USD JPY

[PCMAnalyst]

The price is going down by a bearish trend and we will see the price reversed by occurring negative hidden divergence in MACD. we still expect to see the drop of price as long as the trend line breaks above.

[PCMNewsdesk]

Last Friday the pair rebounded at the resistance level around 100.00 and dropped back to the middle Bollinger Band and the support line around 98.65, which was currently able to stop the decrease. Based on the climbing Bands and the rising Stochastic the bulls might be able to take again control of the pair so we have to wait and see if it really can cross the next level.

[Samirofi]

USD JPY rebounds after the retest process 05/08/2013



he pair rally stopped at the previously broken bullish channel’s retest level that appears in the image, which put the price in the bearish track again, but it faces good support that comes from the EMA50 at 98.90, and that means that confirming breaking this level will open the way for heading initially towards 97.00

Breaching 99.95 will cancel these negative expectations and leads to more gains in the upcoming period.

Expected trading range for today is between 97.50 support and 99.95 resistance.

Expected trend for today: Bearish, conditioned by breaking 98.90

[Samirofi]

USD JPY continues to decline 08/08/2013



The pair managed to approach the extended targets waited at 95.80 and shows some slight positive bias now to retest the broken level which appears in the above chart, as we suggest the continuation of the overall bearish trend supported by EMA50.

Holding below 97.60 is important to continue the negative expectations, while the next targets located at 94.90 followed by 93.80

Expected trading range for today is between 94.90 support and 97.60 resistance.

Expected trend for today: Bearish

[Samirofi]

USD JPY retests 12/08/2013



The pair fluctuates around the bearish trend level that appears in the blue dashed line in the above image, keeping its stability below this level, which makes the bearish trend remains valid until now, supported by the EMA50.

Stochastic provides positive signal that might extend the upside track towards 97.60 before falling again, pointing that breaching 97.60 will turn the intraday trading towards the upside.

Expected trading range for today is between 94.90 support and 97.60 resistance.

Expected trend for today: Bearish

[Samirofi]

USD JPY tests the key level 13/08/2013



The pair opened today’s trading with bullish bias approaching from retesting 97.60, which represents a protection factor for our bearish trend expectations, which are supported by the EMA50.

Therefore, we keep preferring the bearish trend, unless witnessing a stability in the trading above the above mentioned level.

Expected trading range for today is between 95.50 support and 98.00 resistance.

Expected trend for today: Bearish

[Samirofi]

USD JPY tests the support line 15/08/2013



The pair found good resistance near 98.55, to start testing the key support level now at 97.60, and as we mentioned yesterday, the next price trend depends on surpassing one of the mentioned levels, as breaking the support line will bring back the negative scenario, targeting 95.80 initially, while breaching the resistance will push the price to visit the psychological barrier at 100.00.


Expected trading range for today is between 96.00 support and 99.00 resistance.

Expected trend for today: Neutral

[PCMAnalyst]

According to the previous comment the price is fluctuating in a consolidation area in daily TF. We expect to have it moved along with the trend out from this area.

[Samirofi]

USD JPY negotiates the broken support 19/08/2013



The pair fluctuates around the previously broken support level around 97.60, keeping the stability below it, while Stochastic provides a negative overlapping signal now, these factors keep the bearish trend expectations valid, reminding you that our targets begin at 95.80 and extends towards 93.75

The stability of the daily close below 97.60 is important for the continuation of our bearish trend expectations.

Expected trading range for today is between 95.80 support and 98.00 resistance.

Expected trend for today: Bearish

[Samirofi]

USD JPY still around the support line 20/08/2013



The pair remains trading around the support level 97.60, noticing that yesterday’s close was achieved below it, which keeps the expected bearish trend in our last reports valid and active, supported by the negative signal that comes from Stochastic, where we are waiting for intraday targets begin at 95.80

Expected trading range for today is between 95.80 support and 98.00 resistance.

Expected trend for today: Bearish