Morning outlook - USD/JPY tries to reach 112.60
During previous trading session, the Greenback continued to strengthen against the Yen, fluctuating in two minor ascending channels. At the moment, the turnaround of the rate seems unlikely, as the southern side is reliably secured by a combination of the 55- and 100-hour SMAs in conjunction with the weekly PP at ...
Morning outlook - USD/JPY trades near 111.88
In accordance with expectations, the currency exchange rate continued to move to the south within one-week long descending channel. The further deprecation of the buck was supported not only by the pressure of 55-, 100- and 200-hour SMAs that were moving along the pattern’s upper boundary, but also by the increased US ...
The pair finally has broken down the lower boundary of the consolidation and is trading below it. The move was sharp and supported by large volume, which is a good bearish signal, but we should note that volume was concentrated at the bottom of the fall and the new support level was created. It is 111.73 - 111.86. So we can open short positions after a sure ...
Morning outlook - USD/JPY down 0.6% amid growing Trump & Kim rhetoric
In line with expectations, the currency rate continued to climb to the top, trying to reach the upper line of an ascending triangle pattern, another escalation of the North Korean crisis led to fall of the rate by 68 basis points just in two hours. Accordingly, in the beginning of this trading ...
Morning outlook - USD/JPY surges amid US fundamentals
In line with expectations, the currency rate reached and made a successful rebound from the bottom trend-line of a senior ascending channel. Fortunately for the buck, this technical moment matched with release of information on the US non-manufacturing activity. However, the surge did not last for long, as it ...
Morning outlook - USD/JPY surges towards updated weekly R1 at 113.36
Despite a certain volatility that was caused by a release of information on the US consumer spending, the pair continued to gradually climb to the top, as expected. In the first half of Monday, the rate is likely to cross the upper trend-line of a junior descending channel and continue to head ...
Pending Short @ 112.80
Stop Loss @ 113.40
Targets @ 111.40 & 111.00
RR Ratio @ 2.33 & 3.0
Trading involves substantial risk of loss. I'm just providing insight into what trades I'm taking.
Morning outlook - USD/JPY breaks long term pattern
Unfortunately for the Yen, the buck traders managed to push the pair through a combined resistance formed by the monthly R2 at 112.54 in conjunction with the upper trend-line of a ten month long falling wedge pattern. Despite such significant breakthrough, the exchange rate continues to fluctuate in two recently ...
Morning outlook - USD/JPY continue to fluctuate near monthly R2 at 112.55
Due to increasing hostile rhetoric between the US and North Korea about mutual destruction, the Yen got another momentum to try to return to the 111.38 level.
But this attempt was neutralized by the 100-hour SMA near 111.72. Because of this support, the buck started restoring its lost ...
Morning outlook - USD/JPY fails to break above 111.26 two times
In line with expectations, until a release of data on the US Retail Sales the currency pair spent in an upward movement. In the process, it made two attempts to break above the monthly R1 at 111.26 but both of them failed.
Due to pressure from the approaching 55- and 100-hour SMAs as well as ...
Morning outlook - USD/JPY confidently moves to north
In result of the yesterday’s advance, the currency exchange rate managed to cross practically all barriers on its way.
As a result, the only two obstacles that could prevent the further path to the north, except for the upper trend-line of a former descending channel near 110.42, are the weekly R2 at 110.98 ...
Morning outlook - USD/JPY encounters combined resistance
As it was expected, the new trading week the Greenback started in a recovery against the Yen.
A breakout near the 107.40 mark suggests that the pair is moving in a new junior descending channel.
If this assumption is correct, the buck is expected to try to surge towards the monthly PP at 109.76.
...
Morning outlook - USD/JPY rebounds from monthly S1 at 108.48
In accordance with expectations, most of the previous trading day the currency rate spent in an upward movement, using the weekly and monthly S1, as trampolines. Despite such rebound, the further road to the north is still obstructed by the 100- and 200-hour SMAs and then by the weekly and monthly PP. ...
Morning outlook - USD/JPY leaves falling wedge
As it was expected, the currency rate continued to plunge in a falling wedge pattern, trying to reach the weekly S1 at 108.80. Due to existence of this pattern, a collective pressure from the 55-, 100- and 200-hour SMAs from the top and geopolitical tensions, the pair managed to reach this target.
However, there ...
Morning outlook - USD/JPY slips on fears of Kim Jong-un
Over the last couple of weeks, movement of the USD/JPY currency pair was strongly affected by news coming from the Korean peninsula. The same thing happened today as well. In result of a successful test of a hydrogen bomb, the Yen started to actively recover against the Greenback.
These growing fears ...
Hello Traders,
-Remember our last trade closed at break even?
-Our first trade entered by pending order at 108.63, closed trade automatically at 109.77, win 100 + pips.
-If you missed it use fib levels to find an entry.
-What now? Looking for second entry to target 1.272 IF the risk off trade fades.
-N.Korea-US-Japan political risk driven USDJPY to 108.30 ...
Morning outlook - USD/JPY falls as North Korean crisis escalates
In result of a new ballistic missile test conducted by North Korea, the American Dollar lost 0.57% against the Japanese Yen just in two hours.
Accordingly, in the first half of Tuesday the buck is expected to try to recover some of the lost value. However, even if it succeeds to break through ...
