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The US dollar continued to move upward against the Japanese Yen, where prices poised to move above the level of 124.00. Stabilize near-term resistance at 124.49, which is 100%, as the breach that level on the basis of the daily closing reveals the way for the 123.6% level at 125.95 .bdla of it, move without the 76.4% Fibonacci extension at 123.04 paving the way for expansion of 61.8% Test at 122.13.
hi guys after succession of last signal that i share here now i am again giving you new signal of usd/jpy, now again its time for buy usd/jpy, so buy usd/jpy at the rate of 123.65 after buy it please mark stop lose at 123.20 and take profit at 124.00, if you earn good profit follow these signal
USD/JPY. The bias is bullish in nearest term especially if price able to make a clear break above 124.70 area to trigger further bullish momentum aiming 125.50 area. On the downside, immediate support is seen around 123.70 area, another consistent break below that area would bring the price to neutral zone as direction would become unclear in nearest term perhaps retesting 123.00 area before recovery to the upside.
The pair shows the sideways trading against the yen around the 124.00 level, and negatively affected by price Stochastic which clearly appear on the daily time frame, making the need for a positive determination shown enough to pay the total price for the resumption of the bullish trend, which is organized within the ascending channel.
Down: the price remains below the bottom of the rib channel levels, and resistance at 123.95 down prices and trading under them, It is the opportunity to sell the goals of up to 123.65 - 123.35.
USDJPY pair price had a bullish trend yesterday and touched a high of 124.43 but since then it has come down to trade just at its 20day moving average of 123.90 in the Asian trading session. The near term bias remains Neutral to Bullish with targets of 124.50
In general, the main trend remains bullish in the short and medium term, supported by moving average 50, and the next major recall our goal, which resides at 125.75, and the requirement for stability above 122.00 for the continuation of the bullish tendency in the coming period.
pair- usd/jpy
time frame analysis- m15
http://i60.tinypic.com/10mjuo0.jpg
the down movement of the price is not able to break the support at 123.65 level and making up movement. the stoch indicator is also at the overbought level 80. so price may again down side. short with profit target at 123.00 and stop loss at 124.40
good luck.
The US dollar is facing rising pressure for the fifth consecutive day against the Japanese yen, and tested levels not seen since 2002. The closure Aleomevouk Fibonacci 100% extension at 124.49 paving the way for the level of 123.6% at 125.95 .bdla of it, move below the level of 76.4% at 123.04 paving the way for expansion of 61.8% at 122.13.
USD/JPY. The bias is bullish in nearest term especially if price able to make a clear break above 124.50 area to trigger further bullish momentum aiming 125.00 area. On the downside, immediate support is seen around 123.70 area, another consistent break below that area would bring the price to neutral zone as direction would become unclear in nearest term perhaps retesting 123.00 area before recovery to the upside.