I've been long this pair what seems like forever now but I don't expect the trend to last much longer. Yen long positions in the futures market are more than double short positions. Options in November and December don't look much better.

USD/JPY Discussion

I've been trading geppy over UJ the last few months. The price movements in UJ make no sense and randomly happen. There's nothing technically sound about it and from a risk management standpoint it's insane.

USD/JPY Discussion

Last two times we saw this level was 2015, and 2007. 2002 we saw 135, but after hitting these levels every single time we got a huge correction of about 3000 pips or more in the following year or two. When you have random swings of 115 points in ...

USD/JPY Discussion

Called this yesterday. Again...Bearish wedge on the daily and divergence in price and rsi. Doesn't get any more simple. Bullish waiting on a pullback.

USD/JPY Discussion

Bearish wedge on the daily chart and divergence in rsi and price. Might want to be careful being long here.

USD/JPY Discussion

Head and shoulders pattern on the 4 hour chart. Still waiting on 120 might buy at 120.60.

USD/JPY Discussion

Something to note about trading the fx market is it generally will make a move and almost always correct and re-test previous support or resistance. It's mostly made up of corrections and re-tests and it's very rare for it to trend so hard. If ...

USD/JPY Discussion

I'd be careful considering how far away price is from the ema's on the long term charts. 50, 100, 200 day ema's, weekly support being at 116.54, rsi screaming overbought on the long term charts. Just to even make trading UJ manageable I'm trading ...

USD/JPY Discussion

I'm looking for 50% retracement of this leg up which puts at us right around 120.

USD/JPY Discussion

It was kinda odd that there was high volume until we hit 123.15 and then on no volume this pushed to 125.10 and then reversed to 123.30 on almost no volume. Hmmm..... 200 pip swings on no volume......

USD/JPY Discussion

There's a lot of reckless gambling going on in the market right now. Haven't traded Uj in a few weeks. Not ok with the rr. When we're getting swings of over 100 pips off and on and random 40-60 pip movements on no news and price isn't bouncing off ...

USD/JPY Discussion

Im not gonna call when there will be a pullback because there's not alot of resistance between 122 to 125, but when it does roll over I think it'll be very, very crushing. I'm also not comfortable jumping in head first to go long without a pullback.

USD/JPY Discussion

It's flagging on the hourly charts btw. Bear flags.

USD/JPY Discussion

Anytime there's a 20 - 25 pip reversal and no immediate bounce I always watch closely for a correction. Looking at the last leg up 50% retracement would bring us to 117 -116.90 area. If that doesn't hold I'm looking at the previous breakout at ...

USD/JPY Discussion

Doesn't matter what tf you use there's divergence in rsi and price. Minute, hourly, daily, weekly, monthly. Doesn't matter. I won't touch UJ without a respectable pullback. Too much risk.

USD/JPY Discussion

Hawkish Fed is good for the dollar bad for Yen. Hawkish Fed is bad for the US equities market which would usually be good for the Yen because its considered a safe haven and traders typically rotate into it on down days, but the dollar and UJ have ...

USD/JPY Discussion

Might get a double top and a pull back here finally if price cant break above and hold 118.37.

USD/JPY Discussion

116.35 is exactly where I'm looking for a buy. Want to see prior resistance act as support.

USD/JPY Discussion

I'll be looking for a buy after UJ pulls back from the top of the channel. Looks pretty over bought at this point.

USD/JPY Discussion

Also had divergence in price and rsi this morning. Just missed that one.

USD/JPY Discussion