Weekly forecast for USD/JPY

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1

[I] February 12, 2007 - February 16, 2007[/I]

[B] View on USD/JPY: steep turn[/B]

The market brings surprises. In spite of USD/JPY course fall till the new correction minimum of 120.00 in the middle of the week nothing could prevent it to rise until 121.70. From the technical side we watch a rebound from 119.90 as the earlier broken out top of 2006 which now classically comes out as a support. And now a decline under 120.00 can find a postponement…

Last week the correction minimums were renewed again and the pair achieved 120.00, but could not break out a limit of 119.90. The level classically comes out as a support because earlier it was a resistance of 2006. Medium USD/JPY pair increase over 120.70 brought to a further rise and reaching for 121.70 by the end of the week. The situation is interesting and uncertain. Our second script was fulfilled: (30%) “Side exchange fluctuations within the 119.90 - 121.80 area”. The correction goes on and a rebound from the important support makes for further USD/JPY course increase.

[B]Script 1 (40%):[/B] Side exchange fluctuations within the 119.90 - 122.20 area.
The pair is remaining in the current fluctuations range 119.90-122.20, in which it has been contained for a month already and can trade there for a week or two until the high or low limits do not be broken out.

[B]Script 2 (30%):[/B] An upward trend to 125.70.
A quick breakout of 122 shape up is required for this script. In this case the former resistance area of 122.00/20 will come out as a support next. The target is 125.70.

[B]Script 3 (30%):[/B] A downward trend to 119.00.
A breakout of the support area of 120.00/20 down is required for this script. Then this area will come out as a resistance. The nearest target is 118.50/119.00 area. This script may designate for fluctuations for the next few months and lead to deeper fall in the future.

[B]Resistances[/B]
121.90 - the resistance projection line from the January’s top.
122.20 - the January, 2007 maximum
125.80 - the local 2002 year resistance
135.00 - the longstanding maximums level in the beginning of 2002 year

[B]Supports[/B]
120.50 - the estimated line support area according to Jan/Feb 2007 minimums.
119.90/120.00 - the February support area and the broken up maximum of 2006 year
118.90 - the important supports lines region
118.00 - the January, 2007 minimum

2

so its either goin up or down :wink:

3

[I] February 19, 2007 - February 23, 2007[/I]

[B] View on USD/JPY: long-expected downward trend [/B]

The market keeps on bringing surprises. During the last week USD/JPY course came down with almost 300 pips: from the longstanding maximums in 122-shape area to the new correction minimums in 119-shape area. 119.90 top level of 2006 which classically came out as a support during the last three weeks turned out to be broken downward. Now deeper slide to 118.00 and possibly under may follow.

Last week our third script was fulfilled: (30%) - “a downward trend to 119.00”. The yen rallied last week and USD/JPY course slid sharply from the up fluctuations margin of 122.00 to the upper one of 120.00. 119.90 level was broken down following which course slid sharply to the support line in 119.00-shape area. There is fair chance of the further USD/JPY course decline and achievement of 116.00-118.00 area during the next two or three weeks.

[B]Script 1 (40%):[/B] Side exchange fluctuations within the 119.00 - 120.00 area.
The pair may make a new side fluctuations range 119.00-120.00, beside the reached and broken out margins. Slide or rise will lead at the least to 100 pips movement to a breakout side.

[B]Script 2 (40%):[/B] A downward trend to 118.00.
The 119.00 support break down is necessary for this script. The nearest decline target is January minimum level of 118.00. This script may lead to a deeper decline to the 116.60 level area where May, 2006 minimum trend line is situated.

[B]Script 3 (20%):[/B] An upward trend to 121.00.
A sharp break above of the 120-shape is necessary for this script. 121.00 level (the middle of the previous range of 120-122) may come out a resistance line and lead to rebound with the following decline and the second script fulfillment. We don’t expect for rising above 121-122 as yet.

[B]Resistances[/B]
119.90 - the broken out support of the last three weeks - the top of 2006.
121.00 - the estimated resistance of the middle of the previous channel 120-122.
122.20 - the January, 2007 maximum.
125.80 - the local 2002 year resistance in October and November.

[B]Supports[/B]
119.00 - the last week support and the important supports lines region.
118.00 - the January, 2007 minimum.
116.60 - the May, 2006 support line region - yearly trend line. The broken out downward trend line from 1998 is in the same place.
114.50 - the local correction minimum of 2006 in December.

4

[I] February 26, 2007 - March 02, 2007 [/I]

[B] View on USD/JPY: with its last bit of strength? [/B]

[B]GFSignals[/B] team provides a week forecast for USD/JPY

USD/JPY currency pair was very volatile and unpredictable within the last two weeks. Last week the pair raised almost 200 pips higher till the 121.00 level what almost graded 300-pips decline the week before last from 122 till 119. The fluctuations range is still the same. The situation is uncertain.

Last week our third script was fulfilled: (20%) - [B]“An upward trend to 121.00”[/B]. Within the week the pair sharply rose from the lower fluctuations margin of 119.00 which was achieved the week before last to almost the upper margin of 122.00. The weekly maximum is 121.60. Closing is on 121.00. The situation is uncertain. The scripts of decline to the 118-shape were broken. And nevertheless in consideration of the current high course level there is a high probability of USD/JPY course decline to the 119-120.00 area within the next week. The future trends are uncertain. Everything will depend on the pair behavior next to the dominant margins and theirs breakouts.

[B]Script 1 (40%): Side exchange fluctuations within the 119.50 - 121.50 area.[/B]
The pair has made a new side fluctuations range of 119.00-122.00. But new fluctuations may just touch those margins not to attaining them. Slide or rise will lead to at the least 150-200 pips movement to a breakout side within several days.

[B]Script 2 (30%): A downward trend to 118.00.[/B]
The 119.00/50 support break down is necessary for this script. The nearest decline target is January minimum level of 118.00. This script may lead to a deeper decline to the 116.60 level area in the future where May, 2006 minimum trend line is situated.

[B]Script 3 (30%): An upward trend to 125.00.[/B]
A sharp break above of the 122-shape is necessary for this script. February resistance area of 121.60/122.10 may come out an obstacle and lead to a rebound developing the first script. But this region breakout above will become a signal for the further rise with an outlook of rising to the 2002 levels area of 124.00-125.80.

[B]Resistances[/B]
121.60 - the last week maximum.
122.10 - the February maximum - monthly resistance.
122.20 - the January, 2007 maximum - yearly resistance.
125.80 - the local 2002 year resistance in October and November.

[B]Supports[/B]
119.90 - the intermediate level - the previous support and the previous resistance.
119.00 - the week before last minimum and the important supports lines region.
118.00 - the January, 2007 minimum.
116.60 - the May, 2006 support line region - yearly trend line. The broken out downward trend line from 1998 is in the same place.

5

[I] March 05, 2007 - March 09, 2007 [/I]

[B] View on USD/JPY: has plumbed [/B]

[B]GFSignals[/B] team provides a week forecast for USD/JPY

This week USD/JPY currency pair committed that which it could not be able to the week before last when 119.90 support level was broken out. This time nothing could prevent USD/JPY to fall.

Last week our second script was partly fulfilled: (30%) - [B]“A downward trend to 118.00”[/B]. Because pair decline did not even “noticed” the 118.00 level, January minimum which came out just an interweek support. The pair went on further and by the end of the week achieved December, 2006 levels, the two-month minimums. A technical picture is not still in favor of dollar.

[B]Script 1 (50%): A downward trend to 114.00-115.00 area.[/B]
This script logically continues a downward course trend. The achieved 116.40 support break down is necessary for this script. Decline target is December minimum level of 114.40. This script may lead to a deeper decline to 109.00 level area in the future where May, 2006 minimum trend line is situated.

[B]Script 2 (30%): Side exchange fluctuations within the 116.00 - 118.00 area. [/B]
When the pair achieves the support in the 116-shape area it may be trading sideways within a new correction range of 116.00-118.00. After that a new decline will follow as in our first script described. Though rising to 118.00 and above will lead to the third script development.

[B]Script 3 (10%): Side exchange fluctuations within the 116.00 - 119.00 area. [/B]
A break above of the 118.00-level is necessary for this script. The broken February support area (119-shape) may come out an obstacle and lead to a rebound developing the first script next. We do not expect though for pair rising above 119.00/90 area within the next few weeks.

[B]Script 4 (10%): A downward trend to 114.00. [/B]
A sharp break down of December minimum 114.40 is necessary for this script. Decline target is May, 2006 minimum level of 109.00.

[B]Resistances[/B]
118.00 - expected resistance of the broken January support.
119.00/119.90 - the broken February support area.
121.60/122.20 - February resistance.
122.20 - January, 2007 maximum - yearly resistance.

[B]Supports[/B]
116.80 - May, 2006 support line region - yearly trend line. The broken out downward trend line from 1998 is in the same place.
116.00/40 - last week achieved region - expected intermediate support.
114.40 - December, 2006 minimum.
109.00 - May, 2006 minimum.

6

[I]March 12, 2007 - March 16, 2007[/I]

[B]View on USD/JPY: double bottom[/B]

[B]GFSignals team[/B] provides a week forecast for USD/JPY

[I][B]+2525 pips[/B] - this is the trades result for the last week of our Forex traders’ signals.
More details at our web-site.[/I]

Last week USD/JPY currency pair established a new minimum and then went on to a correction. The 115.20 level unexpectedly came out as a support. The pair has almost come to December, 2006 minimum at 114.40. Then unexpected ascending impulse led to a sharp rise to the 118-shape area. Double bottom was left below.

It is very hard to forecast exactly the currency fluctuations after its 700-pip decrease for the last 4 weeks. Last week our two scripts were partly fulfilled: [B]“A downward trend to 114.00-115.00 area”[/B] (50%) and [B]“Side exchange fluctuations within the 116.00-119.00 area”[/B] (10%). In the beginning of the week the pair easily decreased to the new minimum levels from December, 2006 at 115.20, but December minimum at 114.40 was never achieved. The further correction to the upside made prospect for greater rise. At 4-hour chart there is a double bottom shape. Now an uptrend to 118.50-119.00 is supposed. Thus it is possible to expect for the pair decrease after any correction maximum has been met.

[B]Script 1 (50%): Side exchange fluctuations within the 117.00-119.00 area.[/B]
Current correction may remain in 117.00-119.00 range. The low margin is the double bottom neck line, and the upper margin is the mentioned shape workout target.

[B]Script 2 (40%): A downward trend to 114.00-115.00 area.[/B]
A neck line break down at 117.00 level area is necessary for this script. A potential target price for this downtrend stands at the December, 2006 minimum. This script is also logically continues a downward course trend. This script may lead in the future to deeper decline to the May, 2006 minimum area at the 109.00 level.

[B]Script 3 (10%): An upward trend to 120.00.[/B]
It must not be ruled out a higher increase, admittedly to the 120.00/120.90 level area. Thus, after such an upward trend a following downward trend is expected.

[B]Resistances[/B]
118.50 - expected double bottom shape level.
119.00/119.90 - the broken February support area.
121.60/122.20 - February resistance.
122.20 - January, 2007 maximum - yearly resistance.

[B]Supports[/B]
117.00 - neck line area.
115.20 - last week achieved support.
114.40 - December, 2006 minimum.
109.00 - May, 2006 minimum.

7

[I]March 19, 2007 - March 23, 2007[/I]

[B]View on USD/JPY: shape after the shape[/B]

[B]GFSignals team[/B] provides a week forecast for USD/JPY

[I][B]+ 1924 pips[/B] - this is the trades result for the last week of our Forex traders’ signals.
More details at our web-site.[/I]

[I][B]The upward rebound from the 115.20 level in the beginning of March didn’t lead to upper rise. Last week the pair consolidated at the 115.50-118.00 range, making a triangle fluctuations range. This formation can lead to the next course decline in the future.[/B][/I]

Last week no one of our scripts was fulfilled exactly. Thus the pair exactly achieved the estimated by the double bottom shape target 118.50 (see the technical levels in the last review). A technical picture remains to be descending.

[B]Script 1 (50%): Side exchange fluctuations within the three-cornered 116.10-118.40 area. [/B]
Current correction may remain in the bounds of the triangle. The break out of the limits will lead to the next two scripts.

[B]Script 2 (30%): A downward trend to 113.00-114.00 area. [/B]
A bottom triangle line break down at 116.10 is necessary for this script. After that a potential downward target, the December, 2006 minimum area, will be achieved firstly. That will lead to a deeper decline in the future, while to the 113.00 level area, triangle workout target.

[B]Script 3 (20%): An upward trend to 121.00. [/B]
It must not be ruled out this script, because an upside break out of the triangle may occur (the upper limit is 118.40). Thus, after such an upward trend a following downward trend to the March minimums is expected.

[B]Resistances[/B]
118.50 - double bottom shape workout target - last week maximum (upper triangle bound is a bit below).
119.00/119.90 - the broken February support area.
121.60/122.20 - February resistance.
122.20 - January, 2007 maximum - yearly resistance.

[B]Supports[/B]
115.70/116.10 - last week support area, bottom triangle line as well.
115.20 - March, 2007 yearly minimum.
114.40 - December, 2006 minimum.
109.00 - May, 2006 minimum.

8

[I]March 26, 2007 - March 30, 2007[/I]

[B]View on USD/JPY: the triangle applies[/B]

[B]GFSignals team[/B] provides a week forecast for USD/JPY

Last week our first script was fulfilled: [B]“Side exchange fluctuations within the three-cornered 116.10-118.40 area” (50%)[/B]. Though the bottom margin wasn’t achieved, the course kept to the upper margin. Now decline/rebound to the bottom margin area is to be expected.

[B]Script 1 (50%): Side exchange fluctuations within the three-cornered 116.60-118.30 area.[/B]
Current correction may remain in the bounds of the triangle. The break out of the limits will lead to the next two scripts.

[B]Script 2 (30%): A downward trend to 113.00-114.00 area.[/B]
A bottom triangle line break down at 116.60 is necessary for this script. After that, firstly a potential downward target 114.40, the December, 2006 minimum area, will be achieved. That will lead to a deeper decline in the future, while to the 113.00 level area, triangle workout target.

[B]Script 3 (20%): An upward trend to 121.00.[/B]
It must not be ruled out this script, because an upside break out of the triangle may occur (the upper limit is 118.30). But, after such an upward trend to the 120-121 area a following downward trend to the March minimums is expected.

[B]Resistances[/B]
118.30/50 - the last two weeks resistances (upper triangle bound).
119.00/119.90 - the broken February support area.
121.60/122.20 - February resistance.
122.20 - January, 2007 maximum - yearly resistance.

[B]Supports[/B]
116.60 - bottom triangle line.
115.20 - March, 2007 yearly minimum.
114.40 - December, 2006 minimum.
113.00 - supported nearest fall target.

9

[I]July 23, 2007 - July 27, 2007[/I]

[B]View on USD/JPY: Expectations make the Yen stronger.[/B]

[B]GFSignals team[/B] provides a week forecast for USD/JPY

[I][B]+1025 pips[/B] - this is the trading result our forex signals providers made for the last week.
[/I]

[I]Last week our second script was fulfilled (50%): [B]Correction fluctuations in the range of 121.00-122.60[/B]. The pair respected the ranges last week though shortly fell to a new correction low to 120.85 on Friday. It can potentially be USD/JPY bearish and the Yen consolidation in the nearest future.[/I]

[B]Script 1 (60%): A further decline to the 119.00- 120.00 region.[/B]
It is very likely the deeper decline/consolidation below 121.00 level, which was achieved at the last week. The first decline target is the 119.00-120.00 region where the downtrend channel lower line.

[B]Script 2 (30%): Correction fluctuations in the range of 121.00-122.60.[/B]
The correction may stay in the current range achieved, just trading sideways within the 121.00 - 122.60 area. The 121.00-shape level region achieved comes out as the main support for now, and resistance then is the downtrend channel upper line projection.

[B]Script 3 (10%): A rising up to the 123.00 level.[/B]
The broken trend line which was already classically tested by the up going rebound is a little bit higher than the 123.00-shape. It must not be ruled out the short term upside movement to the projection mentioned (in case the 121-shape wouldn’t be broken down). But after that a further decline and the first script fulfilling is very possible.

[B]Resistances[/B]
122.40/60 - two last weeks’ resistance region.
123.00 - March’s trend broken - key resistance projection.
123.60 - July’s high.
124.15 - June’s high - longstanding high.

[B]Supports[/B]
121.00 - the current fluctuations local horizontal support.
119.80 - the downtrend channel upper margin.
118.00 - the uptrend from May’s 2006 low.
116.20 - the uptrend expected line from 2005 low.

10

[I]July 30, 2007 - August 03, 2007[/I]

[B]View on USD/JPY: May 2006 trend line.[/B]

[B]GFSignals team[/B] provides a week forecast for USD/JPY

[I][B]+762 pips[/B] - this is the trading result our forex signals providers made for the last week.
[/I]

[I]Last week our first script was fulfilled (60%): [B]A further decline to the 119.00- 120.00 region[/B]. The pair continued to fall and hit the 118.00 level broking out the support in the 119-120 area. But decline can not last endlessly. New levels and projections go into the game. At the level of 118.00 the correction hit one more longstanding projection line lasting from May 2006! And now it is very possible to expect unless an uptrend then at least a rebound. But firstly the pair should consolidate above the 119.30 level where downtrend channel lower margin projection is, which was broken last week.[/I]

[B]Script 1 (20%): A further decline to the 116-shape region.[/B]
It is quite possible a further course decline and hitting the 116-shape area where 2-year trend lies. A breakout of the May uptrend line last week achieved will be a signal to this decline. But wee guess this version is unlikely for the next week.

[B]Script 2 (50%): Correction fluctuations in the range of 118.00-119.80.[/B]
The pair fluctuations reached a strong support at May trend line, so now the correction to the 119.00 - 119.80 area, the broken last week support, is very possible to expect.

[B]Script 3 (30%): A rising up to the 121.30 level.[/B]
It must not be ruled out a higher upside movement to the July’s short term downtrend line at 121.30. But after that a further decline to the support achieved at 118.00 is very possible.

[B]Resistances[/B]
120.00/80 - the broken out intermediate support - the nearest resistance area.
121.40 - July’s correction downtrend.
123.40 - the broken out March’s trend - key resistance projection.
124.15 - June’s high - longstanding and 2007 high.

[B]Supports[/B]
118.00 - the uptrend from May’s 2006 low.
116.20 - the uptrend expected support line from January’s 2005 low.
115.10 - March’s 2007 low - the year support.
113.40 - the intermediate 2006 support.

11

[I]August 06, 2007 � August 10, 2007[/I]

[B]View on USD/JPY: support formalization.[/B]

[B]GFSignals team[/B] provides a week forecast for USD/JPY

[I][B]+4388 pips[/B] - this is the trading result our forex signals providers made for the last week.
[/I]

[I]Last week our second script was fulfilled (50%): [B]Correction fluctuations in the range of 118.00-119.80[/B]. The pair consolidated in the area achieved near the important support at 118.00. We watch slowdown of the decline and forming of the support and resistance levels. So, at 118.00 level there is an important local support May 2006 trend line projection. And now it is a good technical possibility for an upward rebound and further to the March trend line breakout region at 122.00 level. Though the pair will have to consolidate above 119.50/80 area first, where downward short term trend line projection lies. In case the May trend is broken down the pair will decline further hitting two-year trend from January 2005 at 116.20.[/I]

[B]Script 1 (40%): Correction fluctuations in the range of 118.00-119.80.[/B]
The pair fluctuations reached a strong support at the 118.00 level area. That is why the correction may hold and side range may stay the same. In case the range margins are broken out the following two scripts will develop.

[B]Script 2 (30%): A further decline to the 116-shape region.[/B]
It is quite possible a further course decline and hitting the 116-shape area where 2-year trend lies from 2005 year. A breakout of the May uptrend line and horizontal support at 118.00 will be a signal to this decline.

[B]Script 3 (30%): A rising up to the 122.00 level.[/B]
It must not be ruled out a higher upside movement (the upward medium term trend line). The pair may correct to the 121.00-122.00 area, where the strong support broken at the end of July lies and March trend line breakout area as well. But after that a further decline to the support achieved at 118.00 is very possible.

[B]Resistances[/B]
119.40/80 - the correction downward trend and the nearest resistance.
122.00 - March’s trend breakout area level.
123.40 - the broken out March’s trend - key resistance projection.
124.15 - June’s high - longstanding and 2007 high.

[B]Supports[/B]
118.00 - the uptrend from May’s 2006 low.
116.20 - the uptrend expected support line from January’s 2005 low.
115.10 - March’s 2007 low - the year support.
113.40 - the intermediate 2006 support.

12

[I]Intra-day USD/JPY outlook, August 14, 2007[/I]
From [B]GFSignals team[/B]

[I][B]+ 2526 pips[/B] - this is the trades result for the last week of our forex traders’ signals.
[/I]
Current price: 118.10
USD/JPY is still trading in the 117.20 - 119.80 range.
[B]The downward trend target for the next week remains at 116.60[/B] where two-year trend line from 2005 year lies (30%). The first support comes around 117.60 and then at 117.20 (double bottom). A break out below 117.20 will cause a further decline towards 116.60 over the next trading days.
[B]On the upside the target is at 121.00-122.00 area (60%)[/B]. But there is strong resistance in the 118.70-80 region. A break beyond 118.80 is needed. But after that rise there is a prospect of a rebound back to 118.00.

[B]Resistances[/B]
119.80 - the correction downward trend and the nearest resistance.
122.00 - March’s trend breakout area level.
123.40 - the broken out March’s trend - key resistance projection.
124.15 - June’s high - longstanding and 2007 high.

[B]Supports[/B]
118.50 - the uptrend from May’s 2006 low.
117.20 - August low.
116.20 - the uptrend expected support line from January’s 2005 low.
115.10 - March’s 2007 low - the year support.

13

[I]September 03, 2007 - September 07, 2007[/I]

[B]View on USD/JPY: slackness for a while.[/B]

[B]GFSignals team[/B] provides a week forecast for USD/JPY

[I][B]+2666 pips[/B] - this is the trading result our forex signals providers made for the last week. [/I]

[I][B]The fluctuations range is getting narrow. The course has not changed too much for the last week trading in the range between 114.00 and 117.00. Technically it is a testing of the supports levels broken earlier and the uptrend line from January 2005. A picture is still correcting and both up and down trends are possible.[/B]

Last week our first script was fulfilled (30%): [B]Correction fluctuations in the range of 114.00-117.50[/B].The pair did not reach the broken out July’s support level at 117.00/50 and retraced to 113.90 the last week’s low. The broken out January’s 2005 uptrend line projection at 116.50 also exerts certain pressure, now as a resistance.

Now the pair may easily achieve higher levels because the current 500-pip correction does not reach even 50% of the whole decline from 124.10 to 111.60. For example the local August’s supports/resistances at 118.50 and 119.90 may be reached, so as the broken out May’s 2006 uptrend line projection in the same region.

Though keep in mind that the 2005-2006 rising trends are broken below for now, and the pair is keep on trading below them, what tells about a high possibility of the further decline towards May’s 2006 low region at 109.00. A break below the 111.60/114.00 is needed for this decline. [/I]

[B]Script 1 (30%): Correction fluctuations in the range of 114.00-117.00/50.[/B]
The pair has consolidated at the levels achieved for now and may stay there for more than a week. Though, the range of the fluctuations may gain in breadth till 111.60/112.00 below and till 118.50/119.00 above.

[B]Script 2 (40%): A decline towards 111.60 level.[/B]
It is quite possible a course decline again hitting the August’s low at 111.60. But after that a rebound and rising up towards 117.00 is possible again. Though it is very possible a further decline towards the 109-shape area where May’s 2006 low is. A break below 111.60 is needed for such decline.

[B]Script 3 (30%): A recovery up to the 119-shape area.[/B]
It must not be ruled out a higher upside correction movement hitting the broken out the August’s high at 119.90. But after any of such correction rising there is a high possibility for the next decline towards the support achieved at 111.60 and even further.

[B]Resistances[/B]
116.50 - the line trend projection from January 2005.
117.00/50 - the broken out July’s and August local supports.
118.50 - the broken out May’s trend from 2006.
119.90 - August’s high.

[B]Supports[/B]
114.10 - the lowest day close level in August.
111.60 - the local low and 2007 low.
109.00 - May’s 2006 low.
101.70 - the longstanding lows in 2004-2005.

14

[I]September 10, 2007 - September 14, 2007[/I]

[B]View on USD/JPY: Payrolls hurt the dollar.[/B]

[B]GFSignals team[/B] provides a week forecast for USD/JPY

[I][B]+2556 pips[/B] - this is the trading result our forex signals providers made for the last week. [/I]

[I][B]The disastrous US payrolls report on Friday last week hit the USD/JPY in quite an aggressive way. During the morning session in Europe, USD/JPY drifted sideways in the 115.00- area. And then the pair tumbled from above a 115 level before the publication of the payrolls to the 113.15-area later in US trading. 200 pips decline for the day in the whole. This morning at the open in Asia, the USD/JPY decline first continued, but the pair finally found some support in the 112.60-area. The picture is still correcting. Though, after Friday’s US data we don’t see any reason the yen to change the course. Now the pair may easily achieve and even get over the resistance at 111.60. We still look to sell USD/JPY.[/B]

Last week two of our scripts were partly fulfilled: (30%): [B]Correcting fluctuations in the range of 114.00-117.50[/B] and (40%): [B]A decline towards 111.60 level[/B] and we expect the further development for the second script. The pair fell almost 300 pips down last week reaching the 113-shape region. The side fluctuations range at 114.00-117.00 was broken down and now the August intra-day lows at111.60 area come back in the picture. Additional floor is eyed at May’s 2006 low region at 109.00. But a break below the 111.60 support is needed for this decline. [/I]

[B]Script 1 (70%): A decline towards 111.60 level.[/B]
It is quite possible a course decline again hitting the August’s low at 111.60. But after that a rebound and rising up back to 117.00 is possible again. Though it is very possible a further decline.

[B]Script 2 (10%): A further decline towards 109.00 level.[/B]
It is quite possible a further course decline hitting the 109-shape area where May’s 2006 low is. This script will be expected after the 111.60 level breakout.

[B]Script 3 (20%): A recovery up to 117.00-118.00.[/B]
It must not be ruled out the next rise hitting the highs at 117.00-118.00. But after any of such correction rising there is a high possibility for the next decline towards the support achieved at 111.60.

[B]Resistances[/B]
117.00/20 - the line trend projection from January 2005.
118.50 - the broken out May’s trend from 2006.
119.90 - August’s high.
124.10 - the year and longstanding highs.

[B]Supports[/B]
113.10 - the last week low.
111.60 - the local low and 2007 low.
109.00 - May’s 2006 low.
101.70 - the longstanding lows in 2004-2005.

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Hello there you want to say that your signals made +2556 pips of USD/JPY only this week ?:slight_smile:

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+2556 pips - our forex signals providers made for that week trading with different pairs. You may see everything at our performance page.

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[I]September 17, 2007 - September 21, 2007[/I]

[B]View on USD/JPY: either up or down.[/B]

[B]GFSignals team[/B] provides a week forecast for USD/JPY

[I][B]+ 3854 pips[/B] - this is the trading result our forex signals providers made for the last week. More details at our web-site.[/I]

[I][B] Last week the pair totally recovered after Friday the 7th fall. No one of our scripts was fulfilled exactly, though the third one (20%): [B]A recovery up to 117.00-118.00[/B] started to run. In the whole more than 200 pips rise for the week. Now we see a triangle on the chart with upper limit at the 116.00 level area (immediate gain). [/I]

[B]Script 1 (60%): Correction fluctuations within the 113.00-116.00 triangle.[/B]
Next week correction fluctuations within the 113.00-11.600 triangle are expected. But if the triangle margins are broken out two others scripts will be executed, though a movement to higher/lower levels must not be ruled out.

[B]Script 2 (20%): A decline towards 111.60 level.[/B]
This script is possible after the breakout of the bottom triangle line at 113.00. It is quite possible a deeper decline.

[B]Script 3 (20%): A rising up to 117.00-118.00 area.[/B]
This script is possible after the breakout of the upper triangle line at 116.00. It must not be ruled out the further rise shortly hitting higher levels.

[B]Resistances[/B]
116.00 - the upper triangle line.
116.50/117.20 - the local August/September resistance.
119.90 - August high.
124.10 - the year and longstanding highs.

[B]Supports[/B]
113.00 - the lower triangle line.
112.60 - September low.
111.60 - August low (2007 low).
109.00 - May 2006 low.

Read more Forex news and forecasts at our Forex blog.

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yes i want but im afraid that i dont know your . page ? will you tell me …

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Try googling GFSignals, that may have given you
a hint. :rofl:

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thanks for the help i found it already :))))