Daily Forecast
Major Trend: Bullish
Time Frame: H4
Reason: Possible market will still be heading to the daily pivot point at 120.03, because they have to touch the bottom envelopes.
Recommendation: Buy limit in 120.03
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Daily Forecast
Major Trend: Bullish
Time Frame: H4
Reason: Possible market will still be heading to the daily pivot point at 120.03, because they have to touch the bottom envelopes.
Recommendation: Buy limit in 120.03
pair- usd/jpy
time frame to analysis- m15
http://i57.tinypic.com/2khbus.jpg
the price up movement has been break the resistance at 120 level and moving to the resistance at 120.43 level. the rsi is moving below the 50 level. the down movement may expected to the 119.74 short with stop loss at 120.65
good luck
daily overview for Usd-Jpy
r3: 121.14
r2: 120.75
r1: 120.43
s1: 119.72
s2: 119.35
s3:119.01
the pair broke fibo 50 to up
so our trade for the pair is buy
For the JPY markets saw yesterday from Japan's current account, which recorded a decline in the surplus of 1.06 trillion to 0.6 trillion yen on a monthly basis as issued monetary policy minutes of the Japanese central bank, which was unchanged Atsoat most of the members to keep the current policy and issuance not to raise the value of the quantitative easing program
Technical trading yen pair below the resistance weekly existing levels at 120.36 worth mentioning that this is the second resistance at those levels for the pair after he broke the trend to the top, but so that we can talk about the rise of the pair must penetrate previous resistance, either on the alternative scenario is go short with a broken support 119.60
09, April 2015
USD/JPY (a 4-hour chart)
The price is finding the first support at 119.20, the next one is at 118.30. The price is finding the first resistance at 120.40, the next one is at 121.60. There is a confirmed and a strong buy signal.
The price is above the Cloud and it is above the Chinkou Span. The Tenkan-sen shows an upward movement and the Kijun-sen shows a horizontal movement and form a “Golden Cross”. The upward movement will be until the price is above the Cloud.
Trading recommendations
The pair can grow to the resistance level of 120.40. After breaking 120.40 the buyers may go to 121.60 and 122.40.
http://dl.dropbox.com/u/51561036/scr...409-233037.png
Returned the dollar versus the yen test the minor descending channel previously breached resistance and bounced up from there, reinforcing expectations upside in the coming period, and that gets good support from the SMA 50, waiting to target levels, starting at 121.83 mainly.
Stochastic is moving up to support the proposed height, which requires continuing stability above 119.65.
Expected trading range for today is between: Support and Resistance 119.65 121.50
Stochastic is moving up to support the proposed height, which requires continued stability above 119.65.
Expected trading range for today is between: Support and Resistance 119.65 121.50
daily overview for Usd-Jpy
r3: 121.93
r2: 121.26
r1: 120.91
s1: 120.03
s2: 119.50
s3: 119.15
the pair broke fibo 23 to down
so our trade for the pair is sell
The emerging wave is still expected to intraday and short term, and penetrate the target level will provide the pair gains to reach 124.00, while the price needs to remain above 119.55 to achieve the expected goals.
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Expected trading range for today is between: Support and Resistance 119.55 121.50
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General tendency for today: UP
USDJPY
April 10, 2015, 09:55
Buy on a level breakthrough of 120.65 with 121.20 target. Stop loss = 120.15.
Reason for the trading strategy
After the publication of the weekly report on the US labor market, the US dollar continued to strengthen in the international currency market. Over the last week, the number of initial unemployment benefits claims in the US fell to multi-year lows, amounting to 281 thousand, and turning out better than the expected 283 thousand. The statistics indicates a likely decline in the US unemployment rate in April.
USDJPY, H4
https://www.exness.com/media/media/2015/04/10/3.png
Spoiler: