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USD/JPY Discussion

  • #63,661
  • Edited 2:44am Jan 20, 2017 1:55am | Edited 2:44am
IMHO, the pair won`t go down without rejecting upmove @121.3
For now it just consolidates before test again 118 level.
See daily:
Attached Image (click to enlarge)
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UPD: if the price breaks 121.3 level, next target will be 129.9
The impulse of the rocket jumping from 101 to the 118 levels means at least a half of the power is remaining under the hood.


H4 shows strongest upchannel so far:
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 27 KB
Forcemeat can not be unrolled back...
  • #63,662
  • Jan 20, 2017 2:55am Jan 20, 2017 2:55am
I long on USDJPY...Buy Sugar: ave 100pips potential
We err, and err, and err again, but less.
  • #63,663
  • Edited Jan 21, 2017 3:01am Jan 20, 2017 3:43am | Edited Jan 21, 2017 3:01am
Some levels for Today

blue rectangle is Daily shadow .

Attached Image (click to enlarge)
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Attached Image (click to enlarge)
Click to Enlarge Name: USDJPYM1d.png Size: 64 KB
KISS&V :Keep it simple safe & visual
  • #63,664
  • Jan 20, 2017 4:17am Jan 20, 2017 4:17am
as i said, there was a big bear trap in 112 level. When there is a big trap, there should be a big expect from the big boy that it will go far. I guess it will go to 118. Could reverse any second if trump say anything bad
  • #63,665
  • Edited 7:35am Jan 20, 2017 7:06am | Edited 7:35am
Attachment G https://www.poundsterlinglive.com/us...s-are-sworn-in
TSLA: 30-Dec-22 123.18 // 16-Jun-23 260.54 **111.51%**
  • #63,666
  • Jan 21, 2017 4:13am Jan 21, 2017 4:13am
The Yen appears to be weakening.
  • #63,667
  • Jan 21, 2017 11:44am Jan 21, 2017 11:44am
heads up



Quoting SunTrader
{quote} Somewhat but within an intact uptrend with support close by: {image}
Attached Image (click to enlarge)
Click to Enlarge Name: JPY (DFB).png Size: 33 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,668
  • Jan 21, 2017 12:00pm Jan 21, 2017 12:00pm
Never touched on my chart. Anyway, like I said trend - so far - is intact. Trend is price, not a line.
Attached Image (click to enlarge)
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  • #63,669
  • Jan 21, 2017 1:25pm Jan 21, 2017 1:25pm
that's because you never drew it properly
Attached Image (click to enlarge)
Click to Enlarge Name: JPY (DFB).png Size: 21 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,670
  • Edited 4:02pm Jan 21, 2017 1:32pm | Edited 4:02pm
if that high is lower than the last not sure what your saying
that could be a big range
longer term its bearish under that top high

Quoting SunTrader
Never touched on my chart. Anyway, like I said trend - so far - is intact. Trend is price, not a line. {image}
Attached Image(s) (click to enlarge)
Click to Enlarge Name: maybe JPY (DFB).png Size: 38 KB
Click to Enlarge Name: q JPY (DFB).png Size: 30 KB
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,671
  • Jan 21, 2017 2:29pm Jan 21, 2017 2:29pm
Quoting Bones
if that high is lower than the last not sure what your saying that could be a big range longer term its bearish under that top high {quote} {image} {image}
Nice charts !!!

On Topic of the direction of USD/JPY whether back towards to 1.20 or return to 105 is anyone here aware of the Correlation between Dow 30 and USD/JPY ?

In case not , I will post two daily charts here on a daily timeline for USD/JPY and Dow 30.

Then you decide for yourself.

DJIA from Finviz - Daily Chart.

http://finviz.com/futures_charts.ashx?p=d1&t=YM

USD/JPY from Finviz - Daily Chart

http://finviz.com/forex_charts.ashx?p=d1&t=USDJPY


Benjaminis
  • #63,672
  • Jan 21, 2017 3:49pm Jan 21, 2017 3:49pm
Hi I think it was very correlated
im not seeing so much now I think the indexes are artificially high
low-interest rates and QE maybe


Quoting BenjaminIs
{quote} Nice charts !!! On Topic of the direction of USD/JPY whether back towards to 1.20 or return to 105 is anyone here aware of the Correlation between Dow 30 and USD/JPY ? In case not , I will post two daily charts here on a daily timeline for USD/JPY and Dow 30. Then you decide for yourself. DJIA from Finviz - Daily Chart. http://finviz.com/futures_charts.ashx?p=d1&t=YM USD/JPY from Finviz - Daily Chart http://finviz.com/forex_charts.ashx?p=d1&t=USDJPY Benjaminis
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,673
  • Jan 21, 2017 5:28pm Jan 21, 2017 5:28pm
Quoting Bones
Hi I think it was very correlated im not seeing so much now I think the indexes are artificially high low-interest rates and QE maybe {quote} {image}

Thanks for the reply. Now I can suggest a method that I use to know the direction of the currencies depending if we have Risk On or Risk Off. One we have Risk Off you can see funds move to USD/JPY and of course into the 2 Year and 5 Year and 10 Year and 30 Year US Bonds. In order to buy these US Bonds it must be with US Dollars. Here is the Hourly Chart from Finviz of US 10 Years Bonds. As the Bonds are purchased the Yields go down and as they are sold the Yields go up.

Hourly Chart of US 10 Year Bonds.

http://finviz.com/futures_charts.ashx?t=ZN&p=h1

Understanding this allows you to follow what happens in the change of values of the various Asset Classes which of course include commodities as well such as Oil and Gold and Silver.

I welcome any questions on the Money Flow. Of course on Risk On everything reverses.


Benjaminis
  • #63,674
  • Jan 21, 2017 7:06pm Jan 21, 2017 7:06pm
Quoting Bones
if that high is lower than the last not sure what your saying that could be a big range longer term its bearish under that top high {quote} {image} {image}
So Gold which made less of a move over less time is in an uptrend but UJ is not. Got it.

Not.
  • #63,675
  • Edited 7:45pm Jan 21, 2017 7:20pm | Edited 7:45pm
I posted gold up ,uj down is that the right correlation ?
could be next week it moves different ,but its limited as I said
the new month I think will continue the move

Thier correlated but each has different restrictions

Quoting SunTrader
{quote} So Gold which made less of a move over less time is in an uptrend but UJ is not. Got it. Not.
Attached Image (click to enlarge)
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On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,676
  • Jan 21, 2017 7:29pm Jan 21, 2017 7:29pm
this is engulfing right now as is gold

Quoting Bones
that's because you never drew it properly {image}
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,677
  • Jan 21, 2017 7:41pm Jan 21, 2017 7:41pm
Thanks B ,one of the people I used to learn from always talked about the 10 year note ,
I dont seem to be able to get it on my platform and that one isnt interactive ?
wheres the best place to get it and if you expand further id appreciate it

Quoting BenjaminIs
{quote} Thanks for the reply. Now I can suggest a method that I use to know the direction of the currencies depending if we have Risk On or Risk Off. One we have Risk Off you can see funds move to USD/JPY and of course into the 2 Year and 5 Year and 10 Year and 30 Year US Bonds. In order to buy these US Bonds it must be with US Dollars. Here is the Hourly Chart from Finviz of US 10 Years Bonds. As the Bonds are purchased the Yields go down and as they are sold the Yields go up. Hourly Chart of US 10 Year Bonds. http://finviz.com/futures_charts.ashx?t=ZN&p=h1...
On-site guru & also FF member's' psychiatrist, when not drinking tea
  • #63,678
  • Jan 21, 2017 8:12pm Jan 21, 2017 8:12pm
Thoughts on a retest of 115.6? Looks like support was formed at 114.2, wondering if anybody thinks we go for a third retest of 115.6?
  • #63,679
  • Jan 21, 2017 9:32pm Jan 21, 2017 9:32pm
Quoting Bones
Thanks B ,one of the people I used to learn from always talked about the 10 year note , I dont seem to be able to get it on my platform and that one isnt interactive ? wheres the best place to get it and if you expand further id appreciate it {quote}
I use Finviz which is a free Visual site and everything you can want is there.

http://finviz.com/news.ashx

US Bonds

http://finviz.com/futures_charts.ashx?t=BONDS&p=d1

Futures

http://finviz.com/futures.ashx

Forex

http://finviz.com/forex.ashx

If you have a minute or two please visit my thread called "Money Flow Method and Risk Management"

Take care and be well.


Benjaminis
  • #63,680
  • Jan 22, 2017 5:32am Jan 22, 2017 5:32am
Is ir true what i see the falling correction. On h4. I think it should be rise to 116.80 after this correction movement.
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