will USD/JPY stop now?

Discussion in 'Technical Analysis' started by RorEd, Dec 4, 2014.

  1. March

    March Banned

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    The USD/JPY pair just started go up. I think there will be a pivot again about 119.15. So best thing to do for now is to open a buy at 118.60, close the deal at 119.10, set stop-loss at 118.50.

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  2. Steve Lock

    Steve Lock Active Trader

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    My preferences for today are to go long above 119.6 with a target at 120.5 and stop ;oss at 119.4.
     
  3. March

    March Banned

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    I guess the chart will go down since then for a little while, I'm not sure it can break the supportive level of 119.05 though. I'm going to open a sell at 119.90 with target at 119.35 and stop-loss at 119.20.

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  4. Steve Lock

    Steve Lock Active Trader

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    Market should not go lower than 119.09 - 118.78. After this move down it should go up to 119.59 - 119.78 area.
     
  5. Steve Lock

    Steve Lock Active Trader

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    I believe the pullbacks should offer plenty of support near the 120.75 level, so really at this point in time { have no intentions whatsoever of selling this particular currency pair. Ultimately, I believe that this pair goes to the 125 level and beyond.
     
  6. March

    March Banned

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    The USD/JPY pair goes higher and higher and looks like it won't stop at least today. I'm certainly going to play long at this market.

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  7. Dmitriy Enrst

    Dmitriy Enrst Active Trader

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    122.10 level was broken and this fact suggests that the upward trend would develop. The purpose of the bulls to test the resistance of 124.10.
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  8. March

    March Banned

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    USD/JPY always gives great opportunities to bears as well as to bulls. Today I'm going to open a sell here at the 123.57 level and close the deal at 123.10.

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  9. March

    March Banned

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    The USD/JPY continues going up and I expect the pivot will happen at about 124.40. It definitely won't break the resistance level.

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  10. garena

    garena Active Trader

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    Do you have a myfxbook link? It would be easier for me to track your performance.
     
  11. Dmitriy Enrst

    Dmitriy Enrst Active Trader

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    If the pair losses 122.70 support, there will be downward trend. You had better not trade for a while. It's difficult now to understand where the price will go.
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  12. Dmitriy Enrst

    Dmitriy Enrst Active Trader

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    The pair continues to go to 125.00 level. But you shouldn’t buy it now, because price is near strong 124.60-125.00 level, so it may go down. I’m waiting it at 123.50 and 123.00 area for buying. I don’t want to sell it.
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  13. Dmitriy Enrst

    Dmitriy Enrst Active Trader

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    The USD/JPU finally was able to break through the strong psychological resistance level at around 125,10 and close the day above this level, it now acts as a support... I expect the upward movement will continue in the area 126, but it also can roll back to the level 124.85.
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  14. Dmitriy Enrst

    Dmitriy Enrst Active Trader

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    As expected, yesterday the currency pair USD/JPY got out of the triangle in the South by breaking 80 points during the session, that is a good result for it in recent times! Today the pair is going through correction and tries to overcome resistance level 123.98, and if it gets above 124.00,you ned to buy to the resistance level 124.28. Indicators hint at the possibility of buying a pair. Support levels for today - 123.48 and 123.18.
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  15. Dmitriy Enrst

    Dmitriy Enrst Active Trader

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    The fifth week in run, the US dollar has been falling against the yen, approaching the lower border of the rising channel 116.60. As long as trade is within the channel, trend remains bullish in the medium term.
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  16. Dmitriy Enrst

    Dmitriy Enrst Active Trader

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    Today on the chart of the currency pair USD/JPY we can see how it has reached the upper border of the trade channel, but failed to pass it, and indicators show us that the pair can now be sold to the support levels 119.89 and 119.40 and we can close positions. Buying should be considered at these levels of support, because with a high probability it will retreat to the north.
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  17. Dmitriy Enrst

    Dmitriy Enrst Active Trader

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    The pair is being traded with growth from the sloping support line, as long as inclined line is held, growth scenario remains in force. Resistance level is 119.90. Support level is 119.20, if it is broken, the pair may fall from it to the support level 118.55 and then set up a trend.
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  18. Saska

    Saska Trader

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    Quotes drew a double bottom. To start working off his pair should break the resistance 118.25.
     
  19. Saska

    Saska Trader

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    Not yet reached the quotes to 116.00 resistance. It may even go there. The alternative, reversal and decline to previous lows.
     
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