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

Originally Posted by jet813

well good - it's all a matter of perspective on what one is looking for I guess - personally I'm long from 80.76 so - obviously i have a much longer term bias and goal

Exactly! There's rarely only one right decision...

Next trade:

USD/JPY Long from 82.40 targeting 84.40. Entry and profit target based on Fibonacci retrace levels measured from 84.50 to 81.90. Target also close to 84.50 high set on 15/12/2010. Stop - 81.60 just below low on 19/01/2011.

Any thoughts?

PS - this forum is really not bad at all. Provides a medium to communicate various strategies with proper moderation. Thanks for that.

Originally Posted by enslinforex

Exactly! There's rarely only one right decision...

Next trade:

USD/JPY Long from 82.40 targeting 84.40. Entry and profit target based on Fibonacci retrace levels measured from 84.50 to 81.90. Target also close to 84.50 high set on 15/12/2010. Stop - 81.60 just below low on 19/01/2011.

Any thoughts?

PS - this forum is really not bad at all. Provides a medium to communicate various strategies with proper moderation. Thanks for that.

Yes I'm thinking along the same lines a break and close above about 85.00.

Fx Hawk

High Importance Economic News Releases for Week of 2/14/2011

For a more details visit the Full Daily FX Calendar

High Importance Economic News Releases for Week of 2/14/2011

For a more details visit the Full Daily FX Calendar

Originally Posted by Gregory McLeod

High Importance Economic News Releases for Week of 2/14/2011

For a more details visit the Full Daily FX Calendar

Dear Gregory!

I am keen on seeing your new post/chart about USDJPY.

83.80 at the moment. It is a resistant level isn't it?

Where do you thing this pair going next? My opinion is that a little correction is possible till 83,30-40. Am I right?
If you have time please answer.

Originally Posted by sommer

Dear Gregory!

I am keen on seeing your new post/chart about USDJPY.

83.80 at the moment. It is a resistant level isn't it?

Where do you thing this pair going next? My opinion is that a little correction is possible till 83,30-40. Am I right?
If you have time please answer.

To the moon - but that's just my opinion - long uj for a long time off a monthly signal

Originally Posted by sommer

Dear Gregory!

I am keen on seeing your new post/chart about USDJPY.

83.80 at the moment. It is a resistant level isn't it?

Where do you thing this pair going next? My opinion is that a little correction is possible till 83,30-40. Am I right?
If you have time please answer.

Originally Posted by jet813

To the moon - but that's just my opinion - long uj for a long time off a monthly signal

As US Tresury Yields go up USD/JPY seems to head higher. Congressional spending, higher taxes and inflation are driving higher yields to offset these growing risks to the US economy. Greece and Irish bond yields have increased because of their huge amount of debt. If high debt= high yields, then the US 10 yr should go higher and if the positive correlation to USDJPY remains in tact, then a higher USDJPY can be expected. I still believe a break below the lows is possible .

Originally Posted by jet813

To the moon - but that's just my opinion - long uj for a long time off a monthly signal

I like that ... to the moon. Greg's chart pointing out to 98.

MY FORECAST IS BULISH IN WAVE 3 YELLOW

Ok, just top up my short again. Never know. Have a nice eveninig

Originally Posted by lmrtrader

I like that ... to the moon. Greg's chart pointing out to 98.

lol well from15 year lows that's close to the moon

the reason I've been so bullish uj for quite a while now - I've posted this chart before it's the monthly look - not too many traders look here imo

Anyone have any thoughts on this pair regarsding upcomming news and techs....and the market as a whole. This un-challenged run up is starting to look a little stretched out.

follow up to last post. Same outlook as before, looking for one more leg down before large upside move. Only changed top pattern line to reflect latest price action for better fit.

BOJ Raises Econ Assessment In Feb Monthly Report, 1st Time In 9 MosTOKYO (Dow Jones)--The Bank of Japan raised its assessment of the economy for the first time in nine months in its February economic report, starting to see improvements in the nation's key engines of growth.

"Japan's economy is gradually emerging from the current deceleration phase," the BOJ said in the monthly report released Wednesday.

The central bank also upgraded its views of key elements of the domestic economy--exports and industrial production.

"Exports and production are showing signs of resuming an uptrend," the BOJ said. In the January report, it said exports had been "somewhat weak," and output had "declined slightly."

The central bank's policy board voted unanimously at the end of its two-day meeting Tuesday to leave the unsecured overnight call loan rate in a 0.0%-0.1% range

HAVE A NICE DAY.

I guess the daily trend on the GJ is BULLish for a long time soon.

My RSI reads 67% from a 61% in the past three days.
Yesterdays 160+ pips weighs for most of the BULL trend and Japans BOJ news was moderate in my opinion, hence I am looking at a possible spike towards the North Pole by mid day.

Head and shoulders in the present 30mins chart.

In current Buy for R1=135.78, after which next stop is +50 pips or 140.00