Usd/Jpy

[pritishahfx]

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 support is needed to confirm medium term topping, or outlook will stay bullish even in case of deep pull back.

---------- Post added 02-09-2015 at 08:08 AM ---------- Previous post was 02-08-2015 at 02:17 PM ----------

USD JPY hits the first target

The USDJPY pair succeeds to reach the first main target for the upside track that was activated after the breach which achieved last Friday and we mentioned in our last technical update, noticing that the price finds good resistance that forces the price to provide some bearish bias as appears in the above image, and stochastic current negativity that add more strength to the mentioned resistance.

Therefore, the USDJPY price might witness temporary downside moves to retest levels around 118.20 before resuming the bullish trend, pointing that breaching 119.20 level will extend the pair gains to reach 121.80, while the expected rise will remain valid unless breaking 118.20 then 117.20 levels and holding below them.

Expected trading range for today is between 118.00 support and 120.00 resistance.

Expected trend for today: Bullish

[Gamabunta]

I think that the price will fall down because of the black trendline decree below in the daily time frame, that's why we can get in short position with take profit at 115.75.

[pritishahfx]

USD/JPY Weekly Outlook

4H
USD/JPY;s rebound from 115.84 resumed last week by taking out 118.85 resistance. Initial bias is mildly on the upside this week for 120.82 resistance. Overall, consolidation pattern from 121.84 is likely a triangle pattern. Strong resistance from 120.82 will bring another fall to extend the pattern. But break of 121.82 resistance will confirm larger up trend resumption. Meanwhile, any downside attempt should be contained by 38.2% retracement of 105.19 to 121.84 at 115.47.

[Gamabunta]

I think that after breaking the resistance level at 118.77 the price will rise, that's why we can get in long position with take profit at 120.71.

[pritishahfx]

USD/JPY Mid-Day Outlook

Daily Pivots: (S1) 116.88; (P) 117.44; (R1) 117.80; More.....

4H
USD/JPY's rise suggests that rebound from 115.84 is possibly resuming. Break of 118.85 will target 120.82 resistance. Overall, consolidation pattern from 121.84 is likely a triangle pattern. Strong resistance from 120.82 will bring another fall to extend the pattern. But break of 121.82 resistance will confirm larger up trend resumption. Meanwhile, any downside attempt should be contained by 38.2% retracement of 105.19 to 121.84 at 115.47.

[ducd3vaizo]

Daily Forecast

Pair: USDJPY
Major Trend: Bullish
Time Frame: H1
Reason: Market has bullshnya trends continue, but it will still be a correction around the price of 118.00. Also visible, the RSI indicator shows divergence pattern
Recommendation: Sell now with targets 118.00

[Gamabunta]

I think that we can put a sell limit order at the resistance level at 118.46 with take profit at 117.96.

[Ex.ness Support]

USDJPY
Feb. 6, 2015, 10:01
Sell on a level breakthrough of 116.76 with 115.85 target. Stop loss = 117.40.

Reason for the trading strategy

Information about the fact that in Q4 2014, labor costs in the United States increased, while the labor productivity decreased, put pressure on the world's reserve currency. Today, the publication of the January data on the US labor market could pressure on the US dollar. In the reporting period, the number of jobs outside the US agricultural sector is expected to decrease from 252 thousand to 236 thousand.

USDJPY, H4

[KAUL]

analysis for today 2 / 6 / 2015

USDJPY

Resistance : R1 117.99 R2 118.24 R3 118.44 R4 118.74
Support : S1 116.77 S2 116.52 S3 116.32 S4 116.02

Open : 117.49
High : 117.52
Low : 117.24
Range : .28 Pips
Running Price : 117.29

Strategy : BUY at the level 117.29 stop loss at the level 116.77 target take profit at the level 118.44 or at the level 118.74

[ashraf55]

To day support and resistance date.6/2/2015
Resistance 1:117.70
Resistance 2:118.10
Resistance 3:118.50
Power pivot:117.35
Support 1:117.00
Support 2:116.65
Support 3:116.30
Sell order:Bhai mary plan ya hai jub market support 1ko touch kry to sell k order lga den or se k tp support 2 ok kr den or stop loss resistance1 ok kr den
Buy order:jub market resistance1 ko touch kry to buy k order lga den or se k tp resistance2 ok kr den or se k stop loss support1 kr den.
Plan 2:sell order: jub market resistance3 ko touch kry sell order ok kr den or stop loss 20 pip kr den.
Buy order:jub market support3 ko touch kry to buy k order ok kr den.