USD/JPY Analysis

[SBlack]

Break of 115.96 support turned resistance is needed to be the first sign of completion of the correction. Consolidation of the downtrend from 123.75, further decline to 105.00 area is still possible after consolidation.

[SBlack]

We suspect that the market will rebound today, but is likely to meet initial resistance at 113.04 the 20 day ma and remain capped by the short term resistance line at 114.22. Below 110.00 will see the 106.63/38.2% retracement of the move up from 2012 re-engage.

[SBlack]

As the greenback has retreated after intra-day rise to 113.01, suggesting minor consolidation below this level would be seen and test of 112.29 support cannot be ruled out, however, reckon downside would be limited to 111.95-00 and bring another rise later, above said resistance would extend the rise from 110.67 low to 113.20-25 and later towards 113.50 but near term overbought condition should limit upside and price should falter below strong resistance at 113.82.

[SBlack]

The greenback has remained confined within near term established range and further sideways trading above yesterday's low of 112.02, although test of 112.65-70 cannot be ruled out, reckon upside would be limited to the upper Kumo (now at 112.91) and price should falter well below 113.40-50, bring further choppy trading later.

[Ollik]

I suppose that the price will turn after reaching the 103,49 level.http://image.prntscr.com/image/305f290960ed41bea16fc4c99df0f40c.jpg

[Ollik]

I think that the USD/JPY asset would renew its minimum.http://image.prntscr.com/image/d27c06ece07543ae9244e17b9f1cb217.jpg

[Ollik]

I can see two scenarios here – the basic (1) and alternative (2).http://image.prntscr.com/image/6a2bfcb39590452f8a0d0ca03bd3895d.jpg

[Ollik]

I think that the USD/JPY asset would renew its minimum.http://image.prntscr.com/image/9fc9e8e4376444d78be2aca05c135893.jpg

[Ollik]

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 =) http://image.prntscr.com/image/861f4e2aa5c34324837739e3c139345c.jpg

[Ollik]

The price went not as I expected, but nothing bad happened because the stop order had been triggered. This transaction didn’t harm me much.http://image.prntscr.com/image/fdb52d4b3b40478691fbefbe2b1d780e.jpg

[Ollik]

I expect the price to fall up to 100.14 level approximately. Around this level, I have set the take profit order.http://savepic.ru/11122439.jpg

[Ollik]

I think that the USD/JPY asset would renew its maximum/minimum.http://image.prntscr.com/image/39d8a76e84aa47698fbb55d838149f11.jpg

[Guest fdsasdafs]

Great charts thanks