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Sergey Golubev
Moderator
52147
Sergey Golubev 2013.05.26 14:24 

The price is above Ichimoku cloud floating between 2 support/resistance lines (103.73 and 100.73) trying to go to correction during whole last week. The price came to be very near to 100.73 support line on D1 timeframe and if this support level will be broken so we may have good correctional movement. On the other side, if this support level will not be broken by price so the price may continue floating between support/resistance horizontal levels trying to break one of them.

  • Recommendation for long: watch the price to break 103.73 resistance (for D1 timeframe)
  • Recommendation to go short: if the price will cross 100.73 support line from above to below - it may be good signal to open short.
  • Trading Summary: possible correction with ranging

UPCOMING EVENTS (high/medium impacted news events which may be affected on USDJPY price movement for the next week)

2013-05-28 14:00 GMT | [USD - Conference Board Consumer Confidence]

2013-05-29 00:00 GMT | [JPY - Bank of Japan Governor Governor Kuroda Speech] 

2013-05-30 12:30 GMT | [USD - Gross Domestic Product (GDP)]  

2013-05-30 23:30 GMT | [JPY - Consumer Price Index (CPI)]

2013-05-31 12:30 GMT | [USD - PCE Price Index]


Resistance
 Support
102.48
100.84
102.58
100.73
103.73
96.77




SUMMARY : Bullish

TREND : Correction


Intraday Chart


Sergey Golubev
Moderator
52147
Sergey Golubev 2013.05.27 09:08  

Just some more about intraday (H4 timeframe) - this is bank holiday for USD and GBP, and only significant news event for USDJPY price movement may be CB CSPI at 23:30 GMT but this is low impacted news event sorry. So, I am expenting flat with sudden movement for short period of time:

MetaTrader Trading Platform Screenshots

USDJPY, H4, 2013.05.27

MetaQuotes Software Corp., MetaTrader 5, Demo

usdjpy h4 ready to go

USDJPY, H4, 2013.05.27, MetaQuotes Software Corp., MetaTrader 5, Demo


But the price is located directly on Sin kou Span B line (this line is the border between bullish and bearish trend) so if the price will break this line and finally - 100.66 support line - we will see full revesal of USDJPY from bullish to bearish on H4 timeframe.

Sergey Golubev
Moderator
52147
Sergey Golubev 2013.05.27 09:09  
And I want to remind good summary for fundamental news/analysis : All about Calendar tab and Macro Economic Events
Tonny Obare
20601
Tonny Obare 2013.05.27 10:13  
EURUSD backfired.
Sergey Golubev
Moderator
52147
Sergey Golubev 2013.05.27 16:52  
newdigital:

Just some more about intraday (H4 timeframe) - this is bank holiday for USD and GBP, and only significant news event for USDJPY price movement may be CB CSPI at 23:30 GMT but this is low impacted news event sorry. So, I am expenting flat with sudden movement for short period of time:


But the price is located directly on Sin kou Span B line (this line is the border between bullish and bearish trend) so if the price will break this line and finally - 100.66 support line - we will see full revesal of USDJPY from bullish to bearish on H4 timeframe.


The price is still following Sinkou Span B line with flat market condition and support line was not crossed yet on close bar (from above to below). Flat:

MetaTrader Trading Platform Screenshots

USDJPY, H4, 2013.05.27

MetaQuotes Software Corp., MetaTrader 5, Demo

usdjpy flat

USDJPY, H4, 2013.05.27, MetaQuotes Software Corp., MetaTrader 5, Demo


This is the explanation with image:


Sergey Golubev
Moderator
52147
Sergey Golubev 2013.05.28 11:30  

It was breakout for USDJPY at night and I think - it was related to Corporate Service Price Index (CSPI) for Japan which was at 23:50 yesterday. We can see this breakout for M30 timeframe for example:

MetaTrader Trading Platform Screenshots

USDJPY, M30, 2013.05.28

MetaQuotes Software Corp., MetaTrader 5, Demo

usdjpy m30

USDJPY, M30, 2013.05.28, MetaQuotes Software Corp., MetaTrader 5, Demo


Sergey Golubev
Moderator
52147
Sergey Golubev 2013.05.28 11:31  

As to D1 timeframe so nothing was changed really ... situation is still the same as I described during the weekend:


MetaTrader Trading Platform Screenshots

USDJPY, D1, 2013.05.28

MetaQuotes Software Corp., MetaTrader 5, Demo

usdjpy d1

USDJPY, D1, 2013.05.28, MetaQuotes Software Corp., MetaTrader 5, Demo


Sergey Golubev
Moderator
52147
Sergey Golubev 2013.05.29 07:50  
newdigital:


The price is still following Sinkou Span B line with flat market condition and support line was not crossed yet on close bar (from above to below). Flat:


This is the explanation with image:


The price is continuing to follow Sinkou Span B line after breakout :

MetaTrader Trading Platform Screenshots

USDJPY, H4, 2013.05.29

MetaQuotes Software Corp., MetaTrader 5, Demo

usdjpy sinkou spam b line following

USDJPY, H4, 2013.05.29, MetaQuotes Software Corp., MetaTrader 5, Demo



but doing it on the other level :)  so, everything is the same one except price value.

Sergey Golubev
Moderator
52147
Sergey Golubev 2013.05.29 19:02  
newdigital:

The price is continuing to follow Sinkou Span B line after breakout :


but doing it on the other level :)  so, everything is the same one except price value.

The price was reversed completely by breaking Sinkou Span B line. So, we are having primary bearish for now for USDJPY on H4 timeframe:

MetaTrader Trading Platform Screenshots

USDJPY, H4, 2013.05.29

MetaQuotes Software Corp., MetaTrader 5, Demo

usdjpy h4 bearish

USDJPY, H4, 2013.05.29, MetaQuotes Software Corp., MetaTrader 5, Demo


Sergey Golubev
Moderator
52147
Sergey Golubev 2013.05.29 19:04  

For D1 timeframe - the situation is still the same one as for few days ago with one exception: this is ranging market condition for now:

MetaTrader Trading Platform Screenshots

USDJPY, D1, 2013.05.29

MetaQuotes Software Corp., MetaTrader 5, Demo

usdjpy d1 ranging

USDJPY, D1, 2013.05.29, MetaQuotes Software Corp., MetaTrader 5, Demo


Sergey Golubev
Moderator
52147
Sergey Golubev 2013.05.30 11:23  
newdigital:

Just some more about intraday (H4 timeframe) - this is bank holiday for USD and GBP, and only significant news event for USDJPY price movement may be CB CSPI at 23:30 GMT but this is low impacted news event sorry. So, I am expenting flat with sudden movement for short period of time:


But the price is located directly on Sin kou Span B line (this line is the border between bullish and bearish trend) so if the price will break this line and finally - 100.66 support line - we will see full revesal of USDJPY from bullish to bearish on H4 timeframe.


The price is trying to break 100.66 support line on open bar for D1 timeframe:

MetaTrader Trading Platform Screenshots

USDJPY, D1, 2013.05.30

MetaQuotes Software Corp., MetaTrader 5, Demo

usdjpy d1

USDJPY, D1, 2013.05.30, MetaQuotes Software Corp., MetaTrader 5, Demo


MetaTrader Trading Platform Screenshots

USDJPY, H4, 2013.05.30

MetaQuotes Software Corp., MetaTrader 5, Demo

usdjpy h4

USDJPY, H4, 2013.05.30, MetaQuotes Software Corp., MetaTrader 5, Demo


By the way - I am in profit for 35 pips for now with sell trade.

/ /12
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