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USD/JPY Discussion

  • #64,221
  • Feb 26, 2017 10:15am Feb 26, 2017 10:15am
An interesting price area for USDJPY.

It's just entered a new bearish channel, but has also shown recent rejection of 111.92(ish).

I'm looking for price to retrace to 112.65(ish) and then fall through to 111.50(ish).

Let's see.
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  • #64,222
  • Feb 26, 2017 2:44pm Feb 26, 2017 2:44pm
Doesn't look like the retrace I wanted is going to happen!

https://www.bloomberg.com/quote/USDJPY:CUR
  • #64,223
  • Feb 26, 2017 3:23pm Feb 26, 2017 3:23pm
If you are tracking USDJPY, notice that on the weekly time frame, the past two weeks have witnessed two strong bearish candlesticks and the technicals favour further bearish move; a likely target being around 109.980, the immediate weekly support zone. Details are contained in
weekly technical outlook.

I may be wrong. Trade safe and prosper.


KP

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Do your homework, follow the footprints of smart money
  • #64,224
  • Edited 5:47pm Feb 26, 2017 5:33pm | Edited 5:47pm
Wolfe wave analysis

Hourly WW. Looking for min retrace back to 112.55 with potential conservative final TP @ 112.90

However, there is a larger WW potentially developing on the 4H. A break below 11.88 may suggest a further decline to 111.41 with potential to fall as low as 110.71
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Pride always comes before destruction.... -Proverbs 16:18
  • #64,225
  • Feb 26, 2017 8:33pm Feb 26, 2017 8:33pm
Usd/Jpy remain bearish, break support level at 111.90 might lead to further decline.
  • #64,226
  • Feb 27, 2017 9:22am Feb 27, 2017 9:22am
can someone explain me what the fuck is happening to this pair right now? I don't remember seeing hourly like this ...
  • #64,227
  • Feb 27, 2017 9:29am Feb 27, 2017 9:29am
Quoting mades
can someone explain me what the fuck is happening to this pair right now? I don't remember seeing hourly like this ...
Price action ( happening )
  • #64,228
  • Feb 27, 2017 9:49am Feb 27, 2017 9:49am
Quoting sergo
{quote} Price action ( happening )
I don't understand

pinbar - reverse pinbar - reverse outside bar

If it reverses again it will be the biggest fuck you I've seen.
  • #64,229
  • Feb 27, 2017 9:56am Feb 27, 2017 9:56am
Big ABCD is not done so 1160 bottom !
  • #64,230
  • Feb 27, 2017 10:14am Feb 27, 2017 10:14am
Quoting mades
{quote} I don't understand pinbar - reverse pinbar - reverse outside bar If it reverses again it will be the biggest fuck you I've seen.

Indecision, but i'd say it looks more bearish right now.
  • #64,231
  • Feb 27, 2017 11:48am Feb 27, 2017 11:48am
Quoting KovanTrader
{quote} 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.
For the moment it's consolidating above 112.00. I think it will continue falling, but the news will be a catalyst for that.
  • #64,232
  • Feb 27, 2017 1:06pm Feb 27, 2017 1:06pm
whoaa big spike up
  • #64,233
  • Feb 27, 2017 1:10pm Feb 27, 2017 1:10pm
Quoting MXT
whoaa big spike up
Yep, the Yen is making powerful moves these days.
  • #64,234
  • Feb 27, 2017 1:20pm Feb 27, 2017 1:20pm
Quoting Mr Breakout
{quote} Yep, the Yen is making powerful moves these days.
this move due to that fed member talking about hiking
  • #64,235
  • Feb 27, 2017 2:19pm Feb 27, 2017 2:19pm
Big hourly bullish, keen to see if Asia carries it through to 113.

I think a lot of SLs just above 112.5 just got demolished.
  • #64,236
  • Feb 27, 2017 6:15pm Feb 27, 2017 6:15pm
I believe this bullish leg is corrective.

Price will, I think, head back down again (maybe even ahead of Trump's speech before Congress?).
Amor Fati--F. Nietzsche
  • #64,237
  • Feb 27, 2017 6:43pm Feb 27, 2017 6:43pm
I think it's going to end up rising and break 115 by the end of this week possibly
  • #64,238
  • Feb 27, 2017 9:44pm Feb 27, 2017 9:44pm
this pair has made the calculated projection to 110 a while before. im gonna wait for a while see if it has some more bearish guts left of it. sold some lots at 114.15, holding it still.  green pips all !
  • #64,239
  • Feb 28, 2017 5:00am Feb 28, 2017 5:00am
USDJPY 1H Chart:
Double Zigzag Correction?
Cheers, U2
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Wait, or you will be slaughtered!
  • #64,240
  • Feb 28, 2017 5:07am Feb 28, 2017 5:07am
Quoting Uturn2
USDJPY 1H Chart: Double Zigzag Correction? Cheers, U2 {image}
May a learner say something. Maybe it goes further down
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before going up, and then down and no more up to day.

Which means we can buy (order) at next up trend to day with tp. And don't be greedy anymore today.

Well, remember I am a learner, who dares come in to this prof forum room.
Thank you.
All the best to all of you. But don't follow me. I am a learner.
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