USD/JPY Discussion

My bet is that it will clear the low at 112.618.

Sold dollar/yen 113.24
stop 113.50
t/p 112.98

lol!!! Nice response

i luv uj. Am a price action trader (ratios and harmonics). Have turned UJ 2 my bitch, will hold on to that for now.

Am with u
Still holding short
hope 113.50 hold SL

I see this too. Very impressive level. Last bulls barrier.
Breaking it will end the bulls hope for a long time.
Will take a long from there.

USD/JPY remained on neutral way this week with no major thing to really talk over. However, its likely to remain positive till there is some major things happening, but we can see there is some happening around rate hike, so that will be the thing to look at.

bearish (short).. to 111 or 110, How long, and when to enter, and did you enter already?, is another question. Of course your margin should be loaded giving you enough to last all the chaos between now and 110

sell on bounce on small time frame

Mnuchin put the breaks on Trumps proposed tax reform last night.

Yes, as long as the swing high at 114.958 isn't broken, I'm selling the rallies.

It also looks like no rate hike is forthcoming in March. So fundamentals are in line with my technical view on this pair.

PS: Apparently, the Bank of Tokyo agrees with me. ;-)

https://www.efxnews.com/story/35430/...eting-111-btmu

EUR/USD: Neutral: Diminished odds for extension to 1.0450/55.
The downward pressure mentioned in recent updates is waning rapidly and the odds for an extension to 1.0450/55 have diminished. That said, only a move back above 1.0620 would indicate that the immediate downward pressure has eased. All in, EUR has to move and stay below 1.0540 by end of today or it is likely that it has moved into a 1.0530/1.0680 consolidation range (that could last for a while).
GBP/USD: Neutral: Immediate upward pressure but has to clear 1.2610/15 to turn bullish.
The sharp rise and strong daily closing yesterday came as a surprise.While the overnight high of 1.2561 is still within our expected 1.2400/1.2580 consolidation range, the undertone has improved considerably. The immediate pressure is on the upside but GBP has to clear the major 1.2610/15 resistance to indicate that it has started on a sustained upmove (with an immediate target of 1.2705). Only a move back below 1.2470 would indicate the positive undertone has eased.
AUD/USD: Bullish: To take half profit at 0.7775/80.
We indicated yesterday that the current bullish phase in AUD would shift to neutral unless NY closing is above 0.7710. AUD rallied to a high of 0.7741 before closing at 0.7715. The outlook is still bullish but while upward momentum has improved, it is lacking in ‘impulsiveness’. All in, the bullish phase that started about 3 weeks ago is still in place but those who are long should look to take half profit at 0.7775/80, and to adjust stop-loss higher to 0.7660 from 0.7640.
NZD/USD: Neutral: Positive undertone but expect solid resistance at 0.7690.
While the overnight NZD strength came as a surprise, the high of 0.7246 is within our expected 0.7100/0.7260 consolidation range. The undertone has improved and while a move above 0.7260 would not be surprising, 0.7290 is a major level and is expected to offer solid resistance. That said, unless there is a move back below 0.7170 within these few days, the undertone would likely improve further.
USD/JPY: Neutral: In a 112.30/114.50 range.
Despite the rather weak daily closing, USD is still holding within the expected 112.30/114.50 consolidation range. From here, a test of 112.30 is not ruled out but based on the current lackluster momentum, a sustained move below this level is not expected.

im selling it back down to 112.5x region

Open small short at 112.9.

Hello fellow traders,

When viewed from the daily analysis it seems that this pair is still down.

Sell @ 112,833
Target @ 111,801
Stop @ 113,631

I'll exit here at 112.45, good enough for me. See if it holds.

USD/JPY is now higher currently trading at 112.37. The week was somehow beneficial for the USD, interesting to see what the next one brings!

USDJPY 5M Chart:
Cheers, U2

The pair is bearish and broke below 112.50. I think that next week we'll see it reach 111.60 again.

i don't think there is any doubt left what uj can do next week / month /year / decade / century / ...............

I would think so too. Usd/Jpy to restest 111.60 as early as tomorrow. When Trump speaks, we might see it going even further down south.