Thread: Usd/Jpy
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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)
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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.
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Basic levels for USD/JPY:
121.50: strong sales offers.
121.20: stop market orders.
121.00: strong sales offers, stop orders.
120.27: the highest level for the pair on 3 March
119.50: Buy requests medium, stop orders.
119.45 / 40: stop market orders.
119.25 / 20: Fibonacci 61.8% for the emerging movement from 118.62 to 120.27, stop market orders.
119.18 / 12: a moving average to close 21 days, the lowest level for the pair on February 27.
119.00: Buy requests medium.
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USD JPY inside a bullish channel – Analysis - 05/03/2015
The EMA50 continues to provide positive support to the USDJPY, which protect our bullish trend expectations on the short- term basis, noticing that the price moves within bullish channel that organizes the current bullish wave, and that supports the chances for targeting the previously recorded top at 121.80 as a first main station.
Stochastic shows bullish trend that supports the suggested rise, which its continuation requires holding above 119.25 and the most important above 117.90.
Expected trading range for today is between 119.00 support and 121.00 resistance.
Expected trend for today: Bullish
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the market continu it s continu on its bullish trend the main new are comming from the united state about the an unemployement claim
the cross may face a resistance at 120.46
but it is on the bullish trend the support is at 118.78
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USD/JPY Daily Outlook
Daily Pivots: (S1) 119.31; (P) 119.79; (R1) 120.20
4H
USD/JPY is staying in tight range 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.
---------- Post added at 04:05 PM ---------- Previous post was at 03:37 PM ----------
D1
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.
---------- Post added 03-05-2015 at 03:55 AM ---------- Previous post was 03-04-2015 at 04:05 PM ----------
USD/JPY Technical Analysis: Stalling in Familiar Territory
Talking Points:The US Dollar is struggling to build upward having attempted to bounce from channel support against the Japanese Yen. A daily close above the December 23 highat 120.82 exposes the intersection of the December 8 high and the 38.2% Fibonacci expansion at 121.91. Alternatively, a turn below the channel floor at 119.22 opens the door for a test ofthe January 21 low at 117.17.
- USD/JPY Technical Strategy: Flat
- Support: 119.22, 117.17, 115.48
- Resistance: 120.82, 121.91, 123.88
Risk/reward considerations argue against entering short with prices in close proximity to support. On the other hand, the absence of a defined bullish reversal signal suggests taking up the long side is premature. We will remain flat for now, waiting for a more actionable opportunity to present itself.
---------- Post added at 10:54 AM ---------- Previous post was at 03:55 AM ----------
USD/JPY Daily Outlook
Daily Pivots: (S1) 119.50; (P) 119.66; (R1) 119.86
USD/JPY is staying in tight range 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.
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the market is on a side way movments
it still bullish
bay from 118.82 target120
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The results of the pivot point calculations based on daily time frame prediction and analysis of price movements
Pair = USDJPY
Wednesday, March 04, 2015
High = 120.26
Low = 119.37
Close = 119.73
Pivot Point Result
R3 = 121.09
R2 = 120.68
R1 = 120.20
PP = 119.79
S1 = 119.31
S2 = 118.90
S3 = 118.42
analysis of price movements
Buy Limit at = 119.25
TP = 120.26
SL = 118.84
IF Buy Stop at = 119.67
TP = 120.62
SL = 119.37
Trend = Up
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