Please ignore this message. It was in answer to a PM I received and I posted it to the board instead.

USD/JPY Discussion

Don´t feel bad. Change to the daily chart and you´ll see the explosive nature of this moment. Don´t worry about the pennies. Concentrate on the dollars. The daily chart shows the first meaningful resistance at 77.30. When it gets there I´ll be ...

USD/JPY Discussion

I agree with most of what you say. It takes a long time to turn an ocean liner around and the steep decline from 123 for the past 4 years is a whopper of an ocean liner. Of course you will have many price rejections at points that would begin to ...

USD/JPY Discussion

I agree with your positive assesment, but what are the factors that make you believe that? I would really like to know...

USD/JPY Discussion

On my chart, R1 is at 76.78. R2 is at 76.91.

USD/JPY Discussion

I would forget about intervention. If it happens, great, but it is unpredictable. It should not be a factor in your investment decision.

USD/JPY Discussion

I choose to see it in a different way. The Dollar Index is DOWN today .37% and yet USD/JPY is UP .35% It´ss normal that the Euro´s appreciation today is larger than the dollar´s because of the steep fall it has suffered during the past weeks.

USD/JPY Discussion

This is what we need to happen to turn the US around and get King Dollar back on the table: url

USD/JPY Discussion

At what level do you get back in? I´m still holding, by the way.

USD/JPY Discussion

Saucer shape? — In the Daily chart attached, we can see the perfect saucer shape that UJ is creating in the past couple of months. Perfectly symmetrical saucer shapes are rare, but until shown otherwise we should continue to watch this ...

USD/JPY Discussion

I have identified the channel we are in, including the spine or mid trendline. This will help us identify supprot and resistance levels on the way up. If this is the channel, the 200SMA (Blue line) will move to the bottom wall and then turn up and ...

USD/JPY Discussion

With today included, the last 5 days have all had a higher low than the day before while the spread between the high and the low keeps contracting. Another factor pointing at a breakout soon. Before the end of this week we should break 77.

USD/JPY Discussion

I know what you mean about the stress created getting in and out and the fear of missing the train. I struggled with that many times years ago. What I found to be a good solution is to hold 1/2 of your position no matter what and trade aggresively ...

USD/JPY Discussion

Another point in the longs´ favor is the Inverted Head and Shoulders formation that has developed in the H4 chart in the past few days. I marked the neckline in red (around 77). Yesterday we bounced off the neckline, but as long as the trendline ...

USD/JPY Discussion

Back to the trading range. Still, a new trendline is established on the candles. It is important that it is not broken. I expect another attack on the 200 SMA (Blue line) and this time with a clear break. But... we must break 77 to consider this ...

USD/JPY Discussion

We are fighting with the 200 SMA now (H4 chart). We are a bit above it but it´s not final yet. If we hold above the 200, we should be on our way to 80 in the next few days.

USD/JPY Discussion

Yes. It means the spring is getting tighter when price action is compressed pregressively. I believe today is the breakout. Uhh... I think I´ve said that before ...

USD/JPY Discussion

The Japanese public are betting the Yen will drop: url

USD/JPY Discussion

Green arrow also in Daily chart.

USD/JPY Discussion

I agree with every word you said. The state of affairs in the United States IS deplorable. However, almost every point that you made can and will be reversed with a stroke of the pen. Obamacare will be repealed. New regulations will be repealed. ...

USD/JPY Discussion