Usd/Jpy

Main ye thread USD/JPY ke discussion ke liye bana raha hain. Sabhi members ko ya post karne ke liye swagat karta hoon.

breaking of this level pays the price towards 117.90 initially before attempting to restore the upside again.

Expected trading range for today is between: Support and Resistance 119.00 121.50

General tendency for today: UP

15, 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 sell signal. The price is under the Cloud and it is under the Chinkou Span. The Tenkan-sen shows a downward movement and the Kijun-sen shows a horizontal movement. The downward movement will be until the price is under the Cloud.

The MACD indicator is in a negative territory. The price is decreasing.

Trading recommendations

We suppose the pair will go to 119.20 first. Having overcome the first target the price might go downwards to 118.30.

http://dl.dropbox.com/u/51561036/scr...415-181321.png

The dollar against the yen remained constant over the minor descending channel that was previously impenetrable resistance level, which keeps the positive scenario is based on the intraday and short term, pending the level of 121.83 test key as the first stop, which is impenetrable key to continuing the upward trend towards the next target at 124.00.

daily overview for Usd-Jpy
r3: 121.12
r2: 120.65
r1: 120.01
s1: 118.90
s2: 118.43
s3:117.79
the pair broke the triangle to down
so our trade for the pair is sell

pair- usd/jpy
time frame to analysis- m15

http://i57.tinypic.com/20fs20h.jpg

the price major trend in the down side and its up movement is not able to break the resistance at 61.8 level and falling down side. the rsi indicator is also moving below the 50 level. hold the short entry with profit target at 118.83 and stop loss at 119.87
good luck

For US dollar saw yesterday the issuance of core retail sales and the results of which rose by 0.4% on a monthly level less than expected, which was monitored rise by 0.7%, was also amended the previous reading numbers from shrinking by 0.1% to stability by 0.0% monthly level of the past, also recorded retail sales of non-core rose by 0.9% on a monthly basis and less than expected and were monitored to rise by 1.1%, was also modified the previous reading numbers to shrink contraction of 0.6% to 0.5% of the monthly level of the previous one hand other figures have been the main producer price index, which rose as expectations of 0.2% on a monthly basis, while non-essential PPI rose by 0.2% less than expected, which was monitored rising by 0.3%, today at 3:30 pm KSA will be issued Empire State manufacturing index and forecast to rise from 6.9 to 7.2 on a monthly basis, as will be issued at 4:15 pm in the rate of growth in industrial production sector and is forecast to shrink by 0.3% on a monthly basis
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Vinyaaaud dollar yen pair again to build on the rising trend line formed on the frame four hours component of the third pivot and the opening of the area in front of the purchase contracts for the pair despite the stability of the negative lowest averages 120 movement and 30 but the pair kept to himself on some positive, which makes it closest to bounce from these levels stop loss is to break the rising trend and closing below candle 4 hours and targets are 120.35 and 120.75 and the latter goal is touching the channel line

kept the dollar versus the yen on persistence over the minor descending channel that was previously impenetrable resistance level, which keeps the positive scenario is based on the intraday and short term, pending the level of 121.83 test key as the first stop, which is impenetrable key continuing upward trend towards the next target at 124.00.

Stochastic provides positive signal reinforce expectations to rise, which requires continuing stability above 119.25.

Expected trading range for today is between: Support and Resistance 119.00 121.00

Main ye thread USD/JPY ke discussion ke liye bana raha hain. Sabhi members ko ya post karne ke liye swagat karta hoon.

Spoiler:

http://vvcap.net/db/FGG935JEmuDxVH1k2zw9.png

Daily Forecast

Major Trend: Bearish
Time Frame: H1
Reason: Market predicted to retest resistance at 119.58-119.81, due also stochastic pointing up.
Recommendation: Buy with a target of 119.58