USD/JPY

Hi,

This is good thread. I think EurUsd is good pair to trade and also UsdJpy.


Regards

It seems that 112.200 support may be broken.
If this happens, the next level will be 111.500

The fall continues on the USDJPY below the 113.00 level, but the pair may find some support at the 112.00 level, along with the 200 day EMA. To the upside, the 113.00 level along with the 55 day EMA may act as resistance.

Move down has been relentless. My long term view is bullish on USDJPY so I have been buying into the fall but with price continuing to fall I have had some positions stopped out. I hope we see a pause and bounce at 112.20

Price is pausing now and I am also bullish but if we get a daily close below 112 then I will change my bias to the down side

I am short all the way now on USDJPY. Long bearish close candle outside of the bollenger band is a sure sign that price will continue to fall. IF we get a deeper pullback I am entering a short position with take profit open

The upward moving on H1 shows the possibility of 108.40 testing. but is the case of drop, the price will test a 107.5 level.

Possible dead cat bounce formantion on the USDJPY daily chart if the price bounces back down from the 109.00 level. The 108.00 level may act as a first support, followed by the 106.62 level where we can find the 200 month EMA.

What is the 'dead cat bounce formantion'? I have never heard of that. Is it a candle pattern or a chart formation?

Since the flash crash last week USDJPY has been a real pain to trade. It is just ranging in a horrible way. This pair needs to get our of the funk and start trending soon. It can be a good pip winner but horrible when ranges

ChristianBeach posted:
Since the flash crash last week USDJPY has been a real pain to trade. It is just ranging in a horrible way. This pair needs to get our of the funk and start trending soon. It can be a good pip winner but horrible when ranges

I saw very little influence from the Brexit decision, too. I wasn't expecting much, but c'mon, just a little?

USDJPY seems to be bouncing around r/s zones of 109.00 and an upwards tend line. I am waiting for a break of this wedge. I am biased to the upside but will go short if there is a clear break

I think it will be time to short soon, maybe tomorrow morning. Short flag is forming on 1H

I don't know what flag you are talking about. There may be a short term fall in USDJPY but I am long all the way to the bank. USD will continue to strengthen and JPY weaknen in the medium term. Short is too risky for me

My prediction for JPY is 109.510 on USD/JPY. The bullish trend is so strong!

I can't understand USDJPY right now. Seems to be going sideways. I would rather wait until price has some more defined direction. At the moment it sucks

An amazing consolidation continues on the USDJPY between the 109.00 level and the 110.00 level.

The USDJPY finally breaks out of consolidation and falls below the 109.00 level. Its next support could be the 108.00 level and its most relevant resistance is still the 110.00 level.

So much conslidation at 110.00. I expect price has now started to fall and will reach 110.00. After that the uptrend will continue with renewed energy