right to have a contraction before the next high up.. IMO
  • #50,305
  • Nov 16, 2014 6:26pm Nov 16, 2014 6:26pm
Quoting Liam0530
{quote} elaborate on why you see that?
With Massive stimulus GDP down to 2010- 11 levels. So additional stimulus will not help.. banks will dump this until they see some uptick activity in the economy.

Bad Economy yen gets stronger....
  • #50,306
  • Nov 16, 2014 6:27pm Nov 16, 2014 6:27pm
Quoting rk1111
{quote} With Massive stimulus GDP down to 2010- 11 levels. So additional stimulus will not help.. banks will dump this until they see some uptick activity in the economy. Bad Economy yen gets stronger....
Risk-off is also consistent with recent bullish activity in AUD/USD
Build good relationships with others.
  • #50,307
  • Nov 16, 2014 6:29pm Nov 16, 2014 6:29pm
Quoting rk1111
Next Stop 115.60
Ok Next station at 115.10 will reach there in 8 hours....
  • #50,308
  • Edited 6:31pm Nov 16, 2014 6:30pm | Edited 6:31pm
Oanda Position Ratio past 60 minutes: 51.59, 51.63, 51.12 Nervous edge setting in. Will it hold? Automatic profit taking should stall a hard fall or at least cushion the angle of decline. I have been bearish yen for days now on shallow retraces, however this cat is tip toeing in the window around these mouse traps. Watch the tail.. You will see when she is leveling out and you longer's can get a bit more pie out of it.
"Look Left Think Right"
  • #50,309
  • Nov 16, 2014 6:31pm Nov 16, 2014 6:31pm
I still don't see anything exciting yet. Currently bouncing around the 61.8% fib level of last upswing.

Now if it shows it wants to go down from here, then maybe 115 would be in view.

I bought at 115.68. Watch current level. I think it goes up from here...
  • #50,310
  • Nov 16, 2014 6:33pm Nov 16, 2014 6:33pm
Ehhhh.....very bearish tone on 4hr....not good
Good luck and may the odds be ever in your favor!
  • #50,311
  • Nov 16, 2014 6:34pm Nov 16, 2014 6:34pm
I'm short targeting the idk level haha. Play it by ear I guess
Good luck and may the odds be ever in your favor!
  • #50,312
  • Nov 16, 2014 6:36pm Nov 16, 2014 6:36pm
dollar bears across the board ... uh oh
  • #50,313
  • Nov 16, 2014 6:40pm Nov 16, 2014 6:40pm
S1 115.31
S2 114.90
S3 113.85
S4 113.17

Id say 113.85 looks pretty appealing to me
Good luck and may the odds be ever in your favor!
  • #50,314
  • Nov 16, 2014 6:43pm Nov 16, 2014 6:43pm
Quoting Liam0530
dollar bears across the board ... uh oh
Probably will be bearish for the USD until Monday morning comes and New York wakes up. Oh, and Draghi's little speech about the Euro could move the USD.

Still, I'm not worried, even with risking higher percentages of my account. Unless, of course, the USD/JPY decides to dip below 110.....but I doubt that. Japan's economy has all but declared recession, and with U.S. data looking more promising than expected, there's little chance of seeing a 700 pip drop correction.

If anything, I WANT the USD/JPY to drop. I regret taking profit on a 116.9 short early in the game (took it around 116.25), but I added another at 116.1. Stop loss will be triggered at 116.3.

ALL HAIL ABE SHINZO AND HIS FAIL-TACULAR ABENOMICS!
  • #50,315
  • Nov 16, 2014 6:43pm Nov 16, 2014 6:43pm
Strong buying 115.50
  • #50,316
  • Edited 7:01pm Nov 16, 2014 6:44pm | Edited 7:01pm
115.55 USD/JPY

First we took out the weak shorts and now its the longs turn.

The US$ bulls could be in for a bit more pain as this zone still looks long to me.
I wouldn't be surprised to see a 114 in front of it today.

If in doubt stay out
  • #50,317
  • Nov 16, 2014 6:48pm Nov 16, 2014 6:48pm
Fib level held. Also at a trend line that has found support several times over past couple weeks.

However, I'll need to see some bullish candles on H1 chart to maintain confidence...
  • #50,318
  • Nov 16, 2014 6:50pm Nov 16, 2014 6:50pm
Quoting shellsnail
{quote} Just. Feel. The. Volatility... Like I said... downside move is fine as long as volatility remains curbed... this is getting messy...
It. Feels. Less. Volatile.
  • #50,319
  • Nov 16, 2014 6:54pm Nov 16, 2014 6:54pm
Anyone going to bet if it's going down or up?


They always appear after the price has moved and give their analysis.
  • #50,320
  • Nov 16, 2014 6:57pm Nov 16, 2014 6:57pm
Quoting forex_fairy
Anyone going to bet if it's going down or up? They always appear after the price has moved and give their analysis.
If only you were a real Forex Fairy - then you could probably tell me up or down before the move :-)
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