USD/JPY Discussion

Exit my entry ... 2 profitable trade

Here it is. Entered long @100.6 Targeting to 107 sl @99

no thank you.

Bulls in fresh down attacks. clean rejection at the 420.5, let say the 630 leg now in play. retest of 455 could play out if only supply increases @ this stage. 99.87 if they can try that.

Again mate, do you mind explaining what these numbers mean? (420.5, 630, 455, etc)

0.10 aint that much/rocket ship fmoc tonight

No offense taken mate. Iam not selling and the product isn't mine. Its actually pretty easy to create it yourself. You only need to draw a horizontal lines from every pivot higl/low on m30 graph.
have closer look to understand:

UJ could easily go below 100 if the fed does nothing and is not hawkish

I guess it has opposite effect. UJ behaviour is the opposite from the rest. It is correlated with Stock index

Yes its a weird scenario. I really had to think about what I said in the previous comment. The market doesn't trust the BoJ enough to let UJ to go higher

6 months later to 107?
that's way too long...

Who knows, but i not like how it moves. Closed with small profit.

Just watch the order books published by a few spot brokers or Cot for the futures currency contracts. For what you trade. It's obvious when the retail money sits heavy on what ongoing conventional thinking calls the wrong side of market , price nearly 100% simply goes the other way. This build up manifests over a short to moderate amount of time, usually propagated by white noise I.e. Talking heads and news boasts. Last night I shorted. The USDJPY I'm Sure most people here at that time thought what an idiot!

Think "medium term" "engage trade entry short term" in 24 hour intervals. Market wise no one cares about yesturday and only worries about tomorrow. Why the dip then pop up over night.. the fed freak show that was due next day. Last night was just half the story as a two part saga. Japan crapped in one hand then clapped with the other. Today the U.S. Just loosed a dialogue wedgy.

Being as the unit traveled well towards the 100 parity I'm sure a lot of retail buy side money either got stopped out or is now riding in negative holding loser trade territory. Possible tonight either a continuation stunt by Japan with some sort of directional interference or heavy net longs closing could move it back up to pre tactical levels. Follow thru to lower levels can also be indicative net losing longs don't want to cash in as shorts begin to mount forcing margin calls by more thoughtless money. Trade safe, You have no real friends in a trading platform only predators with less sharp teeth at times of biting. 👍

Enormous bearish inversion today in the USDJPY. Ideally a great deal of you got this exchange. We expect more drawback in this pair and the individuals who missed this exchange can look for upside follows (quality) to get short.

Gl to ya mate.. im thinking this might take a turn for the worse down tho..

i am going long today

where you expect ... bottom of today point ?

plan cancelled, 100.466 did not break, down we go

99.766 should give a decent support today
june / july / august / september lows
if that does not hold them definitely 80.20 will hold it

If it breaks below 100.000, would that mean that it will move further down?