UJ — Triangle break out target 80.35~ 80.4 area image

USD/JPY Discussion

159.3 ish then 152.0. It's in a triangle.

Cable Update (GBPUSD)

127.3 or 127.7 for this move.

Cable Update (GBPUSD)

Your wave count is bang on, for the lower timeframe. But if you step back and view it from a daily perspective, the wave that you call A can be possibly seen as the second (B) wave of a larger pattern which I labelled as C. In that case, we are now ...

Cable Update (GBPUSD)

No problems. It's a daily chart. I'm expecting the next wave in the triangle to complete back at 1.52

Cable Update (GBPUSD)

UJ current trendlines — image

USD/JPY Discussion

You might want to be a little cautious at 159.2 image

Cable Update (GBPUSD)

Apologies. Don't seem to be getting email updates from this forum today. By 61.8 (76.4) retracement I refer to a fibonacci retracement to 61.8 (or 76.4) of this particular up-move. Assuming a current move top-out at 80.4-5, and with the move having ...

USD/JPY Discussion

Be that as it may. In any case, at the moment I see this part of the move capping at 80.4 before a 61.8 or 76.4 retracement. Best wishes

USD/JPY Discussion

You can show the future trend (plus or minus) in charting with some level of certainty. It's really not that hard. You just have to be able to understand and recognise the waypoints. It also helps alot if you can cross reference your charts with ...

USD/JPY Discussion

My view of UJ, past, present and future — OK, here goes. .... And the above post should have read "at least one more drop" and "significant rise". The USDJPY that we all know and love has been in a long term downtrend since 2007. (Just in case ...

USD/JPY Discussion

Chart patterns, wave patterns, technical analysis and, I guess, fundamentals that we don't yet know about. I will try to explain by charts tomorrow. In essence, what I will show is that, whilst everyone is getting bullish right now, I am of the ...

USD/JPY Discussion

Please be aware that, just because 77.35 was the most recent low price does not in any way mean that it will remain as the all time low. I still envisage a much lower low (probably a VERY dramatic spike down) before USDJPY finally turns. To just ...

USD/JPY Discussion

Well, it's actually fairly important for the purpose of drawing trend lines & channels. To answer your question, (and I'm not sure what you mean by the 1 minute thing ... a price is a price is a price) the low price printed on the Reuters service ...

USD/JPY Discussion

Don't worry. The Yen is climbing atm. GU should become bullish very shortly too.

Cable Update (GBPUSD)

So says the entry at "forex-tribe.com" url

USD/JPY Discussion

I was going to give up. Please go and research this issue before talking such balderdash. I will write in small sentences. Start by researching the Plaza Accord. The yen is strong (overvalued) against the USD and a basket of other currencies. It has ...

USD/JPY Discussion

On your point 2, you may well be right. They may intervene and buy euro, pound or USD as deemed appropriate, as yen overall value is determined against a basket of currencies. On your point 1, I give up.

USD/JPY Discussion

I certainly hope I don't I have a problem. But when someone states "... the Asian currencies (Yen included) are undervalued ...... Japan is not China and should not try to keep it's currency undervalued artificially " I have to question their ...

USD/JPY Discussion

You suggest that Japan is keeping it's Yen undervalued artificially. Then please help everyone (including the government of Japan) understand why the BOJ have to spend HUNDREDS OF BILLIONS of dollars trying to devalue it. Maybe you need to do a ...

USD/JPY Discussion