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USD/JPY Discussion

  • #60,861
  • Aug 8, 2016 10:01am Aug 8, 2016 10:01am
Quoting Exodus
Arguably there is resistance at 102.70 ~ 80
Correct, bud. Fib Expansion 50% on my chart is right on 102.80. ; 38% @ 103.70.
  • #60,862
  • Aug 8, 2016 10:02am Aug 8, 2016 10:02am
Quoting pipcenturion
{quote} I think the resistance at 102.4x has held pretty well. Next level to test is 101.73 IF this level fails to hold as support then we will see 100.95 or even lower.
102.40 is a support now. Good luck.
  • #60,863
  • Aug 8, 2016 10:35am Aug 8, 2016 10:35am
Support/Resistance Levels on 4 hour chart:
Attached Image (click to enlarge)
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  • #60,864
  • Aug 8, 2016 4:45pm Aug 8, 2016 4:45pm
I will be selling this pair below 10275.
Intraday only.
  • #60,865
  • Aug 8, 2016 5:56pm Aug 8, 2016 5:56pm
Quoting navk
I will be selling this pair below 10275.
Are you selling yet 102.5 , watching this level I'm not convinced yet as could go 103
  • #60,866
  • Aug 8, 2016 6:18pm Aug 8, 2016 6:18pm
Quoting Pip-Miner
{quote} Are you selling yet 102.5 , watching this level I'm not convinced yet as could go 103
No, I am not selling at 102.50. But around 102.60 and above, I will consider with stop around 10287.

Let Tokyo to open. We might see some bullish movement.

I will not be in a hurry to sell at 10250.
Intraday only.
  • #60,867
  • Aug 8, 2016 6:19pm Aug 8, 2016 6:19pm
Quoting Pip-Miner
{quote} Are you selling yet 102.5 , watching this level I'm not convinced yet as could go 103
I shorted at 102.45 -- stop is slightly above 102.70 as per resistance you can easily see on the 15-minute:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-08-08 16.16.42.png Size: 270 KB


Could go higher, like you said. But I like the odds here. Also noticing the 5-minute starting to roll over, particularly the SMA cross-over that is seemingly imminent:

Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot 2016-08-08 16.18.47.png Size: 252 KB
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  • #60,868
  • Aug 8, 2016 6:20pm Aug 8, 2016 6:20pm
Quoting Geppy
{quote} I shorted at 102.45 -- stop is slightly above 102.70 as per resistance you can easily see on the 15-minute: {image} Could go higher, like you said. But I like the odds here. Also noticing the 5-minute starting to roll over, particularly the SMA cross-over that is seemingly imminent: {image}
Thanks bro I took the trade
  • #60,869
  • Aug 8, 2016 6:25pm Aug 8, 2016 6:25pm
Quoting Pip-Miner
{quote} Thanks bro I took the trade
Nice. Hopefully we get something out of it. Slow start to the week, that's for sure.
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  • #60,870
  • Aug 8, 2016 6:29pm Aug 8, 2016 6:29pm
Quoting Geppy
{quote} Nice. Hopefully we get something out of it. Slow start to the week, that's for sure.
I'm hanging for gbpjpy to trend down
  • #60,871
  • Aug 8, 2016 6:39pm Aug 8, 2016 6:39pm
Quoting Pip-Miner
{quote} I'm hanging for gbpjpy to trend down
I haven't traded it yet this week, but I'll probably give it a shot if we pop back up toward 133.45
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  • #60,872
  • Aug 8, 2016 7:05pm Aug 8, 2016 7:05pm
Hi everyone,

I expect USDJPY to find support around 102.26

I expect some buying up until 102.57 or slightly higher.

There is s 102.68 resistance that price missed by a few pips yesterday. Once and if that level is tested, I will be more at ease to sell this pair towards 101.73 or lower.
  • #60,873
  • Aug 8, 2016 7:10pm Aug 8, 2016 7:10pm
Quoting pipcenturion
Hi everyone, I expect USDJPY to find support around 102.26 I expect some buying up until 102.57 or slightly higher. There is s 102.68 resistance that price missed by a few pips yesterday. Once and if that level is tested, I will be more at ease to sell this pair towards 101.73 or lower.
I am with you.

But you know If it breaks 10225, selling is the way below 10225.

But I expect to sell above 10260. Let us see.
Intraday only.
  • #60,874
  • Aug 8, 2016 7:16pm Aug 8, 2016 7:16pm
Quoting Pip-Miner
{quote} I'm hanging for gbpjpy to trend down
GBYJPY short looks great for several hundred pips, GBPAUD short as well.
  • #60,875
  • Aug 8, 2016 7:27pm Aug 8, 2016 7:27pm
Quoting navk
{quote} I am with you. But you know If it breaks 10225, selling is the way below 10225. But I expect to sell above 10260. Let us see.
There has been a "polarity change" on 15 minutes chart.

From here, we can expect 102.57 or slightly higher until 102.68

After this, 101.73 should be the next decision point

And then 100.58

Quite interestingly, JPY did the HIGHEST Globex volume yesterday, trading much more than the EUR

Something is certainly cooking on JPY
  • #60,876
  • Aug 8, 2016 7:28pm Aug 8, 2016 7:28pm
this is what the fibo app thinks
Attached Image (click to enlarge)
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  • #60,877
  • Aug 8, 2016 7:32pm Aug 8, 2016 7:32pm
I took a buy on the EURJPY cross

It should pretty well mirror USDJPY's move until after Frankfurt opens
Attached Image (click to enlarge)
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  • #60,878
  • Aug 8, 2016 7:35pm Aug 8, 2016 7:35pm
Quoting Pip-Miner
this is what the fibo app thinks {image}
@ Pip miner,

I recommend that you use the fibo app on the week's range instead of the day's range.

It should produce better result
  • #60,879
  • Aug 8, 2016 7:52pm Aug 8, 2016 7:52pm
Quoting pipcenturion
{quote} @ Pip miner, I recommend that you use the fibo app on the week's range instead of the day's range. It should produce better result
thanks bro , unfortunately i never coded it can not be altered. gbpjpy looking sell after pullback 133.50 or so missed the boat on it
  • #60,880
  • Aug 8, 2016 8:02pm Aug 8, 2016 8:02pm
Quoting Pip-Miner
{quote} thanks bro , unfortunately i never coded it can not be altered. gbpjpy looking sell after pullback 133.50 or so missed the boat on it
All the best bro!
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