{"id":62723,"date":"2014-10-29T06:43:47","date_gmt":"2014-10-29T10:43:47","guid":{"rendered":"http:\/\/countingpips.com\/?p=62723"},"modified":"2014-10-29T07:09:21","modified_gmt":"2014-10-29T11:09:21","slug":"usdjpy-forex-technical-analysis-october-29-2014","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2014\/10\/usdjpy-forex-technical-analysis-october-29-2014\/","title":{"rendered":"USDJPY: Forex Technical Analysis October 29, 2014"},"content":{"rendered":"<div id=\"inves-1305412013\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">October 29, 2014<\/div><hr style=\"border: none; border-bottom: 3px solid black;\">\r\n<\/div><\/div><p>By <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\">IFCMarkets<\/a><\/p>\n<p>Here we consider the <a href=\"http:\/\/www.ifcmarkets.com\/en\/trading-conditions\/forex\/USDJPY\">USD\/JPY<\/a>currency pair on the daily chart. The price is influenced by the daily uptrend, and after a slight retracement, we have all the more reason to believe in the bullish victory. The current price direction is confirmed by Parabolic historical values. There is no contradiction on the part of RSI-Bars oscillator: its values are moving upwards within the bullish trend. We can wait for an additional confirmatory signal from DonchianChannel after the breakout of the last fractal price level at 108.353. It will be preceded by the last high crossing at 58.5870% on the oscillator chart. It is recommended to use the level at 110.064 for placing a pending buy order. It is confirmed by the intersection with D1 and MN resistance lines and the Bill Williams fractal. When the price would cross the monthly resistance line, a strong bullish momentum is expected. Stop Loss is better to be placed at 105.163, which is strengthened by the intersection with the daily trend line, fractal and Parabolic historical values.<\/p>\n<p style=\"text-align: center;\"><img decoding=\"async\" src=\"http:\/\/www.ifcmarkets.com\/uploads\/images\/TA-29-10-2014.png\" alt=\"\" width=\"400\" \/><\/p>\n<p>After position opening, Trailing Stop is to be moved after the Parabolic values, near the next fractal low. Updating is enough to be done every day after a new <a href=\"http:\/\/www.ifcmarkets.com\/en\/ntx-indicators\/fractals\">Bill Williams fractal<\/a> formation (5 candlesticks). Thus, we are changing the probable profit\/loss ratio to the breakeven point.<\/p>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"\u201dleft\u201d\">\n<tbody>\n<tr>\n<td align=\"\u201dleft\u201d\" valign=\"\u201dtop\u201d\"><b>Position<\/b><\/td>\n<td align=\"\u201dleft\u201d\" valign=\"\u201dtop\u201d\">Buy<\/td>\n<\/tr>\n<tr>\n<td align=\"\u201dleft\u201d\" valign=\"\u201dtop\u201d\"><b>Buy stop<\/b><\/td>\n<td align=\"\u201dleft\u201d\" valign=\"\u201dtop\u201d\">above 110.064<\/td>\n<\/tr>\n<tr>\n<td align=\"\u201dleft\u201d\" valign=\"\u201dtop\u201d\"><b>Stop loss<\/b><\/td>\n<td align=\"\u201dleft\u201d\" valign=\"\u201dtop\u201d\">below 105.163<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p class=\"rem\">Dear traders. You can see the detailed report of the author\u2019s account by clicking <a href=\"http:\/\/www.mql5.com\/en\/signals\/52887\" rel=\"nofollow\">here<\/a>.<\/p>\n<p>Market Analysis provided by <a href=\"http:\/\/www.ifcmarkets.com\/\" target=\"_blank\">IFCMarkets<\/a><\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Here we consider the USD\/JPYcurrency pair on the daily chart. The price is influenced by the daily uptrend, and after a slight retracement, we have all the more reason to believe in the bullish victory. The current price direction is confirmed by Parabolic historical values. There is no contradiction on the part of [&hellip;]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-62723","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/62723","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/comments?post=62723"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/62723\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=62723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=62723"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=62723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}