USD/JPY Discussion

Bad idea. It can catch your stop and move down...

Waiting untill candle close in 30 minutes before making any decision. SL BE just in case.

Good NFP but bad unemployment = possibłe retrace?

shit still moving up shuld retrace....

Bad unemployment # relates to more people coming back into the labor market to look for work. They are optimistic that things will get better for their job hunt.

Of course the unemployment #'s are only for those actively looking for work, and not those that gave up. A better # would be the labor participation rate. It measures those that have jobs against those that don't.

GREEN pips.

Good job who's buying....I'm out.Have a nice weekend.

SL hit on the UJ short and put in a quick sell on EUR/USD. If there was any data to give solid credence to raising rates this was it. I was totally wrong. EUR/USD with the QE now and with the Fed moving in the opposite direction the euro will surely see 1.08 again very soon.

Secured profits at the R:R 1:1 for both long USDJPY and CADJPY. If this continues to move I will try to follow it.

I know that som proffesionals have 135 as a target for USDJPY. Anyone have any ideas to how far it can go?

had a short at 124.770 but put my stop at 125.13. Wow I wasn't expecting that large of a gap... I'm going to short afte this wave 5 is finished

Closed half my orders close to top.
Imo there's no more liquidity or news to push it that much higher today. Most probably some retrace monday/tuesday, good time to catch a new long position or two. Great to know 125 is the new support.
Imho 127.8-128.2 till summer, 132-135 by year end. But the hell I know, anything can happen.

GL all and have a fun weekend!

hard to tell how far it goes but the next resistance on my chart is 125.81 but I caught a sell at 125.7 with 2 lots open right now will close for a small profit if it doesn't move down soon

Ok, thanks for the reply. Going tight with the stop, looking at the 15m.

Securing 115 pips. Risking 10 pips for the pair to rise more.

Good weekend to you all..

How ow do we know when wave 5 is complete?

Don't fight the trend. Why try to call a top when it easier to just ride along?

H1 chart might be currently complete for a minor wave 3 of a higher level Wave 5. If so wave 4 and 5 of Wave 5 left, then correction: