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

mihaia

the way that behaves now finally they is very strange, personally I would say that in relation with other pairs it a lot does not respect and the news and the technical analysis. now finally it does not have any shaping, and you do not understand what wants it makes, they is as if you bet up or down....




WILL CLOSE THEM BEFORE THE NEWS TOMORROW !!!

that better

Originally Posted by Sean Hyman

Yeah, my guess is that it will be after the G-20 and IMF meetings are over, which will be after the weekend.

Pushing the ceiling a bit right now at 93.40, lets see if it gets turned away.

opinions ?




only that with it likes they is that right however it should they is lower than the left winger, and this it gives few probabilities

Originally Posted by mag35

opinions ?




only that with it likes they is that right however it should they is lower than the left winger, and this it gives few probabilities

i dont see this pair going down im long from 143.00

Originally Posted by mag35

opinions ?

hey mag are you a member of forex factory if so is fullhouse your name?


only that with it likes they is that right however it should they is lower than the left winger, and this it gives few probabilities

hey mag are you a member of forex factory if so is fullhouse your nick name?

Originally Posted by Sean Hyman

USD/JPY's 50 day SMA is crossing up above its 200 day SMA. Also, the pair is still holding above its downtrend line.

Also, if you go back further in time, you can see the downtrend lasted for 3 years and its finally broken that 3 year downtrend line. Now that's something!

I would have loved to ride a 3 year wave, must have been nice. Maybe I'll catch a wave to the upside, and see if it lasts just as long.

Originally Posted by Uber FX nUblet7

I would have loved to ride a 3 year wave, must have been nice. Maybe I'll catch a wave to the upside, and see if it lasts just as long.

Good to see you, Uber...

Oh, I'm not implying that I rode the downtrend for 3 years. I was in and out, here and there throughout it.

Yeah, I hope to catch some serious "up side" here too.

Originally Posted by speculator4x

Pushing the ceiling a bit right now at 93.40, lets see if it gets turned away.

Looks like a near-term inverse head & shoulders (bullish pattern) on the USD/JPY right now. As long as it can close a candle above the black neck line, we should be "off to the races".

Originally Posted by mag35

opinions ?




only that with it likes they is that right however it should they is lower than the left winger, and this it gives few probabilities

Here is a count that seems to be in line with that view too.

i think we are heading to 146.26 from here.

Originally Posted by chckchck

i think we are heading to 146.26 from here.

Yeah, the deciding spot for me will be if it clears 145.00 distinctly. If so, I'd turn bullish as well.

Originally Posted by chckchck

i think we are heading to 146.26 from here.

it is possible, i am not saying no... because the UK's GDP can be in line with expectations... and that will be highly positive fro the markets on Friday, or it could start falling at Asian opening and ignore the GDP as it will be as expected and continue falling through US opening... but then we have the US home sales... so based on the data i am bullish... but risk aversion is back for now... Greece, Portugal and Spain...analysts call it PIGS (Portugal, Ireland, Greece, Spain).... whih could be the begining of a new crisis or another leg lower in the markets... either way, I will not be surprised if it goes up or down...as both are possible at this point ...

in the meanwhile, I have to take a position so I remain SHORT @ 143.95 and 143.65

Originally Posted by MoneyInc.

Short USD/JPY Will enter here Very small will exit at 91.00

Why?
Looking for a .618 retracement
Sits above the weekly pivot
Just under the weekly R1 and 2X1 on the gann fan "To Much going on up top"
And My 8 hour set-up has turned bearish.

So!!
Short at 93.00
Targets 91.00 and 90.00 in extention.

Looking for 200 pips

You forgot to tell us your stop.

I bet it was less than 93.60, right.

I'll tell you, I darn near gave up my longs @ 93 last night (Japan time). But I didn't. It just had too many opportunities to go down again -- I mean below 92.70 at the very least -- but it would *not* go down. That in spite of equity fear, and US 10-years down to 3.72 last night. When it won't go down under *those* circumstances, it likely *ain't* going down.

Originally Posted by Sean Hyman

Looks like a near-term inverse head & shoulders (bullish pattern) on the USD/JPY right now. As long as it can close a candle above the black neck line, we should be "off to the races".

Hi Sean. I'm a new member here at the forums. I have been enjoying your tips & analysis for a few weeks now, especially in the SSI and USD/CAD forums (made some pips - thanks!). Concerning this pattern, what timeframe candle would you want to see close above the neck line? Just a 4 hour one?

Originally Posted by Sean Hyman

Good to see you, Uber...

Oh, I'm not implying that I rode the downtrend for 3 years. I was in and out, here and there throughout it.

Yeah, I hope to catch some serious "up side" here too.

Sean, I doubt if there are a handful of people on the planet who rode that sucker down for 3 years. We call it a downtrend, but what it really was, was a series of very sharp selloffs, followed by a number of profit-crushing counter-trend rallies -- for people who tried to ride it the whole way. The only way anyone could have done it was to get in early and have nerves of absolute steel.

But here's a thought ...

If this, now, is the start of a new trend, it could last a year, or two, or maybe even three. Nobody knows how long it will go of course, but there is only one starting gun, and if it has been fired, now is the time to establish some kind of position you'd be willing to just camp on until proven wrong. This doesn't mean stop trading, if trade one must, but if this is the beginning of a new trend, where else would you want to board the train.

Most people will never leave hands off, even if they want too, however.

But I often think of "Reminisces Of A Stock Operator", which is pretty famous. One of the best quotes in there was something to the effect of, "I made most of my money, by far, by thinking, not by doing anything. Most of what I got, I got by sitting on my hands."