The USDJPY breaks out as stocks to trim Zone control

"The market (S)" aka "RISK" instant - closes 60 minutes

Prepared by Jamie Saettele, CMT
SPX 500 - bars of every day

Prepared by Jamie Saettele, CMT
We are just 1 day away in our proposed trim window. "The decline of the high April consumed in 43 days... corrective rallies tend to consume 1/3 - 1 / 2 of the time which made the decline." In other words, one would expect the rally of bass to take 14 to 21 days. Projected from the bass 6/4, we get a possible trim dates 6/22-7/3. »
Spy ETF - daily candles

Prepared by Jamie Saettele, CMT
The rally of the bass in SPY traced about 61.8% of the decline from April high. At this time, keep an eye on the string that defines the advance of the 6/4 bottom of support and resistance. A fall below Monday to 133.28 low suggests that the top is in place. Until then, the respect for the potential to the void left open in early May to 138.99 (crosses the resistance of the channel tomorrow). It is noted that the RSI is pressing against 60, which is often a resistance in a bear trend. The DJIA and S & P 500 Index have already reached their setbacks to 61.8%. A look at the intraday patterns suggests that dip of yesterday may have composed wave 4 C (or part of the wave of C). 4 waves are often difficult (complex) they occur before the final assault that results in a reversal of the situation. Decreased by about 100 points yesterday closing Dow would result in a test of the 38.2% of the 3rd wave and Intraday rally tracing 6/18 low pivot little less 12730 (see following table).
DJIA - 30 minute bars

Prepared by Jamie Saettele, CMT
Australian Dollar futures - Minute 240 Bars

Prepared by Jamie Saettele, CMT
As I mentioned last night on Twitter (@ JamieSaettele), volume on futures of Australian Dollar (CME) in the upper part was the highest since the bottom price on 6 and 1. Go back more than once that volume it was high for an hour 4 period was high and low on 04/10/11 (which resulted a high short term that has taken the time to develop) on 11/30. Volume of this magnitude is indicative of a "washing".
USDJPY - Minute 240 BarsPrepared by Jamie Saettele, CMT
Seq. bull USDJPY appears to be underway. Risk on long may be moved to 7860 (from 7765) and 7980 is now. We are in what may be the interim resistance but the first real test will come near 8075.

FX News Update: USD/JPY, Technical Report Classic

USD/JPY: The recent setbacks have been rather intense, with the market to collapse by the SMA 200 days before finally finding support by 77.65. We have since seen attempts at recovery and we argue that the market should continue to break higher, with views finally fixed on a retest and rupture of 2012 senior by calendering until more. However, at this stage, we will have to see a break and closing back above 80.00 to alleviate the pressures weighing officially and to reaffirm the optimistic Outlook.

$$USD/JPY, technical report classic 06.13

USD/JPY: The latest setbacks have been rather intense, with the market collapsing through the 200 - Day SMA before finally finding support by 77.65. We have since seen attempts at recovery and we contend that the market should continue to break higher, with sights set ultimately on a retest and break of the 2012 highs by UST further up. However, at this point, we will need to see a break and closed back above 80.00 to officially alleviate downside pressures and reaffirm bullish outlook.

$$USDJPY Tumbles after Poor US Retail Sales, PPI Data

13 June 2012 13:10 GMT THE TAKEAWAY: US Advance Retail Sales (MAY) > -0.2% m/m from -0.2% m/m > JPY, GOLD BULLISH
THE TAKEAWAY: US Produce Price Index (MAY) > 0.7% y/y from 1.9%m/m > JPY, GOLD BULLISH
The rally by high beta and risk-correlated assets stalled in their pre-market rally following the disappointing Advance Retail Sales report and Produce Price Index for May released on Wednesday. The reports, released at 12:30 GMT, painted two distinct pictures with the same conclusion: the US economy is weakening. The first report showed that sales contracted by 0.2 percent last month, after contracting by a revised 0.2 percent in April. A large part of this decline can be attributed to falling gasoline prices, with a 2.2 percent decline coming in gasoline station sales. When discounting autos, then autos and gasoline, sales still contracted by 0.4 percent and 0.1 percent, respectively.
The weakness in oil prices wasn’t only evident in the Advance Retail Sales report for May, however. The Producer Price Index for May showed that prices contracted by 1.0 percent on a monthly-basis after contracting by 0.2 percent in April. According to a Bloomberg News survey, m/m PPI was expected to decline by 0.6 percent. On a yearly-basis, prices inflated by 0.7 percent from 1.9 percent in April, below the 1.2 percent forecast. Excluding food and energy prices (for the so-called “core” reading), prices were sticky; however, coming it at 2.7 percent y/y in line with the prior month’s reading.
USDJPY 1-minute Chart: June 13, 2012

Charts Created using Marketscope – Prepared by Christopher Vecchio
Following the release, the USDJPY took a dive lower from 79.64 to 79.40, at the time this report was written. Considering the pair’s range for the past few hours – trading between 79.60 and 79.73 – the move lower was clearly a sign that market participants have put a greater weighting in the QE trade. To confirm this, one needs to look no further than Gold, which rallied from $1611.88/oz to as high as $1623.60/oz. The commodity currencies were lower as well, with the AUDJPY dropping from 79.39 to 79.13, at the time this report was written.

$/¥ USD/JPY, technical report classic 06.12

June 12, 2012 05: 58 GMT

USD/JPY: the recent setbacks have been quite intense, the market collapse by the ADM, 200 days before finally finding support by 77.65. We have since seen attempts at recovery and we support that the market should continue to break higher, with views finally fixed on a retest and rupture of 2012 senior by UST up more. However, at this stage, we need to see a break and close above 80.00 back to alleviate the pressures weighing officially and to reaffirm the optimistic prospects.

USD/JPY Classical Technical Report 06.07

USD/JPY: the recent setbacks have been quite intense, the market collapse by the ADM, 200 days before finally finding support by 77.65. We have since seen attempts at recovery and we support that the market should continue to break higher, with views finally fixed on a retest and rupture of 2012 senior by UST up more. However, at this stage, we need to see a break and close above 80.00 back to alleviate the pressures weighing officially and to reaffirm the optimistic prospects.

-Written by Joel Kruger, technical currency strategist

To contact Joel Kruger, E-mail jskruger@dailyfx.com. Follow me on Twitter @ JoelKruger

To be added to the list of distribution of Joel Kruger, send an email with the subject "Distribution list" line to jskruger@dailyfx.com

DailyFX provides news forex and technical analysis on trends affecting the world market currencies.
Learn forex trading with a free account of practice and exchange of graphics of FXCM.

View the original article here

$ ¥ USD/JPY, rapport technique classique 06.06

USD/JPY:The latest setbacks have been rather intense, with the market collapsing through the 200-Day SMA before finally finding support by 77.65. We have since seen attempts at recovery and we contend that the market should continue to break higher, with sights ultimately set on a retest and break of the 2012 highs by 84.20 further up. However, at this point, we will need to see a break and close back above 80.00 to officially alleviate downside pressures and reaffirm bullish outlook. --- Written by Joel Kruger, Technical Currency Strategist

= AUD and NZD and USDJPY performance differential Record trade levels

29 may 2012 13: 01 GMT  FXCM Expo videos
Innovative techniques with technical indicators
Trade with the Elliott Wave principle
See the forest for the trees: an analysis of global markets
Afternoon "technicals" (all maps)
Another TA (crosses, TOC, etc.).
Traders U.S. return a significant rebound in "at risk" (the USD lower, particularly against the AUD and the NZD) from the day of remembrance. The rebound probably composed the beginning of a more and more need for correction. My business plan and will focus on the long FX (AUDUSD and NZDUSD) risk for the next % shortly before the next bear paw in early June. I am also closely followed the USDJPY / give us the situation.
AUDUSD 240 minutes

Prepared by Jamie Saettele, CMT
Support is planned around low last night (9755-9800) last week. Long are favored, especially under 9800 to 9935/65. 10020 is considered an aggressive upward target, but also the ideal level to launch short films for the resumption of the great bear.
NZDUSD 240 minutes

Prepared by Jamie Saettele, CMT
Support is planned around low last night (7835-7580) last week. Long are favored, especially below 7580, to 7685-7750. 7810 is considered an aggressive upward target, but also the ideal level to launch short films for the resumption of the great bear.
USDJPY (black) and the bonus of 10 years (red)

Prepared by Jamie Saettele, CMT
The above table illustrates USDJPY and the difference between the yields of 10 years on paper American and Japanese. Depressions in the performance differential tend to occur before large gatherings of the exchange rate. The difference reaches a record low the week last de.85 (at the low of September 2011). USDJPY supports is 7900 and 7830.

$¥ USDJPY 8015 Serves as Bullish Pivot

Every day bars


"After several days to the tracing of 61.8% from the rally of the lowest in February, the USDJPY rallied impressive and is again claiming with average and 20 days trendline resistance." Over 8055 would break the series of lower highs since the top focus and shift from March to 8180. Yet, I like jumping the gun to fire on long with a stop under 7900. "The pivotal distributed upward may be moved to 8015.
LEVELS: 7830 7900 7970 8015 8060 8150

$/¥ USDJPY: Waiting for Confirmation to Get Long

Strategy: Long wait
USDJPY in a pattern of upward candlestick engulfing over 78.88 support, intervention on 4 August closing high, but prices have failed to overcome resistance trend line down the value of mid-March (now at 79.78) confirming a reversal on the rise of at hand. We will pursue on the side for the moment, pending this barrier to be violated on a daily basis of closure, before attempting a long position.

$¥ USD/JPY Classical Technical Report 05.23

23 May 2012 07:04 GMT  
USD/JPY:The market continues to consolidate around 80.00 and is in the process of looking for a medium-term higher low ahead of the next major upside extension back above the yearly highs at 84.20 and towards 90.00 further up. However, for the time being it remains in question whether the market will still head lower towards the 200-Day SMA by 78.50 before ultimately reversing higher. The key level to watch above comes in by 80.60, and a break and close above this level will officially alleviate downside pressures and suggest that a higher low has now been carved in the 79.00's.

"" NZD snaps Six-Day Losing Streak - USDJPY eyes critical resistance

Every day winners and losers


The New Zealand dollar is the top of the page against the greenback with an advance of 0.52% at the end of the European trade. Sense of market risk more broadly remains well take a respite from heavy selling pressure seen last week. NZD/USD bounced to the broad support trendline dating from March 2001 to 0.7550 with the daily RSI suddenly reverse after reaching extreme levels of oversold not seen since August 2008. Resistance daily superstructure now stands with 78.6% Fibonacci allows taken of the advance of the mid-December at 0.7680 and is supported by 61.8% to 0.7850 allows. A break below the trendline support December lows to 0.7460 of the eyes.

The graph of the scalp shows the NZD/USD continues to trade in a descending channel training dating back to April 26, with the pair currently holding just below the intermediate resistance to 0.7610. Look for the pair to stay even at these levels in a rebound in appetite for broader risk with a likely violation above that mark considering the superstructures target in the resistance of the channel, the tracing of 78.6% to 0.7680 and 0.7750 Fibonacci. Interim support is based in 0.7525 supported by the low to 7460 of December.

Indicators of levels

The Japanese yen is weaker against the dollar, with 0.38% loss in their activities. The USD/JPY has rebounded sharply out of the handle in 79 with the pair continue to trade through training of flag on the upper March. As we noted earlier in the month, our medium to long-term bias remained weighted superstructure with long entries promoted between the moving average 200 days to 78.50 and taken 61.8% Fibonacci allows of the advance in February to 79.15. Daily strength lies at the confluence of the tracing of 50% and resistance of the canal just above the handle of 80 with only a break the moving average of 200 days, negating our directional bias.

The graph of the scalp shows the USD/JPY holding just below the extension of Fibonacci 61.8% levied ridges on 14 March and April 20 to 79,35. Superstructure initial targets are in the eyes of the extension of 50% to 79.80 and the resistance of the channel. A break above this level also provides subsequent conviction with targets of resistance seen the extension of 38.2% to 80.30, 80.55 and 23.6% to 80.85 extension. Interim support rests with the 79 figure supported by the extension of 78.6% 78.75 and 78.50. Note that while the negotiation of the conditions of the yen, are not conducive to the scalping, we long a fourth of our size of typical trade in figure with our initial goal in the eyes above the handle of 80. A violation over the channel resistance suggests that the correction on the highs of March may be complete with such a scenario to see losses accelerated for the yen. A change in sense of larger market for risk appetite would probably be the necessary catalyst for breach of the superstructure.

USD/JPY Classical Technical Report 05.18

AppId is over the quotaUSD/JPY: The market continues to consolidate around 80.00 and is in the process of looking for a medium-term higher low ahead of the next major upside extension back above the yearly highs at UST and towards 90.00 further up. However, for the time being it remains in question whether the market will still head lower towards the 200 - Day SMA by 78.50 before ultimately reversing higher. The key level to watch above comes in by 80.60, and a break and close above this level will officially alleviate downside pressures and suggest that a higher low has now been carved in the 79. 00's.

-Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

To be added to Joel Kruger's distribution list, send an email with subject line "Distribution List" to jskruger@dailyfx.com

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.
Learn forex trading with a free practice account and trading charts from FXCM.

View the original article here

$ USD/JPY, rapport technique classique 05.17

May 17, 2012 07: 13 GMT   USD/JPY: the market continues to consolidate around $80.00 and is looking a little more high medium term before next large upside back extension above the annual anticyclones to 84.20 and 90.00 further up. However, for the time it remains in question, if the market lower head to the ADM of 200 days by 78.50 before finally topple more. The key to look above level is by 80.60, and pause close above this level will be officially alleviate pressures weighing and suggest that a lower now was carved in the 79.00.

__USD/JPY Classical Technical Report 05.04

04 May 2012 07:32 GMT   USD/JPY:The latest pullback from the 2012, 84.20 highs is viewed as corrective and it looks as though the market could still see a bit more weakness before considering the possibility for the formation of a medium-term higher low. Overall, this is a market that has undergone a major structural shift in recent months and we now see the pair in the early stages of a longer-term up-trend. Ultimately, only a weekly close back under 78.00 would negate.

$/daily_classical_jpy_body_usd.png, USD/JPY Classical Technical Report 05.02daily_classical_jpy_body_usd.png, USD/JPY Classical Technical Report 05.02daily_classical_jpy_body_usd.png, USD/JPY Classical Technical Report 05.02daily_classical_jpy_body_usd.png, USD/JPY Classical Technical Report 05.02¥USD/JPY Classical Technical Report 05.02

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USD/JPY: The latest pullback from the 2012, UST highs is viewed as corrective and it looks as though the market could still see a bit more weakness before considering the possibility for the formation of a medium-term higher low. Overall, this is a market that has undergone a major structural shift in recent months and we now see the pair in the early stages of a longer-term up-trend. Ultimately, only a weekly close back under 78.00 would negate.

+$ USD/JPY, technical report classic 04.24

24 April 2012 06: 32 GMT USD/JPY: the last withdrawal of the 2012, senior UST is considered as corrective and it seems that the market has finally found a solid $ 80.00 support. Setbacks are stalled at the top of the daily and weekly Ichimoku clouds and we look for the formation of a fresh more medium-term low somewhere around 80.00 front of the large next to the extension back to and possibly through 84.20. Overall, this is a market that underwent a major structural change in the last months and we see the pair in the early stages of a long-term up-trend. Ultimately, only a narrow back under 78.00 weekly deny. Dips to 80.00 should therefore be used as great purchase.

USD/JPY Classical Technical Report 04.20

20 April 2012 10:50 GMT

 

USD/JPY:The latest pullback from the 2012, 84.20 highs was viewed as corrective and it looks as though the market has finally found some solid support ahead of 80.00. The setbacks have stalled by the top of the daily and weekly Ichimoku clouds and we look for the formation of a fresh medium-term higher low somewhere around 80.00 ahead of the next major upside extension back towards and eventually through 84.20. Overall, this is a market that has undergone a major structural shift in recent months and we now see the pair in the early stages of a longer-term up-trend. Ultimately, only a weekly close back under 78.00 would negate.

$ USD/JPY Classical Technical Report 04.19

USD/JPY:The latest pullback from the 2012, 84.20 highs was viewed as corrective and it looks as though the market has finally found some solid support ahead of 80.00. The setbacks have stalled by the top of the daily and weekly Ichimoku clouds and we look for the formation of a fresh medium-term higher low somewhere around 80.00 ahead of the next major upside extension back towards and eventually through 84.20. Overall, this is a market that has undergone a major structural shift in recent months and we now see the pair in the early stages of a longer-term up-trend. Ultimately, only a weekly close back under 78.00 would negate.

US∂/JPY Classical Technical Report 04.18

18 April 2012 09:22 GMT  USD/JPY:The latest pullback from the 2012, 84.20 highs was viewed as corrective and it looks as though the market has finally found some solid support ahead of 80.00. The setbacks have stalled by the top of the daily and weekly Ichimoku clouds and we look for the formation of a fresh medium-term higher low somewhere around 80.00 ahead of the next major upside extension back towards and eventually through 84.20. Overall, this is a market that has undergone a major structural shift in recent months and we now see the pair in the early stages of a longer-term up-trend. Ultimately, only a weekly close back under 78.00 would negate.