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USD/JPY Discussion

  • #58,901
  • Jan 4, 2016 2:47am Jan 4, 2016 2:47am
Sorry to be late with any reply, I was enjoying time with my family.

At times the US government, and its individual members, have shown scant regards for events outside the US, thereby earning the reputation for being the world's largest island. So here is one instance of a downgrading of the US credit rating, read it quick before the CIA edits the prose.

This however was the most recent instance in my mind, and it seems that the worst effect was a threat from Fitch who put the rating on 'watch'.

Quoting KillerWhale
{quote} I mean I'm one of those idiots that have no TV
...well I hope you listen to the radio....
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #58,902
  • Jan 4, 2016 2:19pm Jan 4, 2016 2:19pm
Looks like we came pretty close to that 118.50 level. I've got a low of 118.70 for today.

Wait for 120.00-10 if you want to sell again in the short term.


Quoting ContxtTrader
These is a massive head and shoulders set up on the daily chart. There's also no stimulus coming from the BoJ in the near future. The break of the up trend at the end of last week was a big signal. We could see 118.50 pretty soon. {image}

The weekly chart is looking ugly. Were well into the cloud support. Will be interesting to see if we ever hit 118.30 and if it's solid support.

If it breaks, ideally I'd be buying around 115.50-116 in March-April as that would give you a huge confluence of support.
  • #58,903
  • Jan 4, 2016 2:38pm Jan 4, 2016 2:38pm
  •  Zinot
  • | Joined Dec 2015 | Status: VUIP - Very UnImportant Person | 138 Posts
Quoting ContxtTrader
Looks like we came pretty close to that 118.50 level. I've got a low of 118.70 for today. Wait for 120.00-10 if you want to sell again in the short term. {quote} The weekly chart is looking ugly. Were well into the cloud support. Will be interesting to see if we ever hit 118.30 and if it's solid support. If it breaks, ideally I'd be buying around 115.50-116 in March-April as that would give you a huge confluence of support.
still short... think the last hours and the following will build a ratracement not a reversal...
Insanity: doing the same over and over again & expecting different results!
  • #58,904
  • Jan 4, 2016 2:42pm Jan 4, 2016 2:42pm
@Zinot There could deffo be a retracement, but will be picking my spots

Here's the chart that was supposed to go in the previous post.
Attached Image (click to enlarge)
Click to Enlarge Name: jpy.png Size: 79 KB
  • #58,905
  • Jan 4, 2016 2:46pm Jan 4, 2016 2:46pm
Let's see if this pair is going for another dive in the Asian session.....

118.30 looks like a reasonable support.
  • #58,906
  • Jan 4, 2016 3:03pm Jan 4, 2016 3:03pm
Agree good support @ mid 18, really interested to see what happens in china during the Asian session.....
btw ..long @ 118.8x
don't get in love with pairs ... up or down is the same pip value
  • #58,907
  • Jan 4, 2016 8:09pm Jan 4, 2016 8:09pm
From Nov2015 up to now, the USD/JPY range is from 118.7x to 123.7x, which is the Japan gov's 5-Yen profit range for buy/sell-USD.
  • #58,908
  • Jan 4, 2016 9:23pm Jan 4, 2016 9:23pm
If the current bull holds till euro and US session, this pair is likely to rise...IMO
  • #58,909
  • Jan 5, 2016 3:22pm Jan 5, 2016 3:22pm
Hello
Its lonely in here, the eur/usd thread has 40 plus people at all times ...right now I'm all alone.
So anybody has any ideas on whats going on with the jpy.
It was stuck at the 119 level +/- 20 pips most of the day. so boooring

helllloooo echo,,,,, echo
don't get in love with pairs ... up or down is the same pip value
  • #58,910
  • Jan 5, 2016 3:40pm Jan 5, 2016 3:40pm
typical for usd/jpy this time of day, i see 3 failed attempts to push past 119.10 ,with no success but see the bottom short term intra day trend line rising, sooo, gotta wait
  • #58,911
  • Jan 5, 2016 3:44pm Jan 5, 2016 3:44pm
Quoting Hollyforex
Hello Its lonely in here, the eur/usd thread has 40 plus people at all times ...right now I'm all alone. So anybody has any ideas on whats going on with the jpy. It was stuck at the 119 level +/- 20 pips most of the day. so boooring helllloooo echo,,,,, echo
too early to go long.
people tend to follow bigger price channels / trends...

when risk off = UJ skyrocket
  • #58,912
  • Jan 5, 2016 3:53pm Jan 5, 2016 3:53pm
Quoting gofishin
typical for usd/jpy this time of day, i see 3 failed attempts to push past 119.10 ,with no success but see the bottom short term intra day trend line rising, sooo, gotta wait
Thanks for the response, I couldn't make out if was pushing up or 2 failed attempts to get through 118.8 ish level.
Well I'm already long but can come out fast.... I'll keep an eye on the resistance levels.
Merci to both
don't get in love with pairs ... up or down is the same pip value
  • #58,913
  • Jan 5, 2016 4:40pm Jan 5, 2016 4:40pm
Sitting on Daily and longer term Weekly support:
Attached Image(s) (click to enlarge)
Click to Enlarge Name: UJ Daily Support.png Size: 41 KB
Click to Enlarge Name: UJ Weekly Support.png Size: 44 KB
  • #58,914
  • Jan 5, 2016 4:42pm Jan 5, 2016 4:42pm
  •  Zinot
  • | Joined Dec 2015 | Status: VUIP - Very UnImportant Person | 138 Posts
with that RSI and the upcoming PA of tomorrow we will heading north... but as said... tomorrow will show definitly...
Insanity: doing the same over and over again & expecting different results!
  • #58,915
  • Jan 6, 2016 2:21am Jan 6, 2016 2:21am
Possible turning point ...........
Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYDaily.png Size: 45 KB
  • #58,916
  • Jan 6, 2016 2:32am Jan 6, 2016 2:32am
Quoting Hollyforex
Hello Its lonely in here, the eur/usd thread has 40 plus people at all times ...right now I'm all alone. So anybody has any ideas on whats going on with the jpy. It was stuck at the 119 level +/- 20 pips most of the day. so boooring helllloooo echo,,,,, echo

Inserted Video
Losers Hope, Winners Believe
  • #58,917
  • Jan 6, 2016 2:33am Jan 6, 2016 2:33am
the jpy is the only major currency which looks bullish against the dollar technically it looks very bullish and the charts set ups IMO suggest to further USDJPY down side
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #58,918
  • Jan 6, 2016 2:39am Jan 6, 2016 2:39am
Quoting ContxtTrader
@Zinot There could deffo be a retracement, but will be picking my spots Here's the chart that was supposed to go in the previous post. {image}

this looks like H&S and the support line looks like the neck line
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #58,919
  • Jan 6, 2016 3:01am Jan 6, 2016 3:01am
Quoting Shiv999
{quote} https://www.youtube.com/watch?v=6EEW-9NDM5k

-20 pips and I aint lonely no more

damn China
don't get in love with pairs ... up or down is the same pip value
  • #58,920
  • Jan 6, 2016 3:05am Jan 6, 2016 3:05am
Quoting Hollyforex
{quote} -20 pips and I aint lonely no more damn China
Grab a beer and chill... Shit happens...
Losers Hope, Winners Believe
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