{"id":67865,"date":"2015-02-10T06:49:11","date_gmt":"2015-02-10T11:49:11","guid":{"rendered":"http:\/\/countingpips.com\/?p=67865"},"modified":"2015-02-10T07:44:17","modified_gmt":"2015-02-10T12:44:17","slug":"usdjpy-forex-technical-analysis-february-10-2015","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/forex\/2015\/02\/usdjpy-forex-technical-analysis-february-10-2015\/","title":{"rendered":"USDJPY: Forex Technical Analysis February 10, 2015"},"content":{"rendered":"<div id=\"inves-1819444300\" class=\"inves-below-title-posts inves-entity-placement\"><div id =\"posts_date_custom\"><div align=\"left\">February 10, 2015<\/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>Trend continues<\/p>\n<p>Let us analyze the <b>USD\/JPY<\/b> pair on the H4 chart. This morning Japan announced several minor economic indicators. They appeared to be negative. Q4 Housing Loans and Tertiary Industry Index for December turned out to be worse-than-expected. To be noted, <b>Industrial Production for December will be released on Wednesday at 23:50 CET in Japan<\/b>. The tentative outlook is positive for yen, resulting in <b>USD\/JPY<\/b> currency pair downward movement. It is to be considered when trading, as well as the fact that no important Japanese macroeconomic data are expected this week. Today at 15:00 CET <b>Wholesale Inventories<\/b> will be issued in the USA. The forecast is neutral. Market may react, if real figures deviate widely from estimated ones.<\/p>\n<p style=\"text-align: center;\"><img decoding=\"async\" style=\"float: none;\" src=\"http:\/\/www.ifcmarkets.com\/uploads\/images\/10-02-2015_2.png\" alt=\"USD\/JPY\" width=\"400 px\" \/><\/p>\n<p>On the <b>H4 time frame<\/b> the <b>USD\/JPY<\/b> steadily moved far above the triangle. Then it showed a slight pullback and formed a \u201cflag\u201d pattern. As a rule, it implies the current trend, which is the uptrend now, to continue. The RSI-Bars oscillator shaped a combination of similar figures, which confirms the trend in our judgment. The RSI latest bars didn\u2019t go below 50. This is a good \u201cbullish\u201d sign, supposing yen to weaken further. To be kept in mind, Industrial Production may affect the trend, if data appear to be too positive. Probably, conservative traders had better wait for the data release. Yet, we don&#8217;t rule out further \u201cbullish\u201d momentum after the fractal resistance is breached at 119.216: you may place a buy pending order there. Stop loss may be placed at 117.777, indicated most recently by Parabolic. This mark can be considered as a support line at the moment. After pending order activation, Stop loss is to be moved every four hours near the next fractal low, following Parabolic signals. Thus, we are changing the probable profit\/loss ratio to the breakeven point. If the price meets Stop loss level without reaching the order, we recommend canceling the position: market sustains internal changes that were not considered.<\/p>\n<table style=\"border: solid 1px black;\" cellspacing=\"0\" cellpadding=\"0\" align=\"left\">\n<tbody>\n<tr>\n<td align=\"left\" valign=\"\u201dtop\u201d\"><b>Position<\/b><\/td>\n<td align=\"left\" valign=\"\u201dtop\u201d\">Buy<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"\u201dtop\u201d\"><b>Buy stop<\/b><\/td>\n<td align=\"left\" valign=\"\u201dtop\u201d\">above 119,216<\/td>\n<\/tr>\n<tr>\n<td align=\"left\" valign=\"\u201dtop\u201d\"><b>Stop loss<\/b><\/td>\n<td align=\"left\" valign=\"\u201dtop\u201d\">below 117,777<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\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<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>By IFCMarkets Trend continues Let us analyze the USD\/JPY pair on the H4 chart. This morning Japan announced several minor economic indicators. They appeared to be negative. Q4 Housing Loans and Tertiary Industry Index for December turned out to be worse-than-expected. To be noted, Industrial Production for December will be released on Wednesday at 23:50 [&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-67865","post","type-post","status-publish","format-standard","hentry","no-post-thumbnail"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/67865","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=67865"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/posts\/67865\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/media?parent=67865"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/categories?post=67865"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/forex\/wp-json\/wp\/v2\/tags?post=67865"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}