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USD/JPY Discussion

  • #51,981
  • Nov 30, 2014 4:42pm Nov 30, 2014 4:42pm
My guess is 120 or beyond by friday close
Good luck and may the odds be ever in your favor!
  • #51,982
  • Nov 30, 2014 4:46pm Nov 30, 2014 4:46pm
Hi all, yes 118.08 sl 117 looks good to go.
  • #51,983
  • Nov 30, 2014 5:58pm Nov 30, 2014 5:58pm
Important area here! If we get rejected we are headed back down to 117.xx
Good luck and may the odds be ever in your favor!
  • #51,984
  • Nov 30, 2014 7:12pm Nov 30, 2014 7:12pm
119 breached!
  • #51,985
  • Nov 30, 2014 7:19pm Nov 30, 2014 7:19pm
Quoting Rizmeister
119 breached!
Yes sir!
Good luck and may the odds be ever in your favor!
  • #51,986
  • Nov 30, 2014 7:24pm Nov 30, 2014 7:24pm
Still not decided on 119 yet though, need to get above this!
Good luck and may the odds be ever in your favor!
  • #51,987
  • Nov 30, 2014 7:25pm Nov 30, 2014 7:25pm
Looks like 119 might get rejected
  • #51,988
  • Nov 30, 2014 7:25pm Nov 30, 2014 7:25pm
Quoting dbutton1990
Still not decided on 119 yet though, need to get above this!

Yep agreed. It is trying!
  • #51,989
  • Nov 30, 2014 7:25pm Nov 30, 2014 7:25pm
I am short USDJPY, think the bulls had enough. Join me if you wish, I am looking for over +200 pips drop.
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
  • #51,990
  • Nov 30, 2014 7:27pm Nov 30, 2014 7:27pm
Quoting Panco
I am short USDJPY, think the bulls had enough. Join me if you wish, I am looking for over +200 pips drop.

"Thinking" is hardly enough to make a decision....I am looking for the 119.7ish level if this can stay above and hold.
  • #51,991
  • Nov 30, 2014 7:28pm Nov 30, 2014 7:28pm
Quoting Panco
I am short USDJPY, think the bulls had enough. Join me if you wish, I am looking for over +200 pips drop.
I would trade that with a very tight stop, if we get above 119 look out!
Good luck and may the odds be ever in your favor!
  • #51,992
  • Nov 30, 2014 7:32pm Nov 30, 2014 7:32pm
Japan data could do the trick!
Good luck and may the odds be ever in your favor!
  • #51,993
  • Nov 30, 2014 7:38pm Nov 30, 2014 7:38pm
My stop is at 120.20. If you look over the monthly chart maybe you will notice why. I was waiting got the monthly close to get the trade it. You know there are elections in Japan on 14 December, right? Maybe that will trigger for long covering. My trade is not fundamental but I think that will be the reason for the selling.
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
  • #51,994
  • Edited 7:43pm Nov 30, 2014 7:39pm | Edited 7:43pm
I had to use a big stop because of the monthly chart, didn't really have much choice.
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
  • #51,995
  • Nov 30, 2014 7:48pm Nov 30, 2014 7:48pm
118.968 is the prior high. So far not a 5 minute close to match this. Came within .001 pip, so close, but no dice. Seems like bears are protecting this level for now...
  • #51,996
  • Nov 30, 2014 7:49pm Nov 30, 2014 7:49pm
Also, look at EURUSD, ready to move up, and GBPUSD as well. USDJPY will take a breather now...
  • #51,997
  • Nov 30, 2014 7:50pm Nov 30, 2014 7:50pm
Alright...I'm out for now...until we break above 119 I don't want to risk going long
Good luck and may the odds be ever in your favor!
  • #51,998
  • Nov 30, 2014 7:50pm Nov 30, 2014 7:50pm
Quoting benaiah
118.968 is the prior high. So far not a 5 minute close to match this. Came within .001 pip, so close, but no dice. Seems like bears are protecting this level for now...
Could be a barrier interest there and the owner placed sell orders to protect it. It happens a lot in Forex just so know you'll know. Usually the options are at round figures like 1.2850 or 119 as in USDJPY.
"The Market is Not Evil, it Simply Separates Dumb People From Their Money."
  • #51,999
  • Nov 30, 2014 7:52pm Nov 30, 2014 7:52pm
Just opened a short with a small stop at 119.05...could retest 117 area now that we have rejected 119
Good luck and may the odds be ever in your favor!
  • #52,000
  • Nov 30, 2014 7:53pm Nov 30, 2014 7:53pm
I still would not short this pair without hedging. EURUSD and GBPUSD both on downtrend, and I don't expect them to turn around on a dime.

Also, GBPJPY looks very bullish in consolidation, which usually pretty closely matches USDJPY in direction...
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