USD/JPY : Daily Signal And Analysis from Instaforex

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Currency
Rates
EUR / USD
1.09112
USD / JPY
108.983
GBP / USD
1.23571
USD / CHF
0.96947
USD / CAD
1.39825
EUR / JPY
118.914
AUD / USD
0.6198

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zedraffi

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Technical analysis of USD/JPY for July 05, 2017



Our upside target of USD/JPY has been hit. USD/JPT is expected to trade with a bullish bias above 113.10.

Although the pair posted a pullback, a support base at 112.80 has formed and has allowed for a temporary stabilization.

Even though a continuation of consolidation cannot be ruled out, its extent should be limited.

Therefore, as long as 113.10 is not broken, look for a rebound to 113.70. A break above this level would trigger another upside to 114.00 in extension.

Alternatively, if the price moves in the opposite direction as predicted, a short position is recommended below 113.10 with a target at 112.80. Chart Explanation: The black line shows the pivot point.

The current price above the pivot point indicates a bullish position while the price below the pivot point is a sign for a short position.

The red lines show the support levels and the green line indicates the resistance level. These levels can be used to enter and exit trades.

Strategy : BUY, Stop Loss: 113.10, Take Profit: 113.70

Resistance levels: 113.70, 114.00, and 114.05

Support levels: 112.80,112.40, and 112
this is good, thanks for sharing the information
 
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A.l.i.89

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Forecast for USD/JPY on January 22, 2020

The dollar lost 30 points against the yen on Tuesday following the fall of the stock market (S&P 500) by 0.27%. The reason was a certain Chinese virus that caused the death of several people. We are very far from the perception of the local outbreak of the flu for the global epidemic, but, as it has been more than once in the last decade, pharmaceutical companies may well make a fuss and pull down markets using another cause of the disease. Today, the Chinese China A50 is down 1.21% in the Asian session, while the Japanese Nikkei225 is up 0.31%. The stability of the Japanese market helps the yen stay in the range of Fibonacci levels of 100.0-110.0% on the daily chart.



Consolidating the price under yesterday's low formally opens 108.50 at the Fibonacci level of 76.4%, but there are many obstacles to it from earlier record levels, 109.00 looks the most powerful - July 10 last year high and May 13 low. Overcoming the price peak on January 17 (110.30) may delay or stop the panic and send the price to the range of 110.83/98.



On a four-hour chart, the price is above the MACD line. Consolidating under it, which will automatically mean also consolidating below the MACD line of a higher scale, will unfold a complex, multivariant scenario of pulling down.
Yg latest takde lagi ye..
 

mazri_2008

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Fractal analysis



For the dollar / yen pair, the key levels on the scale are: 109.26, 108.83, 108.65, 108.29, 108.07, 107.87 and 107.63. Here, we determined the subsequent goals for the downward movement from the local structure on January 29. The continuation of the movement to the bottom, we expect after the breakdown of the level of 108.29. In this case, the target is 108.07. Price consolidation is in the range of 108.07 - 107.87. For the potential value for the bottom, we consider the level of 107.63. Upon reaching which, we expect a pullback to the top.

Short-term upward movement is possibly in the range of 108.65 - 108.83. The breakdown of the latter value will favor the formation of an ascending structure. Here, the potential target is 109.26.

Main trend: local descending structure of January 29

Trading recommendations:

Buy: 108.65 Take profit: 108.80

Buy: 108.85 Take profit: 109.20

Sell: 108.27 Take profit: 108.08

Sell: 108.05 Take profit: 107.88
 

MusAzriFX

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Fractal analysis



For the dollar / yen pair, the key levels on the scale are: 109.26, 108.83, 108.65, 108.29, 108.07, 107.87 and 107.63. Here, we determined the subsequent goals for the downward movement from the local structure on January 29. The continuation of the movement to the bottom, we expect after the breakdown of the level of 108.29. In this case, the target is 108.07. Price consolidation is in the range of 108.07 - 107.87. For the potential value for the bottom, we consider the level of 107.63. Upon reaching which, we expect a pullback to the top.

Short-term upward movement is possibly in the range of 108.65 - 108.83. The breakdown of the latter value will favor the formation of an ascending structure. Here, the potential target is 109.26.

Main trend: local descending structure of January 29

Trading recommendations:

Buy: 108.65 Take profit: 108.80

Buy: 108.85 Take profit: 109.20

Sell: 108.27 Take profit: 108.08

Sell: 108.05 Take profit: 107.88
Ada yang dah profit ke hari ni?
 

mazri_2008

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Forecast for USD / JPY on February 5, 2020

Due to the general pressure of the dollar and the growth of the stock market, the USD / JPY pair jumped 81 points yesterday. The dollar index, on the other hand, gained 0.12%, and an additional 1.50% on the S&P 500. Today, Nikkei225 is growing at 1.35%, and even the Chinese Shanghai Composite Index is gaining 0.45%.

We believe that optimism on the Asia-Pacific stock markets is temporary. The coronavirus itself is not so terrible as the consequences for the Chinese economy after unreasonably harsh measures to overcome its spread. According to pessimistic estimates, 2/3 of the Chinese economy is paralyzed, and the volume of bad loans is expected to increase to 6.3%. Of course, China can gloss over the following statistics, but this will not change its overall negative picture. So the January Manufacturing PMI has already shown a decrease from 51.5 to 51.1. Services PMI has worsened from 52.5 to 51.8, and on Friday the most important data on the trade balance for January will come out where the forecast for Trade Balance is 36.8 billion dollars against 46.8 billion in December



Thus, this makes the situation on the yen look shaky. The price increase up to the peak of January 17 (110.30) is corrective in nature, even if it is part of the trend movement from last August.

It is observed on the daily chart that the correctional price increase was 61.8% (in the figure, due to the overturn of the grid 38.2%). Perhaps this is where the price will unfold. But higher are the stronger resistances with the correctional level of 76.4% which is equivalent to 23.6% in the figure and at 109.90 in the MACD line. Turning the price down will once again direct the price to the area of attraction of the price channel lines and the Fibonacci reaction level of 123.6% at 107.85.


Price-fixing below the MACD line of 109.20 on the four-hour chart, will be a sign of the development and strengthening of the falling scenario. At the moment, the situation is neutral.
 

mazri_2008

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Simplified wave analysis

Analysis:

The trend direction of the Japanese currency since August last year looks at the "north" of the chart. On January 8, its last section started and the first parts (A-B) are completed in the movement structure. When the final rise is formed, the price approaches the strong resistance of a large TF.

Forecast:

It is unlikely that the price today will be able to break through a strong counter level without stopping. Most likely, after contact with the resistance zone, the price will lie in the "sideways" or begin to roll back down to the support zone. A breakthrough beyond the settlement zones is not expected today.

Potential reversal zones

Resistance: - 110.20/110.50

Support: - 109.60/109.30

Recommendations:

Selling a pair today can be very risky. It is recommended to refrain from entering the yen market until clear signals appear to buy the instrument.

 
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