Risk sentiment is this week's focus following the US/British/French attack on Syria, with the USDJPY's tentative breakout beginning to falter as prices head into the Ichimoku Cloud.
Day trade
Trade view / 13 September 2016 at 5:56 GMT

USDJPY signals switch to bearish

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

The end to a small sequence of higher daily lows has switched this week’s signals to bearish. The market is trading below the 13 and 50-day average rates which is negative for sentiment and daily signals point to selling rallies.

Management and risk description

Sell the rally and lower stop to entry if the first target is met.


Entry: sell at 102.43, a 62% recovery to the losses posted since Friday's high.

Stop: 103.05, Friday's top.

Target: 101.18, the August 26 Marabuzo line and 100.53, the open for the same day.

Time horizon: today only.

USDJPY 4 hourly - September's losses
USDJPY Weekly - recovery to losses

USDJPY Quarterly - 50% pullback
Source: all charts CQG. Create your own charts with SaxoTrader; click here to learn more 

– Edited by Gayle Bryant

For more on forex click here

Non-independent investment research disclaimer applies. Read more
Steve Lucas Steve Lucas
Im going to sell at 102.43
Andrey Derimarko Andrey Derimarko
Index falls ....
Dj TinTin Dj TinTin
getting hammered Steve hope for some down tread 102.43 you say ??
Steve Lucas Steve Lucas
Yes sell at 102.43 - just about the high
Dj TinTin Dj TinTin
Trade still on Steve ??
Pandorra Pandorra
imo the worst idea I've read here, and cannot be realized at least as a 'day trade'
Steve Lucas Steve Lucas
yes you're right - the target was too far away
Steve Lucas Steve Lucas
It was closed at 102.20 though so no harm done


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