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

Thomas, you are risking 300 pips to make 1000 , that is better then 3 to 1 risk reward, that part I like. My concern is after failling at 70.00 four times if it does get above that point this time that would be looked as a break out and price could take off from there. For my money I would need to see price fail in that 69.00 to 70.00 zone before going short, but that is just the way I trade. Good luck, hopefully it works out and you can tell us all you told us so. Good Trading

Originally Posted by ThomasNotas

Hello traders. I have a good trade. It's about NZD/JPY. Below we see in the weekly chart the sidelines that currency moves. I'll put a sell entry order @68,50, stop @71,50 and limit @58,00.

Seeing a weekly close above resistance line, I'll close my position directly. In the area of 63,00 maybe I'll close a part of my position to lock some profits.

Attachment 136459

Thanks. Lost big time on the way up from the EU news. I'll try to make a comeback

sold UJ 79.92 adding 79.95


mental stop above 80.15 area


tg 79.63 area

Originally Posted by root-minus

sold UJ 79.92 adding 79.95


mental stop above 80.15 area


tg 79.63 area

Attachment 136484


quasi setup, going ok

booked lower sell, secured 79.95 entry

Originally Posted by root-minus

Attachment 136484


quasi setup, going ok

booked lower sell, secured 79.95 entry

this chart is GPBJPY but over all support can bring bulls back in and am bullish mid term

time to hit sack

Originally Posted by jogold18

this chart is GPBJPY but over all support can bring bulls back in and am bullish mid term

time to hit sack

Attachment 136495


l see a range rather than a clear bullish bias within this tf

actually, would prefer buys lower, yes, bullish bias

Originally Posted by root-minus

Attachment 136484


quasi setup, going ok





booked lower sell, secured 79.95 entry

tg achieved

Here is a very bearish weekly candle. My target is 76.70, stop above the long term 38.2 fibo line at 78.90
Attachment 136502

Originally Posted by Bignatx

Here is a very bearish weekly candle. My target is 76.70, stop above the long term 38.2 fibo line at 78.90
Attachment 136502

do you see there very strong for bull pattern? just my 2 cents forget it if not match with your analysist

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EURJPY


AUDJPY


USDJPY

The initial reaction on the less good than expected ISM is putting EUR/JPY on track to 99.

USD/JPY is now trading under its morning support and can reach 79.20 but then people will most likely start to buy if not then a drop under 79.11 will expose 78.80.

I am myself short EUR/JPY with a stop at 100.80. I am hopping to reach the 99 area. I need EUR/USD to reach 1.25 for this to happen. Is anyone trading the yen pairs today?

Originally Posted by Alejandro Zambrano

USD/JPY is now trading under its morning support and can reach 79.20 but then people will most likely start to buy if not then a drop under 79.11 will expose 78.80.

I am myself short EUR/JPY with a stop at 100.80. I am hopping to reach the 99 area. I need EUR/USD to reach 1.25 for this to happen. Is anyone trading the yen pairs today?

i'm short at 9984 - will enter short higher if stopped - like your target

Originally Posted by biggari

i'm short at 9984 - will enter short higher if stopped - like your target

cool It looks like we will trade a bit higher now. I am not sure if I want to keep my short for that much longer. I am overall bullish the EUR/JPY

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