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USD/JPY Discussion

Quoting Hkr-wck
{quote} good
right back at ya
"W. D. Gann said that time is the most important factor among all things."
USD/JPY probably would move towards 124/125 level if the USD can push through 121.85.
Quoting csc2009
USD/JPY probably would move towards 124/125 level if the USD can push through 121.85.
This. Everybody brave or crazy enough to be short this pair should have stops near 121.8 and maybe even take the reverse trade. A break would be huge.
Actually you might even try a stop at 121,2. I am currently long with my SL at 120,43, but should we get a second spike at that,886 daily fib line resistance retrace, I will short it for sure ( 2* H4 chart included).)

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Gidday Yen

Never thought my longs would turn green

Been in for months

No reason but had 121.8 TP

An a forest of little ones opened up

in case it keeps going

Weary off these pull backs,so going easy
Thinking about a buy stop at the 122.07 area with a TP at 123.20 while putting the SL to BE if price goes 50 pips positive
Quoting Fadadio
Thinking about a buy stop at the 122.07 area with a TP at 123.20 while putting the SL to BE if price goes 50 pips positive
And what if the price goes to 50 pips negative?
Quoting cimbombom
{quote} And what if the price goes to 50 pips negative?
a SL of course
Quoting Fadadio
{quote} a SL of course
Lol, I just asked because I thought you didn't think about the trade going against you part.
Quoting cimbombom
{quote} Lol, I just asked because I thought you didn't think about the trade going against you part.
I have learned the hard way why stops are needed, tis the journey of most traders
Quoting Fadadio
{quote} I have learned the hard way why stops are needed, tis the journey of most traders
its how she goes.
bull flag, or a triangle
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Quoting Dano12
bull flag, or a triangle {image}
Looking at a Triangle.
^e at 120.83 - 75 [50 to 66% projection of ^d].
Cheers, U2
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Wait, or you will be slaughtered!
Looks like really usdjpy aiming higher next few days ..
@Aymankkhlifat
nice PA, should we go long or short? what do you think ?
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Quoting mellyfx
nice PA, should we go long or short? what do you think ? {image}
as you see it starts to break up ,need some volume to confirm
@Aymankkhlifat
Quoting forexpipss
{quote} as you see it starts to break up ,need some volume to confirm
heading to 121.75 maybe,.
looks like USDJPY is preparing to say bye to 120 level ,manage your risk/rewards and dont miss the train ahead of the Fed rate hike after 3 months from now ,130/35 seen
@Aymankkhlifat
UJ 15min Chart:
Cheers, U2
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Wait, or you will be slaughtered!
The price action over the last 1H bar has been amazing. Does this mean breakout above 121.80 level is in the cards?
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apyamy
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