Thread: USD/JPY Updated Analysis

wow....interesting info on the technical side. tq.

USD/JPY

The estimated test of key resistance range levels has not been confirmed, however, preserved fall in activity of both parties, suggests preservation of earlier designed trading plans practically unchanged for today. Namely, we can assume probability of reaching 89,50/60 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 89,10/20, 88,70/80 and (or) further break-out variant up to 88,20/40, 87,60/80, 87,20/40. The alternative for buyers will be above 90,00 with the targets of 90,40/60, 91,00/20, 91,60/80.

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USD/JPY

The pre-planned break-out variant for has been implemented, but with loss of several points in attainment of minimal anticipated target. OsMA trend indicator, having marked strengthening of sales, suggests preference of bearish direction in planning trading operations for today. Hence and considering ascending direction of indicator chart, we can assume probability of rate return to the border of Ichimoku cloud at 89,10/20 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 88,40/60 and (or) further break-out variant up to 87,80/88,00, 87,20/40. The alternative for buyers will be above 89,60 with the targets of 90,00/20, 90,40/60.

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USD/JPY

The estimated test of key resistance range levels for implementation of the pre-planned short positions has not accurately been confirmed, anticipated rate decline marked a sign of rate oversold not favoring essential rate decline for implementation of the pre-planned break-out variant for sales. Therefore, at this point, in order to reduce trading risks we can assume probability of rate range movement with return to 88,40/60 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 87,80/88,00 and (or) further break-out variant up to 87,20/40, 86,60/80. The alternative for buyers will be above 89,00 with the targets of 89,40/60, 90,00/20.

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USD/JPY

The pre-planned break-out variant for buyers has been implemented, attainment of the anticipated targets is favored by essential rise of bullish activity, marked by OsMA trend indicator at the break of key resistance range levels. At this point, considering descending direction of indicator chart, we can assume probability of rate return to the lower border of Ichimoku cloud at 89,00/10, 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 buying positions, on condition of the formation of topping signals the targets will be 89,40/60 and (or) further break-out variant up to 89,90/90,00, 90,30/40.

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USD/JPY

The estimated test of key supports has been confirmed with conditions for implementation of the pre-planned short positions with the targets of 90,60/80, 91,00/20 and (or) further break-out variant up to 91,60/80, 92,00/20. The alternative for sales will be below 89,30 with the targets of 88,90/89,00, 88,20/40.

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USD/JPY

Earlier opened and held long positions did not have a positive result within the frames of the previous trading day. At this point, considering current bullish cycle, as marked by OsMA trend indicator, as earlier it is logical to anticipate holding of open long positions with the targets of 90,60/80, 91,00/20 and (or) further break-out variant up to 91,60/80, 92,00/20. The alternative for sales will be below 89,30 with the target of 88,90/89,00, 88,20/40.

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USD/JPY

The earlier opened and held long positions had a positive result in attainment of minimal anticipated targets. OsMA trend indicator, having marked close parity of both party activity, does not clarify the choice of planning priorities for today. Therefore, considering suppositions of further rate range movement, we can assume probability of rate return to border of Ichimoku cloud at 90,00/20, 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 90,60/80, 91,00/20 and (or) further break-out variant up to 91,60/80, 92,00/20. The alternative for sales will be below 89,30 with the targets of 88,90/89,00, 88,20/40.

Technical Analysis on other majors

USD/JPY

The estimated test of key supports for implementation of the pre-planned buying positions has not been confirmed, fall in activity of both parties, marked as a result of the previous trading day, suggests minor correction to the earlier designed trading plans for today. Therefore, we can assume probability of rate return to close 90,20/40 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 90,80/91,00 and (or) further break-out variant up to 89,80 with the targets of 89,20/40, 88,60/80.

The full technical analysis on majors

USD/JPY

The pre-planned buying positions from key supports have been implemented with attainment of basic and minimal anticipated target. OsMA trend indicator, having marked fall in activity of both parties, does not clarify the choice of planning priorities for today. Therefore, considering the chosen strategy, we can assume probability of rate return to close border of Ichimoku cloud at 90,30/40 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 buying positions, on condition of the formation of topping signals the targets will be 90,70/80, 91,10/20 and (or) further break-out variant up to 91,50/60, 91,90/92,00. The alternative for sales will be below 90,00 with the targets of 89,60/70, 8920/30.

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