Usd/Jpy

[MurdoFast]

Forex Trading Today
Pair = USDJPY
Date = Thursday, 02.12.2015
Fibonacci Pivot point Result
Resistance 3 = 121.08
Resistance 2 = 120.67
Resistance 1 = 120.41
Pivot point = 120.00
Support 1 = 119.59
Support 2 = 119.33
Support 3 = 118.92

[KAUL]

analysis for today 2 / 12 / 2015

USDJPY

Resistance : R1 120.79 R2 121.04 R3 121.24 R4 121.54
Support : S1 119.72 S2 119.47 S3 119.27 S4 118.97

Open : 120.46
High : 120.47
Low : 120.04
Range : .43 Pips
Running Price : 120.04


Strategy : SELL at the level 120.04 stop loss at the level 120.79 target take profit at the level 119.27 or at the level 118.97

[pritishahfx]

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 118.67; (P) 119.14; (R1) 119.89

4H

USD/JPY's rally continues as expected and reaches as high as 120.32 so far. Intraday bias remains on the upside for 120.82 resistance and above. Considering that the consolidation pattern from 121.84 might extend, we'd be cautious on strong resistance between 120.82 and 121.84 to limit upside and bring reversal. But break of 121.82 resistance will confirm larger up trend resumption. Meanwhile, below 119.21 would turn bias back to the upside for 116.86 support. In any case, downside attempts should be contained by 38.2% retracement of 105.19 to 121.84 at 115.47.

---------- Post added at 06:58 PM ---------- Previous post was at 06:52 PM ----------

D1

In the bigger picture, whole medium term up trend from 75.56 is still in progress and should target a test on 124.13 resistance next. Break there would pave the way to 135.20/147.68 key resistance zone. On the downside, break of 110.08 resistance support is needed to confirm medium term topping, or outlook will stay bullish even in case of deep pull back.

---------- Post added at 07:07 PM ---------- Previous post was at 06:58 PM ----------

USD/JPY Technical Strategy: Flat
Support: 118.96, 118.10, 116.76
Resistance: 120.82, 121.91, 123.88
The US Dollar may be readying to resume its advance against the Japanese Yen after prices cleared resistance at the top of a two-month-old Triangle pattern. A daily close above the December 23 high at 120.82 exposes the 38.2% Fibonacci expansion at 121.91. Alternatively, a turn below Triangle top resistance-turned-support at 118.96 clears the way for a challenge of recently broken channel top at 118.10.
While entering long seems tempting, we will tactically opt to stand aside. A strong correlation between USDJPY and the S&P 500 stock index hints at a high sensitivity to sentiment trends. That makes a long trade vulnerable to the breakout of risk aversion if upcoming negotiations between Greece and the EU are unsuccessful. With that in mind, we will stand aside.

---------- Post added at 07:39 PM ---------- Previous post was at 07:07 PM ----------

USD/JPY broke above the 2nd square root relationship of the 2014 high this morning to trade at its highest level in over a month. The technical break comes on the heels of some other key breaks over the past few days including a trendline connecting the December and January highs and the 61.8% retracement of the December range. The breakout from the multi-month consolidation looks valid and a daily close above 119.65 will further solidify this view. The late December high around 120.80 is the next upside attraction of significance with a break above required to invalidate some medium-term negative cyclical concerns. This week�s low near 118.40 is key support and only weakness below this level would turn the technical picture negative.

[Gamabunta]

I think that we can put a sell limit order at the resistance level at 120.77 with take profit at 118.84.

[pritishahfx]

D1

In the bigger picture, whole medium term up trend from 75.56 is still in progress and should target a test on 124.13 resistance next. Break there would pave the way to 135.20/147.68 key resistance zone. On the downside, break of 110.08 resistance support is needed to confirm medium term topping, or outlook will stay bullish even in case of deep pull back.

---------- Post added at 12:55 PM ---------- Previous post was at 12:31 PM ----------

The pair inched higher and is trading around 119.55. Holding above 119.45 extends the upside move in the coming period targeting 119.75 and 120.45 and 121.10, as trading above 118.70 is positive and support the upside move, while breaking 117.90 threatens to fail the suggested expectations.

---------- Post added at 01:14 PM ---------- Previous post was at 12:55 PM ----------

Support 119.45 120.00 120.45 120.75 121.10
Resistance 119.05 118.45 117.90 117.70 117.05
Recommendation
Positive expectations above 119.45, risk-limit below 118.20.

[lokeshkharb]

USDJPY appears to us even now very likely to guide RI bullish on the buying price of 100. 85 or even effective at leading R II with info. sixty price observed time period h1 that looks like the particular bullish break higher chances it will have stronger mainly because it arises throughout even GB.

[Bieela]

USDJPY will continue to rise to the level of R2: 120.37, or maybe more than that price therefore I recommend to my to do with TP OP buy at that price. Do not forget to install the SL according to MM you use. Happy trading.

[fxearner]

usd/jpy ne kal apna range upward ki taraf break kiya hai aur ab ye pair he up he jayengaess pair me kaafi achha option hai agar aap esko buy karke chalte hai to aur kaafi jada movement ess pair me nfp ke baad dekhne ko mila hai..

[pritishahfx]

USD/JPY Daily Outlook

Daily Pivots: (S1) 118.67; (P) 119.14; (R1) 119.89

4H

USD/JPY's rally continues today and reaches as high as 119.78 so far. Intraday bias remains on the upside. Current rise from 115.84 should target 120.82 resistance. Considering that the consolidation pattern from 121.84 might extend, we'd be cautious on strong resistance between 120.82 and 121.84 to limit upside and bring reversal. But break of 121.82 resistance will confirm larger up trend resumption. Meanwhile, below 118.32 would turn bias back to the upside for 116.86 support. In any case, downside attempts should be contained by 38.2% retracement of 105.19 to 121.84 at 115.47.

[KAUL]

analysis for today 2 / 11 / 2015

USDJPY

Resistance : R1 120.05 R2 120.30 R3 120.50 R4 120.80
Support : S1 118.91 S2 118.66 S3 118.46 S4 118.16

Open : 119.45
High : 119.66
Low : 119.30
Range : .36 Pips
Running Price : 119.54

Strategy : BUY at the level 119.54 stop loss at the level 118.91 target take profit at the level 120.50 or at the level 120.80