USD/JPY: Where are you going?

USD JYP 17-11-2014

USD/JPY jumped up to touch 117.05 affected by the Japanese GDP, however this move reversed in hour to 115.45. This is a sign of a newborn resistance. We will play the smart game and hunt some quick pips. No long term positions are required at this stage. The USD/JPY has the following major resistance and support levels:

  • RESISTANCE: 117.05
  • SUPPORT: 109

Breaking these levels in any direction will take us higher or lower.

My Daily BUY/SELL advice (30 pips stop loss applied):

  • Sell at: 116.90 – Take Profit 116 (90 pips profits)
  • Buy: at 117.05 – Take Profit 117.45 (40 pips profits)
  • Buy at 115.10 – Take Profit 115.40 (30 pips profits)

QUICK HINT: USD/JPY entered a rest phase zone. We can go either ways (up to 120 or down to 110). From this area, However, I can see that this might takes sometimes before we continue up or move back down. To this moment, I would like to take quick trades with very small stop loss points (less than 30 pips) and do not over wait till it hits the previously mentioned targets, if you feel that the trend lost momentum, get out with the achieved profits, as always.

This signal is valid on: 18th, November 2014

Bank of Japan changed the USD/JPY map

USD JYP 3112014

USD JYP jumped up on Friday (31st, October) to touch 112.50 directly because of BOJ extra stimulus which surprised the market and pushed the USD JYP to a new level. The Fed. ended the QE program of US which means that they are trusting the US economy and that they think that things are going in the right way, this is caution moved because they kept mentioning that the interest rate will stay low for considerable time. The USD JYP has the following major resistance and support levels:

  • RESISTANCE: 115
  • SUPPORT: 110

Breaking these levels in any direction will take us higher or lower.
My Daily BUY/SELL advice (30 pips stop loss applied):

  • Do not sell. This is a buy only market at the moment.
  • Buy: at 111 – Take Profit 111.50 (50 pips profits)
  • Buy at 111.50 – Take Profit 112 (50 pips profits)

QUICK HINT: USD JYP entered a new wave of bullish momentum but, the trend is very strong and the bears are watching with no action at all. Take quick trades with very small stop loss points (less than 30 pips) if you can and do not over wait till it hits the previously mentioned targets, if you feel that the trend lost momentum, get out with the achieved profits, as always.

This signal is valid on: 3rd, November 2014

USD/JPY – Everything is possible?

USD JYP 22nd, October

USD/JPY fell hard on Wednesday (15th, October) to touch 105.18 directly affected with the stock market selling festival, However it bounced again to 106.50 level. This is what I call the calm area before the storm, so we will play the smart moves and be really quick in handling this signal. The USD/JPY has the following major resistance and support levels:

  • RESISTANCE: 110.08
  • SUPPORT: 105.15

Breaking these levels in any direction will take us higher or lower.

My Daily BUY/SELL advice (30 pips stop loss applied):

  • Sell: at 106.20 – Take profit 106.10 (10 pips profits)
  • Buy: at 105.80 – Take Profit 106.20 (40 pips profits)
  • Buy: at 105.50 – Take Profit 105.90 (40 pips profits)
  • Buy at 106.40 – Take Profit 107 (60 pips profits)

QUICK HINT: USD/JPY is entering a new wave of bullish momentum but, the trend is still weak and the bears are still in charge. Take quick trades with very small stop loss points (less than 30 pips) if you can and do not over wait till it hits the previously mentioned targets, if you feel that the trend lost momentum, get out with the achieved profits, as always.

This signal is valid on Wednesday 22nd, October 2014

USD JYP 14-10-2014

Technical Analysis: USD JPY resumes the up trend?

USD JYP 14-10-2014

USD/JPY showed a bullish signal on Tuesday (14th October). The USD/JPY has the following major resistance and support levels:

  • RESISTANCE: 110.08
  • SUPPORT: 106.65

Breaking these levels in any direction will take us higher or lower.

My Daily BUY/SELL advice (30 pips stop loss applied):

  • Sell: Do not sell
  • Buy: at 106.90 – Take Profit 107.30 (40 pips profits)

QUICK HINT: USD/JPY is signaling a bullish momentum but, the trend is still weak. As you knew bears had a control over the last week and are watching closely to enter again – Take quick trades and do not over wait till it hits the previously mentioned targets, if you feel that the trend lost momentum, get out with the achieved profits.

This signal is valid on: 15th, October 2014

Technical Outlook: Sliding to 106 or a move to 109?

USD JYP

USD/JPY is still in the ping-pong mood (mood where the pair bounce between two levels). In our case, the USD/JPY has the following major resistance and support levels:

  • RESISTANCE: 110.08
  • SUPPORT: 106.90

Breaking these levels in any direction will take us higher or lower.

My Daily BUY/SELL advice (30 pips stop loss applied):

  • Sell: Do not sell
  • Buy: at 107 – Take Profit 107.30 (30 pips profits)

QUICK HINT: USD/JPY is still bearish but, the trend is weaker. As you knew bulls are watching closely to enter again – Take quick trades and do not over wait till it hits the previously mentioned targets, if you feel that the trend lost momentum, get out with the achieved profits.

  • This signal is valid on Monday 13th, October 2014