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USD/JPY Discussion

  • #59,781
  • Apr 11, 2016 4:46am Apr 11, 2016 4:46am
I think that these are the zones where we can land today. Many resistances that can become supports below actual price. Also bears/bulls are neutral. So I expect more ranging today - maybe some pullback trades can be a good idea today.

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  • #59,782
  • Apr 11, 2016 7:42am Apr 11, 2016 7:42am
Quoting HCooper
I think that these are the zones where we can land today. Many resistances that can become supports below actual price. Also bears/bulls are neutral. So I expect more ranging today - maybe some pullback trades can be a good idea today. {image}
are those levels drawn automatically??? would you be good enough to share indi?

any idea when this (Tentative USD Fed Announcement) would be announce.


i see a lot of up once out of range bound... i intend to buy it below 108 stop below todays low...
There is only one way to learn. It’s through action.
  • #59,783
  • Apr 11, 2016 8:12am Apr 11, 2016 8:12am
Quoting mahfoozah
{quote} are those levels drawn automatically??? would you be good enough to share indi? any idea when this (Tentative USD Fed Announcement) would be announce. i see a lot of up once out of range bound... i intend to buy it below 108 stop below todays low...
No, I draw the S/R zones manually. Simply from swings based on the candles and their wicks. Just simple as that. There are really nice market reactions every day on the S/R zones - take a look.

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  • #59,784
  • Apr 11, 2016 8:25am Apr 11, 2016 8:25am
Quoting HCooper
{quote} No, I draw the S/R zones manually. Simply from swings based on the candles and their wicks. Just simple as that. There are really nice market reactions every day on the S/R zones - take a look. {image}
Good one... i ll try them on my chart... market has gone up... i am buying since morning i think trend has changed now.
There is only one way to learn. It’s through action.
  • #59,785
  • Apr 11, 2016 8:40am Apr 11, 2016 8:40am
Quoting Exodus
{quote} Indeed confirmation is after the fact, but in looking for places where a down turn is likely to baulk they make good targets.
Yes except the poster didn't say that.
  • #59,786
  • Edited 1:00pm Apr 11, 2016 12:58pm | Edited 1:00pm
Quoting geektrader
USDJPY will go to parity, long way down from here still... I guess by end of 2016 we are there. Many brokers are already starting to quote it in 5 digits because of that upcoming scenario.
By parity you mean that USDJPY might hit 100 level, 100 yen = 1 USD
  • #59,787
  • Apr 11, 2016 10:39pm Apr 11, 2016 10:39pm
excuse me bears. could you please allow for a small retracement? please.
  • #59,788
  • Apr 12, 2016 3:04am Apr 12, 2016 3:04am

Quoting ericnyamu
excuse me bears. could you please allow for a small retracement? please.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #59,789
  • Apr 12, 2016 3:48am Apr 12, 2016 3:48am
I take a short.Btw won't go either way...
  • #59,790
  • Apr 12, 2016 8:30am Apr 12, 2016 8:30am
Quoting stylinex
I was in Japan just recently. The main people buying are the tourists which are mainly from China,Hong Kong,Taiwan and Thailand. The locals seem broke these days with little extra money for shopping and spending. Exports were horrible for first quarter. Question now is if there were enough tourists or visitors to make up for the locals which were not spending. To a degree there is but how much this helps inflate the local numbers remains to be seen. As you can see in picture below is that the Chinese are shopping and spending in Japan. Baskets are...
​Not only in Japan, seems to happen everywhere.
  • #59,791
  • Apr 13, 2016 12:38am Apr 13, 2016 12:38am
what r u loking at uj at 113 area?
  • #59,792
  • Apr 13, 2016 11:52am Apr 13, 2016 11:52am
I think YEN should start to depreciate again and head back South. Maybe 110-112 soon again.
  • #59,793
  • Apr 13, 2016 2:16pm Apr 13, 2016 2:16pm
Quoting stylinex
I think YEN should start to depreciate again and head back South. Maybe 110-112 soon again.
You mean USD.
  • #59,794
  • Apr 13, 2016 3:13pm Apr 13, 2016 3:13pm
Couple of scalps lined up off long wicks.
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  • #59,795
  • Apr 13, 2016 7:03pm Apr 13, 2016 7:03pm
Quoting stylinex
I think YEN should start to depreciate again and head back South. Maybe 110-112 soon again.
​Likely, if break above 109.50/60 resistance zone.
  • #59,796
  • Apr 13, 2016 10:08pm Apr 13, 2016 10:08pm
Quoting csc2009
{quote} ​Likely, if break above 109.50/60 resistance zone.
IF U.S. CPI is higher than Japan, it would be a south trend for a while right? Unless BOJ do something(against the market) in the same time.
  • #59,797
  • Apr 14, 2016 1:42am Apr 14, 2016 1:42am
Quoting SunTrader
{quote} You mean USD.
I think he said it correctly, Yen depreciates then UJ moves up.
Carbon-Dioxide: the gas of life! https://youtu.be/ttJBdr6eBuo
  • #59,798
  • Apr 14, 2016 2:14am Apr 14, 2016 2:14am
Correct, if USD/JPY moves up, than USD is strengthening and JPY is weaker and vice versa. By the way we have a nice sideway moves on USD/JPY between the resistance and support.

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  • #59,799
  • Apr 14, 2016 2:28am Apr 14, 2016 2:28am
I have opened two short trades with simple SL above resistance and TP right above support. Let´s see how U/J will go.

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