USD/JPY Discussion

So long since i posted.

here at my moves today.

sorry, please ignore the recommended position at the bottom, just myself telling myself what to do.

My position got creamed. Tough day here.

No mate, I did not try U/J again. See my TE for the positions I am holding. I'm buying USD and selling pairs like EU and Cable. Good Luck.

USDJPY making repeated failed attempts to conquer 125.00 mark. A clear break through seems to immediately shoot the pair towards 125.70-80 resistance with near-term upward upward trajectory expected to continue towards 127.00 mark on a sustained strength above 125.70-80 resistance.

Its like it wants to but hitting resistance.

Then you must be looking at the wrong pair.

125 is broken and momentum points to likely reaching, at least, June highs of 125.847

May just be a stall and i agree the trend is up over all. But way up. Screen shots. D, h4, h1

tricky and time is winding down. If daily closes above my red line then i agree to 70-80ish

Usd/Jpy is losing its upward momentum, currently consolidating just above 125 level.

On a 5 minute chart - maybe.

And now obviously not even on a 5 minute chart.

The highest the USDJPY hit was around 125.8 in recent times. Unlikely that it would shoot through that.

Agree. Most likely it will come close. Retrace. Then break through.

Unless the up trend fails at some point. Though that doesn't appear to be happening any time soon.

Another big drop......China selling USD?

Crazy.... Very strange pair lately.

China is restricting the purchase of USD......damned it!

Lets see how US market react to this.....further slide?

What do you think now? Now i wonder if you were looking at the right pair.

A nearly 5% totally unexpected devaluation by China changed everything - throughout the world. You did notice right?

fib retracement / trend line resistance anyone?

So who's in for shorts ???