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USD/JPY Discussion

  • #64,661
  • Mar 21, 2017 9:29am Mar 21, 2017 9:29am
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Just wanted to check if my thinking was right, still wet behind the ears on forex.

USDJPY is still inside of a huge range that looks like its breaking as we speak. Because price has broken this large range zone, it is safe to say that price will find support somewhere around the 112.000 mark correct?
  • #64,662
  • Edited 10:09am Mar 21, 2017 9:49am | Edited 10:09am
After 3rd attempt on 112.50 , it's now heading 112.00.

CLOSING ALL MY POSITION AT 112

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  • #64,663
  • Mar 21, 2017 10:25am Mar 21, 2017 10:25am
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  • #64,664
  • Mar 21, 2017 10:38am Mar 21, 2017 10:38am
long @111,870

hope it flyes like a bird
  • #64,665
  • Mar 21, 2017 10:48am Mar 21, 2017 10:48am
Quoting brnofs
long @111,870 hope it flyes like a bird
Lets hope we don't get shit on!
  • #64,666
  • Mar 21, 2017 10:55am Mar 21, 2017 10:55am
Quoting ss30
{quote} Lets hope we don't get shit on!

Esther is the hawk we need for now
  • #64,667
  • Mar 21, 2017 11:14am Mar 21, 2017 11:14am
fun to trade on m2 but a nightmare on h4 lmao
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  • #64,668
  • Mar 21, 2017 12:26pm Mar 21, 2017 12:26pm
111 test upon data @ asian will be interesting. It's either game over and this sinks hard or we get a huuge reversal and starts ascent into 120.
Let's see what we get today!
  • #64,669
  • Mar 21, 2017 12:26pm Mar 21, 2017 12:26pm
keeping an eye on DXY daily chart can get you paid big in USDJPY )))
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  • #64,670
  • Mar 21, 2017 12:29pm Mar 21, 2017 12:29pm
the reversal could be huuge or USDJPY goes in crash mode towards 100 level )))
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  • #64,671
  • Mar 21, 2017 12:31pm Mar 21, 2017 12:31pm
What do you mean, its going to 100 or 120????
  • #64,672
  • Mar 21, 2017 12:35pm Mar 21, 2017 12:35pm
added another short 111.90
  • #64,673
  • Mar 21, 2017 12:35pm Mar 21, 2017 12:35pm
Quoting omairlodhi
What do you mean, its going to 100 or 120????
111 to 120 if 111 holds ground today (DXY gap fill).
  • #64,674
  • Mar 21, 2017 12:36pm Mar 21, 2017 12:36pm
Quoting asgcorp
the reversal could be huuge or USDJPY goes in crash mode towards 100 level ))) {image}
nice bra lol
  • #64,675
  • Mar 21, 2017 12:39pm Mar 21, 2017 12:39pm
Quoting PatienceFx
{quote} nice bra lol
look @ GBPJPY weekly compressed in tight range last 5 weeks won't stay that way for a long time, about to break out.
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  • #64,676
  • Mar 21, 2017 12:44pm Mar 21, 2017 12:44pm
and GJ daily. whichever way you look @ it it's compression and break out coming next.
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  • #64,677
  • Mar 21, 2017 12:59pm Mar 21, 2017 12:59pm
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  • #64,678
  • Mar 21, 2017 1:11pm Mar 21, 2017 1:11pm
if 111.80 ish hold down move done for today
  • #64,679
  • Mar 21, 2017 1:21pm Mar 21, 2017 1:21pm
Who's in for catching some falling knives? I am really tired of this pair anymore. Two SL and two TP triggered so far, and I have barely earned few pips.

Any fundamental reasons for why this pair should go up, instead of going further down, to 111, 110, or possibly lower? Maybe most of us are just fooling ourselves? Dollar has got weaker in past few days, and who knows how much is that going to last...
"Don't lose your cool, and you will fare well".
  • #64,680
  • Mar 21, 2017 2:12pm Mar 21, 2017 2:12pm
Quoting diana91
Who's in for catching some falling knives? I am really tired of this pair anymore. Two SL and two TP triggered so far, and I have barely earned few pips. Any fundamental reasons for why this pair should go up, instead of going further down, to 111, 110, or possibly lower? Maybe most of us are just fooling ourselves? Dollar has got weaker in past few days, and who knows how much is that going to last...
Agree, hardly anybody gets lots of pips these days. It's even harder with UJ. We don't know if it will break to 110. But there is a good chance. Just an opinion. I will be long when it's 110.
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