USD/JPY Discussion

What a beautiful expected breakout!!!

Well done longs

I would say, watch it as it stabilizes at 119.78 level within next 30min... What then? Will it go to 120.0 level in next 5h or will it reach the same level by about the same time tomorrow? Set you SL and wait as it rolls out.

Attachment

tp 1

We are literally 30 pips away from 120...I expect that once that level is hit, we will see some kind of big movement!

120 by Friday if data is good.

May be sooner then that my friend!

Watch another possible change in 1-1.5h (more towards 1.5h). I say, this is the time of a possible start to climb to 120 level in next 4h, otherwise I expect steady slow climb toward the same level in next 20h. Anyone sees it differently, feel free to interrupt.

UJ gonna drop like flies.

Today should mark the turning point for UJ.....it should get to 120 which would be followed by a sharp retracement...just my 2 cents..

What a move. QE 12 is here for sure.

speedy123

Possible bear trap. Added long with sl below,tp 120.

Nervous now, Great bear in this level.

120 is upon us! Shorts are getting burned calling it a top! Long all day baby!

I think the next 20 pips or so to hit 120.00 may not come as easily as some anticipate.

120 should come within 2 hrs. I have not long this pair since 3000 pips or more lower. Now even less likely i long it. Wait to short pays better now
atm 119.76

Wonder who, or what is manipulating this pair and trying to put Japan out of business. It looks like a massive bubble is forming here. Be careful all you happy go lucky LONGS.

No one?? Maybe just markets doing it job? Have you seen monthly chart? I have as low as 147.
On June 1994 it was 79 and oct 1996 147,does that mean Japan went out of business?

dont care about fundamental news just trade based on technical and makes money

Daily chart attached