Usd/Jpy

[hymoi]

daily overview for Usd-Jpy
r3: 120.30
r2: 119.98
r1: 119.47
s1: 118.64
s2: 118.32
s3: 117.81
the pair broke fibo 50 to down
so our trade for the pair is sell

[fatdog]

the pairs failed to break below 118.97 support and rebounded from 119.97, suggesting that sideways movement is underway, range trading between 117.30 and 120.20 is expected to go on in the near futur.

[N4th4n]

Head and Shoulder pattern on TF D1?
Monthly chart shows consolidation phase still running. Bearish engulfing on TF W1 not strong enough to break support and make significant low.

Resistance level on 119.35 area. 3 support level will be next target if price failed to break nearest resistance.

[N4th4n]

Last month, price forming spinning top candle (TF MN). Last week there's bearish engulfing (TF W1). But this week, price coldnt break previous week low.

In daily frame (TF D1), Head and Shoulder Pattern shown up. It indicates that this pair still in consolidation phase.

Support on level 118.28 (neck line) and 117.50 could be choppy, then monthly support is yhe next target. In other hand, if resistance level on 119.39 couldnt hold, monthly consolidation will take place longer.

[Gamabunta]

I think that we can put a buy limit order at the support level at 118.81 with take profit at 120.07.

[fatdog]

Main ye thread USD/JPY ke discussion ke liye bana raha hain. Sabhi members ko ya post karne ke liye swagat karta hoon.

[Gamabunta]

I think that the price will continue falling down that's why I advise you to get in short position with take profit at 118.55.

[ducd3vaizo]

Daily Forecast

Major Trend: Bearish
Time Frame: H1
Reason: If the market can penetrate downward correction in the 118.85 area, but if not, then the market will be up.
Recommendation: Sell stop at 118.70

[Gamabunta]

More accustomed to analyzing graphs have noticed training Shoulder - Head - Shoulder (ETE), formed by the course in just over 24 hours. The signal from the training courses, namely a fall in prices below the "neckline" was perfectly realized with a decline rapidly over to our second support.

[Ex.ness Support]

The USDJPY pair may decline to the 118.54 level
USDJPY
April 24, 2015, 08:23
Sell on a level breakthrough of 119.33 with 118.54 target. Stop loss = 119.83.
Reason for the trading strategy
The US dollar remains under pressure after the publication of negative macroeconomic statistics in the US. In April, the Markit business activity index in the US manufacturing sector fell from 55.7 p. to 54.2 p., and in March, new home sales in the US primary real estate market decreased by 11.4% to 481 thousand homes a year.
USDJPY, H4