USD/JPY Analysis - page 12

 
Usdjpy on correction time on hourly, overall look on daily on this week still possible to bearish

which yesterday usdjpy already move on large movement if compared with gbpusd still better on usdjpy
 
The pair finally found support at 111.60 and started climbing. I think next target is at 113.45.
 
The USDJPY was not able to break below the 1.1200 level and bounces from that level to the upside. Now, the 55 day EMA or the 114.00 level may act as resistance.
 
USD/JPY broke above 113.45 and it's still climbing. I think it will reach 114.00 next.
 
The USDJPY rallies but stays within a well-defined bearish channel, a bounce to the downside is still possible.
 

Weekly US Dollar / Japanese Yen-USDJPY As of 10/02/17

 

A white body has formed as prices closed higher than open.

The previous 10 candlestick bars, there are 6 white candles versus 4 black candles with a net of 2 white candles.

The previous 50 candlestick bars, there are 29 white candles versus 21 black candles with a net of 8 white candles.

MACD is BULLISH as the MACD is above the signal line.

 The MACD crossed above the signal line 24 week(s) ago.  Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has increased 11.19%, and has been fluctuating from a high of 118.659 to a low of 99.941.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

 No Stochastic Buy or Sell signals generated today. The last signal was a Buy 38 Week(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell  6 week(s) ago.

 

Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen are not diverging.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.

 

 The last Directional Movement Indicators (DMI) signal was a BUY 12 week(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell 2 week(s) ago.

The close is currently

ABOVE its 200 weekly moving average

ABOVE its 50 weekly moving average

ABOVE its 20 weekly moving average

 The current market condition for US Dollar / Japanese Yen is Very Bullish

US Dollar / Japanese Yen closed below the upper Bollinger Band by 39.9%.  Bollinger Bands are 110.44% wider than normal. 

 

Daily US Dollar / Japanese Yen-USDJPY As of 10/02/17

*** Intra-Daily Trading Strategy: SELL US Dollar / Japanese Yen

Sell Target: 112.8657  

Enter New SELL on OPEN and exit SELL positions at Target price or at Stop price.

(NOTE: Adjust Stop Loss Price according to your trading risk.)

Do not reverse after exiting. This is a recommendation for INTRA-DAY TRADING only!!!!!

 

A black body has formed as prices closed lower than open.

The previous 10 candlestick bars, there are 4 white candles versus 6 black candles with a net of 2 black candles.

The previous 50 candlestick bars, there are 23 white candles versus 27 black candles with a net of 4 black candles.

MACD is BEARISH as the MACD is below the signal line.

 The MACD crossed below the signal line 36 day(s) ago.  Since the MACD crossed the MACD moving average, US Dollar / Japanese Yen's price has decreased 3.71%, and has been fluctuating from a high of 118.599 to a low of 111.596.

The MACD is currently not in an Overbought/Oversold range.

There have been no divergence signals during the last 5 periods.

 No Stochastic Buy or Sell signals generated today. The last signal was a Buy 1 Day(s) Ago.

The RSI is not currently in a topping (above 70) or bottoming (below 30) range. A buy or sell signal generated when the RSI moves out of an overbought/oversold area. The last signal was a Sell 35 day(s) ago.

 

Currently the RSI does not show any Failure Swings. The RSI and price of US Dollar / Japanese Yen are not diverging.

Currently, the Momentum Oscillator does not show an overbought or oversold condition.

 

 The Directional Movement Indicators (DMI) currently is not indicating a specific price direction. Because this is a trend following system, it should not use to initiate any trades right now. The last Directional Movement Indicators (DMI) signal was a SELL 22 day(s) ago.

There were no SAR signals generated today. The last SAR signal was a Sell 8 day(s) ago.

The close is currently

ABOVE its 200 daily moving average

BELOW its 50 daily moving average

BELOW its 20 daily moving average

 The current market condition for US Dollar / Japanese Yen is Mildly Bullish

US Dollar / Japanese Yen closed above the lower Bollinger Band by 42.3%.  Bollinger Bands are 36.93% narrower than normal.  The current width of the Bollinger Bands (alone) does not suggest anything conclusive about the future volatility or movement of prices.

 


 

Greetings,

USD/JPY is just sitting on support 113.45/55. Break below may push the price down to 113.00/05. 

 
USD/JPY broke above 114.00 for a little while today and I think that that the closest short-term target is at 114.50.
 
Usdjpy today morning already figure our on bullish pattern on hourly timeframe

Yesterday this pair occured gap that included long distance of gap, but eventually move down again after up movement
Reason: