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gandra
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Number of messages : 3636
Points : 7632
Date of Entry : 2013-01-13
Year : 47

USD vs JPY

on Mon Dec 04, 2017 5:50 pm
USD/JPY : Under these resistances, a consolidation is likely
Date of analysis 04 December 17

INDICATOR

  • Opinion Short Term Negative
  • Resistance 1 114.49JPY
  • Support 1 109.76JPY
  • Opinion Mid Term Bearish
  • Support 2 108.81JPY
  • Resistance 2 115.44JPY


STRATEGY
Below 114.49 JPY the major trend remains bearish 109.76 JPY and then 108.81 JPY are in the line of sight. The surpassing of 114.49 JPY would cancel this anticipation and favor a recovery toward 115.44 JPY.

SUMMARY
The MACD is negative and lower than its signal line. This configuration is damaging the cross perspectives. The RSI is not yet indicating an oversold situation, so a continuation of the fall is technically possible. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is oriented to the downside. It is under its 50-day moving average located at 112.81. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 109.76 JPY and the next is at 108.81 JPY; the resistances, located at 114.49 JPY and at 115.44 JPY must be exceeded for the trend to undergo a reversal.
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dzonefx
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Date of Entry : 2013-01-29
Year : 47
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Re: USD vs JPY

on Wed Dec 06, 2017 7:51 am
USD-JPY : Negligible risk in the medium term
Date of analysis 06 December 17

INDICATOR
Opinion Short Term Neutral
Resistance 1 115JPY
Support 1 110.77JPY
Opinion Mid Term Bearish
Support 2 109.92JPY
Resistance 2 115.85JPY

STRATEGY
As long as 109.92 JPY remains a support, the movement may join 115 JPY over the short term. The breaking of 109.92 JPY would invalidate this opinion and open the door for 108.23 JPY.

SUMMARY
The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The RSI is above 50, this confirms the sound positioning of the cross The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
Since the recent low at 111.09 JPY the cross has been in a phase of technical recovery towards its 50-day moving average located at 112.83: the price reaction on this level will allow us to envisage a continuation of the movement in the medium term. To alleviate this position, we could wait to test the short-term resistances located at 115 JPY and 115.85 JPY. The supports are at 110.77 JPY then at 109.92 JPY .




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dzonefx
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Re: USD vs JPY

on Thu Dec 07, 2017 9:05 am
USD-JPY : Possible pull back on supports
Date of analysis 07 December 17

INDICATOR
Opinion Short Term Positive
Resistance 1 114.73JPY
Support 1 110.82JPY
Opinion Mid Term Bearish
Support 2 109.25JPY
Resistance 2 115.52JPY

STRATEGY
Above 109.25 JPY the USD-JPY is heading toward 114.73 JPY over the short term. Below 109.25 JPY the movement would reverse and then correct toward 108.46 JPY.

SUMMARY
The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The main indicator of the movement's strength (RSI) shows that the technical situation is quite healthy, as it is not overbought. The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is oriented to the downside. It is under its 50-day moving average located at 112.82. The 20-day moving average (lower than the 50-day moving average) is maintaining the prices under medium-term sell pressure. Our first support is at 110.82 JPY and the next is at 109.25 JPY; the resistances, located at 114.73 JPY and at 115.52 JPY must be exceeded for the trend to undergo a reversal.




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ForexSRB
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Re: USD vs JPY

on Fri Dec 08, 2017 7:48 am
USD-JPY : The analysis does not suggest a drop in the medium term
Date of analysis 08 December 17

INDICATOR
Opinion Short Term Neutral
Resistance 1 114.65JPY
Support 1 110.08JPY
Opinion Mid Term Neutral
Support 2 109.32JPY
Resistance 2 115.41JPY

STRATEGY
As long as 109.32 JPY remains a support, the movement may join 114.65 JPY over the short term. The breaking of 109.32 JPY would invalidate this opinion and open the door for 107.8 JPY.

SUMMARY
The MACD is negative but is situated above its signal line: the trend is changing. Now, the MACD must clear zero for the rise to continue in the coming days. The RSI is above 50, this confirms the sound positioning of the cross The Stochastics indicators are not giving any clear signals for the coming days. The volumes traded are more than the average volumes over the last 10 days.

MOVEMENTS AND LEVELS
The cross is in a phase of technical recovery. It is above its 50-day moving average but the latter is poorly positioned. In the event of a correction, the first support is at 110.08 JPY, before a test of 109.32 JPY in the case of a breach. To the upside, the resistance at 114.65 JPY is intermediary before the strong level of 115.41 JPY.




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