Thread: Usd/Jpy
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In the picture is already apparent that there is the intersection of the four moving averages 5, 8 to 20, 30. This suggests there will be a strong signal to rise significantly in today. therefore I suggest to you to be more aggressive in this forex trading. By using good money management then you can put TP on level R2: 114.87, or may be more than that and install the SL at S1: 112.50.
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on the chart the beginning price of USDJPY was today set almost below the middle pivot price which is at 113.35 which used to clarify the existance of a downward direction currently today. In agreement with the cross movements the fast MA20 settles below the slow 48MA to perform a state of bearish signal for a long stand. As the price settles above the levels of the trend magic indicator it could be said that we have a better favor for the upward trend for the moment. finally all of the aboce leads us to think about being at downward movement and it shouldn't break the resistance level at the price 113.95 and the profit claiming levels could be positioned close to the area of 112.55 for intial and then can seek 111.75 as good profit claiming levels for the sell orders you may still keeping
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Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
USDJPY: consolidation below the level of 114
USDJPY
March 14, 2016, 11:21
Buy on a level breakthrough of 114.00 with 114.55 target. Stop loss = 113.50.
Reason for the trading strategy
The Bank of Japan meeting will be held tomorrow. The regulator is likely to keep the parameters of the monetary policy unchanged, but may hint at the possibility of its softening in the future. Currently, the Bank of Japan is extremely concerned about the country's inflation rate being virtually zero.
USDJPY, H4
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Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Time Frame -1H
i think that the pair is still in a bearish trend even with the current movement which shows some positive trend .the target is at 112.45 and this will happen only if the pair does not breach 113.95 level. if it does than i think that 116.00 will be the next target .
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Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
pair- usd/jpy
time frame-h4
technical analysis-
the price movement in the sideway in the range of support 112.00 and resistance at 114.40 level. the price is not able to moved at resistance level and will again down. the major trend of the price is down side so hold short entry with stop loss above 114.50
good luck
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Time frame -1H
yesterday the pair showed some bearish movement befor the close plus today the pair stay under the resistance which is 113.95 .if the price stay under this level than the bearish movement is still on .waiting to target 112.00 level .
Breashing the resistance level and closing above it will reverse te movement to target 114.50 first than testing 116.00 .
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Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
US dollar is weaker against most of the currencies in this weak however this pair is in downtrend since last three weeks so it is guessed it will go down deeper.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
It appears that we are confronting a upward swing according to the value route that could be viewed from the place of the USDJPY and inside it you can see the price closer to the down brink of the channel it can be considered as a suitable buy position with the first sign of reflection hoping that the price will resume to test the opposite edge of the range at 114.55 Close to that The StepMA pointer continue showing a point on a small time that held up the thoughts of long entry for the whole day. Also The set of stochastics seems to mark an overbought as most by far of lines arrived near the high level of 80 which can be a sign of a shortcoming of the upward heading or a begin of new downward direction to be occurs for the current day.
[img=http://imagizer.imageshack.com/img923/8133/q7w8Zv.gif]
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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