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USD/JPY's sharp fall today argues that recovery from 78.33 is finished at 78.84. Intraday bias is cautiously on the downside for 78.33 and break will target 77.90 support next. The overall outlook remains unchanged. That is, price actions from 77.66 are either a consolidation pattern that's completed with three waves to 79.65, or is a five wave triangle pattern. In either case, recovery attempt should now be limited well below 79.65 resistance. Break of 77.99 will indicate that fall from 84.17 is finally resuming for 75.56/84.17 support zone.
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USD/JPY's sharp fall today argues that recovery from 78.33 is finished at 78.84. Intraday bias is cautiously on the downside for 78.33 and break will target 77.90 support next. The overall outlook remains unchanged. That is, price actions from 77.66 are either a consolidation pattern that's completed with three waves to 79.65, or is a five wave triangle pattern. In either case, recovery attempt should now be limited well below 79.65 resistance. Break of 77.99 will indicate that fall from 84.17 is finally resuming for 75.56/84.17 support zone.
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Finally the pair has started moving to the downside last night and approached to the 81.00 level,i have entered from 81.55 and closed half of my position at 81.00,waiting for 80.00 to close rest of it.in technichal approach the price moving below 120 MA,oscilator shows bearish and it's very likely that price action continue it's downside move to the 80.00 level
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USD/JPY continues to consolidate above 78.33 temporary low today and intraday bias remains neutral. As noted before, current development argues that price actions from 77.66 are either a consolidation pattern that's completed with three waves to 79.65, or is a five wave triangle pattern. In either case, recovery attempt should now be limited well below 79.65 resistance. Below 78.33 will turn bias to the downside for 77.90 support. Break and break will indicate that fall from 84.17 is finally resuming for 75.56/84.17 support zone.
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USD/JPY's sharp fall today argues that recovery from 78.33 is finished at 78.84. Intraday bias is cautiously on the downside for 78.33 and break will target 77.90 support next. The overall outlook remains unchanged. That is, price actions from 77.66 are either a consolidation pattern that's completed with three waves to 79.65, or is a five wave triangle pattern. In either case, recovery attempt should now be limited well below 79.65 resistance. Break of 77.99 will indicate that fall from 84.17 is finally resuming for 75.56/84.17 support zone.
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The USD / JPY pair rebounded yesterday to near 110.18 now and is under continuous negative pressure coming from the 50 MA to support the break of the mentioned level and open the way towards our awaited targets at 109.75 and 109.35.
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USD/JPY failed to break through 78.33 support and lost momentum again. Intraday bias is turned neutral again. Consolidation from 78.33 would continue further and above 78.84 will bring another recovery. Though, the overall outlook remains unchanged. That is, price actions from 77.66 are either a consolidation pattern that's completed with three waves to 79.65, or is a five wave triangle pattern. In either case, recovery attempt should be limited well below 79.65 resistance. Break of 77.99 will indicate that fall from 84.17 is finally resuming for 75.56/84.17 support zone.
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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.
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provides the latest technical analysis of the USD/JPY (Dollar ... find live updates around the clock if any major changes occur in the currency pair. ... 110.38 level now, falling under continuous negative pressure that comes by the ... to break 112.46 level and holding below it, to open the way towards our next
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After understanding the analysis I am trying to discuss( Usd/Jpy) pair today.
After spending a great time on this pair I would be able to understand the trend of this pair. I am not 100% sure about it but it is my opinion only.
Trading recommendation for a big profit is… ( Sell )
I use the moving average for analysis
Moving Average (period 60) Red: down
Moving Average (Period 10) Yellow: down
Moving Average: (Period 200) green: down
Crossing Point:Non
Running point of today market: 110.26
