Thread: USD/JPY Updated Analysis

USD/JPY

The pre-planned short positions from key resistance range levels have been implemented with attainment of minimal anticipated target. OsMA trend indicator, as earlier, having marked close parity of both party activity, suggests further rate range movement. And at this point, we can assume probability of retest of Ichimoku cloud border at 93,40/60 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 92,80/93,00, 92,20/40 and (or) further break-out variant up to 91,60/80, 91,00/20. The alternative for buyers will be above 94,20 with the targets of 94,60/80, 95,20/40.

Technical analysis on majors

USD/JPY

The pre-planned short positions from key resistance range levels were implemented with attainment of the anticipated targets. OsMA trend indicator, having marked preserved close parity of both party activity, suggests preservation of earlier designed trading plans practically unchanged. Namely, we can assume probability of rate return to 93,40/60 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 92,80/93,00, 92,20/40 and (or) further break-out variant up to 91,60/80, 91,00/20. The alternative for buyers will be above 94,20 with the targets of 94,60/80, 95,20/40.

Forex analysis on majors

USD/JPY

The pre-planned short positions from key resistance range levels have been implemented with overlap of minimal anticipated target. OsMA trend indicator, having marked fall in activity of both parties, as earlier, 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 borders of Ichimoku cloud at 93,20/40, 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 92,60/80, 92,00/20 and (or) further break-out variant up to 91,40/60, 90,80/91,00. The alternative for buyers will be above 94,00 with the targets of 94,40/60, 95,00/20.

Forex analysis on major currency pairs

USD/JPY

The pre-planned break-out variant for sales has been implemented, however, attainment of the anticipated targets is favored by high level of bearish activity level, marked by OsMA trend indicator at break of key supports. Therefore, for open sales the targets will be 91,40/60 (or) further break-out variant up to 90,80/91,00, 90,20/40, 89,60/80. The alternative for buyers will be above 92,60 with the targets of 93,00/20, 93,60/80, 94,20/40.

Forex Taechnical Analysis

USD/JPY

The earlier opened and held short positions had a positive result in attainment of minimal anticipated target. OsMA trend indicator, having marked high level of bullish activity as a result of the previous trading day, considering rate position below Ichimoku cloud, does not clarify the choice of planning priorities for today. Therefore, considering suppositions of rate rise incompleteness, we can assume probability of attaining 92,80/93,00 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 92,20/40, 91,60/80 and (or) further break-out variant up to 91,00/20, 90,40/60, 89,80/90,00. The alternative for buyers will be above 93,60 with the targets of 94,00/20, 94,60/80.

Forex analysis on majors

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 current bearish sign of indicator chart, favors holding open short positions with the targets of 92,20/40, 91,60/80 and (or) further break-out variant up to 91,00/20, 90,40/60, 89,80/90,00. The alternative for buyers will be above 93,80 with the targets of 94,40/60.

Forex analysis on majors

After a long week of uptrend, the GPBJPY has finally broken the support level at 141.72 making a new trend of consolidation. For the moment, the GBPJPY is testing the new resistance level at 142.77 and key support level at 141.72. A potential bearish movement is also foreseen as the MACD (10,26,9) at M30 time frame shows a selling opportunity.The RSI (14) on the other hand shows that the price in the 1-hour chart is nearly approaching the 70 level where an overbought in the pair is fast approaching. Furthermore, the Ichimoku Kinko Hyo analysis at the H4 timeframe shows a bearish crossover between the kijun-sen and the tenkan-sen which exemplifies a clear opportunity to sell for the coming trading session.

Looking at the bigger picture, a potential reversal double top pattern recognized in the D1 timeframe with a neckline 139.10 level and peaks at 144.94 levels. If this neckline support fails to break a consolidation pattern is to be recognized. For the mean time, we could consider the signals of the indicators used and anticipate a bearish move with the GBPJPY pair.

USD/JPY

The earlier opened and held short positions did not have any positive result in attainment of the anticipated targets. OsMA trend indicator, having marked short-term progress of bearish activity, suggests holding open sales with the targets of 92,60/70, 92,00/20 and (or) further break-out variant up to 91,40/60, 90,80/91,00. The alternative for buyers will be above 93,60 with the targets of 94,00/20, 94,60/80.

Technical analysis on major currency pairs

USD/JPY

Short positions held from yesterday did not have any positive result in attainment of the anticipated targets. OsMA trend indicator, having marked parity of both party activity, suggests probable rate range movement with no clear signs regarding choice of planning priorities for today. Hence and considering descending direction of indicator chart, we can assume probability of rate return to close 93,00/20 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 93,60/80 and (or) further break-out variant up to 94,20/40, 94,80/95,00. The alternative for sales will be below 92,00 with the targets of 91,40/60, 90,80/91,00.

Technical Analysis from Forex Ltd

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it was very important for me that know what will happen for USDJPY