Thread: Discuss USD/JPY, GBP/JPY, and other JPY Pairs

Originally Posted by Loudness

I'm tired of waiting, so I have TP @ 87.96. Its a good start for the week! Later ISM data should be bearish for the dollar. Buyers beware!

I am still waiting and see if your prediction are true..around 88.30/50..I even doubt it will surpass the 88.00..so lets see

Originally Posted by Lee Saunders

Loudness, I'm relaxing. What's ECN?

There are two types of brokers, ECN and Market Makers. ECN put all your orders in the open market or to Banks while Market Makers absorb all your orders.

Hello i'm ready bring on the LONG

Originally Posted by skydiver

I would never call you crazy Mihai your posts always make perfect sense - but im very much like COOL at present. Short untill 134 goes then get bullish.

Cool, ive been withdrawing funds as you suggested, it hasnt been a lot in the past 2 weeks, but it does make me feel better when i do.lol

Equities up across the board but im not sure if investors will have the confidence to hold longs. We will see.

Hello I am typing from my phone. Sky thanks for ire comments.closed most of my longs as I am looking to buy again on a dip. Earnings season starting next week with alcoa as the ice breaker. As I said it might go lower or play around this week but I am very bullish for the end of the week and next week. Regards

I was lucky I got out. ISM data bad for dollar. Now should see a retest of the 86.96 low and eventually 85.00/84.80. Should 88.30/50 be broken (very unlikely), will be a bull run starting. Otherwise very bearish sentiment.

Originally Posted by Loudness

There are two types of brokers, ECN and Market Makers. ECN put all your orders in the open market or to Banks while Market Makers absorb all your orders.

Market Makers are furthe sub-divided into "dealing desk" and "no dealing desk" methods.

No dealing desk brokers like FXCM don't take the other side of your trade and don't "win if you lose". Dealing desk brokers win when you lose.

No dealing desk brokers (market makers) make their money off of a piece of the spread as they pass the orders on to the interbanks.

With the SSI being over 4 still, the USD/JPY downtrend is likely to continue.
If an hourly candle closes below the black line, then I may short again.

Originally Posted by Loudness

I was lucky I got out. ISM data bad for dollar. Now should see a retest of the 86.96 low and eventually 85.00/84.80. Should 88.30/50 be broken (very unlikely), will be a bull run starting. Otherwise very bearish sentiment.

We can very clearly that just USDJPY is very hardly break above 88.00

Originally Posted by Sean Hyman

Market Makers are furthe sub-divided into "dealing desk" and "no dealing desk" methods.

No dealing desk brokers like FXCM don't take the other side of your trade and don't "win if you lose". Dealing desk brokers win when you lose.

No dealing desk brokers (market makers) make their money off of a piece of the spread as they pass the orders on to the interbanks.

Thanks Sean, for your clearer info.

Originally Posted by mihaia2002

Hello I am typing from my phone. Sky thanks for ire comments.closed most of my longs as I am looking to buy again on a dip. Earnings season starting next week with alcoa as the ice breaker. As I said it might go lower or play around this week but I am very bullish for the end of the week and next week. Regards

Thanks mihaia for your input. For me I would wait for july 11 for the big news in japan, where elections are going to be held here. After that I would then decide on which direction the Yen might head to.

Plus its the World cup finals, haha!

For now I would continue to be a bear after failures to break 134 and 135. if Daily candle closes above my daily ema-50. then i might turn to be a bull.

Originally Posted by Gooch

closing 75% of my longs from 132.50 will put the stop at BE on the rest . Have a great day guys got to get some sleep .

Good to see you back, Gooch.

GBP/JPY is still caught up in a relentless range so far. Will be glad when it breaks out.

Originally Posted by Sean Hyman

With the SSI being over 4 still, the USD/JPY downtrend is likely to continue.
If an hourly candle closes below the black line, then I may short again.

It looks like break the black line now? any suggestion?

Originally Posted by J.Giordano

It looks like break the black line now? any suggestion?

If you want, go for it! The black line is broken! I am not selling.

Originally Posted by Loudness

If you want, go for it! The black line is broken! I am not selling.

As Sean has pointed out before, it has to be below the line on the hour mark. Right now it is well below it, but we would be advised to wait about 10 minutes longer...

Originally Posted by ngi000

As Sean has pointed out before, it has to be below the line on the hour mark. Right now it is well below it, but we would be advised to wait about 10 minutes longer...

Hello

May I know why must be wait 10 minutes again?breaking another line?