ForexPeoples Daily Technical Analysis for USDJPY

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Wednesday, November 27, 2013

bulls on USDJPY was weak and not good for buy op. on other side, we can play sell after price go back down more 101.16. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Thursday, November 28, 2013

for USDJPY this can to still bull. the daily confirm that. as we see price now can probably max. bull again to touch that supply at near 102.55. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Friday, November 29, 2013

trend on continue more bulls - ok buy for USDJPY after i see the candle price today had move above that 102.37. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Sunday (analysis price for next opening price - tomorrow), December 1, 2013

bull on USDJPY was weak and not good for us to take a buy then - as we see use daily - on above the current price = there is a strong supply zone 102.70. on this look = better to search probably price down correction then = sell opportunity. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Monday, December 2, 2013

the USDJPY move now weak bulls. this note good buy as we see price now move bellow the supply 102.70. if price continue hold bellow the 102.70 = just watch for probably strong bearish candle that break down the 102.11 = for sell plan. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Tuesday, December 3, 2013

ok, i will say nice buy op again on this USDJPY - let see to the fib 103.13 if we need to take some nice buy op today here. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Wednesday, December 4, 2013

ok sell for USDJPY because at yesterday the candle had pullback down again from that supply (103.38). make plan sell with use sl above that 103.38 = look better. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Thursday, December 5, 2013

the momentum price move still to down - sell better today if USDJPY also break down to more bellow 101.81. :slight_smile:

Regards.

[QUOTE=“FP Representative;574832”]Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Thursday, December 5, 2013

the momentum price move still to down - sell better today if USDJPY also break down to more bellow 101.81. :slight_smile:

Regards.[/QUOTE]

No $&#% Sherlock that sell is better . LoL

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Friday, December 6, 2013

still clear that USDJPY on down - today seller can act again with nice down move after break down happen to bellow 101.62. let see and yes we can prepare to sell op if that 101.62 was break too by seller. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Sunday (analysis price for next opening price - tomorrow), December 8, 2013

the USDJPY move again to it’s supply at about 103.00. this mean, the pair likely to sideways first near that supply 103.00 and not recommended for new op. just wait first please. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Monday, December 9, 2013

for USDJPY - still flat near supply 103.15. just wait please. whatever this is - i see the pair now still flat condition. so just wait first. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Tuesday, December 10, 2013

this likely still on bull. let’s buy for USDJPY after price then move up to above more 103.32. so till now - i will still call bulls for this pair. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Wednesday, December 11, 2013

trend move down - we can sell if this USDJPY also break to bellow the intraday low at 102.57 then. we see the yesterday daily candle support for this down move. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Thursday, December 12, 2013

trend here on become still to down - let plan to sell USDJPY if seller also success break down the 102.15. as we see the price look was leave that strong supply area (102.94) from several time ago. now this move to down, we see. :slight_smile:

Regards.

What the heck you just said?

LoL

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Friday, December 13, 2013

the USDJPY on bulls continuation. let’s buy for this pair if price on continue move to above the fib 103.34. so till now - i still support for buy for this pair. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Sunday (analysis price for next opening price - tomorrow), December 15, 2013

after on USDJPY here was formed nice down bearish pinbar that pullback down from the strong daily long target 2 (103.88) = yes better then to search sell, and more better sell if price continue down to bellow 103.05. :slight_smile:

Regards.

Daily Technical Analysis for USDJPY - by ForexPeoples.Com | Monday, December 16, 2013

the USDJPY on continue to down. sell better if today price also move bellow 103.16. we see too that here also had formed nice bearish pinbar on last friday. this down. :slight_smile:

Regards.

Elliott Wave analysis works in all timeframes. From my personal experience, it becomes easier to spot the waves when using larger time frames. For today’s school of trading, my focus shall be on the weekly chart. In the USDJPY weekly chart here, we see that wave 5 is currently in progress.

Here are some simple guidelines to trading Elliott Waves successfully. These guidelines works equally well in bullish uptrend waves and bearish downtrend waves. For the purpose of this exercise, since we are talking about USDJPY, our reference is the bullish uptrend wave.

[ul]
[li]Elliott waves come in 5 waves. 3 bullish uptrend waves, plus 2 bearish (or corrective) downtrend waves.[/li][li]Wave 1, wave 3 and wave 5 are bullish uptrend waves.[/li][li]Wave 2 and wave 4 are corrective bearish downtrend waves.[/li][li]Wave 3 must not be the shortest wave.[/li][li]Bottom of wave 4 should not be lower than the peak of wave 1.[/li][li]For corrective waves 2 and 4, one should be a simple corrective wave and the other a complex corrective wave.[/li][li]Simple corrective wave means a simple ABC wave retracement. (See wave 2 below)[/li][li]Complex corrective waves means something more complicated, including triangle patterns. (See wave 4 below)[/li][/ul]

Base on the above guidelines, we can conclude that USDJPY in the weekly chart is a valid Elliott Wave. Furthermore, I have calculated the time of each wave. Wave 1 started in 30 Jan 2012. And the current wave, wave 5, shall proceed into the year 2014.

to be continued…