Only charts

Usdjpy fell from 110.20¥ to the low of the day 104.50¥ , the pair is currently trading at 107.50¥ Look at below chart. What will you see is a rising trendline on the weekly time frame. If we close below that Line , the pair will be having more amounted pressure and it may fall to below 100¥ mark within short period... That level (104.50¥) is critical support for the pair and the last line of defense. A break below will start a new bearish trend for the pair which might send it back to 80¥ area again, level not seen since 2013. If the pair finds support , we will have first resistance at 109.60¥ followed by 112.40¥ 

Here is the currencies forecast for 2019 from nordea bank :

As advised in an earlier post , usdjpy rallied from 112.60¥ and currently testing 113.50¥ which is around 78% fibconnaci retracment level A short position can be opened at current level with target 112.80¥ and stoploss on any 1h candle close above 113.50¥ . A break above 113.50¥ will send the pair to 114.60¥ area. RSI indicator is currently sitting at 70 mark .  There is no much of economic data today , key event will be CPI inflation data to be released at 13:30 GMT.

The chart says that we have a rising trendline . usdjpy still finds support near the trendline and it is also area of horizontal support for the pair. Long positions can be opened with stoploss on 4hour candle close below the rising trend line and take profit around 113.30¥. A break below the trend line will open the way for a test of 109.70¥ where it will find some support on the daily chart.

$usdjpy is trending this week steadily , currently trading at 113.60¥ , I expect the pair to have clear path towards 114.60¥ during this week. Dollar is gaining strength across the board against euro and sterling . A break below 113¥ will make this trade invalid . Stay long and take minor profit at 114.60¥

Usd/jpy will break and stabilize above 112¥ anytime soon. The pair has found decent support around 110.60¥ .and has been building bullish sentiment over the last few trading session.  The pair made a low today @ 111.65¥ and a high of 112.26¥. The trade tensions between united states and China and the tariffs war is the definitely headlines everyone watching for . however , as I believe strongly in technical analysis as the king , then we should see news that will help the dollar rally against Japanese yen soon. First Long term target is definitely around 115¥

Usdjpy is trying hardly break the downtrend line from 118¥ high after trump winning presidency in November 2016. The pair is currently trading at 110.65¥ , it might keep gaining to reach 112.40¥ area before reversing back again. I would like to short the pair at 112.40¥ area , it will be really profitable trade with very low risk.

Eurusd trimmed the  sharp fall after the FOMC and the fed raising the rates. The pair fell to 1.1730$ where it found support again and again and reversed the move sharply to trade currently at 1.1790$ . The pair broke above the falling trendline and maintains a bullish sentiment ahead of the ECB meeting tomorrow. It is recommended to buy on dips. However , follow for MY update tomorrow ahead of the ECB. A CORRELATED PAIR TO WATCH IS USD/JPY.

Tomorrow , Thursday , is the day you sell usdcad at whatever level you want. Probably at 1.3030-3130 , i know this is a big range , but it will pay off hugely . The fed raised and there is still scope for 2 more hikes this year. There will be some dollar strength of course today and tomorrow before we see a reversal Shortly , i will post a recommendation for trading usdjpy as well.

Usdjpy plunged after reaching 109.80¥ already mentioned in my earlier post today. You should have all made a 25 pips profit then. I think we still have a chance for usdjpy to get back above 110 mark.

Start a long position at 109.50¥ area with little target at 109.80¥ . The pair is very well supported around this area , however it is unable to break 110.20¥ area. Keep following for updates

The Dollar strengthened sharply since the beginning of May as I have already expected . You can follow me on twitter for frequent updates on my trades and recommendations . I see the dollar stalling for the current levels . We have 1.3480$ level which is a very critical support for the pair and I believe we will see a rebound to 1.37 before any retest of that support level again. Also , Eurusd has major support at the famous 1.1860$ and it is expected we might retest 1.20$ floor soon. Usdjpy is still unable to break above bearish trendline and showing strong bearish divergence . So a decline to 107.80 to 108.30¥ is most probably coming this week.

The economic calendar today is free except from fed's members "evans" and "williams" who are set to speak todat before and afer the release of FOMC minutes at 18:00 GMT. Low volatility is expected , however I see this event as very critical indicator for the direction of the dollar and it wilĺ decide if majors break the tought trendlines and support areas. Usd/jpy and usd/cad are facing trendlines and failed to break on friday after NFP figures..will they break the trendline after the fomc minutes ??? On the other side , we have eur/usd and gbp/usd which are very well supported at 1.1680$ and 1.3030$ areas respectively... I think we might see these areas and trendlines broken this week...

The dollar has been regaining some strength since friday noon. Usdjpy has recovered 100 pips from 107.30¥ ...the pair might face some tough resistance at current area, however i think we might be heading towards 110.80¥ soon. Resistance area can be found at 108.40 followed by very tough resistance at 108.80¥. If broken , we will have clear way to break the medium term downtrend andstart building new bullish trend targeting a break above 115¥ in the medium term. I am on the side of that reversal scenario unless we see a decisive break below 106¥ on daily or weekly close.

Dear traders , The pair broke the daily trend and the 200 DMA (daily moving average) and is currently testing a very important area as well which is 200 week moving average and weekly support area at 110.20¥ , which might support the pair and help it recover a modest recovery in short term to 112.20¥ The pair is seen trading between 105¥ and 116¥ during 2017 , it will be kind of range pattern rather than trending. It is still not clear wether the pair will maintain its pullish trend after trump victory back in november and its 1800 pips rally. So the pullback to 110¥ is very logical action and we might find more decline to 105¥ Choose your trading strategy wisely based on your trading behavior.

Usdjpy has finally found a very important support area which will recover from . The pair can find 200 daily moving average at 111.12¥ and it is very critical support area as shown below on the daily chart. The pair also can find support by trendline coming from 100¥ back in Novemeber before the surprising victory for MR....TRUMP Ok..that was it and I hope you get the idea and take your trading decisions wisely and enjoy profitable trading week.

Usdjpy has made double bottom at 112.60¥ and rallied 200 pips Today the pair was very suppprted on the 1h timeframw at 113.15¥ and now after hitting previous resistance at 114.85 , the pair pulles back to test support at 114.30¥ The pair will find somw resistance at 115 handle and have strong support at 114.10-30 area , below which 113.65¥ will be very good opportunity to go long again targeting 116.30¥ Wish you all profitable trading If you want to copy my trades and make consistent monthly income ;  Subscribe to my signal on mql5 : https://www.mql5.com/en/signals/221947

The pair is showing some weakness around 108.50¥ which is 200 week moving average and weekly resistance. Targets of shorting the pair at that level would be 106.80¥ then 103.50¥ areas. However it is not recommended to short the pair now until it confirms a bearish resumption The pair might continue its rally to 110.60¥ and that level would be very good short entry for a long term trade. My overview for the pair is bearish and targeting 83¥ on the long term.

The pair "usdjpy" has been on rally since yellen stated "the case for rate hike has strenghtened" , the pair rallied more than 350 pips since friday and it was supported by a trend line on the 1h chart. However the pair is currently testing the upper band of the downside channel. The pair has been in downtrend channel since january and is currently testing the channel up at 103.70-80¥. Trade recommendation : Short the pair at this point targeting 102.20 ¥ Stoploss if the pair closes the day above that area. You can wait for a break of channel and enter long . However put in mind the possibility of rate hike in september. we have two scenarios ; the first one is that usdjpy is going to respect the channel for the moment and pullback to trendline support on the hourly chart where 102.20 lies and rally again from the point and break the channel on the news of rate hike . The second scenario is the pair breaking the channel and testing the upper trend line of the...

The pair "eurjpy" has been trading in range since the first of august. The range is between 112.50 and 113.90¥ . The pair has been trending last week , and closed the first 4h above the range. The pair has next resistance at 114.30-60 area where 200 MA "simple and exponential" lies. Recommendation: the pair is looking constructive and there is a big chance of the pair breaking above the moving average and stabilizing heading towards 118.00 handle. The pair has made a low of 109.80¥ this year and has been trending lower since 142 ¥ levels. So , you will have to watch the trend line along its way to 118.40 , we have two trend lines as shown below in "orange" The move will be probably drived by a big move in (usdjpy) after yellen indicated that the case for rate hike strengthened as the economy has been meeting federal reserve goals. Yellen also pointed on friday at jackson hole , that employment reports and prices stability has been major support for t...