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

USD-JPY 12-Mar-2012

Previous Outlook : Sell near the level of 81.45, stop loss level of 82.25, to target the levels of 80.70, then 80.15, and 79.50.

Comment on Previous Outlook : The pair reached the first target of +75 pips then the stop loss.

Today’s Look: Prefer today to sell near the level of 82.40, stop loss level of 83.20, to target the levels of 81.70, 81.00, then 80.40.


USD-JPY 12-Mar-2012 | Ahmed Azzam Analysis

Hello Traders! This week's High Priority Economic Announcements will also include the all important US FOMC meeting that will discuss future interest rates and stimulus. Tomorrow's US Advanced Retail Sales will be heavily watched as the US consumer has been the engine of global growth given a slowdown in China a growing recession in Europe. Can the US consumer keep the economic "ball" rolling another month?

I will be off the desk this week and will return Monday, March 19th.

Happy trading!

Regards,

Greg.

Originally Posted by Luxuriant

Sorry for the double post Greg. But I watched this video in Dec. Its black swan. But he was right. Its very interesting that he predicted this in Dec. He states 94.00 is not out of the question.

Market Outlook by Ron William, Technical Strategist at MIG BANK, on USD/JPY

USD/JPY verging on a major 40 year cycle reversal



USD/JPY verging on a major 40 year cycle reversal - YouTube

Thanks for sharing this video link with us, Luxuriant. Looks like he is on to something.

I told another stab with shorting USD/JPY today. Open short positions at 82,90 and 83,20.

Both sl 83,50, target 82. May quit 82,90 position at break even.

Lucky that my sl was hit. USD/JPY just reached its 100% Fib level last night (84,171) in weekly chart.

I'm fighting my desire to short this pair again. We both know what comes up must goes down and the movement of this pair in the last 6 weeks is just ridiculous.
Really wonder if we can see 85 at the end of this week.

Trend is way to strong to short. On Cad/JPY I was going to short at 85.00. When my set limit was to be hit. I moved it up tonight. I also went long EUR/JPY on a dip today at 108.886 looking for a limit of 112.00. I know black swan. Sentiment has changed on USD/JPY more shorts than longs. Will probably mean more USD/JPY gains. Japan exporters must be dancing in the streets of Tokyo. I just cant see going short until a strong trend is broken.

Peace

BOJ states "Yen should go lower at weeks end on good US data"

Lucky that my sl was hit. USD/JPY just reached its 100% Fib level last night (84,171) in weekly chart.

Originally Posted by jogold18

i think we can see the same with eur/jpy and even more so with gbp/jpy...... gbp/jpy looks more prone to break T1 and eur/jpy looks like we can hit T1 and find resis once we get up there.

nice charts technical analysis foooooolllll, keep it up

i think after some time, price has manged to break out of a major TL.

First Day Back to the Pip and Run Trading Room and I scored +39.8 Pips

Hello Traders!

After being away from trading while on vacation, I was able to see things a bit more clearly upon my return. I got long EUR/JPY at 109.36 and grabbed a quick 4 pips. I tried to use a bollinger band 1-minute sell signal to scalp in the opposite direction but was stopped out for a loss of -5.8 pips. I like scalping in the direction of the trend so a better trade would have been to get long when price penetrated the lower band for a ride to the upside. Naomi asked about my thoughts about GBP/USD and I saw that price was breaking out of a tight consolidation and I fired off 4 winning trades riding cable north toward the R1 pivot at 1.5820. I got off the train a little before that fo almost 37 pips total on multiple lots. I tried a long on EURGBP but I closed it for a lost of 13.7 pips.

Join me in the Pip and Run Trading Room at 5:30 ET/9:30 GMT for all the trading fun Monday through Friday!

It is very important for traders to take breaks and periods of rest to remain mentally sharp. Our profession is quite demanding on the mind!

Hello Yen Traders! Big Run Up in GBP Ahead Of Key UK Data May Be Premature- Look for a correction back toward 131.85 if old highs at 132.50 are not breached during NY trading session. From the 131.85 are look for push above 133.00

Happy Trading!

High Priority Economic Announcements for Week of March 19-23rd

Hello Traders! I hope you had a relaxing weekend as market action will be in full swing as economic news announcements around the world spark price action. Central Bank minutes from Australia and the UK as well as GDP from New Zealand and inflation data out of Canada are among the releases traders will keep their eye on.

Happy Trading!

Greg McLeod
DailyFX Forum Moderator

EUR/JPY Bearish MACD Divergence May Signal Correction- Target 109.24

set your stops

Originally Posted by EducatedThug

set your stops

sorry chart attached