Day trade
Trade view / 12 July 2016 at 6:08 GMT

USDJPY signals switch on - for a time

partner and technical analyst / 3 c analysis
United Kingdom
Instrument: USDJPY
Price target:
Market price:

Trends of lower weekly and daily highs have been broken for USDJPY and investors buying the market above 100.00 the Fig for sentiment to rally by 2 ¼ Big Figs on Monday, the second most bullish day for sentiment so far this year.

The bounce is signalled as being corrective, but signals for Tuesday continue to point to buying dips - temporarily.

Management and risk description

As above.


Entry: Buy the dip at 102.49, just above today's low in Asia.

101.68, Monday's Marabuzo line.

103.40, July's high and 103.85, a 62% recovery to the losses posted since the last three-week high.

Time horizon:
Today only.


USDJPY 8 hourly - recovery to losses

USDJPY Weekly - buyers at 100.00

USDJPY Quarterly - lower highs
— Edited by Adam Courtenay

For more on forex click here             

Non-independent investment research disclaimer applies. Read more
Vakas Vakas
how about selling the usdjpy pair near 103.74? i know right now usdjpy is attracting buyers because of the Abe's announcement for further stimulus, but if you look at the bigger picture the trend is towards the south right now. we have trendline resistance and 61% Fibonacci resistance at 103.74. we can target 102.50 and 101.60. with a stop above 104.00??
Steve Lucas Steve Lucas
i agree with the view that the rally may be a temporary correction - but how about waiting for the train to run out of steam before standing in front of it and sell when it turns lower - you may miss the 1st station, but getting on at the 2nd stop for a longer journey would make more sense.
Steve Lucas Steve Lucas
take some early profit here above 103.60 and raise the stop to the entry point.
Vakas Vakas
so you're expecting it to go beyond 103.74?


The Saxo Bank Group entities each provide execution-only service and access to permitting a person to view and/or use content available on or via the website is not intended to and does not change or expand on this. Such access and use are at all times subject to (i) The Terms of Use; (ii) Full Disclaimer; (iii) The Risk Warning; (iv) the Rules of Engagement and (v) Notices applying to and/or its content in addition (where relevant) to the terms governing the use of hyperlinks on the website of a member of the Saxo Bank Group by which access to is gained. Such content is therefore provided as no more than information. In particular no advice is intended to be provided or to be relied on as provided nor endorsed by any Saxo Bank Group entity; nor is it to be construed as solicitation or an incentive provided to subscribe for or sell or purchase any financial instrument. All trading or investments you make must be pursuant to your own unprompted and informed self-directed decision. As such no Saxo Bank Group entity will have or be liable for any losses that you may sustain as a result of any investment decision made in reliance on information which is available on or as a result of the use of the Orders given and trades effected are deemed intended to be given or effected for the account of the customer with the Saxo Bank Group entity operating in the jurisdiction in which the customer resides and/or with whom the customer opened and maintains his/her trading account. When trading through your contracting Saxo Bank Group entity will be the counterparty to any trading entered into by you. does not contain (and should not be construed as containing) financial, investment, tax or trading advice or advice of any sort offered, recommended or endorsed by Saxo Bank Group and should not be construed as a record of ourtrading prices, or as an offer, incentive or solicitation for the subscription, sale or purchase in any financial instrument. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, would be considered as a marketing communication under relevant laws. Please read our disclaimers:
- Notification on Non-Independent Invetment Research
- Full disclaimer
- 沪ICP备13028953号-1

Check your inbox for a mail from us to fully activate your profile. No mail? Have us re-send your verification mail