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If we could be of any service for you we would like to represent you our new technical analysis.
The pre-planned short positions from key resistance range levels has been implemented with overlap of minimal anticipated target. OsMA trend indicator marks activity parity of both parties and gives grounds to suppose probability of rate range movement but with bearish direction of trading operations for today. On the assumption of it we can assume probability of rate return to close 94,40/60 resistance range levels where it is recommended to evaluate development of the activity of both parties in accordance with the charts of a shorter time interval. As for short-term sales on condition of formation of topping signals the targets will be 93,80/94,00, 93,20/40 and (or) further break-out variant up to 92,60/80, 92,00/20, 91,20/40. The alternative for buyers will be above 95,60 with the targets of 96,00/20, 96,60/50, 97,00/20.
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Attached Images

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USD/JPY's break of 94.81 minor resistance suggests that retreat from
95.37 has completed and flips intraday bias back to the upside. Break
of 95.37 will target 100% projection of 91.73 to 94.78 from 93.07 at
96.12 next. On the downside, below 94.01 will indicate that more
consolidation would be seen but after all, short term outlook remains
bullish as long as 93.07 support holds and rise from 91.73 is still in
favor to extend. However, note that break of 93.07 will indicate that
rebound from 91.73 has completed and will turn bias back to the
downside for retesting this low.[actionforex]

At this point, intraday bias in USD/JPY remains on the upside with 96.78 minor
support intact. As discussed before, the decisive break of short term falling
channel resistance indicates that fall from 101.43 has completed with three
waves down to 91.73 already. Further rise should be seen to 98.87 resistance
first and break there will confirm this case and target 101.43 high next. On
the downside, below 96.78 minor support will turn intraday outlook neutral
first and bring consolidation. But downside should be contained above 95.05
support and bring rally resumption.[actionforex]

Attached Files

USDJPY.pdf (330.6 KB, 0 views)

The Japanese Yen surged sharply higher to start the trading week as stocks fell after an election brought the Democratic Party of Japan into power for the first time ever, boosting uncertainty about economic policy, while China’s shares dropped to a three-month low on disappointing earnings from China Merchants Bank.[dailyfx]

P&F USDJPY60 Box Size 250X4 or(1.05%) CLOSE
Data 98.832 - 91.944 ~ 3 Month ~ 89.04 Day
Database 1501 records 92.656 (Last Close)
2009-06-03 06~00
2009-08-31 07~00
BJF Trading Group

98.75|~25|||x_____________________________________ ______________|0.08%|7.4%
98.50|~5O|||x_o_x_________________________________ ______________|0.34%|7.13%
98.25|~75|||x_o_x_o_______________________________ ______________|0.59%|6.86%
98.00|~1OO||x_o_x_o_______________________________ ______________|0.84%|6.59%
97.75|~125||x_o_x_o_______________________________ ______________|1.09%|6.31%
97.50|~15O||x_o_x_o_______________________________ __x___________|1.35%|6.04%
97.25|~175||x_o_x_o_______________________________ __x_o_________|1.6%|5.77%
97.00|~2OO||x_o___o_x___x_________________________ __x_o_________|1.85%|5.5%
96.75|~225||x_____o_x_o_x_o_____x_________________ __x_o_________|2.11%|5.23%
96.50|~25O||x_____o_x_o_x_o_____x_o_______________ __x_o_________|2.36%|4.96%
96.25|~275||x_____o_x_o_x_o_x___x_o_______________ __x_o_x_______|2.61%|4.68%
96.00|~3OO||x_____o___o_x_o_x_o_x_o_______________ __x_o_x_o_____|2.87%|4.41%
95.75|~325||x_________o_x_o_x_o_x_o_____________x_ __x_o_x_o_____|3.12%|4.14%
95.50|~35O||__________o___o_x_o_x_o_____________x_ o_x_o_x_o_____|3.37%|3.87%
95.25|~375||______________o_x_o_x_o_________x___x_ o_x_o_x_o_____|3.62%|3.6%
95.00|~4OO||______________o___o___o_________x_o_x_ o_x_o___o_____|3.88%|3.32%
94.75|~425||______________________o_________x_o_x_ o_x_____o_x___|4.13%|3.05%
94.50|~45O||______________________o_____x___x_o_x_ o_______o_x_o_|4.38%|2.78%
94.25|~475||______________________o_____x_o_x_o_x_ ________o_x_o_|4.64%|2.51%
94.00|~5OO||______________________o_____x_o_x_o___ ________o_x_o_|4.89%|2.24%
93.75|~525||______________________o_____x_o_x_____ ________o_x_o_|5.14%|1.96%
93.50|~55O||______________________o_____x_o_x_____ ________o___o_|5.4%|1.69%
93.25|~575||______________________o_x___x_o_______ ____________o_|5.65%|1.42%
93.00|~6OO||______________________o_x_o_x_________ ____________o_|5.9%|1.15%
92.75|~625||______________________o_x_o_x_________ ____________o_|6.15%|0.88%
92.50|~65O||______________________o_x_o_x_________ ____________o_|6.41%|0.6%
92.25|~675||______________________o___o_x_________ ______________|6.66%|0.33%
92.00|~7OO||__________________________o_x_________ ______________|6.91%|0.06%
91.75|~725||__________________________o___________ ______________|7.17%|-0.21%
Column|~75O|137_6_104_6_6_8_5_5_7_184_6_115_8_5_7_ 5_12105_115_9_|
Count


1/JPY Index below.

Very good chart!!

USD/JPY's strong rebound today argues that recent fall from 97.77 is not ready to resume yet. Intraday bias is turned neutral again for the moment. As noted before, while consolidation from 90.12 might extend further and another rise to 92.52 cannot be ruled out, upside is still expected to be limited by 93.29 resistance and bring fall resumption. Break of 90.12 low will target lower channel support at 89.56 next. However, decisive break of 93.29 will indicate that whole fall from 97.77 has completed and will turn focus back to upper channel resistance (now at 96.44).[actionforex]

"P&F USDJPY5 Box Size 8X3 or(0.26%) HI/LO
Data 92.526 - 90.121 ~ 0 Month ~ 7.34 Day
Database 1525 records 91.443 (Last Close)
2009-09-16 07~55
2009-09-23 16~00 (GMT+01:00) Paris
BJF Trading Group"

92.56|~8||||______________________________________ __________________________|-0.04%|2.71%
92.48|~16|||______________________________________ ____x_____________________|0.05%|2.62%
92.40|~24|||______________________________________ ____x_o___________________|0.14%|2.53%
92.32|~32|||______________________________________ ____x_o___________________|0.22%|2.44%
92.24|~4O|||______________________________________ ____x_o___________________|0.31%|2.35%
92.16|~48|||______________________________________ ____x_o___________________|0.4%|2.26%
92.08|~56|||______________________________________ ____x_o_x_________________|0.48%|2.17%
92.00|~64|||______________________________________ ____x_o_x_o_______________|0.57%|2.08%
91.92|~72|||______________________________________ ____x_o_x_o_______________|0.65%|2%
91.84|~8O|||______________________________________ ____x_o___o_______________|0.74%|1.91%
91.76|~88|||______________________________________ ____x_____o_______________|0.83%|1.82%
91.68|~96|||______________________________________ ____x_____o_______________|0.91%|1.73%
91.60|~1O4||__________________x___________________ ____x_____o_______________|1%|1.64%
91.52|~112||__________________x_o_________________ x___x_____o_x___________x_|1.09%|1.55%
91.44|~12O||______________x___x_o_____________x___ x_o_x_____o_x_o_________x_|1.17%|1.46%
91.36|~128||______________x_o_x_o_____x___x___x_o_ x_o_x_____o_x_o_________x_|1.26%|1.37%
91.28|~136||______x_______x_o_x_o_x___x_o_x_o_x_o_ x_o_x_____o_x_o_________x_|1.35%|1.29%
91.20|~144||______x_o_x___x_o___o_x_o_x_o_x_o_x_o_ __o_______o___o_x_______x_|1.43%|1.2%
91.12|~152||______x_o_x_o_x_____o_x_o_x_o_x_o_____ ______________o_x_o_____x_|1.52%|1.11%
91.04|~16O||______x_o_x_o_x_____o___o___o_________ ______________o_x_o_____x_|1.61%|1.02%
90.96|~168||______x_o_x_o_x_______________________ ______________o___o_x___x_|1.69%|0.93%
90.88|~176||______x_o_x_o_x_______________________ __________________o_x_o_x_|1.78%|0.84%
90.80|~184||______x_o_x_o_x_______________________ __________________o_x_o_x_|1.87%|0.75%
90.72|~192||o_____x_o___o_x_______________________ __________________o_x_o___|1.95%|0.66%
90.64|~2OO||o_____x_____o_x_______________________ __________________o_x_____|2.04%|0.58%
90.56|~2O8||o_____x_____o_________________________ __________________o_x_____|2.12%|0.49%
90.48|~216||o_x___x_______________________________ __________________o_______|2.21%|0.4%
90.40|~224||o_x_o_x_______________________________ __________________________|2.3%|0.31%
90.32|~232||o_x_o_x_______________________________ __________________________|2.38%|0.22%
90.24|~24O||o_x_o_________________________________ __________________________|2.47%|0.13%
90.16|~248||o_____________________________________ __________________________|2.56%|0.04%
90.08|~256||______________________________________ __________________________|2.64%|-0.05%
Column|~264|8_4_3_137_6_8_113_5_7_3_3_4_4_4_3_4_3_ 4_4_168_3_114_7_3_9_6_3_10|
Count|~272|

USD/JPY Charges Higher Following Disappointing Trade Balance
Daily Forex Technicals | Written by FastBrokers | Oct 22 09 15:01 GMT |
USD/JPY Charges Higher Following Disappointing Trade Balance

The USD/JPY is popping after Japan’s Trade Balance came in much lower than analyst expectations coupled with a downward revision of the previous release. Analysts are eager to point out that Japan’s exports declined at a slower rate. However, the Trade Balance still took a hit, telling us the improvement in imports far exceeded that in exports. The USD/JPY is climbing in reaction to the unexpected outflow of Yen in conjunction with a rally fueled by oversold conditions. The USD/JPY has managed to separate itself from 90 while climbing past our 1st and 2nd tier downtrend lines. However, topside volume is fading and the currency pair still faces our 3rd and 4th tier downtrend lines along with 9/21 highs. Meanwhile, there are many downtrend lines we can construct beyond these barriers due to the currency pair’s extensive deterioration over the medium-term. Therefore, we are cautiously optimistic and will need further topside confirmation before considering revising our outlook on the USD/JPY over the longer-term. As for the downside, the USD/JPY continues to create breathing room. We find cushions in the form of our 3rd tier uptrend line along with 10/21 lows and the highly psychological 90 level.

Meanwhile, all eyes will be on tomorrow’s wave of EU and British econ data long with continued Q3 results. The USD/JPY’s correlation with U.S. equities it’s a bit out of whack these days. However, any broad-based favoritism of the risk trade would likely benefit the USD/JPY’s uptrend. Considering the GBP/USD and EUR/USD have limited topside technical barriers, the USD/JPY’s present run could have more room to go over the near-term.[actionforex]

"P&F USDJPY5 Box Size 10X3 or(0.33%) HI/LO
Data 91.7 - 88.829 ~ 0 Month ~ 9.06 Day
Database 2021 records 91.303 (Last Close)
2009-10-13 20~25
2009-10-22 21~45 (GMT+01:00) Paris
BJF Trading Group"

91.70|~1O|||______________________________________ __________________x___|0%|3.23%
91.60|~2O|||______________________________________ __________________x_o_|0.11%|3.12%
91.50|~3O|||______________________________________ ______________x___x_o_|0.22%|3.01%
91.40|~4O|||______________________________________ ______________x_o_x_o_|0.33%|2.89%
91.30|~5O|||========================x============= ==============x=o=x=o=|0.44%|2.78%
91.20|~6O|||________________________x_o___________ ______x___x___x_o_____|0.55%|2.67%
91.10|~7O|||________________________x_o_x_________ ______x_o_x_o_x_______|0.65%|2.56%
91.00|~8O|||________________________x_o_x_o_______ __x___x_o_x_o_x_______|0.76%|2.44%
90.90|~9O|||____________________x___x_o_x_o_x_____ __x_o_x_o___o_x_______|0.87%|2.33%
90.80|~1OO||____________________x_o_x_o_x_o_x_o___ __x_o_x_____o_________|0.98%|2.22%
90.70|~11O||________________x___x_o_x_o_x_o_x_o___ __x_o_x_______________|1.09%|2.11%
90.60|~12O||________________x_o_x_o___o___o_x_o___ __x_o_x_______________|1.2%|1.99%
90.50|~13O||________________x_o_x_________o_x_o_x_ __x_o_________________|1.31%|1.88%
90.40|~14O||________________x_o_x_________o___o_x_ o_x___________________|1.42%|1.77%
90.30|~15O||________________x_o_x_____________o_x_ o_x___________________|1.53%|1.66%
90.20|~16O||________________x_o_______________o_x_ o_____________________|1.64%|1.54%
90.10|~17O||________________x_________________o___ ______________________|1.74%|1.43%
90.00|~18O||________________x_____________________ ______________________|1.85%|1.32%
89.90|~19O||________________x_____________________ ______________________|1.96%|1.21%
89.80|~2OO||x___x___________x_____________________ ______________________|2.07%|1.09%
89.70|~21O||x_o_x_o_________x_____________________ ______________________|2.18%|0.98%
89.60|~22O||__o_x_o_____x___x_____________________ ______________________|2.29%|0.87%
89.50|~23O||__o_x_o_x___x_o_x_____________________ ______________________|2.4%|0.76%
89.40|~24O||__o_x_o_x_o_x_o_x_____________________ ______________________|2.51%|0.64%
89.30|~25O||__o_x_o_x_o_x_o_______________________ ______________________|2.62%|0.53%
89.20|~26O||__o_x_o___o_x_________________________ ______________________|2.73%|0.42%
89.10|~27O||__o_x_____o___________________________ ______________________|2.84%|0.31%
89.00|~28O||__o_x_________________________________ ______________________|2.94%|0.19%
88.90|~29O||__o___________________________________ ______________________|3.05%|0.08%
88.80|~3OO||______________________________________ ______________________|3.16%|-0.03%
Column||||||2_9_9_6_3_4_5_3_145_7_3_7_7_5_7_5_8_4_ 3_8_5_7_3_3_4_7_3_5_4_|
Count

Excel_USDJPY_Outlook.zip