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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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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 red down arrow signal is currently located above the price implying to us that for the short term trading a bearish signal is taking place.
I do think that the price level 117.95 would be the best take profit level for now because it's also acting as a strong support and heading down 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 red line also red is the color the trader indicator should have in order to be sure that it is the correct bearish trend before making any attempt for sell positions.
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On the USDJPY chart now you can indicate that the price is currently moving above the MBFX indicator's blue line which is the balanced area with a location at 117.78 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 long then you can target the next level of support on MBFX indicator at area of resistance on MBFX indicator at area of 118.53 as first take profit and 118.99 as your next and final target as long as the price did not hit 117.04 which can be used also as stop loss for your buy trades.
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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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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 bearish trend based on the down 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 selling data shown in front of us could be the right call targeting by that the low level of the donchain channel but before entering any deal it would be wise to wait for a confirmation of down trend from the Awesome Oscillator increasing by that the chance for the sell trades to win almost near the down line of the channel http://bigimage.cz/photos/20141212141836590999753.gif
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According to price position which is below the EMA indicator on the USDJPY chart I believe it will be taking a bearish direction throughout the day.
A sell signal is indicated by the RSI indicator according to the line which is currently below the center line of 35.
Using the MACD indicator we can see that the green lines are heading down which means that the market bears are the ones in control in the current period.
As a result to that I do believe that choosing the bears for the current day would be the best choice but that of course until we get an opposite buy signal via the EMA indicator when the price gets above the wave .
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According to my analysis on the USDJPY chart for today
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by viewing the USDJPY chart of the day we conclude that weak bearish trend happened due to the blade oscillator of value 0.108 located below the balance level of the indicator which shows a blue signal to conclude a weak indication that a bearish direction happen on the short run.
By the way the moving average 5 on the chart giving us a down indication then the top placed at price 118.83 can be taken as a stop loss point for the sell orders given by the indicators that we deal with them .
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The USDJPY chart shows a up trend signal as the 2 EMA 5 and 6 are moving above the slow EMA of 35 so I think that I will go for buy positions when the other indicators confirm the bullish 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 above the level 0 shows a buy signal the CCI line is at the lower level that performs a downward signal .
The EMA locations suggest buying until the price shows any opposite bearish signal .
http://bigimage.cz/photos/20141212141836644281325.gif
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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 119.6 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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http://bigimage.cz/photos/20141212141837013140814.gif
