Technical outlook on USD/JPY

USD to rise against JPY

  • I Agree

    Votes: 17 36.2%

  • I Disagree

    Votes: 23 48.9%

  • I am neitral

    Votes: 7 14.9%
  • Total voters
    47
Quote from JSSPMK:

Long 102.72 off 2-5m charts
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ahh you got a better fill then me I was in at 102.91 on 15 min chart out at 102.50 after spike. 59 pips is a good trade dont want to get to greedy. Might get back in on a pullback.
 
Quote from Bonpara:

ahh you got a better fill then me I was in at 102.91 on 15 min chart out at 102.50 after spike. 59 pips is a good trade dont want to get to greedy. Might get back in on a pullback.
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According to 120m there ought to be upside move soon.
 
Quote from cashmoney69:

are you watching this on a 25min?... it breaks out then stalls..wtf?
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I think patience is key here, don't forget what's been happening to price recently, it's forming rounded bottom now, buyers with big bucks at stake need more of a confirmation here ImO.
 
Quote from FXAnalyst:

Double bottom for 30 day chart 105.00. Bounce could be 120-50 pips

Tripple bottom on 10 year chart is 101.75
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At the moment, the Elliot Wave pattern is interpretive, either an ABC up complete or a larger A up of bigger ABC up yet to be completed. Which I'm not sure although careful study of fundamentals may help determine. Trend down could continue from here to quoted target or move up first to somewhere between 10450-105 conservatively.

:cool:
 
We had a DB today, weekly chart looks absolutely stunning as far as I am concerned, ImO USD will advance any time now. I am still long till previous support gets taken out. Quadruple divergence on mylti-day chart now, all I can say is that I am not the only one that is looking at it, I am just a piker :)
 
Could go higher before down, will wait for breakout above 104.25 though before re-entering. Or breakdown below for confirmation of larger trend continuation. Need to study yen a bit better as focus has been on other pairs. There probably is a clue or two from re-analysing larger time frames.:cool:
 
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