Usd/Jpy

[ashaab]

The pair has been trapped within the same trading range consolidating above SMA 100 and above the initial support of 79.55 as seen on the provided daily chart. RSI 14 reflects the clear neutral case although it is very close to the oversold areas. The technical conflict between the effect of the bearish channel and the positivity of stabilizing above the aforesaid support levels remains unchanged. Thereby, we remain neutral for today and we remind you that both edges for intraday trades reside at 79.55 and 80.30.



Recommendation : Based on the charts and explanations above our opinion is, staying aside until an actionable setup presents itself to pinpoint the upcoming big move.

[nurdiantofxwave]

Mrenstein signal indicator now:
tf m15: 67.86
tf m30: 72.41
tf h1: 71.87
tf h4: 54.17
tf d1: 65.44

USD / JPY today tend sideways around the area between daily pivot (79.90) and the weekly pivot (79.81). The trend is also demonstrated by the sideways movement of 480 ma, so it can be said that the trend is still sideways.Ma 16 that has been cut ma 96 be a sign that the movement of prices can go up to the point of first daily resistance (80.13).

[ashaab]

The pair continued flirting with the psychological level of 80.00 as seen on the provided daily graph. The contrarian between the effect of the bearish effect and the positive closing above SMA 100 makes us obliged to stay aside for the rest of the day . There are two edges for intraday traders reside at 79.55 and 80.30 and a break of one of them will offer a new signal.



Recommendation : Based on the charts and explanations above our opinion is, staying aside until an actionable setup presents itself to pinpoint the upcoming big move.

[nurdiantofxwave]

1. Trend analysis today with sma system:
sma 16 as short term trend indicator = up
sma 96 as medium term trend indicator = up
sma 480 as long term trend indicator = up
So the trend is up strong.

2. Pivot,ressistance and support level this day:
p: 79.88
r1: 80.03
r2: 80.14
r3: 80.29
s1: 79.77
s2: 79.62
s3: 79.51

[ashaab]

The psychological level of 80.00 held as a stance preventing the pair from achieving further gains yesterday. Meanwhile, RSI 14 caused the awaited fluctuation but we will continue relying on the descending channel to predicate potential breakout below the key support level of 79.55 until the pair proves its ability to start a new upside wave. Only a daily closing above 80.30 will bring the bullish picture back into focus.



Recommendation : Based on the charts and explanations above our opinion is, selling the pair below 79.55 targeting 78.20 and stop loss above 80.30 might be appropriate.

[Nabi Ahmed Gill]

Main ye thread USD/JPY ke discussion ke liye bana raha hain. Sabhi members ko ya post karne ke liye swagat karta hoon.

yar main na wasa to kabi be es pair ko used nhi ka ha wasa min es forum main newbie hoon es laya main sirf or sirf EUR/USD ko uesd kar rhaa hoon or main ksi or pair ko used nahi karta hoon es laya muanja lagta ha ya pair be boht acha or best form ha or ay forum boht sar profit be danaya wala forum ha.

[delpacing]

volatility is still low but the price
penetrate into the upper trendline resistance at
1 hour chart indicates the potential for rebound
technically at least test the 80.10 area,
prior to the 80.60 area. to
movement down, break and closing level
daily under 79.60 may be
threat to the bullish reversal scenario for
re-testing key support in the area
79.15.
Resistance Levels: 80.10, 80.60, 81.00
Support Level: 79.60, 79.15, 78.40
Trading Range: 79.60 - 80. 60
Trend: Bullish

[delpacing]

volatility is still low but the price
penetrate into the upper trendline resistance at
1 hour chart indicates the potential for rebound
technically at least test the 80.10 area,
prior to the 80.60 area. to
movement down, break and closing level
daily under 79.60 may be
threat to the bullish reversal scenario for
re-testing key support in the area
79.15.
Resistance Levels: 80.10, 80.60, 81.00
Support Level: 79.60, 79.15, 78.40
Trading Range: 79.60 - 80. 60
Trend: Bullish

[simpleforex68]

Let's have a look at H4 chart of the pair. The price is in downtrend because the price is below the Ichimoku Kumo Cloud and EMA 200. So, I think the price will be up to the Kumo Cloud and then it will decrease strongly.

[nurdiantofxwave]

USD/JPY retraced from dayly pivot level just now. The price has increased about 50 pip since two days ago. It estimated that the price going up again following mshort term up trend which formed since yesterday. Level 80.03 ia next area that touched if trend up continue.

Below trend analysis today with ma system:
ma 16 as short term trend indicator= consolidation
ma 96 as medium term trend indicator= up
ma 480 as long term trend indicator = down
So the trend is up weak in short term.

If the price turn down ,it may can be in 79.68 as dayly support 1 level.