USD/JPY – The long battle!

USD JYP 12th DECEMBER 2014

USD/JPY is very bullish the last 7 weeks and this week, it pulled back a little bit from 121.84 to 117.4 affected by the selling pressure in the stock market, however this move reversed the last few hours to 119.45. This is a sign that we are gonna walk slowly over the next few days as a rest for this pair before continuing the uptrend or reverse it. We will play the smart game and hunt some quick pips. No long term positions are required at this stage too. The USD/JPY has the following major resistance and support levels:

  • RESISTANCE: 121.88
  • 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: 120.05 – Take Profit 119 (100 pips profits)
  • Buy at: 121.90 – Take Profit 122.40 (50 pips profits)
  • Buy at: 117.50 – Take Profit 118 (50 pips profits)

QUICK HINT: USD/JPY is trying to have some rest in this zone. We can go either ways (up to 125 or down to 115). From this area, I can taste the bearish flavor. Take care!

This signal is valid on: 12th, December 2014

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