The dollar rose Wednesday after the Federal Reserve's April meeting minutes indicated that the central bank could raise interest rates as soon as june .
I think we are heading to 111.600
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The dollar rose Wednesday after the Federal Reserve's April meeting minutes indicated that the central bank could raise interest rates as soon as june .
I think we are heading to 111.600
The current price for the USDJPY keeps moving below the Ichimoku Cloud in additonal to the appeariance of the blue color for now which let us think about the long term direction of bearish targeting the next support levels which assumes to be sets at 109.95 qoutes.
Also whithin this direction there are bullish cross occurs between the indicator's lines of Tenken Sen and Kijun sen which you can monitor that the green tenken sen goes above the line of kijun sen which we can use as a signal for a week move because it?s direction goes against the trend.
109.95 In this case the support line founded at 110.15 have a big opportunity to be hit before the target of 109.95 arrived.
http://imagizer.imageshack.com/img92.../9OJz3N.th.gif
The pair managed to come into contact with our goal first major, which is a barrier of resistance posed by the SMA 50 at 110.25, with a note that the price achieved a daily closing above the barrier of 110.00, which supports opportunities continuation of the bullish tendency on the intraday and short term, noting that the breach SMA 50 will lead the price to visit the key level of 113.97 as a stop next.
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Consequently, we will continue tipping upside over the coming sessions with support from the positive signal provided by Stochastic that, with a reminder that stability above 106.63 is the most important condition for the continuation of the proposed hike.
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Expected trading range for today is among the 109.00 support and 111.50 resistance scale
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General tendency is expected for today: UPmql5.com/en/charts/5166630/usdjpy-d1-trading-point-of
When trying to analyze the chart we can monitor that the last pattern on the USDJPY was a bearish signal because of the brain trend indicator which currently has a down arrow that drawn on the chart above the price and the last key resistance can be located near the red line near 110.15 Now the RSI index correspond with the upward trend direction as it is now stays above the 50th level which gives us a two opposite signal to choose the sell orders and then it is better to wait for the short term trade till we get a confirmation from the RSI When mention the trade target I think that the support which could be found at the price 109.4 is a totally strong and the cost might be found some troubles when it reaches it which make it a proper place to disuse the trade and waiting for the Price activity within this scale. http://funkyimg.com/i/2bXBn.gif
The price of the USDJPY stays moving below the Ichimoku Cloud while the indicator have a blue color for now which let us think about the long term direction of bearish targeting the upcoming priceses near the support area near 110.15 prices.
You can also mention the bullish cross occurs between the indicator's lines of Tenken Sen and Kijun sen which you can monitor that the green tenken sen goes above the line of kijun sen which we can use as a signal for a week direction as the cross comes against the trend.
110.15 Finally I think due to this situation the support zone located near 110.25 have a high chance to be hit before the main target of 110.15 accomplished.
http://imagizer.imageshack.com/img92.../dHSwd1.th.gif
The last signal appears on the hour chart of the USDJPY was a bullish one according to the brain trend indicator by having the up arrow drawn below the candles and also shows the best support level is located by the red line at 110.25 Now the RSI index correspond with the upward trend as you can see it stays above the 50th level which gives us a two equal signal to enter the buy orders and then the best decision for this case is to enter the short term trade as soon as possible When talking about the trade target I do think that the resistance that located at the price 110.65 is a perfectly robust and the price may found some snags when it reaches it which make it a convenient spot to exit the trade and waiting for the price action within this standard. http://funkyimg.com/i/2c1gg.gif
I think our next target is111.680 which we are going to rapidly as seen on weely charts and us positive news.
Levels dollars a pair / JPY USD / JPY
Stopped a pair of $ / JPY USD / JPY tested the initial psychological resistance 110.50. Declines superficial, and accumulate long positions on the 59 DMA bottoms in today's session so far at 109.85. There is major support at 108.85, while the goal of a major bullish 111.90 to confirm that the market has found a base. On the back of the fracture toward the bearish trend once again, the moving averages for each month of 200 and 200 a week that are found at the 105.87 / 70 may provide a strong support.
The moving average 50 continue to form strong obstacle aganist the USD/JPY pair's positives attempts ,this forces and lead to the price votality in side way and gives some negatives trades,In general i think the pair is going up
http://i9.pixs.ru/storage/0/5/3/0606...7_22231053.jpg
Yen in short balance, Wait rollback for good point for open short.
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