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USD/JPY Discussion

  • #64,421
  • Mar 9, 2017 1:12am Mar 9, 2017 1:12am
Quoting catroot
{quote} May be his sits on a big bag with money, who knows... Rich man's often enjoys a special things...
yeah , he was going with 0.01 on each swing low, that what he was saying. hope when price come back at 0.95 hell will enjoy his long waited profit)
  • #64,422
  • Mar 9, 2017 1:33am Mar 9, 2017 1:33am
A new retest of the confluence of 115? If breached, next leg 118 with when a rate hike gets announced? Is the market waiting for this to materialize? With China data recently showing downtrend, perhaps Yen on safe haven bids will strengthen to play the knock out game!
  • #64,423
  • Mar 9, 2017 2:34am Mar 9, 2017 2:34am
Quoting DrManhatten
A new retest of the confluence of 115? If breached, next leg 118 with when a rate hike gets announced? Is the market waiting for this to materialize? With China data recently showing downtrend, perhaps Yen on safe haven bids will strengthen to play the knock out game!
The general perception is the rate hike is priced in however the expectations of another one by the end of H1 will be on the cards. China data is a mixed bag but should note the stockpiling of raw materials and demand from an improving global economy certainly softens the blow. I am eyeballing 120 target area by the end of H1. Any risk off sentiment will likely be short lived and offer further buying opportunity. That's my plan.
  • #64,424
  • Mar 9, 2017 2:51am Mar 9, 2017 2:51am
Cheer my friends.... at last, long waiting from last night, the resistance 114.8 has been break through... Lol
  • #64,425
  • Mar 9, 2017 3:00am Mar 9, 2017 3:00am
Quoting EcoTrader
{quote} The general perception is the rate hike is priced in however the expectations of another one by the end of H1 will be on the cards. China data is a mixed bag but should note the stockpiling of raw materials and demand from an improving global economy certainly softens the blow. I am eyeballing 120 target area by the end of H1. Any risk off sentiment will likely be short lived and offer further buying opportunity. That's my plan.

Good to know and thank you for sharing your thoughts on this.
  • #64,426
  • Mar 9, 2017 6:27am Mar 9, 2017 6:27am
The gap above 115 still needs to be filled and it will go there (as advised last week)...
  • #64,427
  • Mar 9, 2017 6:54am Mar 9, 2017 6:54am
Quoting yongsien
Cheer my friends.... at last, long waiting from last night, the resistance 114.8 has been break through... Lol
Except the main resistence is not there and heldxd be careful for a reverse move after this4h candle. On the other hand if 114.96 is taken out until the end of the week and closes above 115 im turning bullish tping 118 highs and will close the shorts with a fat loss
  • #64,428
  • Mar 9, 2017 7:06am Mar 9, 2017 7:06am
I think 114.60 is sell
One Day U Will Miss me!
  • #64,429
  • Mar 9, 2017 7:20am Mar 9, 2017 7:20am
Quoting aliqazi
I think 114.60 is sell
not before going above 115.
  • #64,430
  • Mar 9, 2017 7:20am Mar 9, 2017 7:20am
Quoting aliqazi
I think 114.60 is sell
No doubt there will be traders selling off a triple top formation but in my view (which may be wrong) any selling prior to the gap fill and a major key level begging to be tested - could be futile..Unless of course your scaling light leverage shorts in and are prepared to drawdown.
  • #64,431
  • Mar 9, 2017 8:59am Mar 9, 2017 8:59am
Why does 115 seem such a strong resistance? If it really closes above 115 tomorrow the upside is open again.
  • #64,432
  • Mar 9, 2017 9:07am Mar 9, 2017 9:07am
Quoting KovanTrader
{quote} not before going above 115.
here we go!
  • #64,433
  • Mar 9, 2017 9:28am Mar 9, 2017 9:28am
Bulls gets out of ammo @5 pips prior 115 hit?
Bears party begins!
Forcemeat can not be unrolled back...
  • #64,434
  • Mar 9, 2017 9:31am Mar 9, 2017 9:31am
Quoting catroot
Bulls gets out of ammo @5 pips prior 115 hit? Bears party begins!

  1. Possible: Yes
  2. Likely: No

  • #64,435
  • Mar 9, 2017 10:26am Mar 9, 2017 10:26am
Fundamentals just changed, but short term tech just rejected the resistence. I'll be looking for the end of this 4h candle in UJ, if it stays bellow 114.70-80 i'll keep my short, if not its time i admit defeat on this pair and look to go higher
  • #64,436
  • Mar 9, 2017 11:55am Mar 9, 2017 11:55am
Quoting Windstrown
Fundamentals just changed
Sounds like institutional will not catch a falling knifes any more... very promising thing. will trade it.
Forcemeat can not be unrolled back...
  • #64,437
  • Mar 9, 2017 5:22pm Mar 9, 2017 5:22pm
Quoting RondaRousey
{quote} I am still holding my long at 113
still long on this.
You came here for the truth and let me unveil it for you
  • #64,438
  • Mar 9, 2017 5:25pm Mar 9, 2017 5:25pm
sold UJ - SL attached... TP 114.15 minimum
Attached Image
  • #64,439
  • Mar 9, 2017 5:41pm Mar 9, 2017 5:41pm
Got 3 long trades as a hedge.

Seeing overbought RSI and Stochastic levels on my chart makes me think a retrace is due.
Amor Fati--F. Nietzsche
  • #64,440
  • Edited 6:19pm Mar 9, 2017 6:09pm | Edited 6:19pm
Quoting Don96
sold UJ - SL attached... TP 114.15 minimum {image}
why 114.15 minimum man? as now it broke up above previous high 114.750 in my opinion 114.680 should be is minimum target. but I don't see a good reason to short it from here yet. and 114.75 also was a double top on 4h, should be a good support now, but I don't mind price dip to 114.680 it's looks good to go long from there again. I'm not saying it's safe to place pending orders I like to enter and exit manually when I see price reaction.
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