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USDJPY RISING!!

P3tr4 Posted 23 June as Analysis on USD/JPY, Target: 112.34, Date: 1st of August, 12:00 GMT  in #Technical analysis #Usdjpy #USD/JPY #Market Trend #Monthly Chart #Weekly Chart #Currency Markets
Trading concept:
Stochastic indicator and price action are the only indicators used.
When stochastic crosses up,we assume it is time to go long, when it crosses down we assume it is time to go short.
When it crosses up above 80, it is still a good place to go long, but with caution, as such areas are overbought areas. So predictions at this point could also be bullish, but bearish predictions are a good possibility here also.
Same applies for when stochastic is below 20, the trend is bearish wit…
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P3tr4 20 July

Update 1:
This update is late, but necessary. The highest we have seen on this pair is 114, and already the slide down has begun. And from the look of things, the slide could continue till it gets to 111.00.

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USDJPY RISING!!

P3tr4 Posted 30 May as Analysis on USD/JPY, Target: 111.35, Date: 3rd of July, 12:00 GMT  in #Technical analysis #Usdjpy #USD/JPY #Market Trend #Stochastic Indicator #Monthly Chart #Currency Market #Weekly Chart
Trading concept:Stochastic indicator and price action are the only indicators used on weekly and monthly charts.
When stochastic crosses up,we assume it is time to go long, when it crosses down we assume it is time to go short. When it crosses up above 80, it is still a good place to go long, but with caution, as such areas are overbought areas. So predictions at this point could also be bullish, but bearish predictions are a good possibility here also. Same applies for when stochastic is below…
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P3tr4 18 June

In line with my prediction, usdjpy has managed to stay bullish, after a quick dip it has turned back and is moving up. Currently, at 110.85, it is just about 50 pips away from my TA contest price. The dollar looks like it will soon begin another bull run, meaning this usdjpy will get to 111 and above. If however, this does not happen, then we can end the month at 110.

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P3tr4 21 June

Stoch here is also overbought and has crossed down. The daily candle has not closed convincingly to show bullish strength, but we cant rule out a spike to 112 from this point. Whatever the case, I expect a drop in the near future, so dont expect it to go so high.

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P3tr4 23 June

Consolidation is still going on, but the other yen pairs have started moving upwards.The usdjpy should do likewise very soon, from current price of 111.22, and movement upwards should get it closer to 111.50.

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USDJPY RISING!!

P3tr4 Posted 13 Apr. as Analysis on USD/JPY, Target: 111.5, Date: 1st of June, 12:00 GMT  in #Technical analysis #Usdjpy #USD/JPY #Market Trend #Stochastic Indicator #Monthly Chart #Currency Market #Weekly Chart
Trading concept:Stochastic indicator and price action are the only indicators used. When stochastic crosses up,we assume it is time to go long, when it crosses down we assume it is time to go short.When it crosses up above 80, it is still a good place to go long, but with caution, as such areas are overbought areas. So predictions at this point could also be bullish, but bearish predictions are a good possibility here also. Same applies for when stochastic is below 20, the trend is bearish with …
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P3tr4 28 May

Update 1:
General analysis for the dollar has been bullish, and even though it has not been a straight run for the currency, I still put the greenback as one of the currencies to gain most this year. After a high of 114, the currency market has lost a lot within the last couple of weeks. It has formed a bit of a channel and I expected a break-out upwards towards 112.
111.50 looks like a good place to hitch my tents.

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P3tr4 29 May

Update 2:
This usdjpy pair has been idling on 111.30, there has not been any serious price action either up or down. Most of the trend movement this month has been down, so a move towards the 111.00 handle is something that could happen. Volatility is currently low, so we will know better when the european and U.S markets open later in the day.

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P3tr4 30 May

Update 3:

The down trend that has marked the month of May continues to pull the usdjpy lower. After staying on the 111.00, it has finally gone below it. The monthly candle is showing possibly reversal patterns, but we can not confirm this reversal until next month. But there is a support forming at 111.00, and if it holds, then a bounce towards 111.50 could happen.

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P3tr4 30 May

Reversal patterns on monthly chart, even though stochastic indicator is still pointing to a bearish trend.

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USDJPY RISING!!

P3tr4 Posted 24 Mar. as Analysis on USD/JPY, Target: 114.5, Date: 1st of May, 12:00 GMT  in #Technical analysis #Usdjpy #USD/JPY #Market Trend #Stochastic Indicator #Monthly Chart #Currency Market #Weekly Chart
Trading concept:
Stochastic indicator and price action are the only indicators used. When stochastic crosses up,
we assume it is time to go long, when it crosses down we assume it is time to go short.
When it crosses up above 80, it is still a good place to go long, but with caution, as such
areas are overbought areas. So predictions at this point could also be bullish, but bearish
predictions are a good possibility here also. Same applies for when stochastic is below 20,
the rend is bearish wit…
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USDjpy to pick up more momentum

P3tr4 Posted 27 Feb. as Analysis on USD/JPY, Target: 123.0000, Date: 1st of April, 12:00 GMT  in #Technical analysis #Usdjpy #USD/JPY #Bulls #123
Indicators used:
Stochastics (default setting)
Bollinger bands (default setting)
I am expecting the usdjpy to continue its move upwards.
The most recent high is just under 121.
The daily chart currently shows the pair in a range, with strong bull signs.
With the stochastic indicator also crossed upwards.
The weekly chart shows the bollinger bands tightening. I am forecasting a break-out in the upward direction with 123 as a possible target.
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Bulls to take the USDJPY up!!

P3tr4 Posted 30 Jan. as Analysis on USD/JPY, Target: 120.0000, Date: 2nd of March, 12:00 GMT  in #Technical analysis #Usdjpy #USD/JPY #Bulls
time frame: daily
indicators:
Bollinger bands
Stochastic indicator
After a strong bullish move and a dip, i expect the pair to head back up to 120.
i am working with the simple principle that price is attracted to previous highs.
I am also assuming the BOJ stance of a weak yen is still in play.
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WallStreet6 avatar
WallStreet6 27 Feb.

Great analysis and what a close forecast. It can still get even closer! Good Luck!

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P3tr4 27 Feb.

Price is now about 40pips away from forecast, the yen is taking a hit and the usdjpy is going up.
120 looks like a strong possibility today.

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P3tr4 27 Feb.

There is a lot of bullish momentum on the pair, and i am fairly certain that we could go over 120 by sunday night or monday morning.

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P3tr4 27 Feb.

This is my last update for the month, with price less than 40pips away from my forecast, I think it is possible that price could go way above 120. I am counting on a very quiet monday to keep things calm, before the TA deadline.

The Japanese yen pairs are all going up across the board, it should be interesting to se how things turn out.

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P3tr4 2 Mar.

This was another good forecast, price got as high as 119.95. I am not certain where it closed by the deadline, but looks like it was within 20pips of my target. Fingers crossed..:)

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Bears to tackle usdjpy!!

P3tr4 Posted 12 Dec. as Analysis on USD/JPY, Target: 115.0000, Date: 2nd of February, 12:00 GMT  in #Technical analysis #Usdjpy #USD/JPY #Bears
The pair has done a commendable rally, but i think it is time for a long awaited correction. we can see some signs on the monthly chart( even though the month is not yet over).
Strong reversal pattern with the stochastic indicator crossing down.
we see more confirmation on the weekly charts.
strong reversal candle formation.
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Bullish USDJPY

P3tr4 Posted 15 May as Analysis on USD/JPY, Target: 103.5000, Date: 1st of July, 12:00 GMT  in #Technical analysis #Usdjpy #USD/JPY #Boj #Rising Pair
The USDJPY pair has been ranging for several weeks, i am anticipating a bounce at support and an upward break-out. My taregt zone is 103.50
I am taking this stance because of the Bank Of japan and further monetary easing steps they are likely to take to keep the yen low.
The monthly chart shows a resistance area of 105. I am taking a conservative target of 103.50, because i expect the climb to be gradual.
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