The USDJPY trades now near to an important resistance level around 81.80 ,what do we have here:

1- The long-term bear channel resistance around 81.50 / 81.80 area.

2- 61.8 % Fibonacci retracement of  15 Mar 2012 highs to 16 Apr 2012 lows at 81.77

3- %R indicator suggests a trend continuation at 81.50 of the bearish breakout 82.25

4- RSI , broke below the 30, suggested bearish momentum in medium term ,then rose towards 60 , broke above it, then declined below 60,…

USDJPY; A trend continuation of 83.45 at 81.12 opens risk towards 79.00/78.00 levels

As shown on the hourly chart, last month we had bearish breakout at 83.45  - USDJPY, Bearish Breakout Suggests Further Weakness ! - according…

Recommendation : Upon the chart posted above my recommendation is selling the pair around 80.50 targeting 79.60 and 78.50 , stop loss at…

Chances of resuming the upward move are strong as long as stability is above 115.00 -116.00 levels!!

Best…

If you take a quick look to the chart , you can easily notice the hidden bearish divergence on weekly !

From the chart above , it's obvious that we are in strong downward trend  !!!

The last 5 or 6 weeks , the pair breached and closed above EMA 50 and made a new high " peak" at 85.50 , the next week , the…

With Yesterday close 133.60 the pair breached below EMA 50 on daily chart and added strong negativity to the pair , the most thing that need to be watched yesterday's low 132.92 , we only need a daily close below this to support the bearish wave ?!!

Technically , Macd is below the zero line ( today candle )…

The bullish correction that happened last week was limited , even the pair closed above EMA 50 on 4 hour, the pair found resistance at 82.72 , but it was unable to break above that level , the EMA 50 on daily chart was dominating the pair movement ,it served as strong resistance and pushed the pair to move down…

Recommendation: Upon the chart posted above , my recommendation is buying the…

Weekly Report ( 14 Mar - 18 Mar 2011 )

The pair opened this week with a big bearish gap and breached below…

Hello everyone..check out these charts posted below ?!!…