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The USDJPY chart shows a down trend signal as the 2 EMA 5 and 6 are moving Below the slow EMA of 35 so I think that I will go for sell positions when the other indicators confirm the bearish direction .
For the parabolic sar indicator there are dots located Above the candle that indicates a downward direction also the MACD indicator that is moving Below the level 0 shows a sell signal the CCI line is at the Lower level that performs a downward signal .
The EMA locations suggest selling until the price shows any opposite bullish signal .
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A bearish trend is currently taking place as you can see in front of us according to the super trend indicator which is currently showing us a red signal on the USDJPY signal on the blue color shown on the nonlong indicator encouraging us to start a buy order at the current moment.
If the as soon as the Nonlog indicator changes to confirm the direction.
then i do recommend considering bearish trend on the pair and to start thinking about sell trades as the ideal orders.
In order to know where to put our stop loss we can think of the resistance located at the price 118.05 and according to the super trend indicator signal if it does turn to green then we should know that a bearish trend is currently over .
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As soon as the candles started showing a red color I noticed that the MA indicator changed to red on our chart USDJPY indicating by that the making of a new bearish trend.
The red dots shown by the BB MACD indicator which is currently located below the level zero showing by that the strength of the bearish trend at this particular moment.
Summing all that up I do think that bearish direction would be having more strength and following the sell trades would be the best in this situation while having the level 117.65 as a target since it's a support where the price got a good chance of reaching only and only if the price remained strong to keep the position it does have below the resistance level 118.25 .
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According to what I am witnessing now on the USDJPY chart the price now is giving us a signal that it might keep heading to a bullish trend based on the up channel drawn in front of us.
The lower edge of the donchain channel which got hit by the price giving us by that north signal.
The green bar shown by the awesome oscillator indicator is located below the level of 0 indicating by that a buy signal at the moment.
A bullish signal shown by the buy cross taking place on the stostatic indicator where the lines are located near the level of 20 The buying data shown in front of us could be the right call targeting by that the high level of the donchain channel but before entering any deal it would be wise to wait for a confirmation of up trend from the Awesome Oscillator increasing by that the chance for the buy trades to win almost near the up line of the channel http://bigimage.cz/photos/20141121141655178172532.gif
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According to my analysis on the USDJPY chart for today I believe the market is going to move in a bullish direction due to the green line above level 0 which is considered a bullish signal made by the histogram indicator.
A bearish direction signal is formed by the Market Emotion indicator as it shows a red line for the last candle.
As for the guru indicator it also does shows a great bearish signal which was deducted as the line is below the level 0 and the last bars were red the level 0 and the last bars were sell type made by the crossing of the two EMAs 9 and 152 then a bearish trend is to be considered on the upcoming candles.
According to that selling level located at 117.19 which is a take profit since it is the first support to be encountered by the price.
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The moment indicator indicates that there is good selling signal on our pair USDJPY and that’s because of the cross taking place where the blue line’s location is below the red line at the moment The oracle strength indicator.
on the other hand is could be considered be giving a upwards direction signal according to the yellow color shown.
If we needed more confirmation on the direction then the Oracle direction indicator would do the trick as you can see the red colors on the arrows could be acting as downward signals.
Now as a conclusion from all the data we acquired up till now I believe that a downward trend would be taking action and that of course if the sell cross was still on the chart sell trades would have the priority as long as the ATR indicator gives selling signals.
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some good selling signals shown today on the hourly chart of the USDJPY as the price have a red arrow as the last signal that viewed by the EMA crossover indicator which uses a 2 exponential moving averages with an unsimilar shifts and you can see the red line crossing below the blue one to act as a sell signal.
it happens also on the QQE indicator that is clear on the chart lines below the fifty levels and showing a sell cross.
We target the area 118.7 by performing sell orders until I can get a new buy cross by the 2 exponential moving averages.
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On the USDJPY chart now you can indicate that the price is currently moving below the MBFX indicator's blue line which is the balanced area with a location at 117.81 Currently by looking on the last signal on vestro indicator it was a bullish saturation signal by going to +100 level of vestro which may be a good notification about going north for the current time if you decided to enter short then you can target the next level of support on MBFX indicator at area of support on MBFX indicator at area of 117.23 as first take profit and 116.87 as your next and final target as long as the price did not hit 118.39 which can be used also as stop loss for your sell trades.
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A bearish trend is taking place because of the down red arrow located above the price on the USDJPY pair right now.
You can confirm it even more using the sell cross between the snake and T2_clean.
In order to be safe a strong support level should be determined to act as a take profit and I believe the level 117.35 would serve that purpose since it’s a strong support level at the current time.
But of course if it got broken it would mean that the price would head further down and so we would keep selling as a result.
But if the price headed to the other direction it would be wise to use 118.95 as a stop loss level for it’s a really strong resistance As a result to what we said earlier I do believe that selling would be the best decision at the moment unless either a buy cross signal appears or a blue up arrow is shown http://bigimage.cz/photos/20141121141655815397287.gif
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21.11.2014 9:09 USDJPY
USDJPY: under pressure after the speech given by Japan's Minister of Finance
Buy on rebound from 117.02 level with 118.00 and 118.99 targets. Stop loss = 116.50.
Reason for the trading strategy
Today, Japan's finance minister expressed concern about the rapid decline of the yen against the US dollar. This led to the recording of a profit in the USDJPY pair. After the pair's likely testing of the of 117.02 support level, opening other long positions should considered.
USDJPY, H4
https://www.exness.com/2014/11/21/usdjpy.png
[img]https://www.exness.com/2014/11/21/usdjpy.png/img]
