Quick Technical Overview: Technical Targets for USD/JPY - ranging bearish to be continuing or the secondary rally to be started
is located to be below 100 SMA/200 SMA on the primary bearish area of the chart. The price is on ranging within the following narrow ranging s/r levels:
the price breaks 103.28 resistance level to above so the local uptrend as the secondary rally will be started with 106.80 level as a next bullish reversal target, if the price breaks 101.39 support to
the primary bearish trend will be continuing with 98.97 target to re-enter, otherwise -
the price will be on ranging condition within the levels.
Daily price is on primary bearish market condition with 101.39 support level to be tested for the bearish trend to be continuing.
Forum on trading, automated trading systems and testing trading strategies
Sergey Golubev, 2016.07.09 12:22
Credit Agricole with Week Ahead: Relative Value Trades With Degrees of Separation From The Brexit Trade (adapted from the article)
Credit Agricole was analysiing the Brexit situation onto the forex price movement with the taking into account the pairs with the good degrees of the separation from the Brexit trade for example:
Let's describe the situation with the technical points of view.
Most likely scenario for the daily price is the following: bearish ranging within the levels.
Sergey Golubev, 2016.07.13 08:00
USD./JPY Intra-Day Fundamentals: Japan Indices of Industrial Production and 29 pips price movement
2016-07-13 04:30 GMT | [JPY - Industrial Production]
if actual > forecast (or previous one) = good for currency (for JPY in our case)
[JPY - Industrial Production] = Change in the total inflation-adjusted value of output produced by manufacturers, mines, and utilities.
USD./JPY M5: 29 pips price movement by Japan Indices of Industrial Production news event
Sergey Golubev, 2016.07.15 15:13
Intra-Day Fundamentals: U.S. Consumer Price Index and Advance Retail Sales
2016-07-15 12:30 GMT | [USD - CPI]
if actual > forecast (or previous one) = good for currency (for USD in our case)
[USD - CPI] = Change in the price of goods and services purchased by consumers.
2016-07-15 12:30 GMT | [USD - Retail Sales]
[USD - Retail Sales] = Change in the total value of sales at the retail level.
Market Watch :
"Sales at U.S. retailers rose 0.6% in June, led by a surge in spending at home-and-garden centers and online stores, the government said Friday. Economists surveyed by MarketWatch had forecast a 0.1% increase. Stronger retail sales in June adds to evidence of a sharp rebound in U.S. growth in the recently ended second quarter."
USD/JPY M5: 30 pips price movement by U.S. Consumer Price Index and Advance Retail Sales news event
H4 price broke 200 SMA to be reversed to the primary bullish market condition: the price is testing 106.31 resistance level for the bullish trend to be continuing. Alternative, if the price breaks 104.81 support level to below so the bearish trend will be resumed.
Sergey Golubev, 2016.07.16 11:34
Fundamental Weekly Forecasts for Dollar Index, GBP/USD, USD/CAD, USD/JPY, NZD/USD, AUD/USD, USD/CNH and GOLD (based on the article)
USD/JPY - "For next week the forecast for the Japanese Yen
will be set to bearish under the premise of continued anticipation of
eventual stimulus from Japan, whether that’s in July or September."
Daily price is located below 100 SMA/200 SMA reversal zone on the bearish area of the chart for the ranging within the following support/resistance levels:
If the price will break 105.93 resistance level so the local uptrend as the bear market rally will be started with 107.89 level to re-enter.If the price will break 114.25 resistance level so we may see the reversal of the price movement from the ranging bearish to the primary bullish market condition.If price will break 99.98 support so the bearish trend will be continuing with 98.97 target to re-enter.If not so the price will be ranging within the levels.
SUMMARY : ranging
Sergey Golubev, 2016.07.23 08:45
Weekly Outlook: 2016, July 24 - July 31 (based on the article)
A busy week saw plenty of action in the yen and the pound, and a stronger dollar in general. A jey German survey, GDP data from the UK Canada and the US and rate decisions in the US and in Japan stand out. These are the major events on forex calendar.
H4 price is located above Ichimoku cloud for the bullish ranging within the following support/resistance levels:
Chinkou Span indicator is estimating the possible bearish reversal, and Absolute Strength indicator is evaluating the trend as a ranging condition.
USDJPY Pivot Points Analysis - weekly oversold to be below S3 Pivot level
W1 price is located to be below S3 Pivot at 105.40:
Sergey Golubev, 2016.08.06 15:44
Fundamental Weekly Forecasts for Dollar Index, GBP/USD, USD/JPY, AUD/USD, USD/CNH and GOLD (based on the article)
Daily price is below 100 period SMA and 200 period SMA in the bearish area of the chart. The price broke symmetric triangle pattern for the bearish trend to be continuing with 100.67 support level to be tested to below for the 98.97 level as a nearest bearish target. Alternative, if the price breaks 107.48 resistance level to above so the secondary rally within the primary bullish trend will be started with 114.55 bullish reversal level as a possible target.
Sergey Golubev, 2016.08.11 14:02
Technical Targets for USD/JPY by United Overseas Bank (based on the article)
is located below 100 SMA/200 SMA in the bearish area of the chart for the ranging within
the following key reversal support/resistance
Symmetric triangle pattern was fomed by the price to be crossed for the direction of the bearish trend to be continuing or the bullish reversal to be started.
price. United Overseas Bank is expecting for USD/JPY to be continuing with the ranging condition:
Sergey Golubev, 2016.08.15 06:54
USD/JPY Intra-Day Fundamentals: Japan Gross Domestic Product and 16 pips range price movement
2016-08-14 23:50 GMT | [JPY - GDP]
[JPY - GDP] = Change in the inflation-adjusted value of all goods and services produced by the economy.
From the RTTNews article:
USD/JPY M5: 16 pips range price movement by Japan Gross Domestic Product news event