Thread: USD/JPY Updated Analysis

USD/JPY

The estimated test of key resistance range levels has been confirmed with conditions for implementation of the pre-planned short positions. OsMA trend indicator, considering its current descending direction, favors holding of open short positions with the targets of 81,60/80 and (or) further break-out variant up to 81,00/20, 80,40/60. The alternative for buyers will be above 82,80 with the targets of 83,20/40, 83,80/84,00.

Technical analysis on majors

USD/JPY

The earlier opened and held short positions had a positive result in attainment of the minimal anticipated target. OsMA trend indicator, having marked fall in activity of both parties, suggests preference of further rate range movement with no clear signs regarding the choice of planning preference for today. Hence, as earlier, we can assume probability of rate return to close border of Ichimoku cloud at 82,00/20 levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term sales, on condition of the formation of topping signals the targets will be 81,60/80 and (or) further break-out variant up to 81,00/20, 80,40/60. The alternative for buyers will be above 82,80 with the targets of 83,20/40, 83,80/84,00.

Technical analysis on majors

USD/JPY

The pre-planned break-out variant for sales has been implemented with attainment of the minimal anticipated target. OsMA trend indicator, having marked essential rise of bearish activity at break of key supports, suggests preference of bearish direction in planning trading operations for today. Therefore, at this point, considering current development of bearish cycle, there is probability of rate return to close 81,30/40 resistance levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for sales, on condition of the formation of topping signals the targets will be 80,90/81,00 and (or) further break-out variant up to 80,40/50, 79,80/80,00. The alternative for buyers will be above 82,00 with the targets of 82,40/60.

Technical analysis on majors

USD/JPY

The pre-planned break-out variant for sales has been implemented, but with loss attainment of the anticipated targets. OsMA trend indicator, having marked essential rise of bullish activity, but within the frames of parity in both party activity, suggests further rate correction period with preference of planning buying positions for today. Therefore, at this point, considering ascending direction of indicator chart, we can assume probability of rate return to close 81,00/10 supports, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term buying positions, on condition of the formation of topping signals the targets will be 81,40/50, 81,70/80 and (or) further break-out variant up to 82,10/20, 82,60/70. The alternative for sales will be below 80,80 with the targets of 80,40/50, 80,00/10.

Technical analysis on majors

Hi everyone, i'm new to this site, i'm not sure where I should post this, but since my question is related to the usdjpy pair, so i decided to post here.

I hope this wont interrupt your trading discussions.. but seriously i really need help right now.. I have no where else to turn to but to the trading community on the internet... Your help is much appreciated and seriously needed.

I opened a managed account with a local broker here in my country, initially it was going well, with a couple of hundred in earnings, but last week was a disaster. the person who is managing my account(fund manager) bought the usd/jpy pair at 83.86, and when i checked last week, the market went down and i was losing $9k+, then around wednesday, the broker hedged my account by selling at 82.08, right now my equity is left with $4k. Please help me, what should I do? I no longer trust the fund manager.

The fund manager bought 40lots for both the positions. For a XXX/USD pair, 1 pip of 1 lot is $1 for my account.

Please, any advice on how to solve this? $9k is not small to me.. 1 USD is 3 times my currency rate I'm really worried now.. $9k loss is $27k loss after converting to my currency..

1 option is to release all, and try to gain it back by trading, but i'm new to trading and still learning, and i still lose money even on demo accounts.

Is waiting for usdjpy to reach the bottom and release the hedging position and allow the market to go back up so that I can release the losing trade, so that I lose less? Is this feasible? But if i do this, when would be he right time?
Please help.. I'm really desperate for help now.. Begging you guys...

according to the analysis on this site for monday for the pair,
RTFX TraderTip >> USD-JPY Analysis - Monday 18 October 2010
this is already the end of a trend. should i close my sell position, which was used to hedge the buy position and expect an increase in the market to cut my losses?

I dont expect to cut 'all' my losses, maybe losing 1k or 2k is fine, but not 9k pls...
Please help.....

USD/JPY

The pre-planned buying positions from key supports have been implemented with attainment of the minimal anticipated target. OsMA trend indicator, having marked fall in activity of both parties, suggests further rate range movement with no clear signs regarding choice of planning preference for today. Therefore, at this point, we can assume probability of rate return to 81,50/60 resistance levels, where it is recommended to evaluate the development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term sales, on condition of the formation of topping signals the targets will be 81,10/20, 80,80/90 and (or) further break-out variant up to 80,40/50, 80,00/10. The alternative for buyers will be above 81,80 with the targets of 82,10/20, 82,60/70.

Technical analysis on majors

It certainly doesn't appear as if the BOJ's intervention was successful, from what I can see here the US Dollar| Japanese Yen is going to be dropping for a while yet...

Fxpremiere do great usdjpy signals daily.. jan 2012 was like 77% accurate..

Following Many movements on eurusd recently i noticed a few good indicators that i used that helped. MACD and RSI worked well on eurusd especially on 4H and 1D charts. Heiken indicator worked well on 30M and 1H. In the last few month si also decided to test many fx signal providers including zulu but id recommend fxpremiere com for the price was cheaper and you get both SMS & email signals twice a day an they send both SMS & Email signals simultaneously just incase 1 doesnt arrive in time for a trade. both of these seemed to be the best out there. zulu is larger more expensive however fxpremiere com i was amazed at how accurate these guys were with the hypothetical signals as a small group. so as for many currency pairs they are good. only gold was a bit of an issue as a signal. apart form that id recommend them to all as i ost a lot of money on other signal providers that were not good period..

Beth and Marco - Monaco........

YEN FUTURES USD/JPY
Date 16/02/2012
Total Open Interest 154,081
Net Marginal Change 398
Change in Total OI (%) -13.82

The Japanese Yen open interest added a marginal sum of 398 in yesterday’s trading. The massive decline in open interest has been taking place for few weeks now. It seems to be very volatile recently. USD/JPY spiked to the upside in today’s trading. If the major decrease in open interest ends the midterm downtrend, we should see pressure building on the spot sending USD/JPY much higher.

Forex analysis

USD/JPY on 24 February
Carry Trade- 0.15%
Although Yen fell to its seventh month low, Dollar rose to 80.578, its highest ever since July.
usdjpy24feb.jpg