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

Originally Posted by aclmeister

if nonfarm payrolls go up in US should the USD be expctd to go up as well? in essence, usd/jpy mayb mak a jump may 4th?

Welcome to the forum!

Yes - with a good NFP the probability is high that we will create a good low in USD/JPY

Dear forum,
long time - no see, but here I am again.
Those that think about selling the yen - think twice before doing it.
Yen is going mid-term up, so don't be deceived by short-term weakness.
I am short CHFJPY (target 86) and CADJPY (target 78.30)
AUDJPY is also going down, but I am flat due to negative roll

Hi Alejandro,

Do you have an updated chart for the USDJPY?

Originally Posted by BullORBear

Hi Alejandro,

Do you have an updated chart for the USDJPY?

Hello! Welcome to the forum.

USD/JPY will probably remain bullish over the next few hours but as long as we trade under 81 the overall trend is bearish and it would not surprise me if we reach to the 79.50 level. What is your outlook?

Thank you
Alejandro

USD/JPY Rebound May Be Short-Lived

After Big Drop in EUR/JPY, a Rally to Revisit 106.00 Could Be Next Before Deeper Decline

Hello Traders,

If you missed the over 1% decline in the EUR/JPY this morning, despair not as you may have another shot to short this pair as it rebounds toward the 106.00. Look for a collapse below 105.00

Originally Posted by not_now

Dear forum,
long time - no see, but here I am again.
Those that think about selling the yen - think twice before doing it.
Yen is going mid-term up, so don't be deceived by short-term weakness.
I am short CHFJPY (target 86) and CADJPY (target 78.30)
AUDJPY is also going down, but I am flat due to negative roll

What would be a good price to go short in CAD/JPY and AUD/JPY

Originally Posted by Alejandro Zambrano

What would be a good price to go short in CAD/JPY and AUD/JPY

There is interesting situation where almost all JPY crosses manifest some form of head-and-shoulders look. In my experience H&S NEVER work, except now perhaps
Playing H&S break can be quite tricky because very often the price will break up or down, then go on a stop-loss hunting spree and then (again) return in the "correct" direction.
There was descending triangle happening with CHFJPY that yielded nice short entry. Even today as it pulled back to the underside of the triangle.
I must say that I am already short with this pair so I didn't play the triangle
Here it is

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Originally Posted by Alejandro Zambrano

What would be a good price to go short in CAD/JPY and AUD/JPY

There is tentative consolidation channel on CADJPY whose break would be logical short entry. It is also coincident with the support that defines the H&S



Uploaded with ImageShack.us

CAD/JPY Strong Breakout to the R1 Pivot Looks Like a Great Short Setup

Short USD/JPY @ 80.31

Originally Posted by Davin

Short USD/JPY @ 80.31

Looking good Davin! Nice candlestick reversal pattern near R1 Daily Pivot. Good luck to you.

Hey Traders! Let's get this party started with a Lightning Round!

Just post your open positions with your stops and limits in sentence or two.

Even if you are "Flat" or "no position " or waiting for a specific price level to be triggered.

Don't worry about a chart or a detailed explanation!

Don't be Shy!

I'll start: Short CAD/JPY@ 81.62 stop 81.75 Limit 81.41

usd/jpy short @ market when we move below the intersection of this 2 triangles, ie, when we break the trendline

Originally Posted by Gnarly

usd/jpy short @ market when we move below the intersection of this 2 triangles, ie, when we break the trendline

Looking at a similar setup I but prefer to short EUR/JPY -> if we get bad NFP the Yen should get a good boost.