Usd/Jpy

03, December 2014
USD/JPY (a 4-hour chart)
At the high volume sellers broke through the support level of 118.60 and returned the price back to the upper channel lower bound of 118.10. Near this mark a short-term consolidation was formed.
The price is finding the first support at 118.00, the next one is at 117.00. The price is finding the resistance at 119.20.
Trading recommendations
The buyers need to break above 119.20 for a steady growth.

http://dl.dropbox.com/u/51561036/scr...203-181144.jpg

On the last day we noticed that the trend was taking up direction and that's according to the new daily opening which was compared to yesterday higher than that of the last day.
On the USDJPY chart today we noticed that a green up arrow signal is currently located below the price implying to us that for the short term trading a bullish signal is taking place.
I do think that the price level 119.45 would be the best take profit level for now because it's also acting as a strong resistance and heading up after breaking such level would be really hard.
Finally like any strategy following the rules would be the wisest choice to avoid losses and that can be done if we waited for the check indicator to make a clear blue line also green is the color the trader indicator should have in order to be sure that it is the correct bullish trend before making any attempt for buy positions.
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analysis for today 12 / 3 / 2014
USD/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 119.34
Retracement (50%) 119.30
retracement (61,8%) 119.25

Extensions (61.8%) 119.69
Extensions (100.0%) 119.82
Extensions (138.2%) 119.95
Extensions (161.8%) 120.04
calculation based on a Fibonacci retracement then today I choose buy

forex me me kafi time e work kr rahi hu mujhe ap jase pair ki zarort thi or ab mujhe umeed ha ke me is probalmmse all probak kr lu gi

The price break the resistance level at 119.47 that's why I think that we should look only for long opportunities.
http://i.imgur.com/2VDFiZl.png

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/20141204141767407152630.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 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 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/20141204141767449203502.gif

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 upper edge of the donchain channel which got hit by the price giving us by that south signal.
The red bar shown by the awesome oscillator indicator is located above the level of 0 indicating by that a sell signal at the moment.
A bearish signal shown by the sell cross taking place on the stostatic indicator where the lines are located near the level of 80 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/20141204141767435195527.gif

by viewing the USDJPY chart of the day we conclude that strong bullish trend happened due to the blade oscillator of value 0.12 located above the balance level of the indicator which shows a blue signal to conclude a strong indication that a bullish direction happen on the short run.
By the way the moving average 5 on the chart giving us a UP indication then the bottom placed at price 119.89 can be taken as a stop loss point for the buy orders given by the indicators that we deal with them .
http://bigimage.cz/photos/20141204141767570796889.gif

According to my analysis on the USDJPY chart for today