USD/JPY
Mitglied seit Oct 02, 2014
909 Posts
May 17, 2016 at 14:24
Good move to the upside, i'm long now.
Positivity
Mitglied seit Mar 28, 2016
93 Posts
May 27, 2016 at 20:25
The USDJPY was indecisive yesterday. The bias is neutral in nearest term and we need a clear break from the range area as you can see on my H1 chart below to see clearer direction. Buy around 109.10 or sell around 110.65 with a tight stop loss seems to be the most reasonable trading plan for now. A clear break and daily/weekly close below 109.10 could trigger further bearish pressure next week testing 108.00 or lower. On the other hand, a clear break and daily/weekly close above 110.65 could trigger further bullish pressure testing 111.90 region.
Mitglied seit Mar 28, 2016
93 Posts
May 31, 2016 at 07:18
The USDJPY continued its bullish momentum yesterday topped at 111.44. The bias remains bullish in nearest term testing 111.90 as a part of the bullish phase after the break above the range area as you can see on my H1 chart below. Immediate support is seen around 110.65. A clear break below that area could lead price to neutral zone in nearest term as direction would become unclear.
Mitglied seit Mar 28, 2016
93 Posts
Jun 01, 2016 at 08:13
The USDJPY failed to continue its bullish momentum yesterday and slipped below 110.65 key support as you can see on my H1 chart below. The bias is neutral in nearest term but as long as stay above the EMA 200 I still prefer a bullish scenario at this phase targeting 111.90 region. Immediate support is seen around 110.20. A clear break and daily close below that area could trigger further bearish pressure testing 109.00 region.
Mitglied seit Oct 02, 2014
909 Posts
Jun 05, 2016 at 15:50
Big drop.
Positivity
Mitglied seit Mar 28, 2016
93 Posts
Jun 06, 2016 at 07:09
The USDJPY had a strong bearish momentum last week bottomed at 106.51. The bias is bearish in nearest term testing 106.00 – 105.50 which is a good place to buy with a tight stop loss. Immediate resistance is seen around 107.70. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear.
Mitglied seit Oct 11, 2013
775 Posts
Jun 08, 2016 at 23:49
The USDJPY drops below the 107.00 level and if the bearish momentum comes in again, then the pair may go and visit the low at the 105.52 zone.
Mitglied seit Mar 28, 2016
93 Posts
Jun 13, 2016 at 06:37
The USDJPY attempted to push higher last week topped at 107.90 but whipsawed to the downside, closed lower at 106.90 and hit 106.06 earlier today. The bias is bearish in nearest term testing 106.00 – 105.50 area which is a good place to buy with a tight stop loss. Immediate resistance is seen around 106.85. A clear break above that area could lead price to neutral zone in nearest term testing 107.25 or higher.
Jul 03, 2016 at 17:13
The most probable movement of the USD/JPY is falling to the 100.00-101.00 zone, and as a major resistance level will perform the 103.50 zone. An alternative view - the possible growth of the pair to the level of 106.30. At the same time, we must remember that the USD/JPY is now at Pivot Point level of the first half of 2014 year, and perhaps for some time it will follow along this line.
Mitglied seit Oct 11, 2013
775 Posts
Jul 05, 2016 at 05:31
The USD/JPY has pulled back to the 103.00 level and bounces to the downside from there. The bearish momentum may continue towards the 100 level.
Jul 05, 2016 at 08:28
The US dollar remarked modest decrease against the Japanese Yen on Monday. The pair remained almost unchanged and lost only 7 pips. The graphics continue to develop under moving averages, while the index of relative strength remain on neutral territory. The outlook remains neutral in the short term, levels at 101.20 and 103.70 retain their key role.
Mitglied seit Sep 28, 2015
34 Posts
Jul 06, 2016 at 05:27
What do you at these levels of USD/JPY ??? Is intervention sure not a verbal that has counter productive so far. At the time of writing it is at 100.90 and next support observe at 100.50 ahead of 98.78. Resistance is unchanged at 103.50 /60. Kuroda will speak tomorrow.
Jul 06, 2016 at 08:02
Way2Riches posted:They have tried the verbal way since the pair was around 105. And while they may not rush to act, they surely have to make good on something to save the export. Export feel -11.3% in May, and -10.1%. And the May low was 105.52. We expect more fall as it hit a new low levels in June and July. Nikkei have fallen over 20% YTD. We could certainly see some desperation to save the economy.
What do you at these levels of USD/JPY ??? Is intervention sure not a verbal that has counter productive so far. At the time of writing it is at 100.90 and next support observe at 100.50 ahead of 98.78. Resistance is unchanged at 103.50 /60. Kuroda will speak tomorrow.
Mitglied seit Sep 28, 2015
34 Posts
Jul 06, 2016 at 11:07
stian posted:Way2Riches posted:They have tried the verbal way since the pair was around 105. And while they may not rush to act, they surely have to make good on something to save the export. Export feel -11.3% in May, and -10.1%. And the May low was 105.52. We expect more fall as it hit a new low levels in June and July. Nikkei have fallen over 20% YTD. We could certainly see some desperation to save the economy.
What do you at these levels of USD/JPY ??? Is intervention sure not a verbal that has counter productive so far. At the time of writing it is at 100.90 and next support observe at 100.50 ahead of 98.78. Resistance is unchanged at 103.50 /60. Kuroda will speak tomorrow.
If USD/JPY set on a natural course then below 100 is inevitable to reach post brexit low at 98.78 and further. However there might something to do by Kuroda when it pass 100. We know market is tired of verbal threats. Yes Japan desperately needs to boost economy by weak Yen and investors demands safe haven.
Jul 06, 2016 at 13:25
(bearbeitet Jul 06, 2016 at 13:27)
Way2Riches posted:Obviously we can't be sure how they will act, but timing wise it is the perfect time if they ever want to expand as many central banks are considering to expand their stimulus programs or cut their rates because Brexit.stian posted:Way2Riches posted:They have tried the verbal way since the pair was around 105. And while they may not rush to act, they surely have to make good on something to save the export. Export feel -11.3% in May, and -10.1%. And the May low was 105.52. We expect more fall as it hit a new low levels in June and July. Nikkei have fallen over 20% YTD. We could certainly see some desperation to save the economy.
What do you at these levels of USD/JPY ??? Is intervention sure not a verbal that has counter productive so far. At the time of writing it is at 100.90 and next support observe at 100.50 ahead of 98.78. Resistance is unchanged at 103.50 /60. Kuroda will speak tomorrow.
If USD/JPY set on a natural course then below 100 is inevitable to reach post brexit low at 98.78 and further. However there might something to do by Kuroda when it pass 100. We know market is tired of verbal threats. Yes Japan desperately needs to boost economy by weak Yen and investors demands safe haven.
Jul 07, 2016 at 01:10
(bearbeitet Jul 07, 2016 at 01:11)
Not as agreesive as I would've hoped, but: 'Bank of Japan Governor Haruhiko Kuroda said on Thursday the central bank is ready to take additional monetary easing steps if needed' (Reuters). So certainly still on the cards for next BoJ meeting.
