USD/JPY 1hr 4hr Long Entry

This is a discussion on USD/JPY 1hr 4hr Long Entry within the Forex forums, part of the Markets category; The fell to the lowest levels in two weeks against the dollar, after Japan’s finance minister warned that Tokyo was ...

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Old May 9, 2016, 3:45pm   #1
Joined Apr 2016
USD/JPY 1hr 4hr Long Entry

The fell to the lowest levels in two weeks against the dollar, after Japan’s finance minister warned that Tokyo was prepared to intervene in the foreign exchange market if necessary.
Demand for the dollar was underpinned after New York Federal Reserve President William Dudley said Friday that it was reasonable to expect 2 rate hikes this year, despite data showing the U.S. job growth increased at the slowest rate in 7 months in April.
The RSI is located between the number 50 & 70 which indicates a bullish trend, with an important Fibonacci (38.2%) located right at our entry point.
The pair is reaching near supply area on the one hour chart at 108.320, with a stop at 108.000 and first target located at 110.000. At the moment we reach our first target I will take half my profit and continue to target two at 110.750.
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Old Jul 3, 2016, 5:18pm   #2
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The US dollar was down against the Japanese Yen on Friday. At the end of the trading session USD/JPY was trading at 102.48, shedding 0.73%.
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Old Jul 3, 2016, 5:22pm   #3
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USD/JPY: Key levels to watch for Monday:
Support: 101,37;
Resistance: 103,39.

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Old Jul 3, 2016, 6:13pm   #4
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The most probable movement of the USD/JPY is falling to the 100.00-101.00 zone, and as a major resistance level will perform the 103.50 zone. An alternative view - the possible growth of the pair to the level of 106.30. At the same time, we must remember that the USD/JPY is now at Pivot Point level of the first half of 2014 year, and perhaps for some time it will follow along this line.
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Old Jul 5, 2016, 9:26am   #5
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The US dollar remarked modest decrease against the Japanese Yen on Monday. The pair remained almost unchanged and lost only 7 pips. The graphics continue to develop under moving averages, while the index of relative strength remain on neutral territory. The outlook remains neutral in the short term, levels at 101.20 and 103.70 retain their key role.
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Old Jul 5, 2016, 5:32pm   #6
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Neutral in the short term? How short do they mean?
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Old Jul 12, 2016, 5:52pm   #7
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The US dollar recorded solid growth versus the yen on Monday, broke a six-day negative series and nearly recouping its losses. The dollar added almost 220 pips to a closing price of 102.77 after trading in the 102.88 and 100.52. Price overcame the mean values and the index of relative strength added significant positions, suggesting additional gains.
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Old Jul 12, 2016, 9:06pm   #8
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On Tuesday, the dollar falls against other major currencies as investors shifted attention to the forthcoming meeting of global central banks on expectations of additional stimulus measures from their side.
USD/JPY pair rose to 104.89, the highest value since June 24.
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