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To day support and resistance date.10/2/2015
Resistance 1:119.00
Resistance 2:119.40
Resistance 3:119.83
Power pivot:118.64
Support 1:118.35
Support 2:118.00
Support 3:117.66
Sell order:Bhai mary plan ya hai jub market support 1ko touch kry to sell k order lga den or se k tp support 2 ok kr den or stop loss resistance1 ok kr den
Buy order:jub market resistance1 ko touch kry to buy k order lga den or se k tp resistance2 ok kr den or se k stop loss support1 kr den.
Plan 2:sell order: jub market resistance3 ko touch kry sell order ok kr den or stop loss 20 pip kr den.
Buy order:jub market support3 ko touch kry to buy k order ok kr den.
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usd/jpy downtrend start by trying to test support at 118.00 area. Break down this area could bring down even further jpy/USD to next support line at 117.70. While the resistance area at 119.30.
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USD/JPY Daily Outlook
Daily Pivots: (S1) 118.27; (P) 118.68; (R1) 119.03
4H
Intraday bias in USD/JPY remains mildly on the upside for the moment. Rebound from 115.84 should extend to 120.82 resistance. Overall, consolidation pattern from 121.84 is likely a triangle pattern. Strong resistance from 120.82 will bring another fall to extend the pattern. But break of 121.82 resistance will confirm larger up trend resumption. Meanwhile, any downside attempt should be contained by 38.2% retracement of 105.19 to 121.84 at 115.47.
---------- Post added at 05:32 AM ---------- Previous post was at 05:25 AM ----------
D1
In the bigger picture, whole medium term up trend from 75.56 is still in progress and should target a test on 124.13 resistance next. Break there would pave the way to 135.20/147.68 key resistance zone. On the downside, break of 110.08 resistance support is needed to confirm medium term topping, or outlook will stay bullish even in case of deep pull back.
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mujhe bhi usd ke sath trading krna achha lgta hai or hmesha isme kuchh na kuchh halchl hoti rhti hai to kbhi profit ho jata hai or kabhi loss bt agar mai full time du to bhut hi km time me mai usd ke sath achha profit bna skta hu.
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USD JPY gets the positive momentum
The USDJPY pair shows more tight trading which allowed stochastic to gain positive momentum on the four hours time frame, which supports the continuation of the overall positive overview, which mainly depends on holding above 117.90 and 117.20 levels, and it gets good support from the EMA50.
Breaching 119.15 will offer a strong positive motive that supports extend targets to reach 121.80 areas.
Expected trading range for today is between 117.90 support and 120.00 resistance.
Expected trend for today: Bullish
---------- Post added at 02:39 PM ---------- Previous post was at 07:33 AM ----------
USD/JPY Mid-Day Outlook
Daily Pivots: (S1) 118.27; (P) 118.68; (R1) 119.03
4H
USD/JPY's rise from 116.86 is likely resuming after brief consolidation. Intraday bias remains on the upside and rise from 115.84 should target 120.82 resistance. Considering that the consolidation pattern from 121.84 might extend, we'd be cautious on strong resistance between 120.82 and 121.84 to limit upside and bring reversal. But break of 121.82 resistance will confirm larger up trend resumption. Meanwhile, below 118.32 would turn bias back to the upside for 116.86 support. In any case, downside attempts should be contained by 38.2% retracement of 105.19 to 121.84 at 115.47.
---------- Post added at 03:41 PM ---------- Previous post was at 02:39 PM ----------
D1
In the bigger picture, whole medium term up trend from 75.56 is still in progress and should target a test on 124.13 resistance next. Break there would pave the way to 135.20/147.68 key resistance zone. On the downside, break of 110.08 resistance support is needed to confirm medium term topping, or outlook will stay bullish even in case of deep pull back.
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I think that after breaking the resistance level at 119.22, we can get in long position with take profit at 120.70.
http://i.imgur.com/87LHFND.png
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pair- usd/jpy
time frame to analysis- m15
http://i58.tinypic.com/jhsjuq.jpg
the price has been break the resistance at 119.20 level and moving up but the rsi indicator is moving out from the overbought level 70. if this is move below the 119.00 then short with profit target at 118.60 and stop loss at the 119.94
good luck
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- USD/JPY traded sharply higher on Friday to its highest level in three weeks
- Our near-term trend bias is positive while above 118.50
- The 1x1 Gann angle line from last year’s high around 119.20 is a key upside pivot
- A minor turn window is seen today
- A close under 118.50 would turn us negative on the exchange rate
USD/JPY Strategy: Like holding long positions while above 118.50
Instrument Support 2 Support 1 Spot Resistance 1 Resistance 2
USD/JPY 117.95 *118.50 119.00 *119.20 119.45
---------- Post added at 07:27 PM ---------- Previous post was at 07:21 PM ----------
USD/JPY Technical Strategy: Flat
Support: 118.07, 116.95, 116.10
Resistance: 119.00, 120.82, 121.84
The US Dollar pulled back against the Japanese Yen after issuing the biggest daily advance in eight weeks. Near-term resistance is at 119.00, a Triangle chart pattern top, with a break above that on a daily closing basis exposing the December 23 high at 120.82. Alternatively, a reversal below channel top resistance-turned-support at 118.07 opens the door for a test of the pattern’s floor at 116.95.
Positioning is inconclusive at this point, with prices offering no clear-cut and actionable signal to initiate a long or short trade. We will continue to remain on the sidelines for the time being, waiting for a compelling opportunity to present itself.
---------- Post added at 07:44 PM ---------- Previous post was at 07:27 PM ----------
The pair dropped and is trading around 118.55, but we will keep our positive expectations as the pair is still trading above 117.90. Trading again above 118.70 and stabilizing above it confirms the positive expectations and favors extending the upside move in the coming period targeting 119.45 and 119.75 and 120.45, while breaking 117.90 threatens to fail the suggested expectations.
---------- Post added at 07:47 PM ---------- Previous post was at 07:44 PM ----------
Support 118.45 119.05 119.45 120.00 120.45
Resistance 117.90 117.70 117.056 116.90 116.10
Recommendation
Positive expectations above 118.70, risk-limit below 118.20.
---------- Post added at 08:13 PM ---------- Previous post was at 07:47 PM ----------
Even if the USDJPY pulled back itself from the 117 – 116.90 support-zone, two month old descending trend-line, near psychological resistance 119, plays an important role in determining near-term moves of the pair. Should it successfully break the same trend-line and closes above 119.30, it can immediately extend its up-move towards 120.80 before testing the 2014 highs near 121.80. Moreover, a break of 121.80 could further fuel the pair's rally towards 61.8% FE of its October – December 2014 up-move, near 123.20. On the downside, 50-day SMA, near 118.70 at present and the 118 support level, are likely immediate rests for the pair before it tests the 117 – 116.90 support zone. Given the pair's ability to break 116.90 on closing basis, it can test 116.10 and the 50% Fibo. near 115.50, before plunging to the psychological support level of 114, also encompassing 61.8% Fibo. level.
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To day support and resistance date.11/2/2015
Resistance 1:119.80
Resistance 2:120.20
Resistance 3:120.65
Power pivot:119.50
Support 1:119.15
Support 2:118.90
Support 3:118.55
Sell order:Bhai mary plan ya hai jub market support 1ko touch kry to sell k order lga den or se k tp support 2 ok kr den or stop loss resistance1 ok kr den
Buy order:jub market resistance1 ko touch kry to buy k order lga den or se k tp resistance2 ok kr den or se k stop loss support1 kr den.
Plan 2:sell order: jub market resistance3 ko touch kry sell order ok kr den or stop loss 20 pip kr den.
Buy order:jub market support3 ko touch kry to buy k order ok kr den.
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usd/jpy downtrend start by trying to test support at 119.20 area. Break down this area could bring down even further usd/jpy to next support line at 118.70. While the resistance area at 120.00.
