Printable View
analysis for today 2 / 12 / 2015
USDJPY
Resistance : R1 120.79 R2 121.04 R3 121.24 R4 121.54
Support : S1 119.72 S2 119.47 S3 119.27 S4 118.97
Open : 120.46
High : 120.47
Low : 120.04
Range : .43 Pips
Running Price : 120.04
Strategy : SELL at the level 120.04 stop loss at the level 120.79 target take profit at the level 119.27 or at the level 118.97
Forex Trading Today
Pair = USDJPY
Date = Thursday, 02.12.2015
Fibonacci Pivot point Result
Resistance 3 = 121.08
Resistance 2 = 120.67
Resistance 1 = 120.41
Pivot point = 120.00
Support 1 = 119.59
Support 2 = 119.33
Support 3 = 118.92
USD JPY surpasses the psychological barrier
The USDJPY pair succeeded to rally to the upside strongly, to breach the psychological barrier at 120.00 and settles with a daily close above it, to build good support base that reinforces the chances of the main bullish bias continuation, where we wait for visiting 121.83 level as a next main station.
The EMA50 keeps supporting the price from below, pointing that holding above 119.05 represents the first protection factor for the continuation of the bullish trend expectations.
Expected trading range for today is between 119.05 support and 121.80 resistance.
Expected trend for today: Bullish
USDJPY Analysis & Signals
Order BUYABOVE
BUY LIMIT
Buy at 118.40
Take Profit at 119.20
Stop Loss at 118.00
USD/JPY Daily Outlook
Daily Pivots: (S1) 119.65; (P) 120.06; (R1) 120.84
4H
Intraday bias in USD/JPY remains on the upside for 120.82 resistance and above. 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 119.21 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 06:39 PM ---------- Previous post was at 06:17 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.
---------- Post added at 07:20 PM ---------- Previous post was at 06:39 PM ----------
The pair moved to the upside and is trading around 120.30. USD/JPY is currently targeting 120.45 and stabilizing above it extends the upside move in the coming period to target 121.10 and 121.85. Trading above 119.70 is positive and support the upside move, while breaking 119.40 threatens to fail the suggested expectations.
---------- Post added at 07:32 PM ---------- Previous post was at 07:20 PM ----------
Support 120.00 120.45 120.75 121.10 121.85
Resistance 119.45 119.05 118.45 117.90 117.70
Recommendation
Positive expectations above 119.45, risk-limit below 118.20.
---------- Post added at 08:04 PM ---------- Previous post was at 07:32 PM ----------
USD/JPY Mid-Day Outlook
Daily Pivots: (S1) 119.65; (P) 120.06; (R1) 120.84
4H
USD/JPY faced some resistance ahead of 120.82 resistance and retreated sharply. The rebound from 115.84 could be completed and intraday bias is mildly on the downside for 116.86. Overall, the pair is still bounded in consolidation from 121.84. On the upside, break of 121.82 is needed to confirm larger up trend resumption. On the downside, any decline attempt should be contained by 38.2% retracement of 105.19 to 121.84 at 115.47.
---------- Post added at 08:20 PM ---------- Previous post was at 08:04 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.
To day support and resistance date.13/2/2015
Resistance 1:120.22
Resistance 2:120.50
Resistance 3:120.82
Power pivot:119.90
Support 1:119.65
Support 2:119.30
Support 3:119.00
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.
-“USDJPY held up into the New Year but dipped below channel support last week. A sideways pattern could take hold. 116.40-117.20 is a zone to watch for support.”
-“The rate slid below the mentioned 116.40 but did hold the December low. Favor the range with resistance starting near 118.80.”
-Range conditions remain with 119.80-120.70 as resistance and 116.40-117.10 as support.
I think that this is a good opportunity to get in long position from the support level at 118.40 with take profit at 120.48.
http://i.imgur.com/U7JUZ6l.png
analysis for today 2 / 13 / 2015
USDJPY
Resistance : R1 119.16 R2 119.41 R3 119.61 R4 119.91
Support : S1 118.40 S2 118.15 S3 117.95 S4 117.65
Open : 119.12
High : 119.15
Low : 118.41
Range : .74 Pips
Running Price : 118.92
Strategy : SELL at the level 118.92 stop loss at the level 119.16 target take profit at the level 117.95 or at the level 117.65
USD/JPY Daily Outlook
Daily Pivots: (S1) 118.21; (P) 119.33; (R1) 120.17
4H
As noted before, the rebound from 115.84 could have completed at 120.46 already. Intraday bias is mildly on the downside for 116.86. Overall, the pair is still bounded in consolidation from 121.84. On the upside, break of 121.82 is needed to confirm larger up trend resumption. On the downside, any decline attempt should be contained by 38.2% retracement of 105.19 to 121.84 at 115.47.
---------- Post added at 01:05 PM ---------- Previous post was at 12:50 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.
---------- Post added at 02:20 PM ---------- Previous post was at 01:05 PM ----------
The pair dropped and broke 118.70, so we keep cancel the positive expectations, whereas trading below the referred to level is negative and favors extending the downside move to target 117.90 and 117.00, while breaching 119.45 threatens to fail the suggested expectations.
---------- Post added at 02:31 PM ---------- Previous post was at 02:20 PM ----------
Support 118.45 117.90 117.70 117.00 116.10
Resistance 119.05 119.45 120.00 120.45 121.10
Recommendation
Negative expectations below 118.70, risk-limit above 119.45.
---------- Post added at 02:41 PM ---------- Previous post was at 02:31 PM ----------
USD JPY under the negative pressure again – Analysis - 13/02/2015
The USDJPY pair declined strongly yesterday to trade below the bearish correctional trend resistance, and by taking a deeper look at the chart, we find that the price is drawing a head and shoulders’ pattern shown on the minor image, thus, breaking 118.45 level will activate this pattern and confirm the continuation of the bearish bias towards 116.30 areas.
Therefore, we believe that the bearish trend will be suggested for today unless the price managed to breach 119.15 level and hold above it.
Expected trading range for today is between 117.00 support and 119.15 resistance.
Expected trend for today: Bearish
---------- Post added at 03:57 PM ---------- Previous post was at 02:41 PM ----------
USD/JPY Technical Analysis: Invalidating Triangle Breakout?
Talking Points:
USD/JPY Technical Strategy: Flat
Support: 118.81, 118.01, 116.76
Resistance: 120.82, 121.91, 123.88
The US Dollar recoiled downward against the Japanese Yen after seemingly securing an upside breakout earlier in the week. A daily close below Triangle top resistance-turned-support at 118.81 exposes the top of a recently broken channel at 118.01. Alternatively, a push above the December 23 high at 120.82 opens the door for a test of the 121.84-91 zone (December 8 high, 38.2% Fibonacci expansion).
An actionable trade setup is absent at this point, arguing against committing to a directional bias on long or short side. We will continue to stand aside for now, waiting for a clear-cut trading opportunity to present itself in the days ahead.
---------- Post added at 06:58 PM ---------- Previous post was at 03:57 PM ----------
For a long time USD wasn't able to grow to Yen, all the attempts were blocked. Even now while visible growth, the Bears took the initiative and ready to reverse the trend. Push will be enough to go down.
MACD shows a strong divergence.
The oscillator Force Index in the neutral position.
If the level of support is broken, you should follow recommendations below:
Timeframe: D1
Recommendation: Short Position
Entry Level: Short Position 118,32
Take Profit Level: 115,53