Thank you friend. As you can see by the chart I posted, we are right on the trendline on the RSI H4. This is a crucial moment. I believe we bounce higher and this is a great long bet. If this breaks, all bets are off, but I feel confident right now.

USD/JPY Discussion

It´s not knowing things. It´s a simple opinion formed by over 30 years of technical analysis experience. I can be wrong like anyone can, but I have to go with what my charts tell me. They have been very good to me in the past.

USD/JPY Discussion

Here is the chart you requested. I believe we are constructing the right wall of a saucer formation. Breaking the top of the saucer at 81.60 will bring 100 into play in the next 12 months. If the rising tredline breaks on the H4 and the Daily, I ...

USD/JPY Discussion

The difference may be that you focus on 5M or 1H intraday. My focus is on the 4H where the trend is up as measured by the 60EMA which is rising and is about to cross the 200 EMA which is flattenning after descending for months. The RSI is still ...

USD/JPY Discussion

It will happen. This is just a normal correction and a great buying opportunity. I just added to my long.

USD/JPY Discussion

I disagree with you on all counts: -The US economy is weak now but it is flexible and can turn on a dime with the correct free enterprise leadership in Washington which is coming soon. The Japanese have been trying socialist solutions to pull their ...

USD/JPY Discussion

Remember that the market always discounts the future. When you look at Japan you see a sad future indeed. An old age society with a totally disfunctional political system (Prime Ministers in 7 years?), incapable of cutting ever increasing social ...

USD/JPY Discussion

Very good point. When everyone is bearish, that usually means the move has run its course. The long, tight trading range for the past month indicates there are no more new bears to push the price down further. The break of the 200 SMA on the H4 ...

USD/JPY Discussion

It would be nice for the BOJ to jump in on it but it is not necessary. As the market sees in the next few months that the tide has indeed changed, they will jump in and ride the wave. Even though the fundamentals are clearly behind this story, they ...

USD/JPY Discussion

Sorry. Meant to write 220%. It is, in fact all old news, but that is the way the market works, it ignores the obvious for a time until it ceases to do so suddenly and for no apparent reason. I see a move similar to the one from 1995 to 1997 during ...

USD/JPY Discussion

I am mostly a technical analyst and all my technicals indicate a strong recovery in the next 1 to 2 years to 100 USDJPY, but the fundamentals behind it are: -Japan´s debt to GDP ratio is staggering. Over 120%. -Rapidly aging population which makes ...

USD/JPY Discussion

I am holding my long also. I believe this is the beginning of a long term bull market for the USDJPY.

USD/JPY Discussion

USDJPY ready to take off. — I agree with your vision entirely. See attached H4 chart. Look at the rising RSI since mid July. Look at the many green divergence arrows on the THV (Those are almost infallible). Look at the rising trendline on ...

USD/JPY Discussion

Strange PA? Not really... — Actually, the PA is easy to explain. EUR/USD follows the #EPU1 (S&P500) almost like a siamese brother. Since the S&P500 is crazy and irrational lately, so is the EUR/USD PA. I keep a 5 min #EPU1 chart next to my ...

EURUSD