Yes, today the couple pretty interesting, is now moving very well, that is again a stop price moves in a wide range of 83.25 - 83.90 .. I think there is no breakdown of the lower limit, the chance to continue the trend of very large ...
Printable View
Yes, today the couple pretty interesting, is now moving very well, that is again a stop price moves in a wide range of 83.25 - 83.90 .. I think there is no breakdown of the lower limit, the chance to continue the trend of very large ...
ok .. trend could go upper, but i think will at least two times test H4 and D1 resistance at levels around 84.00 .. it will not be easy to break that level ;)
The pair was opened above 2nd resistance level with gap, so it is possible to go down to close the gap. It is likely to fall towards 83.59 or lower.
USD/JPY intraday: bounce.
Our preference: Long positions above 83.7 with targets @ 84.2 & 84.4 in extension.
Alternative scenario: Below 83.7 look for further downside with 83.2 & 82.9 as targets.
Key levels
84.7
84.4
84.2
84.161 last
83.7
83.2
82.9
USDJPY’s upward movement from 82.11 extends to as high as 84.33. Further rise could be expected after a minor consolidation,
and next target would be at 84.50 area.
Support is at 83.65, as long as this level holds, the uptrend will continue.
the again was able to make some good move against the yen during the market today.the market was at 79.09 when i join the market and i was able to online long enough to see the fall of the yen from 79.09 to 79.31 though i wasn't trading on the yen platform but i was able to take a lesson or two.
Support: 82.96
Pivot: 83.59
Resistance: 84.23
trendspotter buy
7 day average directional indicator buy
10-8 day MA hilo channel buy
20 day MA VS Price buy
20-50 Day MACD oscillator buy
20 Day Bollinger Bands buy
Technical Analysis for USDJPY 100% Buy
USD/JPY Weekly Outlook
USD/JPY jumped further to as high as 83.96 last week but lost some momentum ahead of 84.17 and retreated. Initial bias is neutral this week first. Further rise is still expected as long as 81.68 support holds, but we'll start to be cautious on reversal signal from now on, in particular inside 84.17/85.51 resistance zone.
In the bigger picture, rise from 77.13 is viewed as a leg inside the consolidation pattern from 75.56. Such rally could extend to 84.17 and above. But after all, there is no clear indication of long term trend reversal yet. As long as 85.51 resistance holds, we'd expect the downside from 124.13 to resume sooner or later to a new low below 75.56. However, decisive break of 85.51 will be a sign of medium term reversal and strong rise should then at least be seen to 55 months EMA (now at 87.42) and above.
In the long term picture, with 85.51 resistance intact, there is no scope for trend reversal yet. Though, some more consolidative trading would be seen in medium term above 75.56 first before the long term down trend from 124.13 eventually resumes to 70 psychological level.
---------- Post added at 04:07 PM ---------- Previous post was at 02:34 PM ----------
USD/JPY Daily Outlook
Daily Pivots: (S1) 83.22; (P) 83.59; (R1) 83.86;
USD/JPY jumps further to as high as 84.32 today and breached 84.14 resistance. Intraday bias remains on the upside for the moment for further rally. Nonetheless, we'd continue to be cautious on reversal signal from now on, in particular inside 84.17/85.51 resistance zone. Though, break of 82.83 support is needed to indicate short term topping first. Otherwise, outlook will stay bullish.
In the bigger picture, rise from 77.13 is viewed as a leg inside the consolidation pattern from 75.56. Such rally could extend to 84.17 and above. But after all, there is no clear indication of long term trend reversal yet. As long as 85.51 resistance holds, we'd expect the downside from 124.13 to resume sooner or later to a new low below 75.56. However, decisive break of 85.51 will be a sign of medium term reversal and strong rise should then at least be seen to 55 months EMA (now at 87.42) and above.
the opening of today's session was open to the north gepom occurred about the long-term resistance of 84.13 and now the pair began to block this HepB, still waiting for the resumption of growth in the North-I think it will happen on 83.65 + - while adding another purchase.
I agree with your analysis .. i will buy dips .. 83.60 - 83.45 - 83.30 with SL 82.90 :)Quote:
Originally Posted by didir88