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USD/JPY Discussion

  • #66,561
  • May 19, 2017 3:56pm May 19, 2017 3:56pm
Quoting JRissa
{quote} Ready for next drop? How low can you go? https://youtu.be/hFijEyndgmc
Told ya.
Little early, but more time to load up

Forex is fun!
I know the secret...
  • #66,562
  • May 20, 2017 1:07am May 20, 2017 1:07am
111,1 key for going down... for 111,7 upper bound. Below 111.1 or 111.2 the close I was expecting that it would be clearly bearish, but that didn't happen. Next week will clear the picture... Have a good weekend! GL
Don't start a game in which do not know the rules
  • #66,563
  • May 20, 2017 2:25am May 20, 2017 2:25am
UJ twilight zone area…
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Self discipline It is a practice
  • #66,564
  • May 20, 2017 12:14pm May 20, 2017 12:14pm
the S&P may not exceed 2400 and we have seen this week that it fell hard

the last time that it has fallen so hard was during the 2008 financial crisis

it will be interesting to see what happens to USD/JPY as S&P approaches 2400
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Don't Worry Be Happy
  • #66,565
  • May 20, 2017 3:56pm May 20, 2017 3:56pm
Quoting MrPresident
the S&P may not exceed 2400 and ...
umm it already has.

In fact 3 different days.

And what do you mean by last time it fell as hard was 2008. By what measure are you using.
  • #66,566
  • May 20, 2017 5:51pm May 20, 2017 5:51pm
Quoting SunTrader
{quote} umm it already has. In fact 3 different days. And what do you mean by last time it fell as hard was 2008. By what measure are you using.
exceeding means having support above 2400 and then rising from there

and it did fall during the financial crisis of 2008 if you look at the chart
Don't Worry Be Happy
  • #66,567
  • May 20, 2017 6:22pm May 20, 2017 6:22pm
Quoting MrPresident
{quote} exceeding means having support above 2400 and then rising from there and it did fall during the financial crisis of 2008 if you look at the chart
Of course it fell in 2008. It fell plenty of other times too. Why has that got to do with current correction is my question. Because on a percentage basis Wednesday's drop wasn't even the biggest since 2008.
  • #66,568
  • May 21, 2017 7:25am May 21, 2017 7:25am
Quoting SunTrader
{quote} Of course it fell in 2008. It fell plenty of other times too. Why has that got to do with current correction is my question. Because on a percentage basis Wednesday's drop wasn't even the biggest since 2008.
it shows that the market is vulnerable and a correction is likely near
Don't Worry Be Happy
  • #66,569
  • May 21, 2017 11:45am May 21, 2017 11:45am
For a medium term play (looking to hold for at least 2-5 days), the momentum and volume is bearish. The RSI is also bearish.

It'll be interesting to see where price opens and seeing whether the new defence deal that they've signed over the weekend gives any boost to USD, or whether the market is still worried about Trump's presidency.

If there are no major gaps, I hope to enter short somewhere between 111.20 and 111.40. The higher the better!

Stop loss set at 111.80 and take profit will depend on price action.

What are everyone else's thoughts?
  • #66,570
  • May 21, 2017 12:03pm May 21, 2017 12:03pm
Quoting MrPresident
{quote} it shows that the market is vulnerable and a correction is likely near
Forget I asked.
  • #66,571
  • May 21, 2017 12:30pm May 21, 2017 12:30pm
short term 60min chart looks like a bit more upside right now.. this one has been hard to trade lately..
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Wave-Trader- Charts as DocHolliday on Tradingview also
  • #66,572
  • May 21, 2017 1:09pm May 21, 2017 1:09pm
$Y (h1)

trend (daily) sell
(h1) long (but is very close to the trigger line, though I see an hidden divergence (the price could go up)
(m15) sell

P.S.
anyway, my expectations for the begining of the week of Dax is a drop of 300 points ( TP 12330 about), resulting in a bearish (correlated) mood of $Y
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... panta rei ... (Heraclitus of Ephesus, 535-475 BC)
  • #66,573
  • May 21, 2017 1:39pm May 21, 2017 1:39pm
USD/JPY posted some losses this week. Probably it will keep going down give the weakness of the US dollar.
  • #66,574
  • May 21, 2017 3:25pm May 21, 2017 3:25pm
The opening is likely to be lower, around 111 . At the moment 111,03
http://www.cnbc.com/world/?region=world
Don't start a game in which do not know the rules
  • #66,575
  • May 21, 2017 8:08pm May 21, 2017 8:08pm
i think uj will do something hahahahahahahahaha
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  • #66,576
  • May 21, 2017 8:20pm May 21, 2017 8:20pm
on a serious note we are still in a vicious range of 111.62 / 111.00 , a break either side decides what we do this week

if h4 macd thinks we are bearish then so it is
  • #66,577
  • May 21, 2017 11:16pm May 21, 2017 11:16pm
Quoting PatienceFx
i think uj will do something hahahahahahahahaha {image}
Question is, what? hahahahahaha.
  • #66,578
  • May 21, 2017 11:24pm May 21, 2017 11:24pm
5mins, 15mins and hourly looks bullish.

Could be a long to 112 before reversing. Remember folks, Euro isn't open yet and we're already seeing a strong showing by the USD.
  • #66,579
  • May 22, 2017 2:54am May 22, 2017 2:54am
I wonder what will happen here
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Don't start a game in which do not know the rules
  • #66,580
  • May 22, 2017 3:04am May 22, 2017 3:04am
Quoting PatienceFx
{quote} where ?
Here
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Don't start a game in which do not know the rules
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