I don't think that we should look in any short position in the current time. The only reason that may make the price fall is the reistance level at 124.33.
http://i.imgur.com/jaNaPfc.png
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I don't think that we should look in any short position in the current time. The only reason that may make the price fall is the reistance level at 124.33.
http://i.imgur.com/jaNaPfc.png
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 115.8567 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 119.3767 .
In other scenario if the price can break the support 115.8567 and get a bearish signals by a red dots then it’s expected to keep going south till the support of 113.8933 as the next weekly Pivot point.
http://bigimage.cz/photos/20141130141737556151555.gif .
In the long USD/JPY, the solid incautious look of the rally from 75.56 proposes that USD/JPY is currently in a long haul up pattern. In view of current energy, such rally ought to at any rate take out 61.8% retracement of 147.68 to 75.56 at 120.13 and have a test on 124.13 resistance.
pair- usd/jpy
analysis time frame- m15
http://i60.tinypic.com/hrhv1l.jpg
the price is having resistance at 119.00 level moving down side with a strong bearish candle. this is break the pivot point at 118.35 level and hold at support 118.15. the rsi indicator is moving up side. hold the long entry with stop loss at 117.83 and profit target 119.73
good luck.
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 red bar shown by the awesome oscillator indicator is located below the level of 0 indicating by that a sell 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/20141201141744018180945.gif
According to my analysis on the USDJPY chart for today
USD/JPY edged higher to 119.13 yet rapidly lost energy. General viewpoint is unaltered. Further climb may be seen. However once more, the pair is near 120 key bunch level around 120. That incorporates 161.8% projection of 101.08 to 110.08 from 105.19 at 119.75 and long haul fibonacci level at 120.13. Additionally, bearish disparity condition is seen in 4 hours MACD. Danger of close term garnish is somewhat high. Underneath 117.23 will affirm transient fixing and bring force over to 113.85 support.
:yahoo:
analysis for today 12 / 2 / 2014
USD/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 118.70
Retracement (50%) 118.61
retracement (61,8%) 118.51
Extensions (61.8%) 119.47
Extensions (100.0%) 119.76
Extensions (138.2%) 120.05
Extensions (161.8%) 120.24
calculation based on a Fibonacci retracement then today I choose buy
According to price position which is above the EMA indicator on the USDJPY chart I believe it will be taking a bullish direction throughout the day.
A buy signal is indicated by the RSI indicator according to the line which is currently above the center line of 35.
Using the MACD indicator we can see that the green lines are heading up which means that the market bulls are the ones in control in the current period.
As a result to that I do believe that choosing the bulls for the current day would be the best choice but that of course until we get an opposite sell signal via the EMA indicator when the price gets below the wave .
http://bigimage.cz/photos/20141202141751934178923.gif
The moment indicator indicates that there is good buying signal on our pair USDJPY and that’s because of the cross taking place where the blue line’s location is above 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 blue color shown.
If we needed more confirmation on the direction then the Oracle direction indicator would do the trick as you can see the blue colors on the arrows could be acting as upward signals.
Now as a conclusion from all the data we acquired up till now I believe that a upward trend would be taking action and that of course if the buy cross was still on the chart buy trades would have the priority as long as the ATR indicator gives buying signals.
http://bigimage.cz/photos/20141202141752041111943.gif