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USD/JPY pair has been trading in consolidation from past 3 months and moving in the rage of 106.669 to 108.536, The pair USD to JPY has taken support again at 106.536 which it declined today to further breakdown, its positive sign that the pair will move towards 108.536 in the ongoing week, a long position is favorably seen at 106.840 with a target of 108.536 keeping stop loss at 105.875 on daily closing basis. Technical indicator stochastic is in oversold zone and a crossover is about to happen…
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Finally back
After 2 months I started trading again this week. I‘m long on USD/JPY now waiting for the NYSE to open. Maybe buying some more after 14:30 GMT+1.
USDJPY
The USDJPY appear in a clear bearish trend ( look at the trend line ) with the RSI and CCI oscillators that confirming this trend also in the short and medium period .
A further decline appear very probable at the moment , with the 61.8% support ( Fibonacci expansion ) that could to provide some relief , one time reached of course .
A further decline appear very probable at the moment , with the 61.8% support ( Fibonacci expansion ) that could to provide some relief , one time reached of course .
USD/JPY to see further downfall. 107-108 expected
USD JPY has seen great fall since past 1 month. The trend shows clear reversal of previous uptrend on daily charts. Which is confirmed by Momentum and Moving average indicators.
Take Profit 1 : 109.70
Take profit 2 : 107.70
Stop loss : 112.90 after which it will continue uptrend.
Daily Chart: Green shows Target area
Weekly Chart : Confirms Downtrend.
Monthly Chart: Shows Uptrend Reversal on even a longer term.
Take Profit 1 : 109.70
Take profit 2 : 107.70
Stop loss : 112.90 after which it will continue uptrend.
Daily Chart: Green shows Target area
Weekly Chart : Confirms Downtrend.
Monthly Chart: Shows Uptrend Reversal on even a longer term.
After the turmoils...
After the turmoils viewed in the past days , caused by the Turkish lira (-30% in a week) , the market appear quiet today, with the Euro in recovery thank the good figure came by GDP growth in Germany . However i don't think that the storm is over, it' s better to be ready and focused on the safe haven currencies .
USDJPY - pohľad na graf
Pár USDJPY sa aktuálne pohybuje blízko rastovej trendovej línie. V prípade, že pár klesne k úrovni 110,50 zmením výhľad na klesajúci a uzatvorím svoj long, ktorý držím už nejaký ten čas v objeme dvoch milíonov. Aktuálne strácam 20 bodov.
USDJPY
USDJPY trading plan is clear for a while. I am watching with low of the month will hold or will be extended below 111.00. However, I it is expected that price will start moving to north to check high of the month, where my short loads will be prepared.
SABADO 04/08/18
Hola tod@s
Se puede apreciar en el gráfico diario del par USDJPY como el precio se soporta en la media móvil de 50 (azul) y en la de 30 (gris) y mostrando señales de bullish como bullish engulfing, three white soldier, stick sandwich y thrusting (cajas verdes).
También se puede ver como el precio cambia de polaridad en los 111.00 aprox. (linea verde) nivel que previamente a mediados de junio se encontraba en resistencia.
Creo que el precio podría alcanzar de nuevo los 113.00 aprox. niveles altos…
Se puede apreciar en el gráfico diario del par USDJPY como el precio se soporta en la media móvil de 50 (azul) y en la de 30 (gris) y mostrando señales de bullish como bullish engulfing, three white soldier, stick sandwich y thrusting (cajas verdes).
También se puede ver como el precio cambia de polaridad en los 111.00 aprox. (linea verde) nivel que previamente a mediados de junio se encontraba en resistencia.
Creo que el precio podría alcanzar de nuevo los 113.00 aprox. niveles altos…
USDJPY
USDJPY is printing small ranges. The pair has consolidated in the ascending triangle, then has broken up and returned to test the break out point. Continuation from the current level of the move up is expected. SL is 110.5, TP at 113.
The worst currencies
The worst currencies of the day are the Turkish lira and the pound . The first one pay a wrangle between Erdogan with the US president ( him again!) while pound fell after the dovish words released by the BOE 's president . From the other side there is the Yen , on which inflow the money from the risky assets, because the stock market is in deep red today. In my opinion stay long on the Yen could to be a good idea in this period .