USD/JPY Discussion

Good luck to everyone this week!

I did short too, but be careful D sto still has not turned lower yet.
I do not think uj will reach new high this week, but may up before going down to 117sh.
could be wrong.
cheers.

119.80/90 - maybe

I have it marked, I'll try there, shorts that is...and EJ at 146.83/88

Pretty thin though - Japan on holiday.

EJ not sure - EU might have found short term support.

indeed, mostly a drift...staying small, EU looks bearish to me, still...maybe a move above 2301 will change things..

I am watching but not shorting 146.88

I shorted 146.83, risking 10..

and sold some yen at 119.78, risking 16...

That run up was so out of place and garbage knew this was gonna happen, more than twice desperate to break 119.65ish and that squeeze on frid, was obvious 120 was in for Monday.

the results are in...-10

cant say I was a fan of these, yen crosses just not paying me...

Got the same punches on Geppy mate ...

Thin market - price can easily move either way

and the euro might not have been in a good spot either, anyway, next...

on the downside, if we get any that is, I note 119.08...

and next area in EJ I have is 147.61/73...

LO showing Up
Need waiting the second confirmation for breaking upside

U/J was bouncing from strength in one pair to the other. First it was strong off the drop on the G/U, when that started to wane, it then decided to follow the drop off the E/U. When the E/U was going bull again, right back to the G/U it was!

Had a short at 119.84, closed it off at 119.79 when it showed no sign of wanting to drop.

Now it's just chopping away in the 119.85/75 area.

Well, not exactly the start to the week I was looking for, but managed to snag almost 30 on the E/U, so all in all it's a good start to the week.

Not sure where it will stop off next if it goes bull. Next clear point I'm seeing is at 121.25/15, which is pretty far away. Time to sit back and watch, and see what she does over the next couple of days. Probably just going to do nothing but watch for the most part, until I see a nice big jump in one direction to run a reversal off of. Over-trading earlier on this month put a big dent in my account, but as long as I stay patient, I should end up slightly above BE for the month.

120.30 becomes immediate resistance level for the USDJPY.