You are not logged in.


Index » Medium Term : Charts, Analysis and Trade Ideas » 

USD/JPY : A new annual high result of the takeover of the right in Japan


Pages: 1

#1 ⇑ Haut ⇑ 17-12-2012 10:08:29

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.66/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.7/5 (286 votes)


Share this topic :

USD/JPY : A new annual high result of the takeover of the right in Japan

It's been over a month that investors expect the elections of the right in in Japan and it has been done since this weekend. The right aims to fight against deflation practicing a more aggressive monetary policy. A significant bullish gap is occured on the USD/JPY who has reached at the opening this Sunday a new annual high at 84.23, surpassing the one of March 15th for a few pips.

The price is currently testing the resistance at 84 and a filling of the gap is likely to occur towards 83.52. The price will be supported both on a short-term uptrend channel that has just appeared (blue lines) and the medium-term bullish slant (purple line).

We continue to advise long positions as far as 83.30 is support (level of medium term slant). The validation of the break of 84 would allow the price to rally towards the major resistance at 85.

In case of return below 83.30, we will be neutral between this level and the major support at 82.71.

USD/JPY 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-17122012.png

USD/JPY 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-17122012-2.png







signature forex
 

#2 ⇑ Haut ⇑ 24-12-2012 09:32:35

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.66/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.7/5 (286 votes)


Share this topic :

Re: USD/JPY : A new annual high result of the takeover of the right in Japan

Since the election of the right in Japan last week, the currency pair USD/JPY is moving in a range between 84 and 84.50. Despite this, the price has opened again on a new bullish gap last night but it remains small.

This horizontal moving has resulted to an output of the short term bullish (blue lines) but the medium-term bullish slant is still support (purple line).

We continue to advise long positions as far as 83.67 is support (level of the last week bullish gap). The upward break of 84.50 will give a new buy signal and will permit the price to reach the key resistance at 85 and make a new annual high.

In case of return under 83.67 (medium term bullish slant breakout), we will be neutral between this level and the major support at 83.

USD/JPY 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-24122012.png

USD/JPY 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-24122012-2.png




signature forex
 

#3 ⇑ Haut ⇑ 26-12-2012 09:17:21

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.66/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.7/5 (286 votes)


Share this topic :

Re: USD/JPY : A new annual high result of the takeover of the right in Japan

The U.S. dollar is reaching a high of 20 months against the yen that never stops falling against Forex currencies. The pair USD/JPY is testing the highest of April 7th 2011 at 85.50. This level could therefore cause a slight movement of correction on the short term but should not jeopardize the uptrend.

We continue to advise long positions as far as 84.50 is support. This level corresponds to the medium-term bullish slant (purple lines). On the shorter term, the price is currently testing the lower limit of its former uptrend channel (blue lines) as resistance.

The upward break of 85.50 will give a new buy signal and allow the price to reach a high of more than 2 years towards 86 and 87 in extension. In case of return under 84.50 (slant breakout), we will be neutral between this level and the major support at 84 which corresponds to the former last high of 2012.

USD/JPY 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-26122012.png

USD/JPY 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-26122012-2.png




signature forex
 

#4 ⇑ Haut ⇑ 28-12-2012 09:47:14

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.66/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.7/5 (286 votes)


Share this topic :

Re: USD/JPY : A new annual high result of the takeover of the right in Japan

The U.S. Dollar continues to rise against the yen. The break of the resistance at 85.50 gave us a new buy signal, allowing the pair USD/JPY to reach a high of more than 2 years. This upward movement was sustained on the short term by a bullish slant (black line). The price also reinstated its the short term bullish channel (blue lines) and still evolving over the medium term bullish slant (purple line).

We continue to advise long positions as far as 85.50 is support. The upward break of the resistance at 87 will give a new buy signal and would allow a pursuit of the movement towards the next resistance at 87.50.

In case of return below 85.50, we will be neutral between this level and 84.50 (level of the  medium term bullish slant).

USD/JPY 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-28122012.png

USD/JPY 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-28122012-2.png




signature forex
 

#5 ⇑ Haut ⇑ 03-01-2013 09:41:22

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.66/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.7/5 (286 votes)


Share this topic :

Re: USD/JPY : A new annual high result of the takeover of the right in Japan

The pair USD/JPY (US Dollar/Yen) continues its upward movement in trend as shown by the new short-term bullish channel (black lines). On the medium term, the price is still moving above its bullish slant (purple line). The recent breakout of the resistance at 87 gave us a new buy signal. The price seems to be stabilized above this level.

We continue to advise long positions as far as 86.50 is support. The upward breakout of 88 will give a new buy signal and allow a pursuit of the movement towards the next resistance at 89.

In case of return below 86.50 (output channel in h1), we will be neutral between this level and the support at 85.50.

USD/JPY 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-03012013.png

USD/JPY 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-03012013-2.png




signature forex
 

#6 ⇑ Haut ⇑ 09-01-2013 09:06:23

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.66/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.7/5 (286 votes)


Share this topic :

Re: USD/JPY : A new annual high result of the takeover of the right in Japan

A correction occurred yesterday on the pair USD/JPY while the price seems to be heading straight towards our goal to 89. This movement resulted in an output of the short-term bullish channel (black lines). However, the price found support on 87 and the uptrend is currently not questioned.

We continue to advise long positions as far as 86.50 is support. This level corresponds to the medium-term bullish slant (purple line). A return above 88 will reinforce our bullish sentiment and should allow the price to reach this time the resistance at 89.

In case of return below 86.50, we will be neutral between this level and the 85.50 support.

USD/JPY 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-09012013.png

USD/JPY 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-09012013-2.png




signature forex
 

#7 ⇑ Haut ⇑ 11-01-2013 10:17:43

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.66/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.7/5 (286 votes)


Share this topic :

Re: USD/JPY : A new annual high result of the takeover of the right in Japan

The Yen is currently at a high of two and a half years against the U.S. dollar after a bounce yesterday on the support at 87. The price is currently testing the resistance at 89 and just touched the lower band of the former short-term uptrend channel (black lines). On the short term, a new bullish slant seems to lead the movement (blue line).

We continue to advise long positions as far as 87.75 is support. The pair is still moving above its medium term bullish slant (purple line). A break of 89 will give a new buy signal and allow the test of the psychological resistance at 90. In extension, 91 is a minor resistance.

In case of return below 87.75, we will be neutral between this level and 87 (level of the medium term bullish slant).

USD/JPY 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-11012013.png

USD/JPY 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-11012013-2.png




signature forex
 

#8 ⇑ Haut ⇑ 22-01-2013 10:15:45

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.66/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.7/5 (286 votes)


Share this topic :

Re: USD/JPY : A new annual high result of the takeover of the right in Japan

The USD/JPY pair has failed to overcome the psychological resistance at 90 earlier this week, causing a short term correction. The upward trend is not questioned as shown in this new medium term bullish channel (brown lines). On the long term, the price continues to evolve above its bullish slant (purple line).

We continue to advise long positions as far as 88 is support. The lower band of the bullish channel could act as support towards 88.50. A new test for resistance to 90 is expected soon. The breakout of this level will give a new buy signal and allow the price to reach the next resistance at 91.

In case of return under 88, we will be neutral between this level and 87 (level of the bullish slant).

USD/JPY 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-22012013-2.png

USD/JPY 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-22012013.png




signature forex
 

#9 ⇑ Haut ⇑ 24-01-2013 09:08:12

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.66/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.7/5 (286 votes)


Share this topic :

Re: USD/JPY : A new annual high result of the takeover of the right in Japan

The pair USD/JPY has made a pullback yesterday on the support at 88 before resuming its uptrend background and reinstate its medium term bullish channel (brown lines). The price now seems to move towards a new test of the psychological level at 90. However, the pair must overcome first a short term bearish slant (blue line).

We continue to advise long positions as far as 88 is support. A stay above 89 would comfort our bullish sentiment. This level corresponds to the lower limit of the channel. The upward break of 90 should allow a further bullish momentum on the pair towards 91/91.50.

In case of return below 88, we remain neutral between this level and the major support at 87. This level corresponds to a bullish slant which is leading the long-term uptrend since last November.

USD/JPY 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-24012013-2.png

USD/JPY 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-24012013.png




signature forex
 

#10 ⇑ Haut ⇑ 25-01-2013 09:42:23

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.66/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.7/5 (286 votes)


Share this topic :

Re: USD/JPY : A new annual high result of the takeover of the right in Japan

The decline of the yen has continued in trend yesterday and this morning, allowing a crossing of the psychological resistance at 90 (new buy signal). The price is still evolving into its short term bullish channel (brown lines).

We continue to advise long positions as far as 89 is support. This level corresponds to the lower limit of the channel. A pullback on the support 90 is possible before a pursuit of the movement. A stay above this level will reinforce our bullish sentiment. Further bullish movement is expected to the resistance at 91 and 92 in extension.

In case of return below 89, we remain neutral between this level and 87.50. This level corresponds to the long terme bullish slant, active since November.
USD/JPY 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-25012013-2.png

USD/JPY 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-25012013.png




signature forex
 

#11 ⇑ Haut ⇑ 28-01-2013 09:40:29

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.66/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.7/5 (286 votes)


Share this topic :

Re: USD/JPY : A new annual high result of the takeover of the right in Japan

The rise never ends on the pair USD/JPY which reached new year highs this morning. The price is currently testing the resistance at 91, a level which corresponds to the upper limit of the short-term bullish channel (brown lines).

Although a pullback on the psychological support at 90 stay possible, we maintain to trade only long positions as far as 89.50 is support. Further movement to 92 is expected soon. The break of the resistance at 91 should allow the realization of this scenario.

In case of return below 89.50, we will be neutral between this level and the support at 88.08. This level corresponds to level the medium term bullish slant (purple line) that lead the uptrend since November. Only its break would allow us to advise short positions.
USD/JPY 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-28012013-2.png

USD/JPY 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-28012013.png




signature forex
 

#12 ⇑ Haut ⇑ 01-02-2013 09:51:56

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.66/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.7/5 (286 votes)


Share this topic :

Re: USD/JPY : A new annual high result of the takeover of the right in Japan

On speculation that Japanese Prime Minister may soon elect a new governor for the Bank of Japan, the Yen has again depreciated sharply against the U.S. dollar. The break of the resistance at 91 gave us a new buy signal. Currently, the price is testing the next resistance at 92 which corresponds to the upper limit of the medium term bullish channel in which the pair USD/JPY is moving since the beginning of the year.

We continue to advise long positions as far as 91 is support. Our bullish sentiment is reinforced by the emergence of a new short-term bullish slant (blue line) which could lead the price to the daily resistance at 93.33. By extension, the price could reach 94.

In case of breakout of the bullish slant, a pullback of 91 would be expected. A return below this level and we will advise when to stay flat on the pair between 90 and 91. A break of 91 mark a channel output.
USD/JPY 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-01022013-2.png

USD/JPY 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-01022013.png




signature forex
 

#13 ⇑ Haut ⇑ 05-02-2013 08:54:25

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.66/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.7/5 (286 votes)


Share this topic :

Re: USD/JPY : A new annual high result of the takeover of the right in Japan

The pair USD/JPY gave us a new buy signal by breaking the resistance at 92. This has allowed a test of the daily resistance at 93.33 before the price made a pullback on the support at 92 and on its short term bullish slant (blue line). Support levels were slightly changed to fully take all recent highs and lows.

We continue to advise long positions as far as 91.27 is support. On the medium term, the price has reintegrate its bullish channel (brown lines). The break of 93.33 will give a new buy signal and would allow the price to extend its movement towards 94. However, if the bullish slant is broken, an extension of the correction is expected to 91.27.

In case of return below 91.27, we will be neutral between this level and 90.44. This level corresponds to the lower limit of the bullish channel and its break would give a sell signal.

USD/JPY 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-05022013-2.png

USD/JPY 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-05022013.png




signature forex
 

#14 ⇑ Haut ⇑ 07-02-2013 08:58:05

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.66/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.7/5 (286 votes)


Share this topic :

Re: USD/JPY : A new annual high result of the takeover of the right in Japan

Yen never stops falling against the U.S. dollar. The pair USD/JPY broke yesterday the daily resistance at 93.33 (new buy signal) after a pullback on the support at 92. On the medium term, the price continues to evolve above the upper limit of the bullish channel (brown lines).

We continue to advise long positions as far as 92 is support. The pair is still moving above its short term bullish slant (blue lines) and that reinforces our bullish sentiment. The price should continue its movement towards the psychological resistance at 95 and reach 96 in extension. However, if the bullish slant is broken, a new pullback on 92 is expected.

In case of return below 92, we will be neutral between this level and 90.44. This level corresponds to the medium term bullish slant (purple line) and its break would give a sell signal.

USD/JPY 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-07022013-2.png

USD/JPY 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-07022013.png




signature forex
 

#15 ⇑ Haut ⇑ 12-02-2013 09:17:14

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.66/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.7/5 (286 votes)


Share this topic :

Re: USD/JPY : A new annual high result of the takeover of the right in Japan

After completing a pullack on 92.50, the pair USD/JPY has resumed its forward move and is approaching the psychological resistance at 95. On the short term, the price broke its bullish slant (blue line) which is now resistance. On the medium term, the price continues to evolve above the upper limit of the bullish channel (brown lines) that is close from the support at 93.34.

We continue to advise long positions as far as 92.50 (last low) is support. The breakout of the resistance at 95 will give a new buy signal and should open the way towards 96.

In case of return below 92.50, we will be neutral between this level and 91.50. This level corresponds to the lower limit of the bullish channel and its breaks will give a sell signal.

USD/JPY 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-12022013-2.png

USD/JPY 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-12022013.png




signature forex
 

#16 ⇑ Haut ⇑ 19-02-2013 08:54:58

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.66/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.7/5 (286 votes)


Share this topic :

Re: USD/JPY : A new annual high result of the takeover of the right in Japan

No major changes on the pair USD/JPY who is currently in a range between 92.50 and 94.24. The price continues to evolve on its medium term bullish channel (brown lines). The pair performed a pullback last week on 92.50  and is again back above the support at 93.32.

We continue to advise long positions as far as 92.50 (last low) is support. The breakout of the resistance at 94.24 will give a new buy signal and should open the way towards 95.

In case of return below 92.50, we will be neutral between this level and 92. This level corresponds to the lower limit of the bullish channel and its breaks will give a sell signal.

USD/JPY 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-19022013-2.png

USD/JPY 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-19022013.png




signature forex
 

#17 ⇑ Haut ⇑ 22-02-2013 09:19:19

Bruno
Trader, Analyst and webmaster for Forex-Tribe
Forex
Registered: 07-12-2008
Posts: 30891
Reputation :   
Website
Rate this member :
  • Currently 2.66/5
  • 1
  • 2
  • 3
  • 4
  • 5


  • Note : 2.7/5 (286 votes)


Share this topic :

Re: USD/JPY : A new annual high result of the takeover of the right in Japan

The pair USD/JPY is moving horizontally since February between the support at 92.37 and the resistance at 94.18. On the short term, a triangle of consolidation is formed (blue lines). The price is currently testing the lower limit of the medium term bullish channel (brown lines).

We continue to advise long positions as far as 92.37 is support. An output of the triangle from the top would reinforce our bullish sentiment. The break of 94.18 resistance would mark the resumption of the uptrend background. We will then target 95 and 96 in extension.

In case of return below 92.37, a sell signal will be given. The output of the channel will be confirmed. A test of the long-term bullish slant (purple line) to 91 and 90.45 in extension will be expected.

USD/JPY 1h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-22022013-2.png

USD/JPY 4h chart
http://www.tribuforex.fr/analyses/FOREX/usdjpy-22022013.png




signature forex
 

Index
  •  » Medium Term : Charts, Analysis and Trade Ideas » 

    USD/JPY : A new annual high result of the takeover of the right in Japan



  • Pages: 1