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USDJPY

Did it slide as much as the MPP slid upwards?Last month It ran a range between MPP (P) 109.442 and MPP (R1) 110.769. Location of MPP of last month In July, the resistance of the MPP (R1) last month went out and price ran up like a racehorse who confirmed the gate opened. However, although it is commonplace, that alone is not a strong trading reason. There is a strong trend line above. Weekly chart That trend line has come close to MPP (R1) 111.541 this month. Therefore, it is thought that the vicinity becomes strong resistance. Also, as it is a range market, it is still a scene to take both long and short compactly. Moreover, the rise and fall of the high and low are also not clear. It is a situation that can not be trusted. Based on those, I think that it will be the next turn around the most recent. << tactics >> 1-1) It reached near MPP (P) 110.133 and served as support. long. The first limit is under 111.000 which is near the last highest. The second limit is under WePP (R1) 111.326. 1-2) It reached near MPP (P) 110.133, penetrated and fell down. Short by confirming that MPP (P) 110.133 functions as resistance and 110.000 does not function as support. Nothing is possible if MPP (P) 110.133 fails before functioning as a resistance. 2-1) It reached near MPP (R1) 111.541, and functioned as a resistance. short. The first limit is on WePP (P) 110.347. The second limit is on MPP (P) 110.133. 2-2) MPP (R1) 111.541 be penetrated and price ran up. I will look for opportunities of long. but be wary of the trend line. I would be grateful if you like it idea,give me follow or agrees! ------------------------- -------------------------- Brown thick line: Yearly Pivot Points (YPP in the text) Light blue thick line: Monthly Pivot Points (MPP in the text) Green thin line: Weekly Pivot Points (WePP in the text) Indigo thickLine: Horizontal line or Trend line seen by weekly or monthly Indigo thin line: Horizontal line or Trend line seen by 4hourly or daily Indigo dotted line: outstanding double zero Red curve: EMA 20 close Indigo curve: EMA 200 close Green curve: EMA 800 close Black curve: EMA 1600 close x mark: Line which may not function ------------------------- --------------------------
by fondiea
3
USD/JPY: the dollar is strengtheningCurrent trend JPY is moderately decreasing against USD due to the growth of the investors’ interest in the US currency. Today’s Japanese releases did not affect the price significantly. The National Consumer Price Index decreased to 1.1% YoY in March from 1.5% in the previous month. The same index Ex Auto and Food and Energy stayed on the level of 0.5% in March. Today’s Japanese macroeconomic data support a slight correction of the instrument but it is still trading around its 2-month highs. Preliminary, April PMI Nikkei grew from 53.1 to 53.3 points, while analysts expected the decrease to 52.6 points. Support and resistance On the daily chart, Bollinger Bands are strongly growing. The price range is almost the same, restricting the “bears” from growing. Resistance levels: 108.00, 108.26, 108.83. Support levels: 107.47, 107.27, 107.00, 106.71. Trading tips Long positions can be opened after the breakout of the level 108.00 with the target at 108.50 or 108.83 and stop loss 107.60. Short positions can be opened after the rebound at the level of 108.00 with the targets at 107.47–107.27 or 107.00 and stop loss 108.30. Implementation period: 2–3 days. Scenario Timeframe Intraday Recommendation BUY STOP Entry Point 108.05 Take Profit 108.50, 108.83 Stop Loss 107.60 Key Levels 106.71, 107.00, 107.27, 107.47, 108.00, 108.26, 108.83 Alternative scenario Recommendation SELL LIMIT Entry Point 108.00 Take Profit 107.47, 107.27, 107.00 Stop Loss 108.30 Key Levels 106.71, 107.00, 107.27, 107.47, 108.00, 108.26, 108.83
by LiteForex_Official
2
USD/JPY: wave analysisThe pair can grow. On the 4-hour chart, the downward momentum has formed as a wave C within the correction of the higher level (B). Now the first wave of the lower level i of 1 of (C) has formed as a wedge, and the local correction is developing as a wave ii of 1, taking the shape of a flat. If the assumption is correct, after the end of the correction, the pair will grow to the levels of 109.60–110.80. The level of 104.58 is critical for this scenario. Main scenario Long positions will become relevant after the end of the correction above the level of 104.58 with the targets at 109.60–110.80. Alternative scenario The breakdown and the consolidation of the price below the level of 104.58 will let the pair go down to the levels of 103.00–102.00. Scenario Timeframe Weekly Recommendation BUY Entry Point 107.56 Take Profit 109.60, 110.80 Stop Loss 106.90 Key Levels 102.00, 103.00, 104.58, 109.60, 110.80 Alternative scenario Recommendation SELL STOP Entry Point 104.50 Take Profit 103.00, 102.00 Stop Loss 105.10 Key Levels 102.00, 103.00, 104.58, 109.60, 110.80
by LiteForex_Official
USDJPY at critical structure, bearish move expectedOn Sunday, during our weekly analysis we anticipated a high probability of a short term bullish move up to the structure at 107.30-107.50 where we have monthly Support S1 located. This structure was very strong in the past so now after testing this area, this time from below we may expect a move down to at least 106.00 area. At the 4 hours chart, at the moment of analysis we can notice some exhaustion candles formed which makes us believe that bulls are now losing steam and now should be the time when the bears are expected to kick in and bring the price lower.
Short
by drilonn001
USDJPY with Little Technical and Max Fundamental MUST READUSD/JPY the most favorite trade now a days globally accumulating targets 107.50. Technical : This pair is little influence with technical but support and resistance matters in this pair in terms of technical .apart from it we are looking for channel as I have nicely mapped over daily but for short term trader I have marked it with 4 hr chart with recent channel on which the pair is flowing . You by your own could look it up by mere observing and sure no rocket science here but macro-economics matters . Fundamental Now If we look at demand supply the demand for yen is increasing though fed has set the dollar with stronger economics yen also having stronger level of GDP forecast and manufacturing and yen is also better option now instead of euro and partially GBP. Secondly ,i would Discuss the sentiments of the traders where most of the price action matters ,the COT report where position of Non-Commercial is getting momentum against USD and generating for YEN so the levels are surely possible according to recent data .. Learn More Basics on my experience on my BLOG and Receive Feeds of Trading View on Twitter Please Comment ,Because Comment Could help to learn more :)
Short
by Dipak___Z