The price of this pair is continuesly in the down trend direction,its represent that the price of this pair is going to be lower seccion momentum today.
If it will break the last support today at the point of 106.95 and making a pull back then the conditions on there it will be gone these values are happining,if this is breakout the next resistance 107.85 level then it will falling to the 107.45 and more down today for my indicates of this pairs.
The RSI is still on SELL
StDev on SELL direction.
Parabolic Sar is also in the down trend signal.
Agrassive retracement showing that the bollinger bands due to 2 green lines is going on selling.
My advice for traders fallow the main indicators of RSI stdDev channel and fibonacci retracement which can be telling the pairs movements.
Usd/Jpy is No 1 Trading pair so for and big profitable pair i give some analysis so becarefull this is the very risky online trading pair
and i give the signal based on the indicators
Trend of this pair is Bullish TREND see in the Bollinger Bands show UP trend
if we are watching Relative Strength Index (RSI) also Trend is Up and watching
in Moving Average Convergence Divergence (MACD) also trend is UP and Parabolic Stop and Reverse (SAR)
show also UP trend so i suggest this pair show BULLISH TREND
Current Rate is:107.72
and set the take profit at the price: 108.05
you set the stop lose at the price : 107.21
and over all Trend is Up and good Bullish trend i hope hit the target
and you make good money, Resistance and Supporting Level also important
In the 1day chart, we see the stoch(5,3,3) strongly showing downtrend and has not reached the bottom level yet, while the macd also still show downtrend signal and the bbands still has to bounced the lower side to be able to reverse.
Keep trade with discipline and patience.
Remember Always trade in the direction of the current trend, because trend always your friend. Forex Trading Is The Tree Of Money If You want Become A Millionaire So Achieve Good Knowledge About Trading.
Bullish traders further took cues from the ongoing rally in the US Treasury bond yields, which extended some support to the US Dollar and further collaborated to the pair's strong up-move on Wednesday. This coupled with some follow-through technical buying, especially after the overnight bullish breakthrough last week's swing high near the 107.20-25 region, further seemed to have fueled the positive momentum.