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Thanaklit P.
126
Thanaklit P. 2014.05.09 13:47 

@101.56 next support for scalping

Sergey Golubev
Moderator
53521
Sergey Golubev 2014.05.09 13:54  

101.63

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USDJPY, M15, 2014.05.09

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USDJPY, M15, 2014.05.09, MetaQuotes Software Corp., MetaTrader 5, Demo


MetaTrader Trading Platform Screenshots

USDJPY, M15, 2014.05.09

MetaQuotes Software Corp., MetaTrader 5, Demo

temp_file_screenshot_8242.png

USDJPY, M15, 2014.05.09, MetaQuotes Software Corp., MetaTrader 5, Demo


MetaTrader Trading Platform Screenshots

USDJPY, M15, 2014.05.09

MetaQuotes Software Corp., MetaTrader 5, Demo

temp_file_screenshot_29534.png

USDJPY, M15, 2014.05.09, MetaQuotes Software Corp., MetaTrader 5, Demo



Tiyanto Tiyan
1229
Tiyanto Tiyan 2014.05.09 14:58  
newdigital:

101.63




Buy at 102.00
Sergey Golubev
Moderator
53521
Sergey Golubev 2014.05.09 15:31  

USDJPY price going up because of high impacted news event : CAD - Employment Change

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newdigital, 2014.05.09 15:03

2014-05-09 12:30 GMT (or 14:30 MQ MT5 time) | [CAD - Employment Change]

if actual > forecast = good for currency (for CAD in our case)

==========

Canadian employment change -28.9K vs. 12.0K forecast

Canadian employment change fell unexpectedly last month, official data showed on Friday.

In a report, Statistics Canada said that Canadian employment change fell to a seasonally adjusted -28.9K, from 42.9K in the preceding month.

Analysts had expected Canadian employment change to rise 12.0K last month.


And this is the situation for now :

MetaTrader Trading Platform Screenshots

USDJPY, M15, 2014.05.09

MetaQuotes Software Corp., MetaTrader 5, Demo

USDJPY, M15, 2014.05.09, MetaQuotes Software Corp., MetaTrader 5, Demo


Close all open position immediate before high impacted news event if doing scalping. Just a suggestion.
Thanaklit P.
126
Thanaklit P. 2014.05.12 11:40  

awesome guy. 

today resistance at 102.12  good for short.  

 

UJ H4 

sylvain claverie
651
sylvain claverie 2014.05.13 01:54  

Medium term purchase here h4 chart

Urbain

Sergey Golubev
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Sergey Golubev 2014.05.13 11:02  

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newdigital, 2014.05.10 13:49

USDJPY Fundamentals (based on dailyfx article)

Fundamental Forecast for Japanese Yen: Bearish
  • Why is forex volatility so low, and why does it affect the Yen?
  • Technical forecasts for the USDJPY point to sideways moves


The Japanese Yen trades at critical resistance versus the US Dollar (USDJPY trades at support). Given extremely low volatility expectations it seems unlikely we see a major USDJPY breakdown, but any major surprises out of upcoming Japanese data could force sharp currency swings.

FX traders sent 1-month volatility prices on USDJPY derivatives to their lowest levels on record, and it’s obvious that very few expect to see big things through the foreseeable future. Our forex technical forecasts as well as sentiment-based outlook subsequently favor a USDJPY bounce off of the lows. Yet expectations often beget disappointment; what could force a major Japanese Yen breakout?

Top economic event risk comes from Japan’s Q1 GDP Growth numbers due Wednesday night/Thursday morning, and any surprises could shake the currency from its tight trading range. Consensus forecasts call for a substantial 4.2 percent annualized rate of economic growth in the first quarter. Such lofty expectations arguably leave risks to the downside for the data itself and the Japanese currency. But why is the JPY stuck in such miniscule trading ranges across the board?

Put simply, forex volatility is near record-lows as risky asset classes continue to outperform. Yen volatility may trade to further lows if the US S&P 500 and Japanese Nikkei 225 continue to trade onto fresh peaks.

In that sense it will be important to watch how Japanese equities respond to key economic data; any Nikkei 225 losses might actually result in Yen strength (USDJPY weakness) regardless of the economic implications of the news results.

The absence of any major surprises in upcoming event risk would likely leave the status quo intact. It’s important to note that the Yen has historically fallen in times of low volatility, and indeed we would argue that a further compression in vols should keep the USDJPY above key support. The risk is that material disappointments in data could force equity market tumbles and, by extension, a USDJPY breakdown.


Sergey Golubev
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Sergey Golubev 2014.05.13 11:04  

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newdigital, 2014.05.10 15:19

USD/JPY forecast for the week of May 12, 2014, Technical Analysis

The USD/JPY pair fell during the bulk of the week, but as you can see the trend line has held up as support. Because of this, we feel that this market continues to go higher, but recognize that it would be difficult to get to the 103 level initially. However, if we break above the 103 level, we are buyers as well, as it would send this market looking for the 105 level which is our longer-term target. As far selling is concerned, if we get below the 101 level, we feel that the 100 level will be targeted first, and then ultimately the 97 level.





Sergey Golubev
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53521
Sergey Golubev 2014.05.13 12:14  

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newdigital, 2014.05.13 12:13

USD/JPY Clears 102.00 As Harami Suggests Further Gains

  • USD/JPY Technical Strategy: Longs Preferred
  • Push back above 120.00 opens 102.70
  • Harami pattern supports further gains
USD/JPY’s push past 102.00 following the Harami formation on the daily puts the next noteworthy resistance level at 102.70 on the cards. The absence of a bearish signal on the daily and four hour charts gives little indication of a potential intraday reversal.

USD/JPY: Prices Push Past 102.00 Following Harami Pattern



An examination of intraday price action on the chart below highlights the hesitation from the bulls near 102.00. However following a push past the psychologically-significant level of resistance USD/JPY is eying the 102.70 mark.

USD/JPY: Hammer Foreshadowed Recovery



Sergey Golubev
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Sergey Golubev 2014.05.13 12:26  

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newdigital, 2014.05.13 12:25

USD/JPY Showing Forex Trading Upside Momentum – May 13, 2014


On its 4-hour time frame, USD/JPY is showing enough forex trading upside momentum after bouncing off the bottom of the rising channel. The pair has formed short-term double bottoms and is moving on to making a larger set on the same forex trading time frame.

With that, USD/JPY's next rally resistance appears to be located at the 103.00 major psychological level, which might also serve as the neckline for the double bottom on the 4-hour chart. A break above this area of interest could mean a move up to the 104.00 major psychological resistance, which is at the top of the ascending channel.

USD/JPY Forex Trading Outlook

The US economy is set to print its retail sales data in today's New York trading session. Market watchers are expecting to see a 0.6% gain in headline consumer spending and a 0.5% increase in core retail sales, both slightly slower gains compared to the previous month's figures.

Take note though that the US economy has shown stronger than expected jobs gains in April, which could increase the odds of seeing higher than expected increases in retail sales. As for Japan, there have been a few weak spots in the economy and the recently implemented sales tax hike could weigh on growth later on.

The Fed is on track with its taper plan, eventually looking to hike interest rates once clearer signs of growth are seen. The BOJ, on the other hand, is more inclined to ease given their ongoing battle with deflation and potentially weak spending. With that, the path of least resistance for this forex trading pair is to the upside, in line with the trend channel that is holding.


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