Usd/Jpy

[Gamabunta]

Dollar falls against the yen pair ****ually up to the pivotal support of 120.40, and as long as the price is above this level, the tendency will remain bullish based on the intraday and short term, pending the visit level of 122.75 initially.

In general, the price is still a regular within the main ascending channel that appear in the image, which extends its objectives to reach 125.85 then 127.00, with attention to break the 120.40 that will stop the positive scenario and push the pair to test areas around 117.75 initially.

[asifzahid]

hi guys i am back after few days because i was busy now i am free and giving you and share you my experience in next few hrs usd/jpy increase so i suggest all of you to buy usd/jpy at the rate of 119.80 and take profit at 120.50 and stop lose at 118.50,

[Gamabunta]

Begins dollar versus the yen trading today Askew bearish slightly shy of the pivotal support which resides at 120.40, which represents a base above it is an important factor for the continuation of the proposed upward trend in the last of our reports, which mainly depends on the regularity of trading within the main ascending channel shown above.

[Gamabunta]

The pair resumed its recovery after a break of 120.60 resistance that turned into support and paving the way for the next resistance at 121.90

Risk versus reward ratio is appropriate, as the landing below 120.60 will lead to the downward trend.

[nhawan429]

(Timezone: GMT 0.0, DST off)

Economic Calendar

Sunday Aug 30, 23:50----- Japan ------Industrial Production (MoM) ------Low --- Previous --1.1%-----Consensus --;;0.1%

Sunday Aug 30, 23:50---- Japan Industrial Production (YoY) --------Medium ----- Previous --2.3%

---------- Post added at 09:58 AM ---------- Previous post was at 09:34 AM ----------

Economic Calendar


Monday Aug 31, 05:00
Japan --------Annualized Housing Starts
Low --------1.033

Monday Aug 31, 05:00
Japan---------;; Housing Starts (YoY)
Low -------16.3% 11.0%

Monday Aug 31, 05:00
Japan -----;;;Construction Orders (YoY)
Low -----;15.4%[COLOR="Silver"]

---------- Post added at 10:00 AM ---------- Previous post was at 09:58 AM ----------

---------- Post added at 10:25 AM ---------- Previous post was at 10:00 AM ----------

Economic calender USA

Monday Aug 31, 13:45 ------United States --;-Chicago Purchasing Managers' Index
Medium ----prv----54.7 ----expt---54.5

Monday Aug 31, 15:30 ----United States -----3-Month Bill Auction
Low ---prvs----0.05%

Monday Aug 31, 15:30---- United States---- 6-Month Bill Auction
Low ----prvs----0.2%

[KASHIF]

dear friends Well in fact I personally believe this should be the case , Hopefully as I'm very confused for the past two days, Market is going crazy, Not predictable, not reasonable, especially with all these news....... thanks

[Gamabunta]

Up: the price remains above the lower side of the channel levels, and penetration resistance line at 121.25 and closing prices above them It is an opportunity to buy the objectives of up to 121.50 - 121.75.

Down: the price remains below the resistance line levels, broken rib bottom channel levels at 121.05 and closing prices under them It is the opportunity to sell the goals of up to 120.80 - 120.50.

[samadshahid]

I think that will give a boost to the dollar as there will be less uncertainty and less risk aversion, therefore this will be bullish for USD/ JPY. Could be a nice pop, where it is right now.

[fx00786]

121.70 +0.68 +0.56%
Prev. Close: 121.03 Bid/Ask: 121.69 / 121.71 Day's Range: 120.66 - 121.75
Date Price Open High Low Change %
Aug 28, 2015 121.72 121.00 121.73 120.63 0.57%
Aug 27, 2015 121.03 119.90 121.39 119.77 0.93%
Aug 26, 2015 119.92 118.84 120.03 118.43 0.87%
Aug 25, 2015 118.88 118.39 120.41 118.23 0.39%

[Gamabunta]

Stability above 120.40 is the first condition for the protection of the proposed positive scenario, where breaching it will pay the price to test the most important support at 117.75 directly.