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Yen Correction on the Horizon?

Posted by Forexsq 71 days ago (http://www.dailyfx.com)
img Forexsq.com - Any indications of a technically overbought USDJPY market are useless, with the pair relentlessly pushing higher to leave hourly, daily and weekly studies all highly stretched and begging for a pullback. However, these technical readings have been looking like this for several sessions already and the market couldn’t care less. We have been talking of a major structural shift in thi

USD/JPY potential exhaustion signal

Posted by Forexsq 74 days ago (http://www1.migbank.com)
img USD/JPY has triggered a potential DeMark™ exhaustion signal after its recent surge higher above 82.00. • Watch for confirmation above 82.65 and 83.85, to resume the bullish recovery which has already risen over 7% since late January. • Support remains at 80.59 (07 March swing low) and 80.00 (psychological level), a break beneath here will target further setbacks into 79.60. • These levels are exp

Yen Price Action Confounds As Currency Remains Under Intense Pressure

Posted by Forexsq 92 days ago (http://www.dailyfx.com)
img Forexsq.com - Markets have been very quiet over the past 24 hours and there has been very little in the way of any noteworthy developments. The two most interesting things going right now in our opinion are the price action in the Yen, and the price action in global equities prices. While most of the time these two markets would be highly correlated and effectively one in the same in terms of und

USD/JPY holds above 200-day avg for first time in several months

Posted by Forexsq 100 days ago (http://www1.migbank.com)
img Forexsq.com - SD/JPY is holding above the 200-day average for the first time in several months. The move follows last week’s sharp rebound which was triggered by a bullish DeMark™ signal from oversold conditions (see bottom intraday chart). Our view remains bullish, as USD/JPY verges toward a major long-term 40-year cycle upside reversal. Expect key cycle inflection points to resume sharply over

Technical Analysis: USD/JPY | Admiral Markets

img The pair dropped to the 76.50 support. Breaking below this level would aim the pair for testing the 75.50 low. However, should the pair hold above 76.50, we could see a rebound back towards the 100-Day SMA by 77.20, the 50-Day SMA by 77.40 and ultimately ahead of the 200-Day SMA by 78.30.

Technical Analysis: USD/JPY | Admiral Markets

img The pair broke the 50-Day SMA by 77.40 and reached the 78.00 level. Now we look for additional gains towards the 200-Day SMA by 78.40, with a daily close above to open a door for reaching the key 79.50 resistance. However, should the pair stall out by the 200-Day SMA, we could see a setback towards the 50-Day SMA, the 100-Day SMA and the 76.50 support.

Technical Analysis: USD/JPY | Admiral Markets

img The pair is still trying to break the 76.50 support. Should it succeed, it will confirm declines ahead of the 75.50 low. Otherwise, we could see a rebound towards the 100-Day SMA by 77.15 or the 50-Day SMA by 77.40, with a break and consolidation above to extend gains towards the 78.30 resistance and the 200-Day SMA by 78.50.

Technical Analysis: USD/JPY | Admiral Markets

img The pair is trading within the same tight range below the 100-Day SMA, so we see the risks of testing the 76.50 support, with a break below to confirm declines ahead of the 75.50 low. Only a consolidation above the 100-Day SMA would extend gains towards the 50-Day SMA by 77.45, the 78.30 resistance and the 200-Day SMA by 78.50.

USDJPY - Bullish while above 77.07

Posted by financegurus 140 days ago (http://www.tradingfloor.com)
img After 170 pip losses in 4 days , signs that selling interest was stalling were confirmed yesterday with USDJPY recording the strongest improvement in almost 1.5 months trading, This positive bias should remain and so our call is Bullish above 77.07.

USD/JPY: Probability favours retracement to pre-intervention levels - ForexSQ

Posted by Forexsq 184 days ago (http://www.migbank.com)
img USD/JPY is continuing to edge lower, with the growing probability of another price retracement back to pre-intervention levels (PIR) and potentially even a new post world war record low beneath 75.35 (PINL). •Furthermore, sentiment in the option markets continues to suggest that USD/JPY buying pressure remains overcrowded as everyone in the market continues to try and be the first to call the mar

Forex - USD/JPY still basing around its new all-time low

Posted by Forexsq 212 days ago (http://www.migbank.com)
img USD/JPY maintains a confluence of DeMark™ exhaustion bullish signals, after yet another new post WWII record low which was carved out at 75.82. These reversal signals are also following the second post intervention retracement in 2011, which is holding around a multi-week base pattern. It is also worth noting that our volatility measures remain very low and continue to favour a major breakout ove

Classical Technical Report about USD/JPY

Posted by forexMarket 346 days ago (http://www.dailyfx.com)
img USD/JPY:After undergoing a fairly intense drop off from the 85.50 pad several days back, the market looks to have in future embark on some sustain in the 80.00 locus and could be in the process of carving outward some form of a base.

USD/JPY Analysis-June 06,2011

Posted by fxcraz 354 days ago (http://www.forextradingevo.com)
img Daily Technical Analysis of USD/JPY for 06/June/2011. Forex Technical Analysis will help you to get more understanding regarding your trading strategy. Market runs on Technical and Fundamental Analysis.

USD/JPY Analysis-June 01,2011

Posted by fxcraz 359 days ago (http://www.forextradingevo.com)
img Daily Technical Analysis of USD/JPY for 01/June/2011. Forex Technical Analysis will help you to get more
understanding regarding your trading strategy. Market runs on Technical and Fundamental Analysis.

Forex - Buy USDJPY Below 85.00

Posted by forex 415 days ago (http://www.dailyfx.com)
img

A daily close above 84.50 - the 12/15/2010 session high - has taken USDJPY out of the range that had confined price action over the past six months. Daily RSI readings are deep into overbought territory however and a pullback seems likely before the move resumes. I will look to enter long anywhere in the 83.74-84.50 area (ideally as low as possible given adequate confirmation that the co