Usd/Jpy

[pritishahfx]

USD/JPY Weekly Outlook

USD/JPY's strong rise and break of 120.46 minor resistance is taken as the first sign of up trend resumption. Initial bias remains on the upside this week for 121.84 resistance first. Break will confirm this bullish case and target 124.13 key resistance next. On the downside, below 119.89 minor support will dampen the bullish case and turn bias neutral first.

In the bigger picture, whole medium term up trend from 75.56 is still in progress and should target a test on 124.13 resistance next. Break there would pave the way to 135.20/147.68 key resistance zone. On the downside, break of 110.08 resistance turned support is needed to confirm medium term topping, or outlook will stay bullish even in case of deep pull back.

In the long term picture, the strong impulsive look of the rally from 75.56 suggests that USD/JPY is now in a long term up trend. While momentum is still strong, the overbought condition as seen in monthly chart might start to limit upside momentum above 124.13 resistance.

---------- Post added at 05:42 PM ---------- Previous post was at 04:58 PM ----------

60 min USDJPY: price will most likely use the broken resistance as a support level in a wave 1-2 (blue) breakout.

4 hour USDJPY: the USDJPY managed to break above the key and very strong resistance zone of 120.50-120.80.

[zxcvb]

The price of the pair moves starting wave (119.38) It is noted that the limits of the line the main direction drawn to this wave along the between-level (119.78) and (119.63 is worth mentioning that the current wave goal access to the area (120.81) and with respect to trades that day will be watching the movement Price among level (120.25) and level (119.92) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can be tested is (119.63) In the case of increased sales to close four hours below this level, the downward trend will continue, On the other hand, in the case of purchases is the closest level to be tested is (120.40) In the case of increasing purchases four-hour closing candle above this level, the upward trend will continue, support and resistance levels are as follows: support first (119.71) - the second support (119.28) - First resistance (120.48) - a second resistance (120.82)

[pritishahfx]

USD/JPY Technical Analysis: Treading Water Below 121.00

Talking Points:
USD/JPY Technical Strategy: Flat
Support: 119.33, 117.17, 115.48
Resistance: 120.82, 121.91, 123.88
The US Dollar continues to stall, with prices oscillating below the 121.00 figure against the Japanese Yen. Near-term resistance is at 120.82, the December 23 high, with a break above that on a daily closing basis exposing 121.91 (December 8 high, 38.2% Fibonacci expansion). Alternatively, a push below rising channel floor support at 119.33 clears the way for a challenge ofthe January 21 low at 117.17.
Positioning is inconclusive at this point. On one hand, follow-through on the bearish reversal has failed to materialize. On the other, the Engulfing pattern setup has not been technically invalidated. We will stand aside for now, waiting for greater clarity to emerge before committing to a directional bias.

[edmar6969]

06, March 2015
USD/JPY (a 4-hour chart)
The dollar growth against the yen looks uncertain. There was the strong resistance level of 119.20 breakthrough amid the low volatility and the weak volumes.

The price is finding the first support at 119.20, the next one is at 118.00. The price is finding the first resistance at 120.40, the next one is at 121.60.
Trading recommendations

The potential increase targets are two levels of resistance: 120.40, 121.60.

[pritishahfx]

USD JPY gets another positive close – Analysis - 06/03/2015

The USDJPY closed yesterday’s trading above 120.00 level, to get new daily close above this level, which offers positive support to the recently suggested bullish trend scenario, which gets continuous support from the EMA50.

Therefore, we are waiting to target 121.80 level initially, noting that stochastic attempts to gain good positive momentum that supports the expectations to rise, which will remain valid unless breaking 119.35 and the most important 117.90 level.

Expected trading range for today is between 119.00 support and 121.00 resistance.

Expected trend for today: Bullish

[zxcvb]

The price of the pair moves starting from the wave (119.38) It is noted that the limits of the main trend line drawn for this wave along the between-level (119.78) and (119.63 is worth mentioning that the current wave goal access to the area (120.81)

[pritishahfx]

USD/JPY Daily Outlook

Daily Pivots: (S1) 119.69; (P) 120.04; (R1) 120.46

USD/JPY is still staying below 120.46 and intraday bias stays neutral. Overall, the pair is bounded in the sideway consolidation pattern from 121.84. On the downside, below 188.22 will bring another fall. But decline attempt should be contained by 38.2% retracement of 105.19 to 121.84 at 115.47 and rebound. Above 120.46 will target resistance at 121.84. Decisive break there will confirm up trend resumption.

[ng1985]

pair- usd/jpy
time frame to analysis- m15



the price is having the strong support at 119.95 level and down movement is rejecting. if upper side this is break the resistance at 120.15 then up movement to the 120.40 level can expected. long with the stop loss at 119.85
good luck

[zxcvb]

The price of the pair moves starting from the wave (120.27) It is noted that the limits of the main trend line drawn for this wave along the between-level (119.39) and (119.83 is worth mentioning that the current wave goal access to the area (119.38)

[pritishahfx]

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 119.50; (P) 119.66; (R1) 119.86

USD/JPY rises mildly today but is still staying below 120.46 resistance. Intraday bias remains neutral first. Overall, the pair is bounded in the sideway consolidation pattern from 121.84. On the downside, below 188.22 will bring another fall. But decline attempt should be contained by 38.2% retracement of 105.19 to 121.84 at 115.47 and rebound. Above 120.46 will target resistance at 121.84. Decisive break there will confirm up trend resumption.