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

Originally Posted by Alejandro Zambrano

I was short and got 35 pips but priced continued to drop with an additional 25 pips well every day can't be a champagne day lol

too right. i like the higher probability pips banked. not bothered about squeezing every pip from the move. i'm not that good.
looks like its retracing at last.
going short at 322 with 35 pt stop
hopefully there's another drop left in it

Originally Posted by jbiggart

too right. i like the higher probability pips banked. not bothered about squeezing every pip from the move. i'm not that good.
looks like its retracing at last.
going short at 322 with 35 pt stop
hopefully there's another drop left in it

Cool but be cautious - the momentum might die out.

Originally Posted by Alejandro Zambrano

Cool but be cautious - the momentum might die out.

will do. thanks

Bulls vs. Bears Early start today as we have a live coverage of BoE. We will start 10:00 GMT today (11:00 BST (London) = 06:00 EST).

www.dailyfx.com/bulls

No reason to bullish as long as we trade under 78.80 as the trend is bearish - look for a drop to 79.40. A breakout above 78.80 will shift the bearish trend to weak neutral and we might get a small push to 79.90

1hr time frame

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Bank of Japan May Step
in at this Technical Support Zone to Weaken the Yen

Originally Posted by Alejandro Zambrano

No reason to bullish as long as we trade under 78.80 as the trend is bearish - look for a drop to 79.40. A breakout above 78.80 will shift the bearish trend to weak neutral and we might get a small push to 79.90

1hr time frame

This setup went straight to the bin. As you probably have noticed most short term trends are collapsing telling us that we will be trading sideways for a day or two.

Anyone trading Yen pairs today? share your setups or let us just know what you are up to

Lower US Jobless Claims Pushing Up 10 Year Treasury Yields and Pushing Up Yen Pairs

GBP/JPY also moving higher as Bank of England left rates and asset purchase facility unchanged.

Originally Posted by Alejandro Zambrano

This setup went straight to the bin. As you probably have noticed most short term trends are collapsing telling us that we will be trading sideways for a day or two.

Anyone trading Yen pairs today? share your setups or let us just know what you are up to

waiting and watching.
will try little shorts if get reversal on big pic fib lines using 5 min chart and your 20sma method and selling at 50% rets.
wonder if this is start of bounce upto 10500 area?

hi greg, great to see your back.
thought you'd gone part time.
missed your posativety in the mornings

not sure if it wouldn't be better looking for shorting opertunities in eu/us around 13020-50 area, rsi div on 1hr and 4hr on eu/jp??

$USDJPY

What do you guys think about this? short setup forming?

Originally Posted by Gnarly

$USDJPY

What do you guys think about this? short setup forming?

it looks bullish to me with divergence on 4hr rsi & stocks, and a v. bullish candle. and its blasted through previous high on 1 hr. might just be having a breather before blasting through 200sma.

Originally Posted by jbiggart

it looks bullish to me with divergence on 4hr rsi & stocks, and a v. bullish candle. and its blasted through previous high on 1 hr. might just be having a breather before blasting through 200sma.

200sma is between 50% and 61.8% fibs / 80.00 strong psycho level, let´s see how this plays out, there is no trade for me at the moment, good luck and great post