USD/JPY approaches 113.80 New trading week the currency rate stared in a limbo between the 200-hour SMA from the bottom and a combination of the weekly PP, the 55- and 100-hour SMAs from the top. Such neutral movement reflects anticipation of the Bank of Japan Policy Rate announcement. But since there is high probability that the central bank will left the...
Morning outlook - USD/JPY fails to surge above 114.20 Although the currency exchange rate was fluctuating in an ascending triangle, releases of better than expected American data forced the pair to stop testing the weekly R1 at 114.19 and make a breakout in the southern direction. As the rate has already passed through the 55- and 100-hour SMAs, it is expected...
Morning outlook - USD/JPY surges to 114.00 amid Abe’s victory In accordance with experts’ expectations, the Japanese Prime Minister Shinzo Abe and his Liberal Democratic Party secured their seats for another term. Anticipation and confirmation of this result led to sharp appreciation of the Dollar against the Yen, allowing the pair to reach a new cellar at the...
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...
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...
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 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...
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...
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...
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,...
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...
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...
I think everything is shown on the chart The entry , The Targets and stop loss i'm actually wants really to hear from you before starting the position Good luck all of you .