ha ha, yes it has, and is about to pull back. I'd love to just ride it up, but I don't see it trending the same way anymore. On H4 it looks like it is still consolidating. Strong trend could resume. But for now, I'll play the range. If it pulls back ...

USD/JPY Discussion

Careful with longs, a lot of pending sell orders around 118. Unless your comfortable holding throughout all of this consolidation...

USD/JPY Discussion

well, if it hangs around the top of the channel long enough (7+ hours of H1 inside bar), maybe will break out long...

USD/JPY Discussion

Bigger picture view... If it doesn't find support around the arrow area, further downside possible...

USD/JPY Discussion

I expect blue shaded area to be re-tested...

USD/JPY Discussion

okay, thanks for sharing. I think we are on the same side of trades quite often Just not enough support at this level right now for me. Need it to retrace and reject 40-60 area... If no retrace or rejection, fine by me, it will just need ...

USD/JPY Discussion

I expect another dip to 117.45ish area, which is good for a bullish move. If it continues up from here, I don't have confidence in how far it can go. I'd feel better if it dipped, then took off... Edit: dip could be 117.40-60ish

USD/JPY Discussion

Seems like a good place to buy. Ascending triangle moving away from support... Only question in my mind is do I TP at the top of the triangle or hold for the breakout...

Dragon Riders GBP/JPY

yep, just a nudge above 117.4 and back in business

USD/JPY Discussion

I won't be shorting this pair. At least not at this level. Only time I'd jump in, in the opposite direction is on a break out of consolidation, as sometimes there's a false breakout, and you can just change directions. But this pair, right now, to ...

USD/JPY Discussion

Looking at GBPJPY, 185.07 looks like it might be a good long entry if it looks like it wants to bounce if/when it gets there...

USD/JPY Discussion

You are absolutely right. For me, one of those times I decided to ride out a position and ended up holding longer than anticipated. But I've been looking at GBPJPY, and definitely thinking about going back to that pair, as I've been watching and ...

USD/JPY Discussion

It has also become very clear to me that price is breaking out long from a falling wedge on H4, H1, and lower time frames, bouncing off the bottom formation at the weekly pivot, bouncing off the bottom of the channel it's been moving in on H4, ...

USD/JPY Discussion

It's the ole 8 bottom bounce. Where the price bounces 8 times before finally resuming the trend. See it all the time. We're up from here. Let's see if we can leave this level behind. Bulls aren't letting it come down as far each time, ...

USD/JPY Discussion

Daily pivot is above the weekly pivot which is above the monthly pivot = strong uptrend is still in play Price has touched down or near the weekly pivot a few times over the past week or so, and each time there has been strong buying interest. There ...

USD/JPY Discussion

Bottoming out here. Bouncing off daily S1, and couldn't even touch weekly pivot below that. We go up from here.

USD/JPY Discussion

I certainly hope anyone entering/exiting trades right now is playing the range. Since, as you probably know, from a purely technical standpoint, there is absolutely no sign of a reversal yet. I had posted before that an H4 close below the 8 ema ...

USD/JPY Discussion

I sincerely hope everyone's trades work out. But, this thing hasn't made a new low in 3 days. Currently at 117.75. If it can stay above this level for 15 minutes, prepare for higher prices.

USD/JPY Discussion

For me nothing has changed my near-term view. Still targeting 118.43. Only thing that would change my view is if price falls below 117.68. I also look at GBPJPY which looks way more bullish in its consolidation. I expect an explosive move with both ...

USD/JPY Discussion

2005 and 2007 saw price above 120. Just saying... But in terms of significant pull back, the only thing I'd view in the category as "significant" is if it shows up as a pull back on the daily chart. This would be much more than 100 pips. There was ...

USD/JPY Discussion