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USD/JPY Discussion

  • #54,481
  • Jan 12, 2015 3:44am Jan 12, 2015 3:44am
Waiting for retrace short, resistance hit.
  • #54,482
  • Jan 12, 2015 4:20am Jan 12, 2015 4:20am
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  • #54,483
  • Jan 12, 2015 4:50am Jan 12, 2015 4:50am
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  • #54,484
  • Jan 12, 2015 7:01am Jan 12, 2015 7:01am
If a retrace on 1H towards 118.70 area happens and bounces from there it is guaranteed that price will reach above 119.45 and even higher towards 119.92

On hourly chart I see various flat bed clouds on Ichimoku (they act like a magnet and price generally runs away from them in form of strong rallies or swings back towards them like a magnet effect), therefore the market can be choppy here these days since we are in some sort of 4th wave on hourly chart. 30 min. or 1H traders be careful.. don't get whipsawed...

Happy Trades
Focus only on what truly matters!
  • #54,485
  • Jan 12, 2015 7:04am Jan 12, 2015 7:04am
Reversal from 118 fuelled the UJ towards testing above 119; however, descending trend-line, near 119.60, can restrict the pair's immediate up-move, breaking which it can immediately test 120.80.
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  • #54,486
  • Jan 12, 2015 7:44am Jan 12, 2015 7:44am
I agree with you. I set a buy limit order at 118.70. Although the price is falling at 118.70 there is a resistance level so i set an order there. Take profit 20 pips and stop loss 118.50 (again 20 pips)

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  • #54,487
  • Jan 12, 2015 7:46am Jan 12, 2015 7:46am
SP500 gap spot market closed the gap I think the USD JPY down for SP500
  • #54,488
  • Jan 12, 2015 8:37am Jan 12, 2015 8:37am
this pair has become a bit more hard to trade for me...

tokyo sesison was quiet, london came in buying.. now US comes in selling, no real big news moving the pair



happy monday folkks
  • #54,489
  • Jan 12, 2015 8:39am Jan 12, 2015 8:39am
So down it goes!
  • #54,490
  • Jan 12, 2015 8:39am Jan 12, 2015 8:39am
Look, it will go further than 291 I hope GBP/JPY following suit
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  • #54,491
  • Jan 12, 2015 8:56am Jan 12, 2015 8:56am
Nice + 40 pips
  • #54,492
  • Jan 12, 2015 9:33am Jan 12, 2015 9:33am
Quoting Liam0530
this pair has become a bit more hard to trade for me... tokyo sesison was quiet, london came in buying.. now US comes in selling, no real big news moving the pair happy monday folkks
It was a holiday in Japan. London decided to run stops on everyone since it appeared like a drop was coming, so plenty of stops above to run. Didn't come close to matching the high from Friday, and now the US & London shorting it back down now that they have good positions above 119?

Position trading not so easy right now, scalping's probably the way to go currently.
  • #54,493
  • Jan 12, 2015 9:54am Jan 12, 2015 9:54am
Quoting Ata-Turkoglu
If a retrace on 1H towards 118.70 area happens and bounces from there it is guaranteed that price will reach above 119.45 and even higher towards 119.92 On hourly chart I see various flat bed clouds on Ichimoku (they act like a magnet and price generally runs away from them in form of strong rallies or swings back towards them like a magnet effect), therefore the market can be choppy here these days since we are in some sort of 4th wave on hourly chart. 30 min. or 1H traders be careful.. don't get whipsawed... Happy Trades
As time passed we watched that 118.70 couldn't hold.. now if it will be retested.. if 118.60/70 zone acts as a solid resistance then we definitely will retest 118.000 BRN soon..

Happy Trades
Focus only on what truly matters!
  • #54,494
  • Jan 12, 2015 10:21am Jan 12, 2015 10:21am
Quoting teddybomber
{quote} It was a holiday in Japan. London decided to run stops on everyone since it appeared like a drop was coming, so plenty of stops above to run. Didn't come close to matching the high from Friday, and now the US & London shorting it back down now that they have good positions above 119? Position trading not so easy right now, scalping's probably the way to go currently.
agree
  • #54,495
  • Jan 12, 2015 12:10pm Jan 12, 2015 12:10pm
If 118 breaks.. next target 117.70/60

Happy Trades
Focus only on what truly matters!
  • #54,496
  • Edited 12:36pm Jan 12, 2015 12:19pm | Edited 12:36pm
zigzag VS SP500 h4
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  • #54,497
  • Jan 12, 2015 12:35pm Jan 12, 2015 12:35pm
Quoting Ata-Turkoglu
If 118 breaks.. next target 117.70/60 Happy Trades

if broken support
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  • #54,498
  • Jan 12, 2015 1:48pm Jan 12, 2015 1:48pm
caution bulls, bonds have a story to tell ( US10y at 1.907 )
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  • #54,499
  • Jan 12, 2015 2:01pm Jan 12, 2015 2:01pm
EU and GU show bullish sign
USDCHF and USDJPY show bearish sign

and Aussie Bearish Sign
  • #54,500
  • Jan 12, 2015 3:05pm Jan 12, 2015 3:05pm
In real I don't see any bullish or bearish sign. Ausie jumping down un up, but that is correction, may also go up. Waiting for correction USD/JPY 118.85, SL 18.10.
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