USD/JPY Technical Analysis
(US Dollar / Yen)

usdjpy
usdjpy


Updated the:
07/25/2014
USD/JPY : 101.82 - Key level for the medium term trend

Sentiment :
sentiment sur la parité AUD/USD
101.60
sentiment sur la parité AUD/USD
101.50
sentiment sur la parité AUD/USD

--- New analysis ---
The pair USD/JPY validated yesterday an output of its medium term bearish channel (purple dotted lines) and a bullish rally occurred. The return above 101.60 gave us the buy signal. This morning the pair has tested a major resistance at 101.82. This level is important for the medium-term trend, it includes many highs / lows. In the short term, the price is moving into a bullish channel (blue lines).

We advise to trade only long positions (buy) as far as 101.60 is support. The break of 101.82 would validate the return of the medium-term uptrend. Then, the price will have in line of sight 102 and 102.15 in extension.

In case of return below 101.60 (short-term channel output), we will again advise to remain neutral between this level and 101.50.

ps : Traders with a more aggressive strategy could the pair according to 101.60 (long above; Short below).
Full analysis

Analysis published by Bruno Dupray, the 07/25/2014 at 08h45 GMT+2

Chart of the pair USD/JPY - Timeframe 1H
USD/JPY Technical Analysis

Chart of the pair USD/CAD - Timeframe 4H
USD/JPY Technical Analysis

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