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USD/JPY Discussion

  • #63,021
  • Dec 11, 2016 7:53am Dec 11, 2016 7:53am
Quoting Windstrown
{quote} As it looks like, this will break 118 before retracing. I closed my long friday hoping for a retracement but i'll get in on it again tomorrow since the boat is shipping off
You could be right. Can easily head to 115.8 (daily R3) at least before deciding which way. Would there not be more of a chance for a retrace before all the news on Tuesday though? doesn't matter which way as long as we're on the ship
who dares wins
  • #63,022
  • Dec 11, 2016 8:16am Dec 11, 2016 8:16am
Quoting MasterJedi
{quote} You could be right. Can easily head to 115.8 (daily R3) at least before deciding which way. Would there not be more of a chance for a retrace before all the news on Tuesday though? doesn't matter which way as long as we're on the ship
true xD. Well from my poin of view, it'll depend on tomorrow's behaviour..

1- Oil will climb another 5 % or so..dragging aud up, and USD up a bit more
2- Big money already set for lower prices until the 14th.

What we could see tomorrow is a lesser climb of the oil + some of the money shifting into commodities making the USD weaker and the jpy stronger.. that will indeed give us the chance to get in on the boat at a better position (this was my view on friday when i closed my long but to be honest after the opec news it looks much more likely it'll just go up before the retrace.. either way tomorrow we can decide )
  • #63,023
  • Dec 11, 2016 8:20am Dec 11, 2016 8:20am
A correction might be ahead.
  • #63,024
  • Dec 11, 2016 8:24am Dec 11, 2016 8:24am
Dollar up = oil down and vice versa (most times).

As for the Fed on Wednesday I will be watching to see if they surprise everyone with a 1/2 point increase.
Otherwise 1/4 is priced in and probably will only bring about a short term correction to UJ.
  • #63,025
  • Dec 11, 2016 9:03pm Dec 11, 2016 9:03pm
This daily level in USD/JPY is key going forward.
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  • #63,026
  • Dec 11, 2016 10:27pm Dec 11, 2016 10:27pm
The pair upward momentum remains strong, but I'm expecting some correction movement until Wednesday Fed's interest rate decision.
  • #63,027
  • Dec 11, 2016 10:50pm Dec 11, 2016 10:50pm
USDJPY 1hr set to close thru Friday's high. Healthy dip below last week's closing price. No test of 115 very possible.
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  • #63,028
  • Dec 11, 2016 10:53pm Dec 11, 2016 10:53pm
With the hike fully priced in, does anyone still see a sustained* upmove for UJ? (Sustained* = continuous for next few days after the event, as opposed to just for a couple of min post-event)

Someone mentioned it might be a Buy the rumour sell the fact situation - that's my guess too.
  • #63,029
  • Dec 12, 2016 12:38am Dec 12, 2016 12:38am
Let's see if it runs to 118
  • #63,030
  • Dec 12, 2016 12:44am Dec 12, 2016 12:44am
Quoting stylinex
Let's see if it runs to 118
I think that 116 level has a really strong resistance. I expect some rejection there.
  • #63,031
  • Dec 12, 2016 2:10am Dec 12, 2016 2:10am
1.15 90 now... I am not calling a top here but I will be a seller soon.
fttb I sell @115.65 on stop and @ 116.20 IF it reaches that... SL above 118.50
  • #63,032
  • Dec 12, 2016 2:16am Dec 12, 2016 2:16am
Quoting F.g
1.15 90 now... I am not calling a top here but I will be a seller soon. fttb I sell @115.65 on stop and @ 116.20 IF it reaches that... SL above 118.50
If you sell at 116.20 - what would your TP be? Curious because your SL seems to be super far away, and wouldn't that mean that you expect UJ to potentially move much higher than 116 or 117??
  • #63,033
  • Dec 12, 2016 2:22am Dec 12, 2016 2:22am
Sick move, no retrace only up

Big spike up to 12x,xx during fed and down
Make money by doing the opposite of Giveachance aka loser
  • #63,034
  • Dec 12, 2016 4:31am Dec 12, 2016 4:31am
Its time to sell. TP 114.8 SL 116.28
  • #63,035
  • Dec 12, 2016 5:56am Dec 12, 2016 5:56am
Quoting MrsTrader
{quote} If you sell at 116.20 - what would your TP be? Curious because your SL seems to be super far away, and wouldn't that mean that you expect UJ to potentially move much higher than 116 or 117??
The SL says everything...
  • #63,036
  • Dec 12, 2016 6:23am Dec 12, 2016 6:23am
DID NOT reach 116 .20 and cancel selling there...
Sold at 116. 10 and now lower the SL to 1116.12
Too early to have a target... PA will tell us .
  • #63,037
  • Dec 12, 2016 9:28am Dec 12, 2016 9:28am
Dynamics are changing now...bounces are not followed by up move

Time to sell it now
Make money by doing the opposite of Giveachance aka loser
  • #63,038
  • Dec 12, 2016 10:43am Dec 12, 2016 10:43am
Took partial prof. in my shorts at 115.50 and lower the SL to 115.62 for the rest.
  • #63,039
  • Dec 12, 2016 10:51am Dec 12, 2016 10:51am
Quoting nessus94
Dynamics are changing now...bounces are not followed by up move Time to sell it now
Just wait for Wednesday's speech. Dynamics are not changing until then.
  • #63,040
  • Dec 12, 2016 10:58am Dec 12, 2016 10:58am
and thinking to reverse to long at.62 with SL at 115.30

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