Usd/Jpy

[wench]

the price seems to move in downward trend today on the USDJPY chart as there are a red dots above the bars and as long as the price keeps lower than the strong resistance of 107.9233 which is also the weekly Pivot point then it seems that the price may keep going south till it can hit the weekly pivot support at 105.5133 .
In other scenario if the price can break the resistance 107.9233 and get a bullish signals by a blue dots then it�s expected to keep going north till the resistance of 108.9667 as the next weekly Pivot point.
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[Gamabunta]

I think that we should wait and see if the price will break the resistance level at 108.23 than we get in long position with take profit at 108.99.

[achyut]

Weekly forecast: USDJPY 27-31 Oct. 2014

Technical analysis for weekly forecast for USDJPY 27-31 Oct. 2014. In weekly chart USDJPY shows bullish trend. At present USDJPY breaks 1st resistance level and going towards the 2nd resistance level. If 2nd resistance level breaks then next strong resistance level is 110.435.

Pivot: 106.942

Resistance levels

R1 107.640
R2 109.038
R3 109.736
R4 110.435

Support levels

S1 105.544
S2 104.846
S3 103.448
S4 102.051

[Gamabunta]

The 61.8 level of fibonacci ratios at 108.21 will stop this upside mouvemen, that's why I advise you to look only for short opportunities.

[ng1985]

pair- usd/jpy
analysis time frame- m30



the price movement in the up trend side but its rejecting from the resistance at 108.30 level the rsi is also moving down side. this down movement is hold at the pivot support 107.89 level. if this is break 107.50 then short with take profit at 106.80 and stop loss at the 108.90
good luck

[alii.hassan]

the USDJPY pair is now moving at a bearish trend which can be recognized by the down red arrow above the price and at the same time you can monitor the sell cross between the snake and T3_clean on the 1H chart Now to define the levels which may affect the direction you can use the support level at 107.65 as a good area to claim the profits or keep selling if the price breaks it down while on the other hand the level 108.35 could be used as a resistance which the stop loss level can be set Finally selling can be the right decision for now until an opposite buy cross occurs on the indicators or a blue up arrow is shown .

[maggie]

the USDJPY pair for today seems to be on bullish trend according to the green color of the Super trend which is my main indicator to determine the market direction.
Also the Nonlog dot is red colored which indicate a sell signal by the way.
Now the signals show a week bullish trend and a buy trades can take a place as soon as the Nonlog indicator changes to confirm the direction.
For the stop loss area I think there are 2 ways to exit if the super trend changes its color to be red or if the price hits the support at the area of 107.15 which may mean that the bullish direction is over.
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[mary]

According to the chart of USDJPY there are a main up trend signal as the 2 EMA 5 and 6 moving Above the slow EMA of 35 then I guess I will take a buy positions once the other indicators confirm the bullish direction.
There are a dots above the candles for parabolic sar indicator to indicate a downward direction and also I can monitor a buy signal on the MACD indicator which moving above the level 0 for now beside the CCI line is at the lower level to perform a downward signal.
As I said before according to the EMA locations buying is my favorite side for today as long as the price didn�t show any opposite bearish signals.
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[Ramzy.hassan]

A top is drawn via ZigZag indicator to show a good chance that the USDJPY pair may head down upon the coming hours.
And the price is at the moment moving near the down edge of the Donchin band indicator which is a sign that can�t be neglected that the price will face a big difficult if it tries to move downward Then I guess betting on the downward direction have a better odds but only if the price can be able to have a closed candle below the support of 107.15 which you can monitor it on the chart by the blue dots and waiting for the 2 SMA indicators to make a sell cross can be a better way to catch a strong sell trades In this case thinking about the resistance line at 108.35 to be a stop level area can help in case of facing an opposite upward direction .

[achyut]

Daily forecast: USDJPY 24 Oct. 2014.

Technical analysis for Daily forecast of USDJPY 24 October, 2014. In Daily chart USDJPY is flat. At present USDJPY on the pivot point. It is important to break support or resistance levels to identify the trend.

Pivot: 107.890

Resistance levels

R1 108.705
R2 109.154
R3 109.969
R4 110.784

Support levels

S1 107.441
S2 106.626
S3 106.177
S4 105.728