Usd/Jpy

The price is moving above the wave of EMA indicators to perform a shape of bullish direction through the day at the chart of USDJPY pair And with a buy signal showing on the RSI indicator which have the line going above the center line of 35 This also can be merged with the data of Macd indicator as you can see the green lines is heading up to inform that the market bulls have the control at the market for the current period Then I think going with the bulls at the current day and keep at the market until another sell signals shown on the chart by getting the price below the wave of EMA indicators.
http://bigimage.cz/photos/20010101978308355134415.gif .

the price seems to move in upward trend today on the USDJPY chart as there are a blue dots below the bars and as long as the price keeps higher than the strong support of 105.5133 which is also the weekly Pivot point then it seems that the price may keep going north till it can hit the weekly pivot resistance at 107.9233 .
In other scenario if the price can break the support 105.5133 and get a bearish signals by a red dots then it’s expected to keep going south till the support of 104.1467 as the next weekly Pivot point.
http://imagez.me/photos/20141019141375836319663.gif .

A clear cross is occurs on the momentum indicator on the USDJPY chart as the blue line goes above the red one to perform a good buying signals for the current time By the way the blue color is shown on the Oracle Strength indicator and then it can be considered as a upward direction signal for the USDJPY To add strength to the direction the Oracle direction indicator should be useful and by a quick look you can see the blue color on the arrows to perform a upward signal on the short term Now according to these data I think a upward trend should be in action as long as the momentum buy cross still on the chart and a buy trades can be taken as long as the ATR indicator keep showing a buying signals.
http://imagez.me/photos/20141019141375829175499.gif .

A bullish trend is now in action as you can see the green arrow shown on the hourly USDJPY chart at the current time which is supported with a bottom located at 106.2 which can be also used as a very strong support that the price shouldn’t go below it if the bullish trend still strong.
Also the parabolic sar dots is showing below the candles which is a sign that the price is heading up for a while.
when buying trades take a place I think then the resistance 106.65 can be a good area in order to close some open positions as the price has a good chance to go south after hitting it.
http://bigimage.cz/photos/20141017141349902183871.gif .

A week bullish trend take a place on the hourly chart of the USDJPY as the Blade oscillator is now at 0.246 area above the level of balance and at the same time the indicator is blue colored which is a week indication of bullish direction on the short term. On the chart itself you can see the moving average 5 sloping UP and then you can consider the last bottom drawn by it at 107.01 as a good stop loss if you need it in case of buy orders which is very advised according to the indicators signals. http://imagez.me/photos/20141019141376043125290.gif

The USDJPY now is on a bullish direction according to Henkin Ashi candles color which is blue at this moment in associated with up arrow to indicate up trend When trying to analyze Snake vs T3-Clean you can see a buy signal due to intersection happens And to make sure you can take a look on the trend session indicator and you can see the blue bar to confirm a buy signal for current period Another important thing that you need to keep in mind is the resistance located at 107.63 which may get the price reversed to down levels if it fails to break it http://bigimage.cz/photos/20010101978309344214434.gif

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analysis for today 10 / 20 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 10 / 17 / 2014
OPEN 1,060.32
HIGH 106.93
LOW 106.13
CLOSED 106.89

The third resistance (R3) 106.93 - ( 106.65 - 106.13 = 0.52 x 2 = 1.04
The second Resistance (R2) 106.65 + 106.93 - 106.13 = 107.45
First resistance (R1) 106.65 x 2 = 213.30 - 106.13 = 107.17
pivot points 106.93 + 106.13 + 106.89 = 319.95 / 3 = 106.65
Support for the first (S1) 106.65 x 2 = 213.30 - 106.93 = 106.37
Support second (S2) 106.65 - ( 106.93 - 106.13 = 0.80 ) = 105.85
Third Support (S3) 106.13 - ( 106.93 - 106.65 = 0.28 x 2 = 0.56

Daily forecast: USDJPY 20 Oct. 2014.

Technical analysis for Daily forecast of USDJPY 20 October, 2014. In Daily chart USDJPY shows bullish trend. At present USDJPY above the pivot point and breaks 1st resistance level and going towards the 2nd resistance level. If 2nd resistance level breaks then next strong resistance level is 108.486.

Pivot: 106.643

Resistance levels

R1 107.163
R2 107.446
R3 107.966
R4 108.486

Support levels

S1 106.360
S2 105.840
S3 105.557
S4 105.274
Attachment 11912

A bottom is drawn via ZigZag indicator to show a good chance that the USDJPY pair may head up upon the coming hours.
And the price is at the moment moving near the up edge of the Donchin band indicator which is a sign that can’t be neglected that the price will face a big difficult if it tries to move upward Then I guess betting on the upward direction have a better odds but only if the price can be able to have a closed candle above the resistance of 107.35 which you can monitor it on the chart by the red dots and waiting for the 2 SMA indicators to make a buy cross can be a better way to catch a strong buy trades In this case thinking about the support line at 107.05 to be a stop level area can help in case of facing an opposite downward direction .
http://bigimage.cz/photos/20010101978321077789796.gif

the USDJPY pair is now moving at a bullish trend which can be recognized by the up blue arrow below the price and at the same time you can monitor the buy cross between the snake and T3_clean on the 1H chart Now to define the levels which may affect the direction you can use the resistance level at 107.35 as a good area to claim the profits or keep buying if the price breaks it up while on the other hand the level 106.15 could be used as a support which the stop loss level can be set Finally buying can be the right decision for now until an opposite sell cross occurs on the indicators or a red down arrow is shown http://bigimage.cz/photos/20010101978322625301123.gif .