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Breaking the target level would extend losses pair to reach 115.50 zones, while downside bias will remain in place and the expected price of the breach of 119.70 and stability above it was not able to.
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Expected trading range for today is between: Support and Resistance 117.90 120.00
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The tendency for this year is expected today: Down
Main ye thread USD/JPY ke discussion ke liye bana raha hain. Sabhi members ko ya post karne ke liye swagat karta hoon.
We are bearish on USD / JPY, the ranks for next week should be 118.50 - 120.50.
US retail sales have recovered in the right way in March after months of decline. However, the US bond market and the dollar fell this week. There must be doubts about the US economic recovery. The key concern is the financial performance of major US companies. For the Dollar resumed, US businesses would have to show good results and that the labor market is showing resilience. There is a risk that the dollar down until the next NFP report.
Data from Japan's trade will likely reveal that the deficit is reduced, due to higher exports and lower energy import prices. Japanese investors could on the other hand remain net buyers of foreign assets. The sale of JPY local investors should limit the decline in USD / JPY. Investor expectations for further monetary easing should limit the decline of the pair to 118.50.
the chart is showing that the pair has succeeded in closing it's daily candle above level 118.89 , and that's mean the up trend is still standing and the pair might head to 119.50 and then 120.00 ,
daily overview for Usd-Jpy
r3: 119.93
r2: 119.59
r1: 119.24
s1: 118.55
s2: 118.21
s3: 117.86
the pair broke fibo 50 to up
so our trade for the pair is buy
usdjpy today, price @118.860 and daily open price @118.970 i suggest to sell now if u can take risk or wain and see @ daily open price if u want safely position... and remeber use money management
*im use this technical only for open reacion in dop [daily open price], i dont guaranted its 100% win, i guaranted if u use good money management
Fluctuating dollar versus the yen on both sides of the path and narrow since last Friday, and it appears some downside bias slight ****ually creeping towards our main expected at 117.90, where it is still bearish scenario based support from the pressure offered by SMA 50, and the price moves within the minor descending channel that show the image.
Therefore, we will keep our outlook for the drop in coming sessions as long as the price is below the level of 119.55, with a reminder that the break of 117.90 will pay the price to visit the correction the next level, which resides at 115.50 main station next.
Expected trading range for today is between: Support and Resistance 117.90 119.55
Trading Signal - 20/04/2015 - 10:00 (GMT +3)
Instrument: USDJPY
Time : 60min CHART
Trend & Condition : Downwards Strong
The TP1 has been reached. We closed 50% of our position and have moved the Stop loss at the lock in profits level (119.30).
Provided the market conditions will remain the same the TP2 will be reached soon.
Support & Resistances :
118.60 119.60
117.90 120.10
116.80 120.80
http://dl.dropbox.com/u/51561036/scr...420-211629.png
pair- usd/jpy
time frame-m15
http://i61.tinypic.com/2vmyrmu.jpg
the price is moving up side from the support at 118.55 level and moving up side with breaking the resistance trend line at 118.85 level. its break the higher resistance at 119.25 but correction can expected. hold the long entry with stop loss at 118.80
good luck
Daily Forecast
Major Trend: Bullish
Time Frame: H1
Reason: Market only be a correction at 119.27 on envelopes bottom line. Furthermore, the market will retest the resistance at 119.94
Recommendation: Buy
Spoiler: