Thread: Usd/Jpy
analysis for today 10 / 29 / 2015
USD/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 120.78
Retracement (50%) 120.64
retracement (61,8%) 120.50
Extensions (61.8%) 122.00
Extensions (100.0%) 122.47
Extensions (138.2%) 122.94
Extensions (161.8%) 123.22
calculation based on a Fibonacci retracement then today I choose buy
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The dollar rallied against the yen pair up well yesterday and runs through the level of 120.35 with daily closing above it settle down, which supports the continuation of the bullish tendency in the coming period, and the road is now open to visit our main following at 121.64.
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The pair appears against the yen traded sideways narrow range since yesterday near the level of 120.00, while rid Stochastic of passivity significantly nearing oversold areas, reinforcing expectations of continued upward trend in the short term, and who gets the positive support from the SMA 50.
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USDJPY: growth after publication of data on foreign trade in Japan
USDJPY
Oct. 21, 2015, 09:48
Buy on a level breakthrough of 120.07 with 120.55 target. Stop loss = 119.60.
Reason for the trading strategy
In September, Japan's foreign trade deficit totaled 114.5 billion yen with a surplus of 100 billion yen predicted. Exports from Japan in September amounted to 0.6% (y/y), with a forecast of +3.4% (y/y). The insufficiently weak yen and the decline in business activity in China may promote an expansion of the Bank of Japan's asset purchases program.
USDJPY, H4
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It enables the dollar versus the yen, breaking through the 119.55 level and steady daily closing above it, which enhances our expectations constantly bullishness over intraday and short term, pending the test level of 120.35 initially.
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Unregistered (1)
Enables the dollar versus the yen from reaching the goal of the bullish wave referred her last Friday at 119.55, being attempts to breach this level now, which provides signals on the continuation of the bullish trend in the coming period, to stretch toward the following goals 121.64.
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Unregistered (1)
My dear, for me I absolutelly do believe that USD/JPY is also volitile currencey but not as volitile as GBP/JPY , USD/JPY can also get u fast profits , trade it in morning time as per india and pak so u can get good market movements and faster too. but becareful in trading with any pair in Yen combination.
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Unregistered (1)
USDJPY managed to come into contact with our main expected at 118.25, with a note that the price rebounded up significantly impact the power of the mentioned level, which represents 61.8% Fibonacci level of the upside wave that has been measured from 116.14 to 121.64 correct.
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Unregistered (1)
Rights dollar versus the yen breached the 119.55 yesterday, the price of the sideway range that dominated the recent trade comes out, enabled a negative outlook targeting the 118.25 level visit in the coming period, where the SMA 50 negative pressure in front of intraday trading supports the proposed decrease.
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.
Unregistered (1)
the pair open is asia at y111.81 toward the low side of the y118.65 to y119.80 range witnessed yesterday weaker than expected us data lower ust,s and softer equities keeping the US collar on the defensive. there are no significant data releases in asia likely to influence trading regional equity markets will be garnered for direction on the day.
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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