I'm using FiboPiv on MT4. According to the FiboPiv indicator, the R1 of EUR/USD is 1.5795. Anyway, as I expected, USD/JPY is heading lower since my last post. It will re-test the Kijyun-line of Ichimoku sooner or later as I repeatedly said on this ...

USD/JPY Discussion

Hi. Thank you for your feedback. It is great for me to know that someone like you see the situation differently, which allows me to broaden my perspective on this pair as I may be wrong, and you may be right. In my view on EUR/USD, since it has ...

USD/JPY Discussion

The demand for USD during the Tokyo fix today was not as strong as expected. It was even unable to hold above the pivot. It is likely that the pair will retest the previous day low later, possibly in the London session, which is close to the ...

USD/JPY Discussion

The Kijyun-line could be a critical turning point. — Some more notes based on my Ichimoku analysis: 1. The 4H last candle is now completely below the Tenkan-line, suggesting that USD/JPY may have turned its direction of the trend from upward ...

USD/JPY Discussion

Yes, the long term trend is still upward, judging from USD/JPY is still hovering above the Kumo of Ichimoku and above the Kijyun-line, which is 105.82. But we may be in a transitional period at this moment, and it may be reversing its course ...

USD/JPY Discussion

105.87 is also 200sma in H4. But the last two candles of H4 are both weakish. Also note that 105.82 is Kijyun-line of Ichimoku Kinko Hyo. If this support is broken, USD/JPY is headling lower decisively in my view. The majority of Japanese traders ...

USD/JPY Discussion

Hi folks. As I was previously pointing out that USD/JPY would hit the major trend line when it was hovering aroung 108.00, the short-term goal was now successfully achieved. url Now, I am holding a long position expecting it to climb ...

USD/JPY Discussion

Hi John. Thank you for your response. You know...there is a Japanese old saying...yesterday's enemy is today's friend. I am holding a short position based on my own judgement like you are now, but I may be holding a long position tomorrow. Who ...

USD/JPY Discussion

Reading some of the messages posted earlier, I don't know why those people like to riducule those who are on the opposite positions (short traders at that time). Or, should I say that they might be just being harsh or sarcastic or just fooling ...

USD/JPY Discussion

I am here. See my past messages if you are interested in why I'm betting on the bearish side. url url

USD/JPY Discussion

We shall see a breakout sooner or later...possibly in the Euro session. image

USD/JPY Discussion

I'm still on the bearish side for the near term. USD/JPY is floating around 200sma and Tenkan link of Ichimoku. There is so much selling pressure around this level althogh it succeeded to break the 200ema before the FOMC meeting but again failed to ...

USD/JPY Discussion

Not so bullsih — I am on the bearish side as opposed to some people on this thread. USD/JPY has tried breaking 200sma on a daily chart several times, but failed to hold above it. Although the main trend seems to be still up, this shows ...

USD/JPY Discussion

What do you mean by "either way"?

USD/JPY Discussion

Okay, who got caught by the sudden reversal? The US consumer confidence report turned out be worse than expected. Then what happened? Is this an intervention or what? Can someone explain what's happening?

USD/JPY Discussion

As I expected...

USD/JPY Discussion

What if it was worse than Consenus, then? The US Consumer confidence announced later will probably have much more impact on this pair than the housing idex.

USD/JPY Discussion

I share your view on this one based on 4h. The question is how far it will come down... It looks to me that USD/JPY had to stop out all the positions just above/below 200sma. The mission was maybe completed. But I am unsure about it at this moment, ...

USD/JPY Discussion

I would rather take such recommendations issued by large US investment banks or large banks seriously as long as they have the potentials to move the market. But this doesn't mean that smart people like you should blindly follow thier trading calls. ...

USD/JPY Discussion

The name of that large US bank that issued the sell recommendation on USD/JPY *might* be Wells Fargo based on the information below? I don't know... Bloomberg issued the following news an hour ago or so. Dollar Selling "The Fed is not likely to back ...

USD/JPY Discussion