Feb 02 2017 at 14:56
Kazanchis posted:
In daily time frame, if the support level at 112.072 is broken, the price probably goes down up to 109.921. If 112.072 is not broken, I expect the bulls push the price upward to 115.337.
My analysis on support level is close to yours.
So that makes two of us having the same prediction.
Re-Writing The Art Of Trading
Absolutely the same. It seems a long difficult journey for the market to break the support level at 112.000 und reach 115.00. If the market manage to do that und it probaly break the 115.000 level. Then the bears would controll the rally to hit the 105.000 level. (Probably 105.400). But the market does what it wants. I would prefer to short this market. However I am just waiting this, rather than opening a position at the moment.
Feb 03 2017 at 07:49
I'm back for today's trading.
Taken a position based on Morning star candlestick pattern formation in H1 chart at support 112.96
Major fundaments are forming for USD today,
Hope dollars will pull back.
Taken a position based on Morning star candlestick pattern formation in H1 chart at support 112.96
Major fundaments are forming for USD today,
Hope dollars will pull back.
Attachments:
Re-Writing The Art Of Trading
Feb 05 2017 at 09:18
I'm bearish on the pair.
Positivity
Feb 06 2017 at 07:53
On the daily chart the is still a buy on it. It will go up, but there will be some retracements from Sunday to Tuesday the most.
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Attachments:
"If you are makeing less than 500% a month you aren't doing it right!"
Feb 06 2017 at 09:53
eNyComics posted:
On the daily chart, the is still a buy on it. It will go up, but there will be some retracements from Sunday to Tuesday the most.
I'm also on positive note USDJPY and therefore i'm holding position, but the geopolitical issues of US worries me.
Re-Writing The Art Of Trading
The Price broke 112.00 lebel. Breaking 100 MA is the next hard work. I am still in the flavour of bears. My position is triggered. First target 109 level, the second target 105 level.
Dollar/yen failed to continue its downward movement yesterday, topped at 112.57. The bias is neutral, but overall still prefer a bearish scenario with the closest target near 111.30. Immediate resistance at 113.00. A clear break and daily close above this level could trigger upward pressure on testing 114.00 but any upside pullback should be seen as an opportunity for sales. First support is 112.00 whose breakthrough could lead to further bearish pressure testing 111.30.
The yen support is somewhat artificial due to Trumps currency manipulation and undervalued comments. Might change on Friday, don't expect Japan to end their asset buying program because Trump doesn't like it.
USD/JPY - it seems the USD is recovering. Double bottom formation appears on 4H, but not confirmed yet :)
The dollar quickly changed its place with the yen and the recorded 45 pips on its account. The beginning of the trading session was with the opening price 112.37. The momentum of the yen the previous day helped reaching the daily high of 112.54 in the early hours of the day. The support level of 111.98 was pierced by bears and they took their bottom level at 111.62. The day ended with a break for the second time on the same support, at a price of 111.92.
USD/JPY
Key levels to watch for:
Support: 111.20; 109.63;
Resistance: 111.98; 114.05; 115.64.
Key levels to watch for:
Support: 111.20; 109.63;
Resistance: 111.98; 114.05; 115.64.
The pair finally found support at 111.60 and started climbing. I think next target is at 113.45.
USD/JPY - is testing the upper frontier of the consolidation model. I expect that the pair will raise and go to 114.20/30 shortly.
Retracting from levels above 113.70, likely many who will get rid of their JPY exposure while waiting on the results of the Abe-Trump talks. Open interest is -4.5%.
USD/JPY broke above 113.45 and it's still climbing. I think it will reach 114.00 next.
Feb 10 2017 at 19:37
The 55 day EMA and the 114.00 level are impeding for now the USDJPY from rallying further. A bounce to the downside is possible.
Following last week bullish performance, UJ upward potential remains after testing 114.00 level, the pair settled just below the level.
csc2009 posted:
Following last week bullish performance, UJ upward potential remains after testing 114.00 level, the pair settled just below the level.
It even broke above that level for a little while. I think that that the closest short-term target is at 114.50.
