USD/JPY Discussion

Usd/Jpy failed to rally beyond 104.00 level suggesting the pair might entre correction mode, need further confirmation for clear direction.

Daily support lifts to 103.380

103.90 Dollar is still in the green against the YEN

Who said "short"? SL providers?

wait for breakout

Im not sure up or down if it breakout..
Any more clue guys...

Ok that help me alot...
Tq Dano

short uj

4H break, target upper channel around 105-105.30

Agree but I will go with the candle close after an hour.

too early to short if you are not a martingale trader

The true target for the price is 107.2 (107.3 also possible)
The target must be reached till the middle of december and must not hit 107.5 and if this happens, i will tell you the next target. if 107.5 resistance takes a breath - target will be shifted.

Charge the very first of your shorts there.

I can take a mistake and the top may be limited @106.76 level, if bears will be very hungry and eats again a part of the head... will see.
Anyway, the 107.2 is an important level and may be forced to reach. 107.3 is a good place for sl.

PS I`m thinking about sl... 107.3 is a bad value.. a small impulse can hit massive sl and plunge the price to the 107.5 an this must not be happened. So, put sl above 107.5
At that level every pip does a history.
107.247 must be an absolute wave top.
This is like a boing on the fly takes off your hat by their wing. This means a half margin short. On sl level you should have 50% of the depo.
Target will be very respectable.

To be conformant to the market - longs tp @106.76 shorts starts @107.2

Early shorters can have a 150 pips from 106.76, then bulls will double their positions to the 107.2

what will this triangle do ?

I`m sorry, this is your deals, but it seems that you are working hard on eliminating your depo.
If not - try to take short from 106.76 to the 105.3 then long up to 107.2 then short again.
Work hard to avoid joining on the mess and don`t provide sl to the stream. You are working with a big lots with tight sl inside the mess. This is a selfkiller tactic.
And does not even look to enter to the mess. Only a key levels matters.

fall like the rain

Can you tell us where is the ground for this rain?
Any reason for price to have an early drop is outside of my scope.
Drop because the end of triangle? How much pips down? 20 or 30?
Next week the price will take a walk on todays resistances like it on a clean square.