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http://charts.mql5.com/2/407/usdjpy-...orex-group.png
we can see in the 4h chart
the pair trading down the 50.0
I see the pair will go to down way to 97.50
stochastic refers that the pair will go down
so our target sell from 78.15 and our target will 66pips
Good luck
:good::respect:
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we can see in the 1w chart
the pair trading down the 50.0
I see the pair will go to down way to 89.62
smacd refers that the pair will go down
so our target sell from 98.16 and our target will 851pips
Good luck
http://charts.mql5.com/2/407/usdjpy-...orex-group.png
:respect:
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the pair can break the up trend to down way in 1h chart
stochastic refers to down way
moving confirm the down view
so the pair will continue to down way
http://www14.0zz0.com/2013/08/31/20/388774381.png
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I fully agree with the fact that the forex trading plan is necessary. You can break it down into steps and ****ually move its implementation in full, tracing the dynamics of the motion, thus making conclusions and continue to make adjustments .....
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the pair trade above the up trend
stochastic refers to up way
so the pair will continue to up way
http://www11.0zz0.com/2013/08/31/22/654881566.png
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Of observations by the method of technical analysis I have seen of the currency pairs Usd/Jpy and indicators that I use is the Bollinger Bands and fibbo.
It is seen that the position of the forex market are on point 98.16 and there is support and resistance on the
- R3 : 99.81
- R2 : 99.16
- R1 : 98.74
- Pivots : 98.09
- S1 : 97.67
- S2 : 97.02
- S3 : 96.6
then I highly recommend you to open position SELL with
Take Profit is equal to 97.86 as well as Stop Loss at point 98.46
so that the target pips for today I think is at 150 pips
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USD/JPY Daily Chart Inside Bar Trade Setup: Price closed on friday at 98.20 with dojiy candle, Long term trade is bearish as soon pair remain 100.00 level i am wating of retesting of 98.40 level if market rejected it then i will enter for sell with target of 97.00 ,stop loss will be above of 98.5
https://fbcdn-sphotos-g-a.akamaihd.n...15326534_o.jpg
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The USD/JPY pair has been an interesting market to watch, simply because there are so many moving pieces at one point in time. After all, on one side of the Pacific Ocean you have the Bank of Japan working against the value of the Yen overall, by mainly purchasing bonds and making verbal threats in the currency markets. On the other side of the Pacific, you have the United States which appears to be ready to start thinking about cutting back on quantitative easing. Because of this, we could see a nice move in this pair that continues over the long-term, possibly for years.
However, the idea of tapering off of quantitative easing in the month of September isn't necessarily a slam-dunk at this point. After all, there have been conflicting reports about what various board members on the Federal Reserve want to do. Nonetheless, the most recent minutes to come out of the central bank suggested that more and more people are coming to the side of Ben Bernanke, it seems to be ready to back off of quantitative easing fairly soon. If that's the case, this pair should go straight up as you have one central bank working against its own currency, while another one is at the very least slowing down its self-destructive actions.
Expect a lot of noise until the middle of September.
Quite frankly, this pair is going to be very difficult to trade for the next couple of weeks. However, if the central banks do what traders are expecting them to do, this pair should continue to rise over the long-term and might be a nice long-term trade for investors as well as speculators.
As you can see on the chart, I have drawn an uptrend line that the market has been falling since the beginning of 2013, and at this point in time it appears that the market will continue to go higher case upon that dynamic support. Because of this, I would have to trade on the side of caution, and assume this pair is going to go higher. However, if the Federal Reserve does not taper off of quantitative easing, you can expect a massive and sharp move lower.
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USD / JPY pair is in an uncertain and very interesting situation, as we see in the daily chart has formed a clear convergent autogonal treugolnyk, to determine the direction of future movements should wait for the breakdown of one of the boundaries of the figure, given the long-term trend still think that this will be the upper limit.
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Usd/jpy analysis for 09.02.2013 by using pivot indicator.
r3: 99.032
r2: 98.746
r1: 98.451
pivot: 98.165
s1: 97.870
s2: 97.584
s3: 97.289