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USDJPY MAY GO NOWHERE

Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, Ellipse.
USDJPY Weekly Chart
  • The MACD on the weekly chart is in the positive zone.
  • The RSI is falling.
  • The Stochastics is turning up.
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USDJPY MAY FALL IN COMING DAYS

Technical Tools
Resistance and support lines, Trendlines, Price action, Candlestick Pattern, MACD, RSI, Ellipse.
USDJPY Weekly Chart
  • The MACD on the weekly chart is in the positive zone.
  • The RSI is rising.
The pullback seems to be strong as the weekly candle is an engulfing bearish candle. Keeping these facts in mind the pair may see a down move in coming weeks but it will be restricted by the rising trendline.
USDJPY Daily Chart
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UPDATE-6
The previous buying was not limited to the short covering but also buyers were involved and pair reached till falling trendline before getting rejected. From here if we have to reach target of 111.90 then we have two rising trendlines as hurdles. let us see if some magic happens in the next week.

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UPDATE-7
The pair is hovering around 113.00 levels. Currently trading at 112.97. The indicators on the 4H chart are looking positive and there is nothing much to say. I was expecting a fall but indicators are not in line.

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UPDATE-8
The pair has made an intraday low at 112.47 levels. Currently trading at 112.60. The indicators on the Daily chart are looking negative. I expect a further drop in the price. If it breaks today's low on Monday then it can test the 112.00 levels also. Nearer to 112.00, better for our prediction.

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UPDATE-9
The pair closed the week on Friday at 112.65. It has managed to close below the short-term rising trendline. If it breaks the low of Friday at 112.47 then we can see the level of 112.00 next week. Indicators are supporting the down move next week.

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UPDATE-10
The pair was very close to our target price of 111.90. It was around 112.23 at 1200 GMT. I don't know the exact price but I am sure that next time I will have a better accuracy. Today it looks like the pair may break 112 levels.

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04052017 | USDJPY SELL TRADE

Hello fellow members,

USDJPY
has got rejected at the falling trendline on the daily chart. I am selling the pair at the break of today's low and will keep a stop loss 10 pips above days high at 113.04. I will be targeting 110.50 and 109.00.
The following chart tells the entire story in a graphical manner.
USDJPY DAILY CHART
Happy trading to all .
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01052017 | USDJPY A GOOD SELL

Hello all,
A selling opportunity may emerge in USDJPY in this week. The following chart explains everything. The idea is to wait for the bearish price action near falling trendline or the horizontal trendline.

USDJPY DAILY CHART

Happy Trading to all.
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USDJPY MAY SEE A PUSH TILL RECENT HIGHS

Technical Tools
Resistance and support lines, Trend lines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, ellipse.
USDJPY Weekly Chart

  • The MACD on the weekly chart has entered the positive zone. The histogram suggests the buyers taking control of the market.
  • The RSI is turning up.
  • The Stochastics is turning up.
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02-02-2017 | USDJPY TRADE UPDATE

Hello my fellow community members,
This post is an update to my yesterday's blog entry regarding the USDJPY SELL TRADE . We had sold the pair with stop-loss above 113.66 and target at 112.35. The target has been achieved today. The trade ended with 89 pips profit.
USDJPY HOURLY CHART
From the chart it seems like one may get another opportunity to enter this sell trade near 113.00 levels. Stop-loss needs to be kept above the falling trendline.
Happy trading to all.
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01-02-2017 | USDJPY SEEMS GOOD SELL FOR INTRADAY

Hello my fellow community members,
Today we have encountered the USDJPY. It looks like a good sell on the Hourly chart. I have placed sell orders below 113.24 for intraday with the stop loss at 113.66 and TP at 112.35. Falling trend line will be a good resistance forcing the price to break below.
USDJPY 1H CHART
Any comments or suggestions about the setup are welcome.
Happy trading to all.
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Train avatar
Train 1 Feb.

hello

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20 FEB 17 | USDJPY SELL ENTRY

Hello fellow community members,
Today I have taken a short position in USDJPY as I sensed weakness in the pair on 30 Min time frame. Position is intraday.
Stochastic, CCI, RSI and MACD, all indicators are in sell mode.
I expect the price to take support near 113.65 levels.
Happy trading to all.
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USDJPY will be under pressure

Technical Tools
Resistance and support lines, Trend lines, Price action, Candlestick Pattern, MACD, RSI, Simple Moving Average and Stochastic Fast Indicator, Rectangle
USDJPY Weekly Chart
  • The MACD on the weekly chart has entered the positive zone. The histogram suggests the mixed scenario as the histogram is positive but MACD is falling.
  • The RSI is at 57.19 and headed downward.
  • The Stochastics is headed South.
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Elens94 avatar
Elens94 18 Jan.

good!

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5 JAN 17 USDJPY | TRENDLINE BREAK

Hello, fellow traders and community members. After a long rally, we have today witnessed a price action in this pair that hints about US Dollar weakness ahead. A daily close below 114.80 will confirm the downtrend.
Or if one finds the price near 116 levels then it will be a good opportunity to sell the pair. Otherwise one can also wait for a daily candle close below 114.85 for confirmation.
USDJPY 4H CHART
Any comments or suggestions about the setup are welcome.
Happy Trading to all.
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