Hello Respected Richard Krivo,



Hello sir,





I just want to ask something Realated to your Post. Sir I have been Massuring the the all NFP and and what effection happened in Usd/jpy. Sir First ur 5 minute chart is mid Sept 2009 10.07 isn’t it sir..And Just Below of Next previous Support 88.33. that’s why The Usd/jpy Boom Up.. so Sir I just wonder this is a Just a Star of BULL becoz the U/J is bounce frm 88.33 to 92.36. And sir if you are talking about scalp so Yeah We should consider about NFP but that is on Friday, But On Trusday the GBP bank of England interest Rate Decision are More Important.. Why..



Becoz sir If I am a Great Scalper I just Calculate the Correlation Number to Comapring UJ ..

G/J = 66.1 - Usd/JPY..

Following the New Move..






So Sir I was just wondering, IF I WANT TO TAKE A LONG POSITION.. so what do you suggest me


and Sir Have a look this Elliot wave chart.. this is my very old post,, and my update too..

why i am showing this sir.. bcoz before I dont know when that will Reachen the C the NFP show his Result..thats why From my C the Usd/jpy Gave bull correction

that is wow..

here is sir





And If I talk about Ichi Analysis So The Usd/jpy in daily analysis It just giving the Correction from Below Senkou span .. isn't it Asher


Thank q you sir..

Cheer vincy

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Cheer VINCY

Richard's chart is from the morning of October 2nd and shows the USD/JPY reaction to the release of the Nonfarm Payrolls. I'm not sure why you would think that an interest rate decision by the Bank of England would have more of an affect on the USD/JPY than an interest rate decision by the US FOMC. I also think you have to be careful about using technical analysis to trade a news release. When the traders react to that release, they really don't care about where the market is in relation to any moving averages which makes up Ichimoku. My recommendation is for new traders to avoid trading news releases as the increased volatility makes it more like gambling than trading.

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hi


I was talking about this you can see the Date, and Sir you are totally Right about this When the traders react to that release, they really don't care about where the market is in relation to any moving averages which makes up Ichimoku becoz The ichimoku come's in indicator list


And Sir why the Correlation is IMPORTANT and why i am saying ..

SEE THIS CHART ,,

This is Chart showing the Two Pair Correlation Hourly ...

The USD/JPY chart THE WHITE LINE IS PRICE OVERLAY ..


you can see ..

but very much happened some Point the Price wide Up with Right Different ..

but it is neat that Price of Usd/jpy And Gbp/jpy the Lower TF is following a bit..

thnaks vincy ..

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Cheer VINCY

analysts have stated that the reasons why the jpy is strenghtening is because of the low us interest rate and lately the CIT bankruptcy filling!

Does anyone else see a descending triangle (continuation to the downside) in the USDJPY?

Attached Images

 

USD/JPY has shot up sky-high on various NFP news releases this year. Each time it has, it's made a reasonable short afterwards. Typical of major news releases, when pairs like this are normally conforming to technical analysis, after a few days they normally recede to where they started, or past that point.

A good recent example is to be seen in AUD/USD, where due to news this pair shot up extraordinarily, and then receded very quickly back to it's starting point, around the 0.8900 area. No doubt in time AUD/USD would have reached past 0.9000, but as the rush to the top was so fast, it became unsustainable. Each time the NFP's have been positive this year, the shorts on USD/JPY have paid out handsomely. I'm looking forward to next week with this pair. I know it sounds a bit over-the-top, but this pair might reach 93.00 tomorrow, which will go against my longer term techs which say there's still downside to USD/JPY - shorter term say there's good upside..

I shall await with interest the NFP's tomorrow, but have closed most positions on major currency pairs due to possible extreme fluctuations, apart from still holding a long I took out on USD/JPY yesterday (the old adage of buy everything over 90.00 is standing firm at the moment). I am continuing with 'safe' pairs like GBP/AUD GBP/NZD AUD/NZD etc. With the Majors, it's gonna be a wild ride tomorrow . Geppy is liable to shoot up, like it did back in June to 163.00 I'll be looking for shorts next week on that as well (unless it breaks 153.00 and into 154.00, then I'll be wary as a retest of 160.00 cannot be ruled out).

Thanks for your thoughts on this...

It is correct that many traders, while sitting on the trading sidelines around volatile releases such as the NFP, look forward to the following days and weeks as new opportunities may present themselves as price action realigns itself or embarks on a new direction altogether.

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Well, it could have gone either way. Poor NFP's after a good GDP!! A good NFP would have shot it higher, now it's down in the dumps again, and no doubt the BoJ will be vocal in threatening intervention soon..........Well, news over techs.

based on the weekly boilenger bands, I wouldn't be surprised to see the pair go as high as 96. This would put it at it's weekly AL boilenger band and the .382 fib. Ultimately, I'm targeting 96 on a bounce from 88.50 and then down to 80.

Fundamentally and technically, I think the yen has months of gains to make on the dollar.

Interesting view

Here is my chart, I've a long term Bearish bias for UJ.

Attached Thumbnails

 

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hi asher ..

yeah indeed


see here Trend line facing and touching many Point level in my Chart..
278.9
262.64
126.02
110.48
101.08
104.7
97.45
86.63

So Might We have should consecrate on 86.63 level..

and If we are talking about LONG TERM... SO WHERE IS BRAD???

we like you share some view in your Long term of UJ..

thanks

cheer vincy

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Cheer VINCY

Good one, exactly my thoughts too.

So what do you anticipate, lets say what could be the Lowest level (a reasonable target or may be a range of targets) UJ can drop to ?

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Probably

is Nice 86.63 level..

But Strong Were 80.84..We have then Double Bottom Of UJ...if the UJ touch 80.84 level so it is strong for longer TF support


cheer vincy

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Cheer VINCY

for short term , in usdjpy its goes downwards, till mon, tuesday,

Here is an Elliott Wave Triangle count for the pair. The 61.8% Fibonacci has held as support so far with no 4 hour candle able to close beneath it. I am bullish on this pair as long as price is above 89.50.

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