USD/JPY Discussion

What makes you say that?

That's a crazy bullish hourly candle. Looks a bit like inverse h&s on hourly too.

Anyone else think it's going to 115 now?

UJ is bullish on even a 1 minute but how far up is anyone's guess.

Very short term trend now down.

Anyone selling 114 ?

Bearish Trendline Broken and tested. I'd like to blame the latest round of buying on the BoJ however technically this is a breakout level for trendfollowers so the bullishness is more then likely the result of those buyers. Id like to be short but with bearish trendline violated and without a lower low below 113 I can't tactically justify being short.

Additionally due to huge resistance between here and 115.5X I can also neither justify being long (although that doesnt preclude the possibility of a stop hunt past 114.40-115.50 to clear out old shorts before next leg down.

At this point U/J has no risk adjusted trade. Possible we will ping pong back and forth between 116 and 109 from here until September.

Anyway no more U/J for me until things change.

Will try a long here risking 12 for 20

Exit the channel D chart

I think that in the near future we will see such a scenario, at the moment 113.3 is the key . If we go below this level and not returning to it continue to fall then we can expect 109,5, and then re-113,x If there is a test you can go lower than 109.5 just a thought...If the bulls go further up - it will be abnormally and I've seen the last of this shit in 2011. Today or tomorrow the picture will be clear.

sell scenario for USD/JPY

Here you can see my intraday levels for USDJPY for today.
Im full time trader, has been trading for long time and these levels are one of the best method I ever tried and know. You can enjoy it with me if you wish.
All levels are placed in InteractiveBrokers on limits, no waiting. Limit, SL, TG and forget it. Sometimes I manage the trades with help of order flow and tape reading skills, usually just let it go .

Sell limit 113.64, SL visible on line in chart 113.77, TG 113.51.
Buy limit 112.86, SL visible on line in chart 113.74, TG 113.98.
Buy limit 112.57, SL visible on line in chart 113.51, TG 113.63.

Looks like a W

If US data is good, maybe it will rally to close above 114, opening the door to 115.

Anyone care to critique ?

Green trendline is fresh & colliding with weekly .. my eyes are on and around that

And target 113.51 hit. Look for level 113.52 (several times missed my target level 1pip) which I shaded. Its what I call unfinished auction or you can say 3 same lows close to each other on 30min candles. This is quite interesting level of support resistence and when market went through it can start nice downtrend here.

Bear seem to be gaining strength

112.8 hit, my limits triggered.

Up now?

USD/JPY @ 112.80

Stops triggered and 100 DMA broken ..

The cross selling will definitely come into play here as JPY strengthens and many are caught long .

Easy Tiger. Give it a rest.☺

i'm long from 112.5 as it looks difficult for this pair to get below this level