Klimov Posted June 25, 2015 Report Share Posted June 25, 2015 On Tuesday American dollar was stronger than its rivals, including Japanese yen. USD could break 123.35 resistance area and reach 124.18 level. Thus, a rollback is unlikely to appear here. http://i11.pixs.ru/storage/0/1/6/USDJPYH1pn_7075675_17793016.png Quote Link to comment Share on other sites More sharing options...
Klimov Posted August 6, 2015 Author Report Share Posted August 6, 2015 The pair has rebounded from the upper border of the rising channel and is trying to go for a correction to the support levels 124.62 and 124.24, as is told by indicators in the overboughtness area. Consider the possibility of sale regarding this pair. Today resistance levels are located at the marks above 125.23 and 125.60 above the trading channel. http://i11.pixs.ru/storage/9/6/5/USDJPYH4pn_6218539_18304965.png Quote Link to comment Share on other sites More sharing options...
SBlack Posted September 28, 2015 Report Share Posted September 28, 2015 Support shows at 120.02 initially, below which can see a move back to trendline support at 119.31/22, where we would look for a fresh hold. Direct capitulation though can see the range resolved lower for the early September low at 118.65, ahead of 118.29/26. Beneath can mark a more important break lower for 117.35, then 116.15. Quote Link to comment Share on other sites More sharing options...
SBlack Posted September 29, 2015 Report Share Posted September 29, 2015 The USD/JPY pair fell during the day on Monday, as we continue to bounce around the 120 handle. There is a larger triangle or wedge pattern if you will, and as a result we believe that this market will simply continue to go sideways in general. Having said that, we would anticipate that the buyers should return to the marketplace here and the next session or so, and as a result we are short-term buyers on supportive candles off of the short-term charts. Quote Link to comment Share on other sites More sharing options...
SBlack Posted September 30, 2015 Report Share Posted September 30, 2015 Range trading continues in USD/JPY between 118.58/121.62. Intraday bias remains neutral for the moment. On the upside, break of 121.62 will extend the rebound from 116.13 and target 125.27/85 resistance zone. We'd cautious on strong resistance from there to bring reversal. Quote Link to comment Share on other sites More sharing options...
Klimov Posted October 5, 2015 Author Report Share Posted October 5, 2015 The pair is traded at 120.10 resistance level, a sloping resistance line. From it the pair can drop to the support level of 119.50, and lower in the event of breaking a support level of 118.60. This drop is possible as long as a sloping resistance line is being held. http://i10.pixs.ru/storage/5/9/3/USDJPYH1pn_4762423_19027593.png Quote Link to comment Share on other sites More sharing options...
Klimov Posted October 28, 2015 Author Report Share Posted October 28, 2015 Yesterday the pair USD/JPY had been moving in the south direction again , having passed 93 points for the trading session. At present, the pair is traded in the 120th figure in the area between the support levels 120.07 and 119.65 and resistance levels and 120.58 and 121.00. Buying a pair now can be considered if it passes the resistance level at 121.58. Sell the pair below the support level 120.07. http://www.imageup.ru/img225/2263644/usdjpyh1.png Quote Link to comment Share on other sites More sharing options...
Klimov Posted November 3, 2015 Author Report Share Posted November 3, 2015 Over the yesterday's trading session the currency pair USD/JPY had been moving in northern direction in the range of 120.24 - 120.80, and now the H1 chart clearly shows that it jumped from the upper border of the descending channel and , according to the indicators we need to sell it to support levels 120.59 and 120.38. Buying to the resistance levels will be possible if the pair gets above the upper border of the channel. http://www.imageup.ru/img271/2268434/usdjpyh1.png Quote Link to comment Share on other sites More sharing options...
SBlack Posted November 19, 2015 Report Share Posted November 19, 2015 We believe the pullbacks should be buying opportunities though, and that’s what we will look for. On the other hand, if we could break above the 125 handle, the market would be free to go much higher. Between here and there, expect a lot of resistance, so having said that we are buyers on pullbacks but will have to be very patient at this point in time. The interest-rate differential should continue to spread between the United States and Japan. This of course should drive the pair higher given enough time. Quote Link to comment Share on other sites More sharing options...
SBlack Posted November 20, 2015 Report Share Posted November 20, 2015 Below the 13-day average and price support at 122.62/58 can see a retreat back to 122.39, but with a break of 122.22 needed to warn of a top and a deeper retracement lower to 121.52/50. Quote Link to comment Share on other sites More sharing options...
SBlack Posted November 24, 2015 Report Share Posted November 24, 2015 In the bigger picture, the consolidation pattern from 125.85 medium term could still expect as a sideway pattern. Thus, there might be strong resistance around 125.85 to limit upside and bring another decline. In that case, we'll likely see strong support between 115.55 and 38.2% retracement of 101.08 to 125.85 at 116.38 to contain downside. Nonetheless, decisive break of 125.85 will confirm up trend resumption. Quote Link to comment Share on other sites More sharing options...
SBlack Posted November 26, 2015 Report Share Posted November 26, 2015 The USD/CAD pair initially tried to rally during the course of the session on Wednesday, but turned back around to form a bit of a shooting star. If we break down below the bottom of the shooting star, we should then reach towards the 1.32 level, but ultimately we have a bit of hesitation when it comes to selling this market. We believe that it’s only a matter of time for go higher and would go long on a supportive candle were break above the top of the shooting star that form during the day on Wednesday. Quote Link to comment Share on other sites More sharing options...
Klimov Posted December 9, 2015 Author Report Share Posted December 9, 2015 Yesterday's trading session the currency pair USD/JPY spent in the range of 123.40 - 122.73, and at the moment we can see that it is located between the resistance levels 123.02 and 123.31 and support levels at 122.64 and 122.35. Today we may try to Buy above the resistance level 123.02. Sales are enabled if the pair overcomes yesterday's low http://www.imageup.ru/img95/2298300/usdjpyh1.png Quote Link to comment Share on other sites More sharing options...
SBlack Posted December 21, 2015 Report Share Posted December 21, 2015 In the bigger picture, the consolidation pattern from 125.85 medium term top is still in progress. In case of deeper fall, we'd expect strong support between 115.55 and 38.2% retracement of 101.08 to 125.85 at 116.38 to contain downside. An eventual break of 125.85 is still anticipated at a later stage. Quote Link to comment Share on other sites More sharing options...
SBlack Posted December 22, 2015 Report Share Posted December 22, 2015 The USD/JPY pair went back and forth during the course of the day on Monday, hovering around the 121 handle. While the candle does look a bit negative, the reality is that there is a significant amount of support just below, so it’s hard to imagine that the pair is going to break down drastically from here. Because of this, we believe that eventually this pair will bounce but we obviously don’t have a supportive enough candle to start buying. We would of course go long if we can break above the 121.50 level, as it would show a pickup in upward momentum. Quote Link to comment Share on other sites More sharing options...
SBlack Posted December 23, 2015 Report Share Posted December 23, 2015 We'd expect strong support from 61.8% retracement of 118.05 to 123.74 at 120.22 to contain downside and bring rebound. At this point, we'd slightly favor the case for rise from 116.13 to extend towards 125.27/85 resistance zone. Quote Link to comment Share on other sites More sharing options...
SBlack Posted December 24, 2015 Report Share Posted December 24, 2015 The USD/JPY pair did very little during the day on Wednesday, as we continue to hover just above the 120.50 level. That’s the area where significant noise begins all the way down to the 118.50 level. At this point in time, a supportive candle between here and there would be reason enough to start buying, and as a result we are simply on the sidelines and waiting for that buying opportunity going forward. Quote Link to comment Share on other sites More sharing options...
Klimov Posted January 13, 2016 Author Report Share Posted January 13, 2016 At the moment we can clearly see that the currency pair USD/JPY moved beyond the descending trading channel to the north and is traded above the resistance level of 118.06. The indicators hint at the possibility of buying the pair to the resistance level of 118.48, where we are to look for the entry point into sale. Support levels today - 117.64 and 117.22. http://www.imageup.ru/img157/2322591/usdjpyh1.png Quote Link to comment Share on other sites More sharing options...
SBlack Posted January 28, 2016 Report Share Posted January 28, 2016 Our preference: long positions above 118.35 with targets @ 119.1 & 119.5 in extension.Alternative scenario: below 118.35 look for further downside with 118 & 117.6 as targets.Comment: the RSI is well directed. Quote Link to comment Share on other sites More sharing options...
Klimov Posted February 5, 2016 Author Report Share Posted February 5, 2016 The USD/JPY declines during fourth consecutive trading session, but rebounded yesterday from the lower limit of the downward trading channel on the chart of H1. Now we can see flat trend in the area between the resistance levels 117,16 and 117,81 and supports at the marks 116,10 and 115,45. We should buy the pair above the resistance level 117,16 and sale if the pair goes beyond the trade channel to the South. http://www.imageup.ru/img127/2343870/usdjpyh1.png Quote Link to comment Share on other sites More sharing options...
SBlack Posted February 21, 2016 Report Share Posted February 21, 2016 In the bigger picture, price actions from 125.85 medium term top is developing into a deeper correction. Further fall would be seen to 38.2% retracement of 75.56 (2011 low) to 125.85 at 106.63 and possibly below. Quote Link to comment Share on other sites More sharing options...
SBlack Posted February 23, 2016 Report Share Posted February 23, 2016 Below 110.98 will extend the fall from 125.85 and target long term fibonacci level at 106.63. Though, firm break of 115.96 will indicate near term reversal and bring stronger rise back to retest 125.85 high. Quote Link to comment Share on other sites More sharing options...
SBlack Posted February 24, 2016 Report Share Posted February 24, 2016 Intraday bias in USD/JPY remains neutral for the moment as consolidation pattern from 110.98 might extend. In case of another rise, we'd expect upside to be limited by 115.96 support turned resistance and bring fall resumption. Quote Link to comment Share on other sites More sharing options...
SBlack Posted February 25, 2016 Report Share Posted February 25, 2016 Below 110.98 will extend the fall from 125.85 and target long term fibonacci level at 106.63. Though, firm break of 115.96 will indicate near term reversal and bring stronger rise back to retest 125.85 high. Quote Link to comment Share on other sites More sharing options...
SBlack Posted March 4, 2016 Report Share Posted March 4, 2016 In the bigger picture, price actions from 125.85 medium term top is developing into a deeper correction. Further fall would be seen to 38.2% retracement of 75.56 (2011 low) to 125.85 at 106.63 and possibly below. Quote Link to comment Share on other sites More sharing options...
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