USD/JPY Discussion

U r more than welcome

Nice buy

Yen is just broke where are we headed to now. I'm hoping 123-125. Or is this a false break and we're headed back down to "normal" levels? What is your positions?

But ultimately we should break out and head to the 125 level given enough time. I believe the pullbacks continue to offer buying opportunities as the US dollar continues to strengthen overall. A stronger than anticipated jobs number on Friday helped this pair go higher, and should continue to do so definitely...

Got in at the shittiest price ever... but I guess I'll keep on holding. Stop at 120.592 but if I have to use it I'll be fucked, lol.

So far, so good. My target is 124.15

pull back

Even if the channel resistance restricts the UJ up-move, near 122.10, the steeply rising ascending trend line, giving support near 121.40 at present, continue signaling pair's up-move.

Sold the usdjpy at 121.97 stop loss is at 122.2 profit target is the 50 fib and support area at 120.693 which makes it a confluence area..

This area is also a double top so if it fails this on the daily we could be in for a big spike down. low risk trade in my opinion.. will see how this plays out

UJ 15M Chart:
Wave c [correction] down to ~121.49?
Cheers, U2

tp of the triangle made but if the end of the 3 wave is 4 now and still 5, kinks 5 wave or 5 wave that equals 1 wave

Gorgeous move back down! currently +40 on the trade see first support at 121.632 is broken next support level is at 121.39... if that breaks we should have a clean run to 120.63 area..

Buy limit at 121.2, It's 61.8 Fibo

Excellent short. Closed trade for +60..has potential for more move down, but ill wait for a valid retracement befor re-entering

My thoughts - if the pair consolidate above the resistance level of 121.80 - buy up to the level of 123.50.

if you break 120 60 it will be a negation of the 5 wave structure

Too soon. I'm watching the dip for new longs. I think it should find support around 120.75 but I'll stand aside until it settles.

Jpy y are so weak ? even USD are very strong recently

I think the weakness in USDJPY in past few hours is due to the worldwide selloff in equities - especially the US and asian markets. There is an uncanny correlation there. Not to confuse correlation with causation, but I think this might be due to the JPY being a major funding currency for equities purchases on leverage, and when these start to unwind, the yen gets a bit stronger.