Usd/Jpy

Technical analysis for this pairs

usd/jpy analysis for 07.11.2018

( USD/JPY ) price sell (minimum) is 0.6779 or buy (maximum) 0.6797

The greenback ended the session on Wednesday flat with a negative bais, versus the yen,
completing a range-bound session. The pair closed above crucial levels at 98.00; lower
end of the medium term bullish channel and the gains could extend to 99.70- 100.00 yen
in the near term. Important supports placed at 97.50- 98.00, close below which the
declines could extend to 96.00- 96.26. Buy the pair on dips.

USD..JPY
techncal analysis usd/jpy
this is a sensitive price rate
the price usd/jpy buying point is 113.75 and the selling point 113.50

Today in my view this pair is gone Bullish.
Current price of this pair is. 111.200
Resistance lever and Support lever.
Resistance lever one is. 111.300
Resistance lever two is. 111.400
Resistance lever three is. 111.500
Support lever one is. 111.100
Support lever two is. 111.000
Support lever three is. 110.900

pair has been trapped within the same trading range consolidating above SMA 100 and above the initial support of 79.35 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 79.35and 80.20.

USDJPY yesterday was sideway movement. and now the price has come down and make daily LSMA a strong trending down. then we will focus on looking for the best short positions. has made ​​a new low price, and then seen bouncing, chances are the price will retrace a small. benchmark weekly LSMA still pointing up, but buyer dominance has begun to weaken, because the position of the current price is below the weekly LSMA. if daily LSMA able to make a new low, it will be a weekly LSMA trendning down. could open a sell position today with a stop loss area is around LSMA daily.

A decline in continuing and initials jobless claims in the US and trade balance data help stocks improve in Europe and also to Wall Street futures that trimmed losses. In the currency market the Yen weakened and turned lower on a moved that it could be also supported by a sharp decline in the Swiss Franc across the board.

Overall the price is not trending, making a lot of false breakout/breakdown between 79.70 –82.20 range area. Aggressive intraday traders can still long around 80.00 – 79.55 with tight stop loss below 79.55 or short around 82.20 also with tight stop loss.
Resistance Level : 82.20, 82.60, 83.45
Support Level : 80.00, 79.55, 79.00
Trading Range : 79.70 – 82.20
Trend : Neutral

The following data is predicted based on indicators that we use for the currency pair USDJPY today, for today's resistance levels as follows: RI (98.54) R II (98.77) R III (99.05). and to this day support levels as follows: SI (97.77) S II (97.55) S IIII (97.27)
recommendation:
place your sell stop at 97.96 target profit at 97.76. (Seller zones)
place your buy stop at 98.36 profit target at 98.56 (buyer zone)

Yesterday the pair showed a retreat from the mid-term horizontal level 98.34, while the course is forming a new wave of southern and work out a sell signal MACD, while preventing further reduce horizontal support 97.65, which is a breakthrough and will be a strong signal to sell, this opens the way to 96.87 and 95.90.