Usd/Jpy

[Ex.ness Support]

04.12.2014 7:07 USDJPY
USDJPY: growth against the background of an increasing ISM business activity index in the US services sector

Buy on a level breakthrough of 119.97 with 120.64 target. Stop loss = 119.50.

Reason for the trading strategy

In November, the ISM business activity index in the US non-manufacturing sector rose from 57.1 p. to 59.3 n., being better than the expected forecast of 57.5 p. Since the transactions in the services sector form nearly 90% of US GDP, the published statistics is likely to support the dollar.

USDJPY, H4

[hmmo]

On the USDJPY chart now you can indicate that the price is currently moving above the MBFX indicator's grey line which is the support area with a location at 119.71 Currently by looking on the last signal on vestro indicator it was a bearish saturation signal by going to -100 level of vestro which may be a good notification about going south for the current time if you decided to enter long then you can target the next level of support on MBFX indicator at area of resistance on MBFX indicator at area of 120.2 as first take profit and 120.7 as your next and final target as long as the price did not hit 119.41 which can be used also as stop loss for your buy trades.

[aliali1]

As a result of the green arrow that we are seeing at the moment on the USDJPY chart we conclude that a bullish trend would be taking place now on the top of that the bottom located at the price 118.15 which is a strong support at the moment and the price shouldn�t be able to go below it if the bullish trend stayed strong.
A up direction is to be taking place because of the parabolic sar�s dots which are located below the candles.
And for a take profit the price level 120.1 would be perfect since it's a resistance when we are buying because there might be a good chance for the price to start hitting south after hitting it.

[osos]

some good buying signals shown today on the hourly chart of the USDJPY as the price have a Blue arrow as the last signal that viewed by the EMA crossover indicator which uses a 2 exponential moving averages with an unsimilar shifts and you can see the red line crossing above the blue one to act as a buy signal.
it happens also on the QQE indicator that is clear on the chart lines above the fifty levels and showing a buy cross.
We target the area 119.25 by performing buy orders until I can get a new sell cross by the 2 exponential moving averages.
.

[samoo]

According to my analysis on the USDJPY chart for today

[troykilson]

by viewing the USDJPY chart of the day we conclude that strong bullish trend happened due to the blade oscillator of value 0.12 located above the balance level of the indicator which shows a blue signal to conclude a strong indication that a bullish direction happen on the short run.
By the way the moving average 5 on the chart giving us a UP indication then the bottom placed at price 119.89 can be taken as a stop loss point for the buy orders given by the indicators that we deal with them .

[halloiasan]

According to what I am witnessing now on the USDJPY chart the price now is giving us a signal that it might keep heading to a bullish trend based on the up channel drawn in front of us.
The upper edge of the donchain channel which got hit by the price giving us by that south signal.
The red bar shown by the awesome oscillator indicator is located above the level of 0 indicating by that a sell signal at the moment.
A bearish signal shown by the sell cross taking place on the stostatic indicator where the lines are located near the level of 80 The buying data shown in front of us could be the right call targeting by that the high level of the donchain channel but before entering any deal it would be wise to wait for a confirmation of up trend from the Awesome Oscillator increasing by that the chance for the buy trades to win almost near the up line of the channel

[hatrik]

The moment indicator indicates that there is good buying signal on our pair USDJPY and that�s because of the cross taking place where the blue line�s location is above the red line at the moment The oracle strength indicator.
on the other hand is could be considered be giving a upwards direction signal according to the yellow color shown.
If we needed more confirmation on the direction then the Oracle direction indicator would do the trick as you can see the blue colors on the arrows could be acting as upward signals.
Now as a conclusion from all the data we acquired up till now I believe that a upward trend would be taking action and that of course if the buy cross was still on the chart buy trades would have the priority as long as the ATR indicator gives buying signals.

[ralf]

According to price position which is above the EMA indicator on the USDJPY chart I believe it will be taking a bullish direction throughout the day.
A buy signal is indicated by the RSI indicator according to the line which is currently above the center line of 35.
Using the MACD indicator we can see that the green lines are heading up which means that the market bulls are the ones in control in the current period.
As a result to that I do believe that choosing the bulls for the current day would be the best choice but that of course until we get an opposite sell signal via the EMA indicator when the price gets below the wave .

[Gamabunta]

The price break the resistance level at 119.47 that's why I think that we should look only for long opportunities.