Agreed. Taking a small reload for the long at the 108.5. SL at 108.2 And meanwhile, several giants like Deutsche Bank and Barclay are duking it out in their predictions. The former feels extremely bullish about the USD/JPY; the latter feels a more ...

USD/JPY Discussion

Bulls just drove prices to 109.222 When should we enter longs to scalp this? Will it possibly go down? the RSI is pretty high right now (well over 70, meaning overbought)

USD/JPY Discussion

Bah. I can't take the pressure anymore. Closed 2 lots at 109.42. I'll take that $116 over he possibility of losing that profit and more losses on top of that. .....I made my minimum income for the day. I'll just wait and watch now.

USD/JPY Discussion

I don't know about your 108.9 long ( i don't know how much leverage you have), but I say stick to 108.6 and 108.3. The market isn't going to stay in the low 108s, and I'm still bullish for tomorrow and friday. My aim is to scalp 20~50pips with this ...

USD/JPY Discussion

Right now? In the next 5 hours? Doubt it. Currently the USD/JPY stopped shy of the 109.1-109.2 resistance, and its relative strength indicator (RSI) indicates that it's overbought. It's clearly overbought on the 5min & 15min. charts, and even the ...

USD/JPY Discussion

I have a feeling the bears will try and test the 108.3 mark once more-15min, 30min, and hourly chart indicates a downward movement. We've a possible chance to load longs around 108.3, but the 180 line better hold-that's probably one of my main SL ...

USD/JPY Discussion

Yup. I was eating dinner when bells rang in my trader. I got in a small short at 108.650 and sold at 108.500. But still...a drop from 108.8 to 108.5 in 25 minutes? That was one big short sale.

USD/JPY Discussion

....wondering if I should load a long at around current prices (108.6), or waiting more.....suggestions?

USD/JPY Discussion

But in the possible (cough unlikely cough) scenario that the price still dips to around 108.5-108.6, would it be profitable to load a long? I've already shorted about 6.5 pips from this, and pocketed a nice earning considering a 20 minute work

USD/JPY Discussion

Ahhh. I can sympathize with that. Same here. We all have own our observations of the market. And based on the current 15min and hourly chart, I'm inclined to say that we'l have a movement soon enough as well. The only question is: buy at 108.3? Or ...

USD/JPY Discussion

I understand the shorting, but 9pm ET? What makes you say that? Is there something I've been missing?

USD/JPY Discussion

Just closed a short from 109.016 at 108.700. I don't recommend waiting for 108.3 to go long right now- not today at least. I think there's going to be a small rebound from the 108.5/108.6 mark, if it even gets to that today (the market is having fun ...

USD/JPY Discussion

*groans* Yeah, that was a typo. I must be getting really out of my mind if make that sort of mistake....reminds me of the time when I bought 0.1 lots instead of 1.0 on the kiwi......I cried myself to sleep on that opportunity cost.

USD/JPY Discussion

Current scalping status: Shorting the USD/JPY at 109.5-109.1, short term target is 108.890. Weekly short target at 108.6 range. Close position if the market sustains a breach of 109.200 Buying the USD/JPY at 108.8, short term target a 109.03-109.01. ...

USD/JPY Discussion

In the country where I come from, we have a very popular saying in modern times: 포기해. 포기하면 편해. When translated, roughly means this: Give up. It's easier for you if you just give up. I'm guessing you already have a few longs from the weeks before, ...

USD/JPY Discussion

Apparently, we have sellers already in the asian market. Then again, a lot of Japanese businesses aren't happy with the rate of the yen's depreciation, and given Japan's importance in the asian hours, there's some food for thought there. It might ...

USD/JPY Discussion

No, my guess is that this is a mix of bullish trends for the USD/JP and trader fueled movement. We know all the data points to a strong dolla, and Japan's BOJ Kuroda often repeated that he didn't view the 110 mark as necessarily a bad thing for the ...

USD/JPY Discussion

Not complaining here. Closed my 108.6 long at 109, and I've shorted the 109.5; currently waiting on 108.8 to hit (TP on 108.6). Then I'll just sit back and watch until the secondary support of 108.34 hits to go long again. God bless Abenomics. And ...

USD/JPY Discussion

Still planning to hold my longs from 108.6 for now with SL set around 108.3-108.4, depending on what I see. I don't think there will be any significant reversals that go down to say, 108. We're probably going to dance around 108.5-.8 for a while. ...

USD/JPY Discussion

So you're feeling that it'll be bullish from the current price (179.6)? And sorry-what do you mean by "intervention"?

Geppy's Geppy Thread (GBP/JPY)