Usd/Jpy

A week bearish trend take a place on the hourly chart of the USDJPY as the Blade oscillator is now at 0.278 area below the level of balance and at the same time the indicator is blue colored which is a week indication of bearish 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 top drawn by it at 106.92 as a good stop loss if you need it in case of sell orders which is very advised according to the indicators signals. http://imagez.me/photos/20141020141384521102035.gif

According to the chart of USDJPY there are a main down trend signal as the 2 EMA 5 and 6 moving below the slow EMA of 35 then I guess I will take a sell positions once the other indicators confirm the bearish direction.
There are a dots above the candles for parabolic sar indicator to indicate a downward direction and also I can monitor a sell signal on the MACD indicator which moving below the level 0 for now beside the CCI line is at the lower level to perform a downward signal.
As I said before according to the EMA locations selling is my favorite side for today as long as the price didn’t show any opposite bullish signals.
http://bigimage.cz/photos/20010102978422316187641.gif .

As you can see on the chart of USDJPY the prices is now upper than the EMA line of 15 which could be used as a good sign of bullish trend for today.
Also the power line indicator is now above the 50 level which indicates a good upward direction signal.
One important thing else is the power momentum indicator which as you can see show a low power of the bullish trend which can be used to filter the entry of buy positions.
http://bigimage.cz/photos/20010102978424821132230.gif .

Daily forecast: USDJPY 21 Oct. 2014.

Technical analysis for Daily forecast of USDJPY 21 October, 2014. In Daily chart USDJPY shows bearish trend. At present USDJPY breaks 1st and 2nd support levels and going towards the 3rd support level. If 3rd support level breaks then next strong support level is 105.724.

Pivot: 107.027

Resistance levels

R1 107.282
R2 107.631
R3 107.886
R4 108.140

Support levels

S1 106.678
S2 106.423
S3 106.074
S4 105.724
Attachment 11938

http://i.imgur.com/SfLq4fK.png
analysis for today 10 / 21 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 10 / 20 / 2014
OPEN 107.20
HIGH 107.38
LOW 106.78
CLOSED 106.94

The third resistance (R3) 107.38 - ( 107.03 - 106.78 = 0.25 x 2 = 0.51 )= 107.89
The second Resistance (R2) 107.03 + 107.38 - 106.78 = 107.63
First resistance (R1) 107.03 x 2 = 214.07 - 106.78 = 107.29
pivot points 107.38 + 106.78 + 106.94 = 321.10 / 3 = 107.03
Support for the first (S1) 107.03 x 2 = 214.07 - 107.38 = 106.69
Support second (S2) 107.03 - ( 107.38 - 106.78 = 0.60 ) = 106.43
Third Support (S3) 106.78 - ( 107.38 - 107.03 = 0.35 x 2 = 0.69 )= 106.09

pair- usd/jpy
analysis time frame- m30

http://i57.tinypic.com/205qis9.jpg

the down movement of the price hold fibo support 61.8 level at the 106.20 level. this may be make ABCD chart pattern setup. the rsi is above the 50 level so more up movement can expected. long with the take profit at 108.00 and stop loss at 106.00
good luck

USDJPY trading today downside to moving below the level of 106.65, which provides signals the return of the price of the path bearish correction after that form of SMA 50 barrier strong resistance against attempts to price the positive, and this is what makes us expect to see a price trades negative during the coming period, targets start at 105.55 and extends to 104.50.
We point out that trading above 106.65 would stop the negative scenario proposed and paid the price for attempts to test the pivotal resistance of 108.00.
The trading range for today is between: Support and Resistance 105.55 107.10

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analysis for today 10 / 21 / 2014
USD/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 107.15
Retracement (50%) 107.08
retracement (61,8%) 107.01

Extensions (61.8%) 107.75
Extensions (100.0%) 107.98
Extensions (138.2%) 108.21
Extensions (161.8%) 108.35
calculation based on a Fibonacci retracement then today I choose buy

Usd/jpy analysis :

date : 10.21.14
time : 18:30 GMT
time frame : 15 min

current rate : 106.85
high : 107.02
low : 106.25
net change : -0.08%

overall trend : slightly bullish

USD/JPY’s pullback was held by Mr. Fibonacci and its legendary 50% retracement level, and we could see more gains towards the 23% Fibonacci level at 107.834. A break below the 50% level at 105.41 could open doors for more drops with 104.320 as first alternative target.

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