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pair- usd/jpy
time frame analysis- m15
http://i57.tinypic.com/29y4h9l.jpg
the up movement of the price is rejecting down from the daily pivot point at 120.02 level and falling down with break then support at 119.75 level. the price is hold at the 119.65 level. its continue down hold the short entry with stop loss at 119.90
good luck
daily overview for Usd-Jpy
r3: 121.07
r2: 120.78
r1: 120.31
s1: 119.73
s2: 119.26
s3: 118.79
the pair broke the triangle to up
so our trade for the pair is buy
06, May 2015
USD/JPY (a 4-hour chart)
Until recently, the level of 119.20 was a strong resistance. Now it is no less the strong support. It should be noted that the mark of 120.40 was tested at the very low volumes. The pair rebounded downwards after this testing.
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.
Trading recommendations
The bulls’ target is the level 120.40.
http://dl.dropbox.com/u/51561036/scr...506-212001.png
USD dollar touched its highest level in 3 weeks at 120.51 zone yesterday, but he failed to maintain the gains is not good in terms of the positive outlook for the dollar USD. That means, as long as it is maintained major support at 119.20 area, can not be ruled out other emerging movement to occur towards 120.85 area so far. "
Up: the price remains above the upper side of the channel levels, and above resistance levels at 119.70 and trading prices above them
It is an opportunity to buy the objectives of up to 120.00 - 120.25
Down: break the resistance price levels, and the levels of the upper leg of the channel at 119.65 and closing prices down them
It is the opportunity to sell the goals of up to 119.35 - 119.05
Trading Signal - 07/05/2015 - 10:00 (GMT +3)
Instrument: USDJPY
Time : 60min CHART
Trend & Condition : Downwards Strong
Waiting for a retracement higher towards the 119.70 resistance level, or alternatively the break of the 119.10 support level, in order to reinstate SHORT positions.
Support & Resistances :
119.10 119.70
118.90 120.00
118.40 120.50
http://dl.dropbox.com/u/51561036/scr...507-230033.png
USD / JPY is likely to remain in a ranks a little longtemps.The opportunities shorting the JPY might be more attractive in the face of currencies that actually have higher rates such as AUD.
JPY The pair passively quiet trading yesterday to move between the parties to the triangle that limits the recent dealings, and whose support 119.00 and resistance 119.95, and as long as the price is between these two levels, we continue to remain neutral until we have a clear breach of this triangle.
We recall that break the above-mentioned support will pay the price to test the level of 117.90 initially, while the penetration resistance will lead the pair to visit the pre-recorded summit at 121.83, which represents a penetration rookie restore the main direction of the new key.
Expected trading range for today is among the 118.50 support and 120.50 resistance range
pair- usd/jpy
time frame analysis- m15
http://i58.tinypic.com/v45jcz.jpg
the price is moving above the daily pivot point at 119.54 level but may not able to break the daily resistance at 120.04 level and will again down side. if this is move below the 119.90 then short with take profit at 119.60 and stop loss at 120.15
good luck
USDJPY break the 117.75 support will push the price to test the 23.6% Fibonacci at 117.90 from a new correction, while penetrating 120.okh resistance will provide a positive incentive for the initial price paid for the resumption of the upside again, and targets start at 121.83.
08, May 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 a downward movement and the Kijun-sen shows a horizontal movement. The upward movement will be until the price is above the Cloud.
Trading recommendations
After the support level of 119.20 breakthrough down the way to the support 118.30 will be opened.
http://dl.dropbox.com/u/51561036/scr...508-230613.png