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USD/JPY Discussion

  • #58,141
  • Oct 13, 2015 6:36am Oct 13, 2015 6:36am
Don't know how anyone can say lower or higher with the price action of the last 5 weeks!!!
  • #58,142
  • Oct 13, 2015 6:54am Oct 13, 2015 6:54am
Agree. At the present however there is more evidence that price is going down rather than up.

There is also support at ~ 119.60......
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #58,143
  • Oct 13, 2015 6:59am Oct 13, 2015 6:59am
Quoting SunTrader
Don't know how anyone can say lower or higher with the price action of the last 5 weeks!!!
still short from previous post. Cost is covered. Free ride
  • #58,144
  • Oct 13, 2015 7:39am Oct 13, 2015 7:39am
Quoting Exodus
Agree. At the present however there is more evidence that price is going down rather than up...
Disagree that there is more evidence - either way. Unless you are talking really short term.
  • #58,145
  • Oct 13, 2015 7:41am Oct 13, 2015 7:41am
Quoting SunTrader
{quote} Disagree.
50-day MA has -ve slope
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #58,146
  • Oct 13, 2015 9:37am Oct 13, 2015 9:37am
Hey, look! Nearly back to 120....
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #58,147
  • Oct 13, 2015 10:03am Oct 13, 2015 10:03am
119.87 holding for now ..
  • #58,148
  • Oct 13, 2015 6:35pm Oct 13, 2015 6:35pm
Quoting Exodus
{quote} 50-day MA has -ve slope
Don't know what -ve slope means. I do know it has been range round for weeks and by definition that is no trend up or down.
  • #58,149
  • Oct 14, 2015 1:27am Oct 14, 2015 1:27am
Quoting SunTrader
{quote} Don't know what -ve slope means. I do know it has been range round for weeks and by definition that is no trend up or down.
Sorry, every now and then I use mathematical shorthand forgetting that any number of people may not understand. So here is some explanation and I hope it is not too simplistic.

"-ve" is symbolic for the term or word 'negative', and when applied to gradient or slope it usually means falling or going down as you move from left to right.

Particularly, when applied to the MA on any time-frame, since the MA is going down then the average price must also be going down.
If you look at the price in this post the price peaks over the last 5 weeks have been successively lower, and the lows have been mostly flat with one or two exceptions. I agree that there is not enough gradient to support any statement of 'trend', imho.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #58,150
  • Oct 14, 2015 1:43am Oct 14, 2015 1:43am
Whats wrong with Japan?

from my technical analysis this pair will be drop, But when? i dont know.
Volume from MACD has low from seller power but price still sideway,

Up or Down UJ will give us BIG MOVE but once again i dont know what a trigger.
AM Signal Provider
  • #58,151
  • Oct 14, 2015 1:55am Oct 14, 2015 1:55am
Don't really follow this pair much, but looks like a breakout on Daily...

Could be time for some traps.
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  • #58,152
  • Oct 14, 2015 2:48am Oct 14, 2015 2:48am
Quoting HareshBM
No point in guessing the near-term direction... Consolidating below 200-day SMA after a sharp fall... 121.20-30 remains immediate strong resistance and a break below 118.50 would confirm a retest of August lows... {image}
USDJPY still stuck within the trading range. waiting for a break-out...
  • #58,153
  • Oct 14, 2015 2:59am Oct 14, 2015 2:59am
UsdJpy ====> Sell Stop = 119476 / TP = 119288 / SL = 119909

if this order open ; set Buy Stop with 2* lot size ;

Entry = 119909 / TP = 120129 / SL = 119487

GL
do not stand out in the open with gun ;stand in the bushes with knife..
  • #58,154
  • Oct 14, 2015 4:39am Oct 14, 2015 4:39am
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Is the USD/JPY market remaining in an equilibrium phase, not going above the supply level at 121.00 nor going below the demand level at 119.00.
There must be a journey above the supply level or below the demand level before it can be said that the equilibrium phase is over (which is something that will happen this week or next week).
  • #58,155
  • Oct 14, 2015 7:36am Oct 14, 2015 7:36am
Usd/Jpy is back to around 119.50 levels, the immediate support can be found at 119.50 level. Break below of it, would lead the pair drop to 118.83 level.
  • #58,156
  • Oct 14, 2015 7:43am Oct 14, 2015 7:43am
A few posts to consider, I think this pair is ready for a breakout, and if my Equities analysis is right, they are both going south (*Equities and UJ):

http://www.forexfactory.com/showthre...14#post8538914

http://www.forexfactory.com/showthre...23#post8539723
  • #58,157
  • Oct 14, 2015 8:09am Oct 14, 2015 8:09am
Quoting countdown
UsdJpy ====> Sell Stop = 119476 / TP = 119288 / SL = 119909 if this order open ; set Buy Stop with 2* lot size ; Entry = 119909 / TP = 120129 / SL = 119487 GL
Done
do not stand out in the open with gun ;stand in the bushes with knife..
  • #58,158
  • Oct 14, 2015 9:19am Oct 14, 2015 9:19am
Quoting HareshBM
{quote} USDJPY still stuck within the trading range. waiting for a break-out...
I see free fall if it breaks 118.75.
Money never sleeps I can hear the dollar calling me
  • #58,159
  • Oct 14, 2015 9:25am Oct 14, 2015 9:25am
I took a long. 119.30 is a strong support ​
  • #58,160
  • Oct 14, 2015 9:41am Oct 14, 2015 9:41am
Quoting shivam332
{quote} I see free fall if it breaks 118.75.
well i guess this is it.. for USD/JPY ... turning into a bearish market.. ? i dunno.. iam positioned on an average price of 120.858 .. on the shortside
since the developement of that "hinge" ---

watching this pair closely since several weeks.. for a potential .. multiple K pip down move...


plan is to ride that sucker and stack positions along the way... lets see



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