Thread: Usd/Jpy
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analysis for today 9 / 3 / 2014
USD/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 104.86
Retracement (50%) 104.76
retracement (61,8%) 104.65
Extensions (61.8%) 105.77
Extensions (100.0%) 106.12
Extensions (138.2%) 106.47
Extensions (161.8%) 106.68
calculation based on a Fibonacci retracement then today I choose buy
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03, September 2014
USD/JPY (a 4-hour chart)
The dollar strengthening has allowed the buyers to break above the strong resistance levels of 104.35 and 104.80.
The price is finding the first support at 104.80, the next one is at 104.35. The price is finding the first resistance at 105.20, the next one is at 105.60.
Trading recommendations
The price is likely to go to the downward trend line 105.60.
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03.09.2014 9:09 USDJPY
The USDJPY pair adjusts from the year maximum of 105.40
Buy on rebound from a 104.27 level with a 105.40 target. Stop loss = 103.50.
Reason for the trading strategy.
The fact that the Japanese government has resigned and the Prime Minister Abe of Japan, Finance Minister Aso, and the Minister of Economy Amari have all been re-elected speaks to a continuation of the current economic policy in the country. The USDJPY pair is now adjusting from the year maximum of 105.40 The opening of new short positions on this pair are worth considering from a resistance level of 104.27.
USDJPY, H4
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analysis for today 9 / 3 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 9 / 2 / 2014
OPEN 104.36
HIGH 105.21
LOW 104.30
CLOSED 105.09
The third resistance (R3) 105.21 - ( 104.87 - 104.30 = 0.57 x 2 = 1.13 )= 106.34
The second Resistance (R2) 104.87 + 105.21 - 104.30 = 105.78
First resistance (R1) 104.87 x 2 = 209.73 - 104.30 = 105.43
pivot points 105.21 + 104.30 + 105.09 = 314.60 / 3 = 104.87
Support for the first (S1) 104.87 x 2 = 209.73 - 105.21 = 104.52
Support second (S2) 104.87 - ( 105.21 - 104.30 = 0.91 ) = 103.96
Third Support (S3) 104.30 - ( 105.21 - 104.87 = 0.34 x 2 = 0.69 )= 103.61
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Today we are predicted that usd/jpy pair move more downward with some above mentioned conditions, so sell trade is best and in case this pair move upward direction then possible euro zone have strong numbers due to event announcement / result, because strong and weakness condition clear on news announcement, so we are quickly modified our Signals Session.sell entey 105.30 sl:105.80 TP:104.70
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yes you are right due to japan earth quake its fall many pips..but now we can see little bit improvement near 98.05. When we see history price keep on falling slowly i think we don't see price in future in 97 level.
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analysis for today 9 / 3 / 2014
USD/JPY
Resistance : R1 105.81 R2 106.06 R3 106.26 R4 106.56
Support : S1 104.51 S2 104.26 S3 104.06 S4 103.76
Open : 105.08
High : 105.26
Low : 105.06
Range : 20 Pips
Running Price : 105.16
Strategy : BUY at the level 105.16 stop loss at the level 104.51 target take profit at the level 106.26 or at the level 106.56
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Trading analysis for 03rd September, 2014. In Daily chart USDJPY shows bullish trend. At present USDJPY above from the pivot point and near to the 1st resistance level. If 1st resistance level breaks then next strong resistance level is 106.896.
Pivot: 104.861
Resistance levels
R1 105.425
R2 105.769
R3 106.333
R4 106.896
Support levels
S1 104.517
S2 103.953
S3 103.609
S4 103.264
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In the short term, it is probable that the USDJPY pair will be tested at the 105.40 level
Buy on rebound from the level of 104.50 with a 105.40 target. Stop loss = 104.00.
Reason for the trading strategy.
Before the upcoming Thursday meeting of the Bank of Japan, the USD/JPY pair has decided to consolidate above the 104.27 level. Given the continued folding of the QE3 program in the United States, under the current loose monetary policy in Japan, the USD/JPY pair is likely to renew its maximum of 2014 at the level of 105.40 in the short term.
USDJPY, Daily
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analysis for today 9 / 2 / 2014
USD/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 104.25
Retracement (50%) 104.23
retracement (61,8%) 104.20
Extensions (61.8%) 104.50
Extensions (100.0%) 104.60
Extensions (138.2%) 104.70
Extensions (161.8%) 104.75
calculation based on a Fibonacci retracement then today I choose buy
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
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