image I posted this in another thread but its more relevant here. The downtrend has been roughly 7500 pips & a 20% pullback to the 90 level is healthy & still keeps the trend in place. Definitely something to keep in mind. Above 90 & I think we ...

GBP/JPY

image 7500 pip down move. A 20% pullback which would bring us to the 90 level is healthily & still keeps the downtrend in tack. Just something to think about & keep in mind. Above 90 & we can make an argument for a change in trend.

EurAnalysis

I don't doubt that a lot of it has to do with LDP party in the lead on the elections. As well as the recent stimulus from BOJ but we are approaching levels where profit taking from longer term shorts come in to play as well as lighting up of ...

EurAnalysis

I'm thinking the same thing which is what I have been doing for the last week or so. Depending on FOMC outcome I may book 50% of my trades profits & look to get aggressively long on the first sign of weakness.

USD/JPY Discussion

Way to stick with it. Great entry. 83 now out of the way that's was an important 1. Next stop 84.50 hopefully in the next couple of days. Do you have any longer term targets or is this position an investment your looking to hold to.

USD/JPY Discussion

I believe we are in the middle of some major profit taking/short squeeze on these yen crosses that have been in a 10+ year downtrend.

EurAnalysis

Nice little pop in these yen crosses tho. Happy something is moving.

AUD/USD

83 is out of the way. Congrats to all the longs that stayed strong & held on thru this tough tape.

USD/JPY Discussion

Damn FOMC has everyone in wait & see mode.

AUD/USD

Julexo must say I'm loving this thread sir. Your running a tight ship here. This is 1 of the few threads not cluttered with bickering & nonsense.

PA by Julexo

Same here. The last couple of weeks have been a true test of patience. These next 2 weeks or so will provide some very important clues as to which direction we can expect in the near future.

USD/JPY Discussion

Couldn't agree more nothing goes straight up or down. These next couple of weeks are going to provide great clues as to the direction of these yen crosses for the next couple of months.

USD/JPY Discussion

hopefully longer

EUR/JPY Trading Room

Same here I've been long for the last 2 weeks. We're starting to approach some very important levels here that strong closes above could signal major moves to the upside.

AUD/JPY

I think we could possibly be in the middle of some serious profit taking/short squeeze on these yen crosses which have been in a major downtrend for 10+ years take a look at the monthlies on these crosses. We're starting to approach some very ...

GBP/JPY

We could also very well be in the middle of a short squeeze in the yen crosses. These pairs have been in downtrend for over 10 years just look at the monthlies. Depending on the levels of the next couple of weekly closes there might be a ...

USD/JPY Discussion

The weekly close is what I'm looking at if it closes above the the high & closes above there's its an easy 700+ of air above.

GBP/JPY