Comments on: USD/JPY: Looking to build medium-term shorts into 50% retracement level at 111.65 https://fxww.com/usdjpy-looking-build-medium-term-shorts-50-retracement-level-111-65/ The Professional Source Sat, 01 Nov 2014 06:05:18 +0000 hourly 1 By: peter https://fxww.com/usdjpy-looking-build-medium-term-shorts-50-retracement-level-111-65/#comment-119686 Sat, 01 Nov 2014 06:05:18 +0000 http://381c099c8f.nxcli.net/?p=14218#comment-119686 Ouch close abov 112

]]> By: Jack1 https://fxww.com/usdjpy-looking-build-medium-term-shorts-50-retracement-level-111-65/#comment-119595 Fri, 31 Oct 2014 08:32:44 +0000 http://381c099c8f.nxcli.net/?p=14218#comment-119595 I got long on usd-jpy at 108.9 last night, and exit out 109.40. Then, go to bed and go to city for a meeting. It is a pity to see 111.40.

This spike higher killed out huge short positions, create a bloody pool for Xmas!

Next upside target level for u-jpy would be 113 plus, which is top line of this up channel. Then, story come to BoJ intervened level 115 during 2002-2003. Level 115 was neckline of H&S. BOJ spent trillions defend this level. So, it is a long-term equilibrium level on yen history. BOJ will get their lost money back.

Level 118, 124 will be hit if no USA office complaint. But, when ?

]]> By: Coty https://fxww.com/usdjpy-looking-build-medium-term-shorts-50-retracement-level-111-65/#comment-119569 Fri, 31 Oct 2014 06:36:40 +0000 http://381c099c8f.nxcli.net/?p=14218#comment-119569 Thank you very much. Definitely makes sense to me and gives me a new way to look at different terms. Have a good day!

]]> By: Sean Lee https://fxww.com/usdjpy-looking-build-medium-term-shorts-50-retracement-level-111-65/#comment-119566 Fri, 31 Oct 2014 06:24:50 +0000 http://381c099c8f.nxcli.net/?p=14218#comment-119566 Good question Coty, and certainly a very subjective matter. I really should have said taking a m/t trade into major tech resistance levels. Short-term moves for me are 50/300 pips ish. M/t moves I would expect to be anything up to 15 big figs and could take months. So thinking about it for the first time in 28 years 🙂 My timeframes are more ‘range frames’ rather than specific time frames. Hope that makes sense, it does to an old spot cable trader 🙂

]]> By: Coty https://fxww.com/usdjpy-looking-build-medium-term-shorts-50-retracement-level-111-65/#comment-119565 Fri, 31 Oct 2014 06:20:31 +0000 http://381c099c8f.nxcli.net/?p=14218#comment-119565 I am curious what your definition of short, medium, and long time frames are? Thanks!

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