ForexPeoples Daily Technical Analysis for USDJPY

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Wednesday, May 21, 2014

pair USDJPY can correction to bulls as long as the next seller still can not move again to bellow MA 200 red (at about price 101.18) looking for buy with sl bellow 101.18 still wise till now. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Thursday, May 22, 2014

for USDJPY now wise for plan buy . as we see the yesterday candle is nice bull candle - today most trader on watching the break up price at 101.61 for start buy. :slight_smile:

Regards.

USD/JPY from Top price of 104.124 was in downtrend that Sellers could achieve the lowest level of 100.836. Price has been stopped from more descending with reaching to the specified supportive level(Support Zone) and with closing of the bullish candle(Spinning Top!), there is a warning for changing price direction. Formation and repeating the Hammer and Spinning Top candlestick patterns on 19st, 20th and 21th days shows indecision market in ascending or descending and vulnerability of downtrend which prepare the field for formation of a bottom price.

Right now price is above 5-day moving average in short term time frames such as H4 and H1 daily that shows a consistent uptrend in short period of time. As it is obvious in the picture below between the top price of 103.010 and bottom price of 100.836, there is AB=CD harmonic pattern with the ratios of 61.8 and 161.8 that warns about the potential for ascending of the price. Stoch indicator is in saturation sell area and in divergence mode with the price chart confirms the D point of harmonic patterns and warns about potential of ascending during the next candles. Generally according to the current situation until the bottom price of 100.836 (D harmonic point) is preserved m there is a potential for ascending and increasing of the price in short period of time.

[B]Technical Analysis of USD/JPY dated 2014.05.22[/B]

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Friday, May 23, 2014

trend on continue to up bulls. better buy on USDJPY after then price continue to above line 101.81. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Monday, May 26, 2014

this USDJPY on bulls - wise to buy if pair break up again 102.00 then. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Tuesday, May 27, 2014

now USDJPY still flat but to bulls. if you are buyer here and want take again the buy, make sure 102.04 must be break by buyer for start again take buy. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Wednesday, May 28, 2014

flat also at USDJPY - we detect that flat zone is between the price 101.72 till 102.14. so now, wise to wait and take op on it;s break one of side of that. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Thursday, May 29, 2014

flat to bearish - sell again for USDJPY if seller could continue move to bellow 101.63. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Friday, May 30, 2014

this USDJPY on continue to down - sell again the pair if price continue to bellow line 101.42. let see and ready sell. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Monday, June 2, 2014

this USDJPY now move to bulls - the buyer on today move had success to above line 101.84. wise to buy with max. tp near supply (102.25). :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Tuesday, June 3, 2014

for me - the USDJPY will still up / bull - the wise act is search again buy if pair continue to above line 102.48. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Wednesday, June 4, 2014

pair USDJPY on continue bulls - the bulls called here because this morning buyer had success move up more 102.55 with strong bulls move. so still search buy is wise now here. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Thursday, June 5, 2014

for USDJPY - down correction can be here. sell the pair if buyer still can not up more 102.79. because of that of course we can set sl for sell above that 102.79 then. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Friday, June 6, 2014

for USDJPY - now on move to down. wise to sell if pair continue to bellow 102.33. yesterday candle formed like double top. it’s great formation for pair probably change trend to down then. max. sl for sell is wise set ma. above 102.76. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Monday, June 9, 2014

the pair move at USDJPY enter again to near the flat zone near overbought area (102.70). no good op please. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Tuesday, June 10, 2014

pair down - sell the USDJPY continue to bellow 102.37. use sl above the 102.65. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Wednesday, June 11, 2014

because USDJPY now still at overbought 102.40. ok, i will call nice sell then, but first, seller must go to bellow 102.21 for start sell. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Thursday, June 12, 2014

the USDJPY more to down. we then focus to the 101.85 for better start sell. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Friday, June 13, 2014

please note that we see USDJPY still can down - sell wise then if seller can break to bellow MA 200 near 101.50. now just wait for that move down to bear ma 200. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Monday, June 16, 2014

also on down for USDJPY - make a sell and use sl max. above MA 100 (above 102.25) wise for now. :slight_smile:

Regards.