consolidation from 75.56 should extend for a while below 85.51 first. In anyway, we'd stay bearish as long as 85.51 resistance holds and expect an eventual downside breakout.
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consolidation from 75.56 should extend for a while below 85.51 first. In anyway, we'd stay bearish as long as 85.51 resistance holds and expect an eventual downside breakout.
long positions at 79.6470 with 79.8550 target
the breakout of 79.4570 will call for a rebound towards 79.2850
http://www14.0zz0.com/2012/07/02/10/357920511.gif
Set up and keep looking to the north of the pair on the daily chart clearly shows the level of support (italic) below which the couple is not allowed, and the course could not be strengthened below 200 moving, the purpose of 81.00.
USD / JPY pair broke the uptrend and closure under today's trend will increase the likelihood of landing more, but the pair is close to the areas that constitute 23 Fibonacci support level
The RSI is supported by bullish trend line. Long position is preferable at 79.45 with price targets 80 and 80.25. If the price goes to below 79.35 then we can expect downward movement 79.1 and 79 as price targets.
The pair is now trading within the lateral canal yesterday, a bit rate did not reach to the bottom of the channel and went to a retreat to the north, the rate approaches the upper slope of the line (the strong resistance of 80.00) from him, I expect a retreat to the south.
short positions at 79.7600 with 79.6200target
the breakout of 79.8700 will call for a rebound towards 79.9600
http://www11.0zz0.com/2012/07/03/09/631319990.gif
USD / JPY closed the first trading day of this month's candle bearish but the pair returned to the rise of the day when the rising trend and is now trading above resistance levels, which makes it possible to see more large ascent
http://www2.0zz0.com/2012/07/03/10/896883141.png
If we analyze the 4 hour chart, you can see the triangle formed converging, the couple is in limbo, and it is not clear which side of the triangle will be broken, I continue to watch it. I think that still go to the north.
As expected, pair looks rejected by 79.85, still sideways, lets see if pair breaks this sideways channel in US session on US data releases, downward movement will open the way to 79.30
The main purpose of JPY is still about sloping resistance line to which the price is moving now, today, there was a retreat from the long-term support level (inclined), and if it is able to break through the sloping level of something to be 80.55.
Also noticeable falling interest of market participants and jpy pair also formed a converging triangle with two inclined faces after such lateral movements tend to come in strong and abrupt changes that need to be prepared.
long positions at 79.8070 with 79.9730 target
the breakout of 79.6710 will call for a slide at 79.5290
http://www14.0zz0.com/2012/07/04/10/317946561.gif
USDJPY Daily chart
We can see broken downtrend line. After breaking trend line price started moving within channel. I expect upward movement till red line @ 80.54
Good luck
Here I have an open short position, the pair approached the sloping line of resistance and she strayed to the south, I do not think that in this market fletovom she can overcome this level of objective 79.35.
USD / JPY pair has become today, provides twice the signal to resume the upward trend, but as long as the above support levels did not close under the rising trend, we continue to expect more of the Ascension
http://www14.0zz0.com/2012/07/04/13/801231079.png
In Japanese currency trading is almost standing still, but it can be seen that the graph is gradually increasing, the lower classes are getting higher, and the histogram crossed the 0 line and begins to rise, the volume is still small, but at the rate of 80.60 pair still holds ..
The course had just approached the sloping line of support and she made a retreat to the north, the general trend now aims to strengthen the dollar, the yen goals I have are about the level of 80.00.
USD / JPY exchange rate today, went to a number of strong levels of support - among them the lower boundary of the Ichimoku cloud and sloping trend line, while considering first and foremost a retreat to the north, but the breakout to be 79.30.
USD / JPY pair returned today for the drop and break the rising trend after a touch of the Fibonacci levels of 38.2, as well as for the cloud Como Span closed if it is the form in which it is likely to see more of the landing
http://www5.0zz0.com/2012/07/05/12/127730457.png
USDJPY is testing now fobonacci 23.6 % in H4 chart shown , so breaking it means we will have more bullish direction for this pair in the next hours till reach fibo 0% , else it may retest the shown bullish trend and there i think a great chance to buy near this trend with small stop lose below it ,
Attachment 2149
question always come in my head when i lose in forex market. I always sad and think maybe i not smart enough to trade forex. Is forex only place for smart people who have high intelligence? I always search this question. My friend was ever talking to me, if Issac Newton to ever lose in stock investment.
So how do
Price continues to trade in non-symmetric channel, now forms the southern course of the wave to the lower support line (inclined) of it is likely to be a retreat to the north and the resumption of growth in the dollar.
As a strong level of support appears here by sliding the blue indicator Ichimoku below a given level of 79.83 the price is not allowed, it seems there is someone buys, the course is also trading above the clouds, waiting for growth.
Remember - Strong Risk Off will prove Heavy for $USDJPY. . . Still not worried. . . We'll add more if we get a more substantial pullback...
on the H4 chart we have a moving up trend and a strong support level @ 50% so i predict that USDJPY will move upward on the short term so i suggest buying with target point @61.8%.
My Weekly Analysis :
the pair went out of a long down channel and now it has retested the channel so in my opinion the pair may continue down through another down channel and may continue up through up channel so for me i will wait till the price cross one of the shown channels and i will go with the direction (see the daily chart for more understanding )
Attachment 2232
For the broken trend lovers we have a very accurate broken trend this pair at h1 time frame that a good chance to take little certain points in the first hours of the new week ( see h1 chart)
Attachment 2233
USD / JPY pair is heading to four hours in an uptrend, but the frame face daily in the way the pair cloud Como Span large
http://www13.0zz0.com/2012/07/08/16/394255444.png
I think this is very good currency pair for trade.Because sometimes we can guess it's trend.I normally trade EUR/USD and USD/JPY ,I think you can easily catch the trend of this pair, and then earn good profit yourself.
USDJPY At this moment this pair is trading at Tools, looking at Average Exponential Indicator (ADX) we have a Neutral trend direction. If we look at Commodity Channel Index (CCI) it is at 8.8414, giving us the advice that we should look for a Buy Situation. This in conjunction with the the Moving Average Convergence Divergence (MACD) at -0.0126, telling us that we should be in a Neutral trend. This data help us to make a decision on the direction of price for this pair.
USD / JPY price is still on last week managed to break through the sloping level of support and confidence was fixed below it (had to test it for resistance), and strayed back to the south, the goal until about 79.20.
The overall trend was reversed in the south after breaking through the long sloping line, the price is now trading near the lower boundary of the Ichimoku cloud, if it manages to consolidate the position below this line we can expect medium-term decline.
Target can be a massive strengthening of the yen to 78.20 area, otherwise the area is a signal of weakening yen 79.90, if there are closing in one area then the signal will determine the trend of movement of the yen was at least for the medium term.
Buy : 79.40
Sell : 79.82
USD / JPY on the daily Frame marry when there is cloud Como SPAN play a large resistance, which makes us think about the sale but we have to wait to break the rising trend
http://www5.0zz0.com/2012/07/09/15/364176635.png
price moves without any changes but on the daily chart you can see the triangle formed converging, today the price went up to the bottom of its borders, and if it manages to overcome it is possible to expect medium-term decline.
USD / JPY pair closed yesterday's doji candle closed within the rising trend today is the pair under the rising trend means we have broken the rising trend but better to wait for closure today under the trend of selling the pair
http://www7.0zz0.com/2012/07/10/10/570536071.png
The pair now has managed to overcome the level of support 79.50, and after breaking away to the north-level correction and is now testing 79.50 but as a resistance level, I think will hang in the south.
To date the Japanese currency pairs with the most mobile on the short schedule m-15, we see the breakdown of the support level of 79.50. and is now trying to consolidate below the histogram is also preparing for hammering on its signal line, so long as we go down ...
The pair is trading within a converging triangle, the price can not overcome its lower boundary, the level of support 79.22, which just went into a dense, most likely will retreat to the north.
but the JPY after the pair broke through the sloping level continues to drop, now on the further course of the fall separates the horizontal support 79.21 but is confident that its price will break through, and then I selling.