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USD/JPY Discussion

  • #60,661
  • Jul 17, 2016 11:24pm Jul 17, 2016 11:24pm
Quoting Shaikh62
Kindly tell me, today is japan's bank holiday? Will it effect on usdjpy pair? İf yes then how?
Today's Japanese Bank Holiday is Marine Day: "To give thanks to the ocean's bounty." Sounds good, right!

During the Asian session you can see the pair is chopping up and down a little erratically. This is typical holiday behaviour that is exaggerated by the expectation of stimulus to come. By London and NY, Japan only holiday conditions shouldn't make a difference to how the pair trades.

Check out the level price is sitting at on the USD/JPY daily chart, as well as the wicks being printed into resistance showing indecision. Good level.
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  • #60,662
  • Jul 18, 2016 1:12am Jul 18, 2016 1:12am
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Yen in long balance and you should play in balance. Next target it is new pulce to up
  • #60,663
  • Jul 18, 2016 4:31am Jul 18, 2016 4:31am
Hi guys,
I suppose that today it can be an another bull impulse before that the market goes further up or restore.
The microtrend seems bull, I have positioned a buy stop at 105.89 with SL 105.72 and TP 106.42.
Maybe there is bull triangle, however the order will be closed in 4 hours if the market doesn't complete the picture.

Regards
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  • #60,664
  • Jul 18, 2016 11:39am Jul 18, 2016 11:39am
Quoting Vantage FX
{quote} Today's Japanese Bank Holiday is Marine Day: "To give thanks to the ocean's bounty." Sounds good, right!
Yep but not to the whales they keep hunting down and slaughtering - for ummmm research.

Anyway I always ignore markets where a major money center is not open.
  • #60,665
  • Jul 18, 2016 12:46pm Jul 18, 2016 12:46pm
Thanku @vantage fx
  • #60,666
  • Jul 19, 2016 8:20am Jul 19, 2016 8:20am
I think Door has opened for 107 and 108...

Stronger dollar and BOJ's Helicopter is the main story for now...
There's no harm in being smtm wrong especially if one is promptly found out
  • #60,667
  • Jul 19, 2016 8:42am Jul 19, 2016 8:42am
Short at the moment. Waiting for the gap to be filled. SL at 106.80
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  • #60,668
  • Jul 19, 2016 11:36pm Jul 19, 2016 11:36pm
Quoting SunTrader
{quote} Yep but not to the whales they keep hunting down and slaughtering - for ummmm research. Anyway I always ignore markets where a major money center is not open.
I can't believe nobody has quoted this reply yet!
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  • #60,669
  • Jul 20, 2016 4:36am Jul 20, 2016 4:36am
Quoting salifx
I think Door has opened for 107 and 108... Stronger dollar and BOJ's Helicopter is the main story for now...
110 is the target.
Without having an understanding of down, you can never appreciate up.
  • #60,670
  • Jul 20, 2016 4:52am Jul 20, 2016 4:52am
Quoting anonymousey
{quote} 110 is the target.
why 110 ?
  • #60,671
  • Jul 20, 2016 5:43am Jul 20, 2016 5:43am
I think it will reach 107.80 at least, which is (MA)89 on the daily time-frame. It's still very bullish and that is its first target.
  • #60,672
  • Jul 20, 2016 6:08am Jul 20, 2016 6:08am
I insert a buy stop order a 106.93 with sl 106.74 and tp 107.47 that will expire in 3 hours by now if not reached.
Mine are simply point of view.

  1. Maybe will be possible to reach 110 and more but the point is that at 107.50 there is a strong resistence and some very important fibonacci point.

I suppose that if there will be the upside movement there can be a retest of the levels 105.50-106.50 (white channel) so due to the fact of the point 1.
However on 15 M timeframe I have noticed a sideways (seems bull but I am not sure) so this is the reason of the time setting and SL/TP of the buy stop

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  • #60,673
  • Jul 20, 2016 12:25pm Jul 20, 2016 12:25pm
Quoting Devart
I insert a buy stop order a 106.93 with sl 106.74 and tp 107.47 that will expire in 3 hours by now if not reached. Mine are simply point of view. Maybe will be possible to reach 110 and more but the point is that at 107.50 there is a strong resistence and some very important fibonacci point. I suppose that if there will be the upside movement there can be a retest of the levels 105.50-106.50 (white channel) so due to the fact of the point 1. However on 15 M timeframe I have noticed a sideways (seems bull but I am not sure) so this is the reason...
Thats not a good area to buy because we are at 106.67 and that is 61.8% of 111.44 to 98.97.
  • #60,674
  • Jul 20, 2016 1:53pm Jul 20, 2016 1:53pm
climb too easy ... tripped close ??? next target 103.50?
  • #60,675
  • Jul 20, 2016 2:43pm Jul 20, 2016 2:43pm
107 coming up shortly
  • #60,676
  • Edited 8:14pm Jul 20, 2016 8:04pm | Edited 8:14pm
Quoting guernica
{quote} Thats not a good area to buy because we are at 106.67 and that is 61.8% of 111.44 to 98.97.
Yes indeed. Would rather make sense to look for a retrace now that we touched 61.8Targeting 23.6 or 38.2 (of current leg retrace) might be sound idea. Watch RSI and MACD.
  • #60,677
  • Jul 21, 2016 12:55am Jul 21, 2016 12:55am
Quoting Delta1One
{quote} Yes indeed. Would rather make sense to look for a retrace now that we touched 61.8Targeting 23.6 or 38.2 (of current leg retrace) might be sound idea. Watch RSI and MACD.
Even for me, I agree with the prediction.
38.2 is 103.67
23.6 is 101.82
I think more likely 103.67 ... but let's see what they think the ninja!
  • #60,678
  • Jul 21, 2016 1:11am Jul 21, 2016 1:11am
Intervention by the BoJ now looks unlikely. Other programs designed to improve the domestic Japanese economy may raise inward investment.

In which event the Yen could be expected to strengthen.
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  • #60,679
  • Jul 21, 2016 1:22am Jul 21, 2016 1:22am
What do you think?
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  • #60,680
  • Jul 21, 2016 1:41am Jul 21, 2016 1:41am
Quoting Exodus
Intervention by the BoJ now looks unlikely. Other programs designed to improve the domestic Japanese economy may raise inward investment. In which event the Yen could be expected to strengthen.
are they kidding? http://www.nasdaq.com/article/japane...ckage-cm652223
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