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Our main objectives begins at 124.00 and extends to 125.85, with the attention that the breach of 120.70 will stop the positive scenario Short-term path and turns downward.Quote:
Originally Posted by Gamabunta
Expected trading range for today is among the 120.00 support and 122.00 resistance scale.
Issued on Wednesday evening mixed US data package results between negative and positive, notably durable goods orders.Quote:
Originally Posted by Gamabunta
Where the US commodity sales fell short of expectations and previous to -0.1% vs. 0.5% previously while the
It is forecast to decline to just 0.1%, and this remains our third and a half pm US jobless claims before entry
The market a few hours in the New Year's holiday vacation in the world.
Technically: - on the daily Frame managed to pair the day of the landing and to break down the rising trend line and is currently trading below.
As the pair arrived at the horizontal support line, who is about the price of 120.20 and touched, but without breaking the bottom yet.
I therefore believe that any new landing must be preceded by breaking to support 120.20 and closing day candle down.
this is united state and Japan currency pair in which the many traders are trading and getting income this trading pair has also good movement per day this trading pair has also more the 60 pips per day movement trades like this pair
I think that we are Still to see fireworks 🎆 on this pair and since there is a reason that it becomes weak each day that is when trading you should know about the strength of the Japanese yen continued strong enough to stay down but in future be sure that it will go up
Current levels are not attractive to open short positions. We may sell when the price reaches 117.99/118.35 with the target117.00. There is aalso a possibility of growth to 118.75.
http://s019.radikal.ru/i618/1601/bf/4aebccebed68.png
Spoiler:
usd jpy movement for this week depending on suport in 117.21.if cross will at the area fibo -61.8 /115.20 and if the price bounced back to resistance at the fibo 23.6 /117.98.this is my setting fibo.
look is still in down trend. there are no signs of an increase. runing current price 117.49, still towards demand at 116.85. resistant in the price of 118.3x. do sell the initial risk in resistant.
analis todah for USDJPY will up to 118.00 / fibo 100
The pair stabilized trading against the yen below the level of 118.00 after the attempted breakout yesterday, which keeps the negative pressure based on the intraday and short term, reinforcing expectations of continued adverse trading during the coming period, pending the 116.14 level test mainly.
http://i.imgur.com/sEjpMiw.png
USDJPY: consolidation below the level of 118.37
USDJPY
Jan. 14, 2016, 09:16
Buy on a level breakthrough of 118.37 with 118.90 target. Stop loss = 117.87.
Reason for the trading strategy
In December, the volume of orders for machinery equipment in Japan declined from 17.7% (y/y) to 25.8% (y/y). These data signal a low demand for Japan's industrial products, which is exported to other countries. The news is negative for the yen.
USDJPY, H4
https://www.exness.com/media/media/2016/01/14/3.png