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Usdjpysell

USDJPY-SELL++I have increased my short @ 130.75 awhile ago, and will add further on increases, which are possible. The view is medium-term, and not short-term, so from short term perspective we may have little more upside before correction sets in. The focus is medium-term, and the level over overbought is high, not extreme for weekly chart and getting to extreme on Monthly chart. the strategy is unchanged to build up shorts in but using small leverage. The correction is likely to go towards 125.17 for now.
Short
by peterbokma
USDJPY: Never Ending Bull Run 🚀Trying to trade anything JPY is proving difficult as we experienced yesterday on EURJPY. The death of JPY just continues over and over. I think the bull run will continue all the way into the key psychological level of 130 before we see any signs of buyers slowing down. I won't set an order, I will set an alert because we are bound to see some manipulation around this key level. Once the manipulation and play on price is complete around 130 THEN we may have the opportunity to join sellers. Buyers got an easy breakout of the 'trend-line' which leads me to think liquidity and trapped sellers remain at the low. This will be the target IF we locate a sell.
Short
by AlkalineFX
22
USDJPY-SELL strategyI just wanted to added further analysis using MOON phase. Moon phase is useful tool as it predicts changes to market condition. we are in fact influenced by everything around us, and the moon phase is one of them. we are a WHITE or open moon and this predicts the change of trend to down. So even considering the overbought state of the pair, the cycle will change as one can observe in the chart. this is just information and it is up to the person to believe or follow this concept.
Short
by peterbokma
5
USDJPY-SELL++++No change in view. The pair is remaining above 130.00 and for some this seems worrying... however, all what is needed some large offloading and then the ball will start rolling :) anyway, without jokes, we are really overextended and one should analyze the historical path with current period, and one will observe clearly we will correct. of course, no one (including me) cannot predict how high it will go, and some people are fearing 135.00 even. I feel that we should not have emotions about it, and purely focus on what we analyze, and making sure we are comfortable with the leverage etc. For now we remain in SELL mode and sell current 130.40-130.60 and add above 131.60 again. For those short, only add higher as mentioned. Profit orders for shorts can be @ 128.17 and 126.57 for now. I am lifting positions 15% @ 129.00, 20% @ 128.17 and rest @ 125.57 for now.
Short
by peterbokma