Forex Trading – News and Strategy

USD/JPY Open 90.41 High 91.38 Low 90.23 Close 90.66

On Friday Dollar/Yen continued the main decreasing trend, in line with the Interbank sentiment at around -60%. The currency couple depreciated from 90.93 to 90.54 on Friday, closing the week at 90.66. Today trading started with volatile movements, and later the Dollar started climbing. On the 1 hour chart the pair broke down the trade range this morning, while on the 3 hour chart it is still in a consolidation phase. Break above today’s top and nearest resistance 91.38 would support further recovery of the Dollar. Immediate support is today’s bottom at 90.23, and consistent break bellow it could strengthen the Yen further towards next target 89.30. There are no major economic events for Japan today. Quotes are moving way above the 20 and bellow the 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and inclining upwards, MACD is positive and rising, while CCI has crossed up the 100 line on the 1 hour chart, giving overall long forex signals.
Trading resistance levels: 91.38 92.29 93.44
Trading support levels: 90.23 89.30 88.49

Trading range: 91.00 – 91.65
Trend: Upward

Forex Trading Strategy

Buy at 91.14 Stop Loss 90.84 Take Profit 91.54

Already made +34 pips profit on USD/JPY today from the following forex signal:
5:29 GMT+1 Sell USD/JPY at 90.89 Stop Loss 91.15 Take Profit 90.39 exit at 8:46 GMT+1.
Total today +148, on Friday +155, as shown in details here.

Previous Analysis can be found HERE.

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Disclaimer: Our technical analysis are free. They are not daily/evening forecast, neither a forex signal. Therefore the expectations shown here may differ from our forecasts and signals, to give readers different point of view. The analysis are updated around 5:00, 8:00 and 10:00 GMT ±1 hour, for the EUR/USD, GBP/USD and USD/JPY respectively. By viewing our analyses you agree to our terms. Are technical analysis a forex signal?

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GBP/USD Open 1.4837 High 1.4932 Low 1.4773 Close 1.4817

After the deep correction last Thursday, on Friday Pound/Dollar recovered partially, in converse with negative Interbank sentiment at around -25%. The Cable appreciated to 1.4883 on Friday, than dropped down to 1.4773, closing the week at 1.4817. Today the pair shows further strength, with an adequate upward momentum. First resistance is today’s top at 1.4932. Break above it should extend the bullish movement further towards 1.5050. The nearest support is Friday’s bottom at 1.4773. Going bellow it should extend British Pound’s reduction further down towards next downward objective 1.4649. There are no major economic events for UK today. Quotes are moving just above the 20 and 50 EMA on the 1 hour chart, indicating bullish pressure. The value of the RSI indicator is positive and consolidating, MACD is positive and calm, while CCI has crossed up the 100 line on the 1 hour chart, giving overall long forex signals.
Trading resistance levels: 1.4932 1.5050 1.5288
Trading support levels: 1.4773 1.4649 1.4549

Trading range: 1.4865 – 1.4940
Trend: Upward

Forex Trading Strategy

Buy at 1.4876 Stop Loss 1.4846 Take Profit 1.4926

Already made +57 pips profit on GBP/USD today from the following forex signal:
5:32 GMT+1 Buy GBP/USD at 1.4897 Stop Loss 1.4853 Take Profit 1.4939 exit at 7:00 GMT+1.
Today so far +148, on Friday +155, as shown in details here.

Previous Analysis can be found HERE.

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Disclaimer: Our technical analysis are free. They are not daily/evening forecast, neither a forex signal. Therefore the expectations shown here may differ from our forecasts and signals, to give readers different point of view. The analysis are updated around 5:00, 8:00 and 10:00 GMT ±1 hour, for the EUR/USD, GBP/USD and USD/JPY respectively. By viewing our analyses you agree to our terms. Are technical analysis a forex signal?

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USD/JPY Open 91.41 High 91.78 Low 91.14 Close 91.43

On Wednesday Dollar/Yen continued trading with a slight decrease, in line with the Interbank sentiment at around -56%. The currency couple depreciated from 91.78 to 91.78 yesterday, closing the day at 91.43. Today trading is hesitant and without clear direction so far. On the 1 and 3 hour charts the pair is still in a consolidation phase. Break above yesterday’s top and nearest resistance 91.78 would support further recovery of the Dollar. Immediate support is yesterday’s bottom at 91.14, and consistent break bellow it could strengthen the Yen further towards next target 90.19. Today are Japan Leading and Coincident indicators composite index, and BoJ meeting minutes at 5 and 23:50 GMT respectively. Quotes are moving just bellow the 20 and 50 EMA on the 1 hour chart with last 2 green candles, indicating slim bullish pressure. The value of the RSI indicator is positive and inclining upwards, MACD is negative and calm, while CCI is about to cross up the 100 line on the 1 hour chart, giving overall light long forex signals.
Trading resistance levels: 91.78 92.88 93.55
Trading support levels: 91.14 90.19 89.30

Trading range: 91.10 – 91.75
Trend: Upward

Forex Trading Strategy

Buy at 91.21 Stop Loss 90.91 Take Profit 91.61

Already made +6 pips profit on USD/JPY today from the following signal:
5:30 GMT+1 Buy USD/JPY at 91.30 Stop Loss 91.04 Take Profit 91.80 exit at 6:47 GMT+1.
Total today +88, yesterday +119, as shown in details here.

Previous Analysis can be found HERE.

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Disclaimer: Our technical analysis are free. They are not daily/evening forecast, neither a forex signal. Therefore the expectations shown here may differ from our forecasts and signals, to give readers different point of view. The analysis are updated around 5:00, 8:00 and 10:00 GMT ±1 hour, for the EUR/USD, GBP/USD and USD/JPY respectively. By viewing our analyses you agree to our terms. Are technical analysis a forex signal?

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GBP/USD Open 1.4732 High 1.4856 Low 1.4644 Close 1.4725

After strong rise at the beginning of this week, on Wednesday Pound/Dollar corrected deeply downwards, in line with negative Interbank sentiment at around -29%. The Cable depreciated from 1.4856 to 1.4713 yesterday, closing the day at 1.4725. Today the pair continued declining, but without strong impulse for now. First resistance is yesterday’s top at 1.4856. Break above it should extend the bullish movement further towards 1.4950. The nearest support is today’s bottom at 1.4644. Going bellow it should extend British Pound’s reduction further down towards next downward objective 1.4549. Today’s focus is on UK Retail sales and CBI industrial order books balance at 8:30 and 10 GMT respectively. Quotes are moving bellow the 20 and 50 EMA on the 1 hour chart, indicating bearish pressure. The value of the RSI indicator is negative and tranquil, MACD is negative and with slight decline, while CCI has crossed down the 100 line on the 1 hour chart, giving overall short forex signals.
Trading resistance levels: 1.4856 1.4950 1.5100
Trading support levels: 1.4644 1.4549 1.4398

Trading range: 1.4690 – 1.4620
Trend: Downward

Forex Trading Strategy

Sell at 1.4680 Stop Loss 1.4710 Take Profit 1.4630

Already made +27 pips profit on GBP/USD today from the following forex signal:
7:50 GMT+1 Sell GBP/USD at 1.4671 Stop Loss 1.4697 Take Profit 1.4611 exit at 8:12 GMT+1.
Today so far +88, yesterday +119, as shown in details here.

Previous Analysis can be found HERE.

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Disclaimer: Our technical analysis are free. They are not daily/evening forecast, neither a forex signal. Therefore the expectations shown here may differ from our forecasts and signals, to give readers different point of view. The analysis are updated around 5:00, 8:00 and 10:00 GMT ±1 hour, for the EUR/USD, GBP/USD and USD/JPY respectively. By viewing our analyses you agree to our terms. Are technical analysis a forex signal?

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USD/JPY Open 91.33 High 91.63 Low 90.85 Close 91.23

On Wednesday Dollar/Yen was trading with a slight decrease, in line with the Interbank sentiment at around -57%. The currency couple depreciated from 91.63 to 91.06 yesterday, closing the day at 91.23. Today the the descending extended just a little lower to 90.85. On the 1 hour chart the downward movement still seem as an adjustment, but on the 3 hour chart trading is caught within a wide range. Break above yesterday’s top and nearest resistance 91.63 would support further recovery of the Dollar. Immediate support is today’s bottom at 90.85, and consistent break bellow it could strengthen the Yen further towards next target 90.19. There are no major economic events for Japan today. Quotes are moving just bellow the 20 and 50 EMA on the 1 hour chart, indicating bearish pressure. The value of the RSI indicator is positive and declining, MACD is negative and quiet, while CCI is is about to cross up the 100 line on the 1 hour chart, giving overall mixed forex signals.
Trading resistance levels: 91.63 92.88 93.55
Trading support levels: 90.85 90.19 89.30

Trading range: 91.50 – 90.85
Trend: Downward

Forex Trading Strategy

Sell at 91.36 Stop Loss 91.66 Take Profit 90.96

Already made +29 pips profit on USD/JPY today from the following forex signal:
5:31 GMT+1 Sell USD/JPY at 91.21 Stop Loss 91.47 Take Profit 90.71 exit at 7:41 GMT+1.
Total today +143, yesterday +185, as shown in details here.

Previour Analysis can be found HERE.

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Disclaimer: Our technical analysis are free. They are not daily/evening forecast, neither a forex signal. Therefore the expectations shown here may differ from our forecasts and signals, to give readers different point of view. The analysis are updated around 5:00, 8:00 and 10:00 GMT ±1 hour, for the EUR/USD, GBP/USD and USD/JPY respectively. By viewing our analyses you agree to our terms. Are technical analysis a forex signal?

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