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NZD/JPY Discussion 12 replies

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USD/JPY Discussion

Quoting Phil2015
{quote} And there it is! Good call! Hope you got it.
It was a choppy journey but now that the storm has passed the direction we're headed has become clearer. I hope you managed to get back in after the spike down?

I actually kept all today's positions intact. I imagined price would scrape through the 111.67 area and then retreat. The bulls are quite clearly in control for now.

I'm still aiming for 112.426. Tomorrow we could see it. But with the bull power shown late in the NY session I've released my TP from my 3 trades furthest from the price in the hope we'll see higher.
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Focus.
Holding my long till 112.4 today, and reassess then.

Let's see how strong the bull is this time.......
Expect the unexpected; take your profit and run.
Recharge guns @111.55
Forcemeat can not be unrolled back...
buy on dip UJ
Quoting Marco-Kanto
{quote} I hope you managed to get back in after the spike down?
Yes, I'm still in. I didn't get out. I've moved my stop to 111.50 and with the overnight high of 112.20 hopefully today we will see the target hit or exit at +100
Hello
Where do you think this move up will stop? I see there was a level on 112 in the end of February, then 112.4 and 112.7.
Asking, as I'm keeping my shorts from 111
Looks like it is ending it's retractment at the 61.3% fib level.
IMO there may be a down move towards 110
What are you guys opinions on the move?
I look for value wherever it can be found
Quoting uszatek
Hello Where do you think this move up will stop? I see there was a level on 112 in the end of February, then 112.4 and 112.7. Asking, as I'm keeping my shorts from 111

Pick a level, it's anyone's guess in my opinion. I'm hoping it will get to 112.38.
For me the target 112.7 sounds very reasonable. This is montly dead cross.
Don't think BoJ will drive the pair higher. 112.9 is a serious upward resistance.
Forcemeat can not be unrolled back...
Quoting synicz
Looks like it is ending it's retractment at the 61.3% fib level. IMO there may be a down move towards 110 What are you guys opinions on the move?
hi guys
Could you show me your 61.3% fib level?
Quoting Lukan
{quote} hi guys Could you show me your 61.3% fib level?
Here you go, but fib levels are kinda subjective.
If enough people notice this point and act on it, then it will probably work.
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I look for value wherever it can be found
We might have a H/S forming on the 15min and 1HR chart. If 111.77 won't hold I see the next stop at 111.41. Otherwise 112.25
Quoting Larshw
We might have a H/S forming on the 15min and 1HR chart. If 111.77 won't hold I see the next stop at 111.41. Otherwise 112.25
And a very beautiful looking H/S at that!

Well that should be confluence to sell now. Too bad i entered my short wayyyy too early (111.25)
I look for value wherever it can be found
Quoting synicz
{quote} And a very beautiful looking H/S at that! Well that should be confluence to sell now. Too bad i entered my short wayyyy too early (111.25)
I would wait for a close below 111.77 on the 1HR to short now, but I also need to see a close above 112 before going long... A little too funky PA for my taste, but god for scalps if that is your thing.

I think I'll have a beer and start the weekend
Quoting synicz
{quote} And a very beautiful looking H/S at that! Well that should be confluence to sell now. Too bad i entered my short wayyyy too early (111.25)
I Was about to post the same thing about my 5m chart, good to know others are thinking the same.

I Think 111.7 for short?
Quoting Starcraftmaz
{quote} I Was about to post the same thing about my 5m chart, good to know others are thinking the same. I Think 111.7 for short?
111.77 is a very important level. I would only go short IF a close below that on the 1HR and sell the retrace up. I am more bullish though...
Quoting Marco-Kanto
{quote} It was a choppy journey but now that the storm has passed the direction we're headed has become clearer. I hope you managed to get back in after the spike down? I actually kept all today's positions intact. I imagined price would scrape through the 111.67 area and then retreat. The bulls are quite clearly in control for now. I'm still aiming for 112.426. Tomorrow we could see it. But with the bull power shown late in the NY session I've released my TP from my 3 trades furthest from the price in the hope we'll see higher. {image}

it looks like that one could be the tg for this run anything around 112.40/112.80 thou today high suspicious for a short term top
For today it would seem a lower closing from current price 111.900
Sold on 111. 75 sl 112.1
Quoting Starcraftmaz
Sold on 111. 75 sl 112.1
All the best!

Fundamental wise, US data report dissappoints. Things arent looking too good for the dollar today. After one hell of an up rally
I look for value wherever it can be found
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