[B][U]Forecast USD/JPY for Friday 23 April 2015[/U][/B]
Support 1: 119.52
Support 2: 119.13
Resistance 1: 120.13
Resistance 2: 120.35
Uptrend is still intact in a triangle configuration. It should continue to rally to 120.05 or 120.13 if support around 119.74 hold. After which a pullback to 119.74 - 119.63 zone is possible.
[B][U]Forecast USD/JPY for Friday 27 April 2015[/U][/B]
Support 1: 118.58
Support 2: 118.29
Resistance 1: 119.41
Resistance 2: 119.95
Market should not go lower than 118.45. After this move down it should go up to 119.41 area.
[B][U]Forecast USD/JPY for Friday 28 April 2015[/U][/B]
Support 1: 118.72
Support 2: 118.42
Resistance 1: 119.38
Resistance 2: 119.74
It looks set to visit further lower territory down to around 118.90 - 118.72. Its corrective attempts should fail ahead of 119.23 - 119.38. Stop loss above 119.74 zone.
[B][U]Forecast USD/JPY for Friday 29 April 2015[/U][/B]
Support 1: 118.70
Support 2: 118.53
Resistance 1: 119.12
Resistance 2: 119.37
Decline should be supported around 118.28 zone for rally to above 119.12. A clear break of 118.28 will damage this expected rally.
[B][U]Forecast USD/JPY for Friday 30 April 2015[/U][/B]
Support 1: 118.63
Support 2: 118.25
Resistance 1: 119.39
Resistance 2: 119.75
Currently uptrend should end around 119.19 - 119.39 area. A correction down to below 118.63 is expected. A rise above 119.75 will abort the expected correction.
[B][U]Forecast USD/JPY for Friday 5 May 2015[/U][/B]
Support 1: 120.00
Support 2: 119.86
Resistance 1: 120.27
Resistance 2: 120.41
Our preferred outlook is for a drift down to 120.00 or below 119.86. Resistances are at 120.14 and 120.14. A rise above 120.27 would delay but not abort this expected fall.
[B][U]Forecast USD/JPY for Friday 8 May 2015[/U][/B]
Support 1: 119.24
Support 2: 118.75
Resistance 1: 120.05
Resistance 2: 120.36
Difficult to predict the next move. If first down it should hold 119.40 or 119.24. If first up it should face resistance in 119.80 - 120.05 zone to 119.24 zone.
[B][U]Forecast USD/JPY for Friday 12 May 2015[/U][/B]
Support 1: 119.82
Support 2: 119.55
Resistance 1: 120.25
Resistance 2: 120.42
Currently uptrend should end around 120.26 - 120.25 area. A correction down to below 119.82 is expected. A rise above 120.42 will abort the expected correction.
[B][U]Forecast USD/JPY for Friday 13 May 2015[/U][/B]
Support 1: 119.68
Support 2: 119.50
Resistance 1: 120.16
Resistance 2: 120.46
Our preferred outlook is for a drift down to 119.68 or below 119.50. Resistances are at 119.86 and 119.98. A rise above 120.16 would delay but not abort this expected fall.
[B][U]Forecast USD/JPY for Friday 14 May 2015[/U][/B]
Support 1: 118.78
Support 2: 118.41
Resistance 1: 119.78
Resistance 2: 120.41
Market should not go lower than 119.09 - 118.78. After this move down it should go up to 119.59 - 119.78 area.
[B][U]Forecast USD/JPY for Friday 21 May 2015[/U][/B]
Support 1: 120.79
Support 2: 120.25
Resistance 1: 121.68
Resistance 2: 122.02
Current rise should end around 121.68. Objectives of this downmove are 120.79 or 120.25. A rise above 122.02 is again bullish.
[B][U]Forecast USD/JPY for Friday 22 May 2015[/U][/B]
Support 1: 120.80
Support 2: 120.55
Resistance 1: 121.33
Resistance 2: 121.62
Decline should be supported around 120.80 - 120.55 zone for rally to above 121.33. A clear break of 120.55 will damage this expected rally.
[B][U]Forecast USD/JPY for Friday 26 May 2015[/U][/B]
Support 1: 121.41
Support 2: 121.27
Resistance 1: 121.74
Resistance 2: 121.92
Our preferred view is for a drift down to 121.41 or below 121.27. Resistances is at 121.46. A rise above 121.74 would delay but not abort this expected fall.
[B][U]Forecast USD/JPY for Friday 27 May 2015[/U][/B]
Support 1: 121.97
Support 2: 120.84
Resistance 1: 123.77
Resistance 2: 124.45
Uptrend is still intact in a triangle configuration. It should continue to rally to 123.80 or 123.77 if support around 122.64 hold. After which a pullback to 122.64 - 122.31 zone is possible.
[B][U]Forecast USD/JPY for Friday 28 May 2015[/U][/B]
Support 1: 122.92
Support 2: 122.20
Resistance 1: 124.21
Resistance 2: 124.79
One move lower to 122.92 or 122.20 is anticipated while below 123.85 - 124.21 area.
Forex News from New Forex: Technical analysis USD/JPY
The graph of the current trading instrument after the rebound from 124.33 on Friday reached 125.85 forming a bullish candle in the day timeframe which determines a further uptrend of the currency pair presumably to the next resistance at 133.80. In case of its breach there might be a rise to 135.20. Thus, we intend to buy with increasing volumes as long as the price reaches the above mentioned resistance levels. Trades to sell seem highly risky in these circumstances.
[B]Forex News from New Forex: Technical analysis of USD/JPY[/B]
The currency pair is trading with a slight bearish sentiment below the first level of support at 123.32 trying to test the second one at 123.01. The further development of the bearish scenario is trades to sell at 122.40 and further to 120.60. It is preferable to enter the market with long positions from the level of support at 120.6 fixing profit closer to the level of resistance at 124.60.
[B]Forex News from New Forex: Technical analysis of USD/JPY[/B]
At the closure of the Asian trading session the immediate resistance and support of the Japanese yen is seen at 122.30 and 122.90 with a distinct bearish sentiment without any clear-cut features of overbought/oversold. During the previous week the yen gained ground against the greenback which can determine a trend today. A strong psychological level of support is at 122.45 with the resistance at 124.44.
[B]Forex News from New Forex: Technical analysis of USD/JPY[/B]
The market is seriously overbought and trades are made between the first level of resistance at 124.50 and support at 123.65. The trend has a bullish sentiment. Trades to buy will be profitable if the resistance at 124.50 is breached. In case of unfavorable development of events, it is preferable to limit losses with stop-loss orders below 122.40. To enter the market with short positions is risky today.
[B]Forex News from New Forex: Technical analysis of USD/JPY[/B]
In the Asian trading today the US dollar has pared earlier losses against the Japanese yen. The market tests the immediate resistance at 122.72, the level of support is seen at 121.93. In the mid-run according to the moving average, the trend is characterized by the bullish sentiment. However, the possibility of the pullback to the level of support at 121.93 still exists. If the market breaches the resistance at 124.37, there might be a rise to 125.85.
