Usd/Jpy

[John202]

USDJPY remained confined in the ranks 119.11-119.40. USDJPY's Traders will focus on 118.40, trigger threshold of a continuation of the decline towards 116.60. The greenback weakened slightly against emerging Asian currencies. The Asian market has broad downward trend after a choppy session in the wake of Wall Street.

[ducd3vaizo]

Daily Forecast

Major Trend: Bearish
Time Frame: H1
Reason: Market still has the potential to go down, given the ever pass through Fibonacci 161.8, and will go further down to 118.55 on the Fibonacci 261.8.
Recommendation: Sell

[Gamabunta]

The US dollar is heading downward against the Japanese Yen, where prices are looking forward to support the scale below the level 119.00. Settles near-term support at 118.78, which is 50% Fibonacci retracement, with a break below that on the basis of the daily closing reveals the way for the 61.8% level at 118.02 .bdla of it, Ricochet above-scale line resistance at 120.01 pave the way for a test Tusaphipponacci 38.2% at 120.79.

[RaKalan]

USDJPY showed bearish inclined yesterday to test the support triangle that limits the recent trade and whose limbs 119.00 support and 119.85 resistance,, price needs to break through one of these levels to select the next track more accurately, which makes us continue to neutral so far.

[Gamabunta]

Showed dollar versus the yen bearish inclined yesterday to test the support triangle that limits the recent trade and whose limbs support 119.00 and resistance 119.85, and as we pointed out in the last of our reports, the price needs to break through one of these levels to select the next track more accurately, which makes us continue to neutral so far.

Positive stochastic indicator has now paid the price to rise over the coming sessions, and to identify the targets of the expected penetration levels mentioned above, please refer to our previous reports.

Expected trading range for today is among the 118.00 support and 120.30 resistance range

[John202]

The pair is now testing the MM100 (d) of 119.34 and we headed straight for the 118 when we hit 120 early this week.

Of course, it is the poor US statistics that plague the dollar, especially against the JPY as the pair is rather sell on rebounds as the BoJ will take no action.

[ng1985]

pair- usd/jpy
time frame analysis- m15



the price is moving in the down trend channel pattern with having support at the 119.70 level and resistance at 119.90. now the price is support side but up movement can expected. hold the short entry with stop loss at 119.95
good luck

[Ex.ness Support]

USDJPY: under pressure after the publication of Japan's balance of trade

USDJPY
May 13, 2015, 10:34
Sell on a level breakthrough of 119.70 with 119.05 target. Stop loss = 120.20.

Reason for the trading strategy

In March, Japan's current account surplus amounted to 2.80 trillion yen with a forecast of 2.07 trillion yen. The index reached its seven- year- high due to Japan' trade balance entering the positive zone. The news is positive for the yen. The breakthrough of the support of 119.7 yen will serve as a signal for elimination of short-term long positions on the US dollar.



USDJPY, H1

[smartfxkingmakers]

W1



D1



H4



H1



M30



M15



M5

[ducd3vaizo]

Daily Forecast

Major Trend: Bearish
Time Frame: H4
Reason: bearish pattern still dominant and has been formed. If the market does not penetrate the upper Bollinger, then the market will be a correction to 119.49
Recommendation: Sell