The pair started falling after rebounding from a high at 114.85 and forming a RSI divergence on the M15 and M5 time frames, as well as a shooting star bar on the M30 time frame. I think next target is 113.75.
Been meeting quite a lot of pullback above 115.20 levels today. Break above 115.50, or a short retreat to mid 114 levels, before retrying?
Jan 28 2017 at 13:20
I'm bullish on the pair!
Positivity
today usd/jpy fall during tha day and i see a resistant at 113.500 and feel a bulish presure soNow market will go higher toward 118.5 if it broke it than i will go to 125
Sucsses is the good reward of time surf
The dollar fell against the yen on Tuesday, as the Japanese currency was in demand due to the status of safe investment, while risk appetite has deteriorated against the backdrop of perseverance US president Donald Trump of his ban on the entry of migrants. By 6.22 GMT the dollar slipped by 0.3 percent to 113.42 yen.
USD/JPY - most likely we may see test at 113.40/50 first. There are kind of reversal formation on 4H.
The dollar lost significant ground against the yen on Monday. The US currency broke a two-day winning series and returned to the levels of early last week. Key values were drilled, but short-term expectations remain in favor of the dollar. In this case the support at 112.44 is threatened. The session started at 114.70, and the final was 94 pips higher. The trend has bearish character all the time, bottom of the day was struck at 113.45.
USD/JPY
Key levels to watch for:
Support: 112.44; 111.56;
Resistance: 116.13; 116,84.
Key levels to watch for:
Support: 112.44; 111.56;
Resistance: 116.13; 116,84.
Dollar/yen made downward momentum yesterday, bottomed at 113.23 during the Asian session today. Short-term expectations are neutral, but as long as price remains below 115.60 I still prefer a bearish scenario at this phase with targets near 111.30. Immediate support is 113.50 whose breakthrough could lead to further pressure testing 112.50 or lower. On the upside, first resistance at 114.25 whose breakthrough could lead price to neutral zone testing 115.00/60.
Feb 01 2017 at 08:10
What is your prediction and trading idea on FOME.. Will the FOMC boost dollar?? what is your target on USDJPY.
Re-Writing The Art Of Trading
All about the policy statement. If they see the inflation and labor conditions are still good, something that increases the chance for a rate hike in March (most likely), if the statement does not include anything like that, the dollar will likely drop some. I'm casually dollar positive
Feb 01 2017 at 11:05
I don't think so there will be hike in interest rate by feds now and in march too, new fiscal policies of Trump will be implemented and has to monitored the economic growth
Re-Writing The Art Of Trading
It's dropping after it formed a shooting star bar on the M30 time frame at 113.95 and I think it will reach 113.00. Of course, it all depends on the US Federal Funds Rate announcement today.
USD/JPY is at the support at 112.40, I think that if it breaks out below that support it will reach 112.00.
Feb 02 2017 at 11:10
Doji formation at support 112.56. Taken a position at 112.62, TP 112.87, SL 112.473.
Re-Writing The Art Of Trading
Feb 02 2017 at 11:10
Fundamentals seem's to be weak in dollars, but still willfully taking a position at support hoping trump will take measures to strengthen dollars.
When will the big swing will start?
When will the big swing will start?
Re-Writing The Art Of Trading
Feb 02 2017 at 12:56
Based on Fibonacci Retracement if UJ breaks 112.47 in D1, then the next support will be at 110.
I have two position's open in UJ one at 115 and 113.
I have an exit strategy based on Wave theory.
What will be the exit strategy with the minimum loss according to you for this trade?
I have two position's open in UJ one at 115 and 113.
I have an exit strategy based on Wave theory.
What will be the exit strategy with the minimum loss according to you for this trade?
Re-Writing The Art Of Trading
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.
