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Daily USDJPY Analysis

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  • Daily USDJPY Analysis

    USD/JPY Daily Analytics
    10:57 11.12.2017





    The upper "Window" has acted as resistance, so there's a bearish "Harami" at the last high. Therefore, the pair is likely going to test the 21 Moving Average in the short term. If a pullback from this line happens afterwards, we could have another bullish price movement.





    We've got a bearish "Harami", which has been confirmed, so the price is declining. The main intraday target is the 55 Moving Average. If a pullback from this line happens little later on, there'll be an opportunity to have an upward price movement towards the last high.
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  • #2
    USD/JPY Daily Analytics
    10:57 13.12.2017



    The upper "Window" has acted as resistance, so there's a confirmed bearish "Harami". The main intraday target is the 34 Moving Average. If a pullback from this line happens, we could have a local upward correction towards the "Window".



    The price has been consolidating between the Moving Averages. Also, there's a bearish "Three Methods" pattern, so the market is likely going to test the nearest support area in the short term.

    More:
    https://fbs.com/analytics/articles/u...-is-34-ma-5680
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    • #3

      The USDJPY was indecisive yesterday. The bias is neutral in nearest term. Overall I remain neutral but still prefer a bearish scenario at this phase as a part of the bearish view after broke below the trend line support as you can see on my H1 chart below.

      Immediate support is seen around 112.30 followed by 111.65. Immediate resistance is seen around 112.80 followed by 113.20. Overall I remain neutral.
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      • #4
        USD/JPY Daily Analytics
        08:12 27.12.2017
        Technical levels: support – 113.00, 112.80; resistance – 113.60.

        Trade recommendations:

        Buy — 113.00; SL — 112.80; TP1 — 113.60; TP2 — 114.00.
        Reason: narrow bearish Ichimoku Cloud with horizontal Senkou Span A and B; a golden cross of Tenkan-sen and Kijun-sen, but the lines are horizontal; the Bulls can’t breaking out the resistance of upper border of the Cloud and the market may return to 113.00.

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        • #5
          USD/JPY Daily Analytics
          13:18 27.12.2017



          There's a "Hammer" pattern, which has been formed on the 21 Moving Average. So, the market is likely going to test the upper "Window" in the coming hours.



          The 55 Moving Average acted as support, so we've got a "Harami" pattern on this line. Therefore, there's an opportunity to have a new local high in the short term.
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          • #6

            The USDJPY had a moderate bullish momentum yesterday topped at 112.60 and hit 112.77 earlier today in Asian session. The bias is bullish in nearest term testing 113.05 region. Immediate support is seen around 112.50. A clear break below that area could lead price to neutral zone in nearest term testing 112.00 key support .

            I still prefer a bearish scenario at this phase but need a clear break below 112.00 to continue the bearish scenario after broke below the trend line support as you can see on my H1 chart below. Overall I remain neutral.
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            • #7

              The USDJPY was indecisive last week. Price attempted to push lower, bottomed at 112.05 but closed higher at 113.05. The bias is neutral in nearest term. The violated trend line support remains a good place to sell at this phase. In fact, 113.00 – 113.75 region should be considered as a “sell zone” with a tight stop loss above 113.75.

              Immediate support is seen around 112.85. A clear break below that area could trigger further bearish pressure testing 112.50 and 112.00 key support. On the upside, a clear break above 113.75 would retest 114.50 key resistance. Overall I remain neutral.
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              • #8
                USD/JPY: DOLLAR RETURNED TO CLOUD
                07:25 09.01.2018
                Technical levels: support – 112.50; resistance – 113.00

                Trade recommendations:

                Buy — 113.10; SL — 112.90; TP1 — 113.80; TP2 — 114.50.
                Sell — 112.60; SL — 112.80; TP1 — 112.00; TP2 — 111.00.
                Reason: bearish Ichimoku Cloud with horizontal Senkou Span Aand B; a golden cross of Tenkan-sen and Kijun-sen, but narrowing channel of Tenkan-Kijun; the prices returned to support of the Cloud.

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                • #9
                  USD/JPY Daily Aalytics
                  00:07 10.01.2018



                  There's a "High Wave" on the lower "Window", but this pattern hasn't been confirmed yet. In this case, the market is likely going to test the nearest Moving Averages in the coming hours.



                  The last bullish "Harami" pattern has been confirmed, so bulls are likely going to test the upper "Window" and all the Moving Averages in the short term. If a pullback from these levels arrives afterwards, there'll be an opportunity to have another decline.
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                  • #10
                    USD/JPY Daily Analytics
                    07:57 11.01.2018
                    Recommendation:

                    BUY 112.80

                    SL 112.25

                    TP1 113.70 TP2 115.20

                    On the daily chart, USD/JPY bears managed to lead the pair outside of the uptrend channel. Together with this, reaching 78.6% of the Gartley pattern will allow bulls to seize the initiative. For a start, buyers need to settle above an important level of 111.65 yen.



                    On H1, USD/JPY bulls are hoping for a “Shakeout-Fakeout” pattern. For that, they need to return the pair to the middle of the previous consolidation range of 112.05-113.65.

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                    • #11
                      USD/JPY Daily Analytics
                      07:55 15.01.2018
                      Technical levels: support – 110.40, 110.00; resistance – 111.00

                      Trade recommendations:

                      Sell — 111.00; SL — 111.20; TP1 — 110.40; TP2 — 110.00.
                      Reason: expanding bearish Ichimoku Cloud with falling Senkou Span A and B; a dead cross of Tenkan-sen and Kijun-sen with falling lines; the prices reached new lows and the market is oversold.

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                      • #12
                        USD/JPY Dalily Analytics
                        09:13 15.01.2018



                        There's no any reversal pattern so far because all the last candles are bearish. In this case, the pair is likely going to test the lower "Window" in the short term.



                        The last bearish "Three Methods" pattern pushed the price lower. Also, there's no any bullish model, so the market is going to continue declining in the coming hours.
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                        • #13
                          USD/JPY Daily Analytics
                          07:36 18.01.2018
                          Recommendation:

                          BUY 112.10

                          SL 111.55

                          TP 113.00 TP2 114.30 TP3 115.00

                          On the daily chart, USD/JPY bulls managed to fight back bears and return the pair inside the previous downtrend channel. This increases buyers’ chances for revenge. To begin with, they need to take an important resistance of 111.65.



                          On H1, USD/JPY can for the Dragon’s head in line with the “Dragon” pattern in the 111.70-112.05 range. Only a confident break of the previous consolidation will allow bulls continue the rally.


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                          • #14
                            USD/JPY Daily Analytics
                            08:15 19.01.2018
                            Technical levels: support – 110.30; resistance – 111.00

                            Trade recommendations:

                            Sell — 110.70/80; SL — 111.00; TP1 — 110.30; TP2 — 110.00.
                            Reason: bearish Ichimoku Cloud with horizontal Senkou Span A and B; a weak goldean cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are on the weak Kijun’s support.

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                            • #15
                              USD/JPY Daily Analytics
                              07:51 23.01.2018
                              Technical levels: support – 110.50; resistance – 111.00

                              Trade recommendations:

                              Buy — 111.00; SL — 110.80; TP1 — 111.50; TP2 — 112.00.
                              Reason: bearish Ichimoku Cloud with rising Senkou Span A; an irregular dead cross of Tenkan-sen and Kijun-sen with horizontal lines; the prices are entered into cloudy area and may continue growing up.

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