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USD/JPY Discussion

  • #61,281
  • Aug 23, 2016 3:29am Aug 23, 2016 3:29am
last month uj went up on abe winning elections and the jawboning that ensued

when the markets saw that boj has very little to offer it fell again ; so the verdict is boj does not have the kind of ammunition to fight the global economic trend currently, so they are going with the flow

right now uj entirely depends n usd strength or weakness and this means if fed does not hike rates in sept uj will fall big again

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  • #61,282
  • Aug 23, 2016 3:56am Aug 23, 2016 3:56am
Quoting PatienceFx
{quote} i am expecting tight range on daily, a daily chart trend breakout will decide who will marry her 95 yr old or 102 yr old
lets see. Holding my shorts from 100.80
Money never sleeps I can hear the dollar calling me
  • #61,283
  • Aug 23, 2016 4:03am Aug 23, 2016 4:03am
Quoting shivam332
{quote} lets see. Holding my shorts
wear a belt instead
  • #61,284
  • Aug 23, 2016 4:08am Aug 23, 2016 4:08am
Quoting shivam332
{quote} lets see. Holding my shorts from 100.80
good trade

currently uj is in a fun zone above 100 level, plenty to collect scalping it

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  • #61,285
  • Aug 23, 2016 4:10am Aug 23, 2016 4:10am
Quoting PatienceFx
{quote} wear a belt instead
my stops are in profit so won't matter much for me even if it goes back to my selling price. Are you still out of it?
Money never sleeps I can hear the dollar calling me
  • #61,286
  • Aug 23, 2016 4:20am Aug 23, 2016 4:20am
Quoting shivam332
{quote} my stops are in profit so won't matter much for me even if it goes back to my selling price. Are you still out of it?
i exit at 100 coz h4 speaks of a possible uptick
  • #61,287
  • Aug 23, 2016 8:07am Aug 23, 2016 8:07am
Quoting rafael5643
100 is an enormous psychological big round number and support line. If price breaks below there and stays expect a larger move downwards.
Only because it is self fulfilling. Enough people believe such nonsense.

Look at a weekly and monthly chart. No there there.
  • #61,288
  • Aug 23, 2016 8:31am Aug 23, 2016 8:31am
Stubborn battle at 100...
  • #61,289
  • Aug 23, 2016 8:45am Aug 23, 2016 8:45am
Quoting SunTrader
{quote} Only because it is self fulfilling. Enough people believe such nonsense. Look at a weekly and monthly chart. No there there.
price action at 100 will answer your doubts i am sure
  • #61,290
  • Aug 23, 2016 8:56am Aug 23, 2016 8:56am
Quoting PatienceFx
{quote} price action at 100 will answer your doubts i am sure
plus the monthly also seems to support the 100 view, so if the fed does raise rates in September then 100 will be respected even more

rest depends on economic sentiment

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  • #61,291
  • Aug 23, 2016 9:52am Aug 23, 2016 9:52am
Quoting PatienceFx
{quote} price action at 100 will answer your doubts i am sure
I don't have any.

PA currently is clearly similar to other levels. Some believe what they want to believe.
  • #61,292
  • Aug 23, 2016 9:58am Aug 23, 2016 9:58am
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  • #61,293
  • Edited 10:27am Aug 23, 2016 10:10am | Edited 10:27am
And it might of been mentioned before ... but 100.700 is 50% retracement of uptrend Oct '11 to June '15 so being below that point for any length of time is particularly bearish no matter a big round number close by.

And after all that is the current trend too.
  • #61,294
  • Aug 23, 2016 10:25am Aug 23, 2016 10:25am
absent BOJ , trend is still down
  • #61,295
  • Aug 23, 2016 11:26am Aug 23, 2016 11:26am
Market looks like calm before the storm.
Nobody Knows the Next move!!
  • #61,296
  • Aug 23, 2016 12:27pm Aug 23, 2016 12:27pm
Quoting rocket00
Market looks like calm before the storm.
I am trading in USDJPY with a target of 99.15 for the week and i hope to meet it in the coming 2 days
FXOpen - International True ECN Broker
  • #61,297
  • Aug 23, 2016 1:22pm Aug 23, 2016 1:22pm
Quoting EuroScalper
{quote} I am trading in USDJPY with a target of 99.15 for the week and i hope to meet it in the coming 2 days
i hope you don't, cos i'm long
  • #61,298
  • Aug 23, 2016 1:57pm Aug 23, 2016 1:57pm
Need to wait until markets close today, could be bullish. New home sales are very good... wonder if asia/london will bring a move up.
Trade in the now
  • #61,299
  • Aug 23, 2016 6:14pm Aug 23, 2016 6:14pm
I would actually wait out the Usd/Jpy until after I see what happens to the rates in the US around September. Predicting and trading the resulting price action prior to the announcements might be risky. However, anyone who follows the Usd/Jpy pair would have noticed a unique support range which would become very important in September. Bear in mind, the BOJ desperately wants to keep the Yen devalued and would do everything possible to bring bank the Yen to this range most of us here have noticed, if the Yen suddenly over appreciates.
  • #61,300
  • Aug 23, 2016 6:54pm Aug 23, 2016 6:54pm
Finally today USD/JPY going to react what I can see right now on my chart. Good Luck!
Nobody Knows the Next move!!
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