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USD/JPY Discussion

  • #60,881
  • Aug 8, 2016 8:36pm Aug 8, 2016 8:36pm
It now needs to break Asian high 10248, to go all the way to 10267
Intraday only.
  • #60,882
  • Aug 8, 2016 8:46pm Aug 8, 2016 8:46pm
Bounced off support and looks like it wants to go higher.
  • #60,883
  • Aug 8, 2016 8:51pm Aug 8, 2016 8:51pm
thats not support, we're at resistance right now, support is way back down in the 100.xxx area
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  • #60,884
  • Aug 8, 2016 9:00pm Aug 8, 2016 9:00pm
Quoting FXCyborg
thats not support, we're at resistance right now, support is way back down in the 100.xxx area
It plainly bounced off support @ 102.265

That's ok if you disagree though. But I'll trade what I see if you don't mind.

And 102.848 is resistance on my chart - which I posted a few hours ago.
  • #60,885
  • Aug 8, 2016 9:05pm Aug 8, 2016 9:05pm
Quoting SunTrader
{quote} It plainly bounced off support @ 102.265 That's ok if you disagree though. But I'll trade what I see if you don't mind. And 102.848 is resistance on my chart - which I posted a few hours ago.
Thats not support... get off those one minute time frames LOL

pivot is at 101.76, support is at 100.87 give or take a bit...

I think you need to learn what S/R's are
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  • #60,886
  • Aug 8, 2016 9:08pm Aug 8, 2016 9:08pm
Quoting FXCyborg
.. get off those one minute time frames LOL ...
LOL is right or more like that is a 4 hour chart. Which is what my post clearly says and chart pic shows. Doh!!!

Reading is hard. Understanding even harder.
  • #60,887
  • Aug 8, 2016 9:27pm Aug 8, 2016 9:27pm
Quoting SunTrader
{quote} LOL is right or more like that is a 4 hour chart. Which is what my post clearly says and chart pic shows. Doh!!! Reading is hard. Understanding even harder.
Then you must be looking at a completely different pair... there is no support at the price you gave.
Again, I think you might need to learn what Support and Resistances are.

GL
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  • #60,888
  • Aug 8, 2016 9:41pm Aug 8, 2016 9:41pm
Quoting pipcenturion
{quote} 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
I has lost its strength upwards at 10253.

Taking a chance to short.
Intraday only.
  • #60,889
  • Aug 8, 2016 10:10pm Aug 8, 2016 10:10pm
Quoting navk
It now needs to break Asian high 10248, to go all the way to 10267
The up move should commence right about now.

The up target is now adjusted to 102.8x
  • #60,890
  • Aug 8, 2016 10:12pm Aug 8, 2016 10:12pm
Quoting FXCyborg
{quote} Then you must be looking at a completely different pair... there is no support at the price you gave. Again, I think you might need to learn what Support and Resistances are. GL
FXCyborg,

I kindly suggest that you listen and learn from sun trader.
  • #60,891
  • Aug 8, 2016 10:51pm Aug 8, 2016 10:51pm
i am shorting uj today, no targets

Attached Image
  • #60,892
  • Aug 8, 2016 11:03pm Aug 8, 2016 11:03pm
Quoting PatienceFx
i am shorting uj today, no targets {image}
Over 75% of your moving average lines have a positive slope. Why will you want to sell?

Except of course if price breaks today's low can there be justification to sell.
  • #60,893
  • Aug 9, 2016 2:20am Aug 9, 2016 2:20am
There is a bull triangle.
TP resistence at 102.80
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  • #60,894
  • Aug 9, 2016 3:22am Aug 9, 2016 3:22am
not a good trading day - closing shop until better sense diection
  • #60,895
  • Aug 9, 2016 9:44am Aug 9, 2016 9:44am
Quoting PatienceFx
i am shorting uj today, no targets {image}
Good move !!!
  • #60,896
  • Aug 9, 2016 10:05am Aug 9, 2016 10:05am
is usdjpy going retest 101.280 or will flight upward from 101.950?
TALHA607
  • #60,897
  • Aug 9, 2016 10:12am Aug 9, 2016 10:12am
Quoting tallha
is usdjpy going retest 101.280 or will flight upward from 101.950?
European markets are going up on steriods, I expect a big reversal with these kinds of gains on indices.
  • #60,898
  • Aug 9, 2016 10:13am Aug 9, 2016 10:13am
my forecast UJ
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  • #60,899
  • Aug 9, 2016 10:18am Aug 9, 2016 10:18am
  •  akatz
  • | Joined Apr 2015 | Status: stimulating the global economy | 10 Posts
Another vote for shorting UJ! Long term trend appears to be down. Many pips for the taking, I think.
  • #60,900
  • Aug 9, 2016 10:23am Aug 9, 2016 10:23am
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}
These shorts from last night are now at break even and planning to let them run.

Got an order to sell again at 102.00 which has been clear support and resistance since July 29th:

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