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

Originally Posted by chckchck

There isn't any reason to go long at 144.30 that i see

where r u keeping ur stops.

now tat it has broken 144.50 zone, im getting uneasy. lol.

Originally Posted by cool_fx

where r u keeping ur stops.

now tat it has broken 144.50 zone, im getting uneasy. lol.

144.80is my sl. i dont see it going up much more but you never know
143.30 is my target after that is hit we are heading to 147.30

Originally Posted by chckchck

144.80is my sl. i dont see it going up much more but you never know

RSI, MACD, Bollingers, ADX, every freakin indicator i use are in favor of a reversal.

i just hope it happens soon. im getting very close to stop out if i get my three positive candles.

Originally Posted by cool_fx

RSI, MACD, Bollingers, ADX, every freakin indicator i use are in favor of a reversal.

i just hope it happens soon. im getting very close to stop out if i get my three positive candles.

my first stop was 144.60 but i moved to 144.80 bc everything like you said is saying to stay short

GU reached the top of the left shoulder
UJ i am not sure about... Sean says a big rally underway....

Again..let's see where the 1H candle closes... if it's @ 144.4 is a good thing... if not i will go long..

CURRENTLY... no positions opened

i closed mine too.

Its going up to 145.50 now

Originally Posted by Sean Hyman

Tigger, sorry...but with some many traders being new here...I'm not going to have them further confused just because you want to turn a pairing into something that doesn't really exist.

It's hard enough for newer traders to learn how to trade USD/JPY without you making it out like there's something mysteriously to be gained by attempting to make a reverse pair that doesn't even exist in forex and is not truly tradeable.

You can refer to USD/JPY and you can post charts of USD/JPY. That's no prob. But I'm not going to encourage confusion.

Sean, kudos to the DailyFX news team on getting that Bank of Japan CPI expectations info out quickly on the front page. Not only is DailyFX apparently first, but the information is not yet available on Bloomberg or anywhere else that I've searched (and I've searched a bunch). The 1:18 pm statement is all over the place of course, but the important detail from the 3:30 pm conference seems to be a DailyFX scoop. Nice goin'.

Edit: Not even NikkeiNet, a paid service, has it yet, only the boilerplate from earlier, like everyone else.

Originally Posted by cool_fx

i closed mine too.

Its going up to 145.50 now

hey people...so the count last night was obviously wrong... we have an ABCD pattern... where CD teoretically is at least as long as AB.... so 148.5....should be the next target ....funny...ha...

i keep building LONGS now... that i realised what is happening... but we never know,... this is pure technical

Originally Posted by mihaia2002

hey people...so the count last night was obviously wrong... we have an ABCD pattern... where CD teoretically is at least as long as AB.... so 148.5....should be the next target ....funny...ha...

i keep building LONGS now... that i realised what is happening... but we never know,... this is pure technical

we have divergence bearish on the 1 hour i would like to see 143.50 before i go long

Managed to squeeze a few pips out of this before she went long, knew it.

SKYDIVER was right... nice one but a breakout has to be seen.... on the daily chart.... might be on the upside

bro not sure abt 148.5

based on my chart i feel 146.10 will be a tough resistance.

give me ur thoughts on my chart.

btw, i went long small lots at 144.63 to target 146.10

Cross is for more upside, slow tho'. Be a massive break up soon by this price action. Just bought a couple of these dips. 150? Reckon 148.00 before rally is complete. Then we have a wonderful, deep long short. GBP able to hold longs against AUD/NZD/CAD to keep comparitive. Wow, how bullish is UJ!!

Originally Posted by cool_fx

bro not sure abt 148.5

based on my chart i feel 146.10 will be a tough resistance.

give me ur thoughts on my chart.

btw, i went long small lots at 144.63 to target 146.10

COOL.... not sure this is still bearish ... the pair... once UK has political stability... this will go higher... so i prefer it much higher but ure resistance is before mine... so we'll see

Originally Posted by mihaia2002

COOL.... not sure this is still bearish ... the pair... once UK has political stability... this will go higher... so i prefer it much higher but ure resistance is before mine... so we'll see

I just reentered SHORT.

the R1 is at 144.80

so going short frm there