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USD/JPY Discussion

  • #63,041
  • Dec 12, 2016 12:49pm Dec 12, 2016 12:49pm
Exited shorts at 115.10 Reversed to long with SL at 114.83 and see what plays.
  • #63,042
  • Dec 12, 2016 12:57pm Dec 12, 2016 12:57pm
Once it broke 114.70 that was my short bias finished.
Still playing it in both directions but no bias whatsoever.
I'm absolutely convinced 120.30/40 (120.39 is the price I'mn keeping an eye on) will now
be touched though.
News spike on Weds or a creep up till new year?
Who knows
Where price is now, it has been before, and will be again.
  • #63,043
  • Dec 12, 2016 3:54pm Dec 12, 2016 3:54pm
Red pinbar on the daily chart causing conflicting signals with weekly/monthly.

Best to stay away until the Fed on Wednesday. Lots of time between now and then, but I'd expect downwards grind no further than 114 to maintain momentum on the weekly candles, then you could see big spike up on the announcement, but I'll share my feelings closer to that time.
Twitter: @zusch_ -- Preselecting trending pairs, stocks on a weekly basis.
  • #63,044
  • Dec 12, 2016 10:24pm Dec 12, 2016 10:24pm
Quoting Vantage FX
This daily level in USD/JPY is key going forward. {image} {image}

Daily resistance holds.
Attached Image (click to enlarge)
Click to Enlarge Name: 161213_usdjpy_daily.png Size: 58 KB
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  • #63,045
  • Dec 12, 2016 10:35pm Dec 12, 2016 10:35pm
My SL at 114.83 was hit . Reentered now Long with SL @ 114.70
  • #63,046
  • Dec 13, 2016 4:54am Dec 13, 2016 4:54am
Quoting F.g
My SL at 114.83 was hit . Reentered now Long with SL @ 114.70
As crazy as this might sound I sold usdjpy at 105.41 SL 105.81 tp 104.50
  • #63,047
  • Dec 13, 2016 5:00am Dec 13, 2016 5:00am
Last week the JPY remains bearish for the last consecutive five weeks and it still seems unpredictable, let see how it goes. Either it will meet the expectations of the Japanese Yen traders and global investors keeping an eye over it.
  • #63,048
  • Dec 13, 2016 5:14am Dec 13, 2016 5:14am
im still bullish on this
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  • #63,049
  • Dec 13, 2016 7:01am Dec 13, 2016 7:01am
Quoting SunTrader
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.
Right i cannot agree more
that is what will happen (Hopefully) because 0.25 increase is already priced in 100%
so if Yellen cannot convince there will be more in first half of the 2017 USD correction might happen and winner will be YEN of course
that is what i am betting on..
  • #63,050
  • Dec 13, 2016 7:26am Dec 13, 2016 7:26am
Quoting Rescue.Forex
... USD correction might happen and winner will be YEN of course that is what i am betting on..
I never hold trades into FED meetings. Probabilities are never good. A guessing game I can do without.
  • #63,051
  • Dec 13, 2016 9:19am Dec 13, 2016 9:19am
The problem with fed days is even if you are right, the initial burst of volatility takes out all stops first and then goes in the direction of choice.
  • #63,052
  • Dec 13, 2016 9:31am Dec 13, 2016 9:31am
Finally put a short on at 1.27062. SL 5 pips locked in already so that's cool.
who dares wins
  • #63,053
  • Dec 13, 2016 10:09am Dec 13, 2016 10:09am
Quoting MasterJedi
Finally put a short on at 1.27062. SL 5 pips locked in already so that's cool.
Apologies wrong thread - was meant for cable. My bad.
who dares wins
  • #63,054
  • Dec 13, 2016 10:09am Dec 13, 2016 10:09am
Quoting Trendzalore
The problem with fed days is even if you are right, the initial burst of volatility takes out all stops first and then goes in the direction of choice.
I'll agree with you to an extent. observing price movement during the last three days price movement is mixed especially on an intra day basis but long term says buy the USD.
So in times as this I observe sentiment which from my point of view I believe there would be a correction or a short term dollar bears like a sort of balancing of books ahead of end of 2016 with that mind its now about picking the right currency at such volatile season for me I already sold usdjpy although I already closed some usdjpy positions so even if my stops are triggered I wouldn't lose .my theme for such periods is play safe and don't get greedy
  • #63,055
  • Dec 13, 2016 10:15am Dec 13, 2016 10:15am
I forgot to add you'll need some pain killers for times as this because nothing you predict is certain.
  • #63,056
  • Dec 13, 2016 10:16am Dec 13, 2016 10:16am
Bounces are not good enough for the past 2 days, it needs a dip down

And Tomorrow fed red will be well contained as it has been priced in for the past few weeks

No surprise if it is a non event
Make money by doing the opposite of Giveachance aka loser
  • #63,057
  • Dec 13, 2016 10:24am Dec 13, 2016 10:24am
the bull trend line is strong, but It will go down... bulls need a break.
Attached Image
  • #63,058
  • Dec 13, 2016 10:35am Dec 13, 2016 10:35am
Quoting Cenit
the bull trend line is strong, but It will go down... bulls need a break. {image}
after they reach 118 yes
  • #63,059
  • Dec 13, 2016 1:47pm Dec 13, 2016 1:47pm
Quoting Windstrown
{quote} after they reach 118 yes
Why not 120 then?
Where price is now, it has been before, and will be again.
  • #63,060
  • Dec 13, 2016 2:02pm Dec 13, 2016 2:02pm
Because after tomorrow when it hits 118 it'll retrace before going back to 120 xD. seriously i'm just saying rubish man i have no idea i'm positioned there obviously as for my final tp the signals will tell..
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