Usd/Jpy

[Gamabunta]

Trading dollar versus the yen negatively noticeable since yesterday to begin the pivotal support which resides at 119.55 test, and as we pointed out in the last of our reports, the rate needs to penetrate one of the following direction keys that are mentioned support and resistance 120.70 to determine the next destination, more precisely, which makes us continue in neutral until now.

[Gamabunta]

Conducted dollar versus the yen to try to breach the critical resistance level of 120.75 last Friday, but without being able to stability above it, to come back and fluctuate around the level of 120.40 again, to keep our neutrality intact until now, waiting for skipping a pivotal levels whose resistance 120.75 and support 119.55 to set goals the following are the most accurate.

[Gamabunta]

The pair appears against the yen more than the oscillation between the central levels whose support 119.55 and resistance 120.75, and note that there is a conflict between the positivity on Stochastic and the negative pressure from the SMA 50, and therefore, we are continuing to neutral to the price able to penetrate one mentioned levels to determine Next destination more precisely.

[dafi]

well dear I think there is no double that it will fall more and break all time low which is around. When we see history price keep on falling slowly i think we don't see price in future in 85 level.

[truman]

The yen clearly shows a formed pennant, which is likely to ensure a future growth to 125,00

[Gamabunta]

Still dollar versus the yen stuck between confirm the trend which is supported 119.55 resistance and 120.75 levels, and therefore, does not change our position neutral waiting for a signal accurately following the trend confirmation, which will get them by skipping one of the mentioned levels, with attention to the Stochastic the negative pressure on the price to provide some of the negative trading during the upcoming sessions.

[Ex.ness Support]

The USDJPY pair is approaching the level of 119.71

USDJPY
Sept. 24, 2015, 09:16
Sell on a level breakthrough of 119.71 with 119.05 target. Stop loss = 120.31.

Reason for the trading strategy

In September, the preliminary business activity index in Japan's manufacturing sector fell from 51.7 p. to 50.9 p. These data contributed to curtailing of the carry trade operations. At the moment, the Nikkei 225 is declining by more than 2%, and the yen is strengthening.

USDJPY, H1

[Gamabunta]

We will continue to remain neutral until we have more accurate signal following confirmation of the trend, noting that the conflict between positive and negative stochastic moving average index of 50 is another reason to neutral.

[edmar6969]

2015-09-23 11:09 (GMT+2) USDJPY
USD/JPY: Yen grows
Support and resistance
Support and resistance
Bollinger Bands on the daily chart remains flat, while the price range is narrowing. MACD is sharply turning down and forming a sell signal. Stochastic is also turning down.
The indicators recommend opening short positions.
Support levels: 119.39, 119.05 (18 September low), 118.59 (4 September low), 118.24, 117.00, 116.19 (24 August low).
Resistance levels: 120.00 (local high), 120.69 (21 September highs), 121.32 (10 September high), 121.73 (28 August high), 122.00, 122.60, 123.00.
Trading tips
Open short positions after the breakdown of the level of 119.70 with targets at 119.20, 118.85 and stop-loss at 120.00. Validity � 1-2 days.
Long positions can be opened after the breakout of the level of 120.27 with the target at 120.90 and stop-loss at 119.90. Validity � 2-3 days.
Strategy Intraday
Recommendation 1
Entry Point 119.39
Take Profit 119.20, 118. 85
Stop Loss 120.00
Key Levels 118. 85, 119.20, 119.39, 119.70, 119.90, 120.00, 120.27, 120.90

[Gamabunta]

The pair appears against the yen more fluctuating around SMA 50, while we wait for skipping a pivotal levels whose support 119.55 and resistance 120.85 to determine the following objectives more precisely, where a break of support negative price factor will lead to 118.25 in the main, while the penetration resistance is a positive key important to restore the main bullish trend, and that the main targets start at 125.85 then 127.00.