USD/JPY ANALYSIS

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Manss
Join date: 2016.02.28
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#1
Well, the asset moves as I’ve predicted. I think that I can earn even more on USD/JPY! Definitely, the show must go on =) 
Timothy7
Join date: 2015.08.24
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#2

I think that usd/jpy asset will go down.

 

theNews
Join date: 2012.10.01
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#3

USD/JPY: Buck Steps From 3-Wk High, Rests After Powerful Run

The greenback was trading with modest losses against the Japanese yen in the afternoon, snapping its impressive two-day leap worth almost 500 pips.

As a result, the USD/JPY hit a three-week high at ¥104.98 on Tuesday, fueled by hopes of further fiscal and monetary stimulus by the Japanese government after Prime Minister Shinzo Abe confirmed his position in the election over the weekend.

"Prime Minister Shinzo Abe's party's comprehensive win in the upper house elections over the weekend have markets salivating, as talk of a massive stimulus dominates the news wires," senior economist Tom Kenny of ANZ said in a note.

On Wednesday, the pair gave up 0.58% to ¥104.06, while the US dollar index lost 0.37% to 96.16 points during US market hours.

whisperer
Join date: 2014.04.15
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#4
Heading up again. That was just a correction
Manss
Join date: 2016.02.28
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#5
I think that the price will reach106,7 level. After that, the price will gо to the level of 105,3 or further.
mlawson71
Join date: 2015.12.11
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#6
It's still bullish, I think it might reach 107.70 before it starts falling again.
dianajs
Join date: 2015.12.09
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#7
The pair is moving to the downside and I doubt that drop will end before USD/JPY reaches 105.30, or it might even reach 104.60, which is (EMA)89 on the four-hour time frame.
whisperer
Join date: 2014.04.15
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#8
It is up 7% in the last couple of weeks. And it will not stop
mlawson71
Join date: 2015.12.11
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#9
USD/JPY reached the support at 104.00 and rebounded from it, forming a spinning top candlestick above that level. I think we might see it climb towards 104.90 next.
mlawson71
Join date: 2015.12.11
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#10
Not only did it reach 104.90 but it climbed much higher than that level. Right now is quite undecided though, since traders are waiting for the news FED news later today.
whisperer
Join date: 2014.04.15
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#11

statement of the year :

Algorithmic platforms are being partly blamed for the Yen moves, according to traders who declined to be identified because they aren't authorized to speak publicly.
Timothy7
Join date: 2015.08.24
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#12

I thought the price would be more dynamic, but now it moves very inertly. I expected more.

 

mlawson71
Join date: 2015.12.11
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#13
Next target is 100.00 again, at the very least.
willyw
Join date: 2016.05.02
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#14

Weekly US Dollar / Japanese Yen-USDJPYAs of 29/07/16

 

A big bearish black candle has formed. Prices closed considerably lower than open. If the candle appears when prices are "high," it may be the first sign of a top. If it occurs when prices are confronting an overhead resistance area, a moving average, trend line, or price resistance level, the long black candle adds credibility to the resistance. Likewise, if the candle appears as prices break below a support area, the long black candle confirms the failure of the support area.

The previous 10 candlestick bars, there are 5 white candles versus 5 black candles.

The previous 50 candlestick bars, there are 24 white candles versus 26 black candles with a net of 2 black candles.

A engulfing bearish line has formed where a black candle's real body completely contains the previous white candle's real body. The engulfing bearish pattern is bearish during an uptrend. It signifies that the momentum may be shifting from the bulls to the bears. 

If the engulfing bearish pattern occurs during a downtrend (which is the case with US Dollar / Japanese Yen), it may be a last engulfing bottom which indicates a bullish reversal. The test to see if this is the case is if the next candle closes above the bottom the current (black) candle's real body.MACD is BEARISH as the MACD is below the signal line.

 The MACD crossed below the signal line 33 week(s) ago.  Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 15.67%, and has been fluctuating from a high of 123.538 to a low of 99.075.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

 No Stochastic Buy or Sell signals generated today. The last signal was a Buy 10 Week(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Buy  2 week(s) ago.

 

Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen are not diverging.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.

 

 The last Directional Movement Indicators (DMI) signal was a SELL 48 week(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell 6 week(s) ago.

The close is currently

BELOW its 200 weekly moving average

BELOW its 50 weekly moving average

BELOW its 20 weekly moving average

  The current market condition for US Dollar / Japanese Yen is Very Bearish

US Dollar / Japanese Yen closed above the lower Bollinger Band by 14.1%.  Bollinger Bands are 40.94% wider than normal. 

 

fxstrategist
Join date: 2014.04.10
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#15
The USDJPY breaks below the 103.00 level and it may continue dropping to the 100 level.