USD/JPY started November with bulls

Current trend: Uptrend prevailed then, sideline moves

Recommended position: Sell

  • Buy zone: 104.90
  • Sell zone: 109.60

Comment: Trump is the president of the united states for the next 4 years after a long marathon against Hilary Clinton. On the election day, it was dramatic move for the USD especially in front of the Japanese yen. The pair moved from 101.18 to 105.88 in one day after the announcement. Honestly, it was not expected to see such strong move. This is opening the door to test higher resistance around 109.80. Our recommendation is to hold on, sideline moves might control the next week!

USDJPY Forecast - November 2016

This post is valid during trading week: 13th-18th November, 2016

.. Still in the range: USD/JPY

Current trend: Sideline moves within the range

Recommended position: Sell

  • Buy zone: 99.80
  • Sell zone: 105.60

Comment: USDJPY is the same as the last week, Slow moves to the upper side of the range telling us that a bullish move is trying to form a support to move higher. Without any real action from Bank of Japan or the Federal Reserve of US, I would not buy this pair, at least till the US president election is giving us a name for the next US president. Watch out your positions, This pair is classified dangerous in the next week!

USDJPY Forecast - October 2016

This post is valid during trading week: 24th-28th October, 2016

USD/JPY Forecast: This is not a magic, USDJPY is testing critical resistance

USDJPY 20th May, 2015

USD/JPY jumped to 121 level (in 5 sessions) after finding minor support around 118.85. My inner voice was correct in this post even it was a little bit earlier than my expectations but, the USD/JPY finally made it to 121 to threaten 122.04 major resistance. Simply, breaking 122.05 is a clear buy signal with a target to 123-124, it depends on how the momentum of the move.

My technical overview is highlighting two strong resistance levels: 121.60 or 122.02. The support for USD/JPY can be found above these levels: 118.85 and 117.50. I am expecting choppy moves between 123-120 range but, this should not be valid without a clear break and close above 122.02, otherwise the USD/JPY should test the support again around 118.85

Fed minutes are expected to have limited effect, Bank of Japan announcement on next friday will be market mover so, watch this pair well, it seems like we are in the middle point of a road and market will tell us whether we will continue the same road or U-turn is our next

The USD/JPY has the following major resistance and support levels:

  • RESISTANCE: 124
  • SUPPORT: 117.50

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

My Daily BUY/SELL advice (50 pips stop loss applied):

  • Sell: at 121.50 – Take profit 120.50 (100 pips profits)
  • Sel: at 122 – Take profit 120 (200 pips profits)
  • Sell: at 123.20 – Take profit 122.20 (100 pips profits)
  • Buy: at 122.05 – Take profit 123 (95 pips profits)
  • Buy: at 119.50 – Take Profit 120.10 (60 pips profits)

This review is valid during trading week: 20th-22nd April, 2015

EUR/JPY Forecast: Buy on dips

EURJPY 19th May, 2015

EUR/JPY continued the rally to 136.97 and then fell hard after greece’s topic came up to the surface again. Currently testing its minor support around 133.90EUR/JPY still has a space to continue the suspended rally to test 137.75 or above. Personally, I think that sideline moves might conquer this pair for the next few hours. However, the moves will be very choppy so, take care from your entry points. The downtrend clouds are getting back too quickly, take care!

The EUR/JPY has the following major resistance and support levels:

  • RESISTANCE: 137.95
  • SUPPORT: 126.03

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

My Daily BUY/SELL advice (50 pips stop loss applied):

  • Sell: at 137.60 – Take profit 136.10 (150 pips profits)
  • Buy: at 132.50 – Take Profit 133.50 (100 pips profits)
  • Buy: at 134 – Take Profit 135.50 (150 pips profits)
  • Buy: at 133.5 – Take Profit 135 (150 pips profits)

This review is valid during trading week: 19th-22nd May, 2015

USD/JPY Forecast: U Turn seems to be closer than expected

USDJPY 6th May, 2015

USDJPY Analysis

USD/JPY trend is not that clear during the last 2 weeks with limited tradable range from 118.40 to 120.50 but, this is normal when we are getting closer to important data release. Although, the same inner voice I’ve talked about in this post is still telling me that uptrend will resume soon but, I am still not convinced that this soon is not that close, it is not a near future. My technical overview is highlighting two strong resistance levels: 121.60 or 122.02. The support for USD/JPY can be found above these levels: 116.60 and 117.50. I am expecting short term downtrend by the end of this week, this depends on how the market will react with the NFP data.

Next Friday, Non-farm payroll data will be essential element for the US dollar watchers. I am expecting supportive data above 200K which might raise the expectations about raising the interest rate in June. I am not expecting any real surprises from Yellen’s speech or ADP Nonfarm employment data today.

The USD/JPY has the following major resistance and support levels:

  • RESISTANCE: 124
  • SUPPORT: 117.50

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

My Daily BUY/SELL advice (50 pips stop loss applied):

  • Sell: at 121.40 – Take profit 120.40 (100 pips profits)
  • Buy: at 117.60 – Take Profit 118.60 (100 pips profits)
  • Buy: at 119.50 – Take Profit 120.10 (60 pips profits)

This review is valid during trading week: 5th-8th April, 2015