USDJPY Trading Idea 05.12.2013

USDJPY is moving in a lower lows pattern, as you can see from the chart above. The most possible scenario is to continue the downtrend. Thus, a good chance for trading the pair, would be near the trendline, taking short positions of 30 pips lowers as take profit and 10 pips higher as stop loss.

USDJPY Trading Idea 25.11.2013

USDJPY after the last announcements of Dallas Fed Manufacturing Business Index (Nov) and Pending Home Sales moved slightly bearish testing the support line of 101.61. The trading idea for today is to take a sell limit order at 101.60 putting stop loss 10 pips higher and take profit 24 pips lower.

USDJPY Trading Idea 22.11.2013

USDJPY consolidates between 100.94 and 101.35 as you can see at the chart above. There are two strong resistances which are very closed each other. The first one is the obvious 101.35 and the second is the 101.51. Both resistance levels have been created the first days of July 2013. Moreover, as you can see from the chart above the price is above the three SMAs, SMA-50, SMA-100 and SMA-200 showing a bullish trend. Taking all the above into consideration, the trading idea for today is the following. You can put a sell limit order at 101.34 with stop loss at 101.53 and take profit at 100.88.

USDJPY Trading Idea 21.11.2013

USDPJY is moving in a bullish trend today, after the announcement of BOJ concerning the interest rate desicion. The trading idea for today is simple, since there is a clear resistance line at 100.87, on 3 July 2013 and 19 July 2013. Thus, you can take long positions above 100.90 putting stop loss 10 pips lower and take profit 30 pips higher. If the market doesn't touch 100.90 you can take short positions at 100.87 putting stop loss 10 pips higher and take profit 25 pips lower.

USDJPY Trading Idea 19.11.2013

USDJPY is moving lower today. During the night the pair reached its lower finding a quick support at 99.56 after the break of the upper support line at 99.78. Moreover, from the chart above, we can see that the pair is moving below SMA-100 and it has already created the 1-2-3 formation. Thus, the most possible scenario is that the next lower high will be near the 99.90-99.95. The trading idea is to put a sell limit order at 99.94 putting stop loss 10 pips higher and take profit 30 pips lower.

USDJPY Trading Idea 14.11.2013

USDPJY is creating a support line at 99.80 as you can see at the chart above. Taking under consideration that the pair has more than one month and a half to be found at the level of 99.00, we can take long positions near 99.80 putting stop loss 10 pips lower and take profit at 100.15. On the other hand, a bearish breakout of 99.80 support could lead the USDJPY at 99.50.

USDJPY Update 11.11.2013

USDJPY is consolidating between 98.90 (daily lower low) and 99.22 (daily higher high). There is no clear direction at the moment, while the pair is above 50-SMA, 100-SMA and 200-SMA.

USDJPY Trading Idea 07.11.2013

The bullish trend is continuing finding a strong and clear resistance at 98.75 level. The pair is trading above 98.50 following the 100-SMA. The trading idea for today is to buy the pair at 98.78 putting a stop loss at 98.70 and take profit at 98.98.

USDJPY Trading Idea 06.11.2013

USDJPY pair is moving in an uptrend as you can see at the hourly chart. Also, the currency is testing the 100-SMA so, the idea is to buy at the level of 98.49 putting a Stop Loss at 98.40 and a Take Profit at 98.74.

USDJPY Trading Idea 04.11.2013

USDJPY is moving in an uptrend from the previous week. The most possible scenario is to continue this bullish trend at least until the resistance of 98.84. Otherwise a downtrend below 98.52 will probably lead at 98.10 the currency.

USDJPY Update 30.10.2013

USDJPY Review 28.10.2013

USDJPY 24.10.2013

The USDJPY currency is consolidating today, between 97.15 and 97.56. As for technical analysis of the pair, USDJPY is moving below the 50-days SMA, 100-days SMA and 200-days SMA as you can see at the chart. The breakout of 97.15 possibly will lead to the first support level at 96.85, while an uptrend above 97.56 will probably find resistance at 98.12.

USDJPY Review 23.10.2013

While EURUSD is consolidating around 1.3770 the USDJPY currency is testing new lows today, weighed by negative sentiment in markets. The currency lower was 97.15 losing more than 100 pips.

As for technical analysis, the currency fell below 100-day SMA. The short term supports seem to be at 97.15 and 96.83, while the first resistance level is at 97.55.

Daily Forex Review USDJPY

USDJPY Review 18/12/2012

Ανοδικά κινείται από χθες το Γεν έναντι του Δολαρίου αντιστρέφοντας την πτωτική τάση που είχε τις πρώτες πρωινές ώρες της Δευτέρας. Με χαμηλότερο το 83,60 και υψηλότερο το 84,25 η τάση παραμένει ανοδική για την ισοτιμία, περιμένοντας τις αυριανές ανακοινώσεις για το εμπορικό ισοζύγιο της Ιαπωνίας.

USDJPY Review 10/12/2012

Με έντονη διακύμανση κινήθηκε η ισοτιμία USDJPY βρίσκοντας στήριγμα στις 82,10 μονάδες και αντίσταση στις 82,48 μονάδες. Σημαντική ανακοίνωση της ημέρας ήταν η ανακοίνωση του τριμηνιαίου ΑΕΠ της Ιαπωνίας το οποίο παρέμεινε αμετάβλητο σε σχέση με το προηγούμενο τρίμηνο (-0,9%)με την πρόβλεψη να είναι στο -0,8%.