To use chat, please login.
Back to contacts
the_who
Apr 11 2018 at 06:44
256 posts
USD/JPY moved higher today but yet remains capped by last week’s high. Bulls would hardly march towards 107.50 given the neutral indicators on the four hour time frame.

BrianHarris96
Apr 12 2018 at 06:52
210 posts
Unless a clearly close above 107.54, a potential short term head-should top formation still intact.

However, we see weekly bullish outside bar and monthly exhausting bar against recent low.

Holding above 104.54, further upside is still likely, but the consolidation maybe very complex.

To the downside, 103.56 will be the next support level.




Attachments:


BrianHarris96
Apr 12 2018 at 06:53
210 posts
Uptrend already clearly eroded on weekly chart.

If seen, how the trend develop at 109.28/87 will be very important.




Attachments:


BrianHarris96
Apr 13 2018 at 07:20
210 posts
USDJPY

Already close back above the long trem trend line and break out from the downtrend channel.

Also probe into daily Ichimoku cloud for the first time since Jan 09, 2018.

Above 107.54, Directly re-test 107.7/108.08 is very likely.

If so, today will not touch or close below 107.04/106.89.

Below here, may enter another consolidation period.

But due to Syria issue, we may have to re-assess the pair next week.




Attachments:


BrianHarris96
Apr 13 2018 at 07:20
210 posts
Ari Goldman (arigoldman)
Apr 13 2018 at 14:43
907 posts
USD/JPY is close to double top at 107.90.

the_who
Apr 13 2018 at 18:49
256 posts
USD/JPY retreated from the fresh 7-week high as US stocks turned negative. The pair is nearing the 107.30 and this might bring it back into the range of the previous sessions between 107.40 and 106.60.

BrianHarris96
Apr 16 2018 at 06:58
210 posts
USDJPY

Price was exactly rejected by the long term range low at 107.73.

Also a daily exhausting bar and small oscillator divergence was flagged on last Friday.

I suspect the 1st upside target may already met.

Seasonal Japanese Yen strength from April to May should also be taken into account.

However, according to my system, weekly trend is turning higher gradually.

Look for base signs between 106.53/105.50/35 is preferred.

Below 105.35, may re-test recent low or even break lower to 103.56.

Directly close above 107.73, there's no major resistance until 109.36.




Attachments:


the_who
Apr 17 2018 at 06:01
256 posts
USD/JPY turned to bearish mode today and dropped to 107.05. On the four hour time frame the price is developing above its flat 100-day and 200-day SMAs while stochastic is showing storng bearish momentum. The pair is reparing to test 106.90 wich if broken to below 106.60 will be the next target for the bears.

BrianHarris96
Apr 18 2018 at 07:10
210 posts
USDJPY: We are buyers

Yesterday price already closed below daily Ichimoku Tenkan-sen.

The rally from 104.54 could be counted as an overlapped ABC correction.

It's too early to call a base formation.

Holding below 107.78, we could not rule out right shoulder building of a potential head-shoulder top formation.

However, according to my trading system, we have weekly buy signal.

As long as it is valid, deeper retracement toward 105.77 should be bought against 105.23.

If today close above 107.49, that will indicate uptrend resuming.


USDJPY Trade Idea:

Sell limit @ 107.54 stop 107.80 for 106.59

Buy limit @ 105.78 stop 105.2 for 109.37




Attachments:


Please login to comment .