ForexPeoples Daily Technical Analysis for USDJPY

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Thursday, January 9, 2014

trend on move bulls. we will better search buy for USDJPY after make sure first that 105.12 had break by next buyer. now just wait for that break up to 105.12. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Friday, January 10, 2014

this still on flat but to down - see the daily USDJPY - truly, we can take additional sell op then here, with first of all, we make sure that seller had success break to bellow line fib 104.57. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Monday, January 13, 2014

truly - this call down - at daily today we see USDJPY had break to bellow 103.82. this mean, we are on better search additional sell. look at fib line, i see price can down touch max. to near the 102.98 (the daily short target 2 for this pair). :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Tuesday, January 14, 2014

for USDJPY can continue down move if today seller also break down that intraday low (near 102.84). but on other look, i see pair can bulls correction first (as long as price on today move still above that 102.84 then). :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Wednesday, January 15, 2014

trend for USDJPY still bulls. the yesterday candle look as nice double bottom. for me, better buy if price on continue move to above 104.28. :slight_smile:

Regards.

This is a promising trade. Multiple technical indicators are lining up nicely. Although there are no 100% certainties in trading, it is good to see all the ducks in the same row.

On the harmonic front, there is a bullish cypher pattern developing. The possible reversal point at 78.6% is around 94.20-30.

On classical technical analysis, the currency is in a strong steady uptrend channel since June 2013. With multiple points touching the upper and lower band of the rising channel. The trend line support is also around 94.00.

Based on the available information, this is my trading plan.

LONG CADJPY 94.00-30
SL 93.50
TP every 100pips

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Thursday, January 16, 2014

till now USDJPY bulls - the today buyer success break to above last yesterday intraday high (near 104.69). this mean, we are now good search additional buy op of course. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Friday, January 17, 2014

this is still on down trend. we can take a sell here then - see daily. look to fib 104.14. after 104.14 at USDJPY break by seller = yes start sell. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Tuesday, January 21, 2014

the USDJPY pair now also bulls - the buyer today had success break up that intraday high (near 104.32). so now ok buy, i see. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Wednesday, January 22, 2014

for USDJPY - this also on down move, better sell here - see daily tf, if 104.02 break by today seller = start sell better here. :slight_smile:

Regards.

For the time being, USDJPY is temporary stalling at the 61.8% FIB retracement.

Strategy is to buy on breakout above 105.50.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Thursday, January 23, 2014

this USDJPY bulls. see daily, candle price now move above that intraday high 104.56. so, this better for us look again buy op plan. tcci 20 also bulls (green line). :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Monday, January 27, 2014

the USDJPY pair still move to down - at daily tf, if the seller also next continue move down bellow 101.99 = yes it’s call continue down bearish. and on other look. wait for sell if price still above 101.99 = it’s still call sideways to bulls correction first. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Tuesday, January 28, 2014

this USDJPY pair can go correction bulls again - the daily confirm the price now move again to bulls. and then will be better buy if buyer move today could success break up that intraday high at 102.93. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Wednesday, January 29, 2014

bull can happen again here. the focus look for today is : just watch for USDJPY break up to above intraday high (near 103.25). so if today price also still can hold move above the 103.25 = that mean, we good search additional buy. use sl for buy bellow the pivot 102.87. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Thursday, January 30, 2014

the USDJPY pair till now still on look to down - sell better if the seller move was truly break that 101.84. on other view, just wait please if price still move slow above 101.84 - because it’s still call flat of course. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Friday, January 31, 2014

still flat near demand 102.07. but then, ok i will support for buy for this USDJPY if the candle price today continue move up more above the line fib 102.89. as we see the two yesterday candle now look act as double bottom. this is bulls of course. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Monday, February 3, 2014

trend still flat near demand 101.90. but because USDJPY near that demand 101.90 = this wise for us to take the probably price move to bulls correction. use sl for buy (sl bellow the 101.90). :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Tuesday, February 4, 2014

be aware with probably price move at USDJPY is bulls then. as we see from daily that candle pullback up to bulls after it’s touch MA 100 (yellow) at yesterday and today move). so search buy use sl bellow 100.77 is better. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Wednesday, February 5, 2014

this pair till now still move near that oversold zone. so not good for sell. and let change the plan. i mean, the USDJPY most likely to correction bulls. take a buy if price also break up to above the line 101.67 then. :slight_smile:

Regards.