30, December 2013

USD/JPY (a 4-hour chart)

USD/JPY (a 4-hour chart)

General Overview

Important news that will set the market in action is not expected. The yen is under the pressure of general mood of investors who in connection with a long weekend do not take active steps. However it is likely that Asian investors remaining in the period of holidays in Europe can cause a high volatility.

There is a confirmed and strong buy signal. Chinkou Span below the price, the price is above the Ichimoku cloud. Northern movement remains until the price is above the line Kijun-sen. Tenkan-sen and Kijun-sen are horizontal.

Bollinger bands show the upward movement.
MACD histogram crossed the zero line upwards, giving a signal to buy.

Trading recommendations

The dollar could not to upgrade a maximum of the last week for a short time. Volumes formed a divergence. The correctional rollback down is possible. In this case the level 104.02 will be the immediate target. At the break of this level a road to the level 103.33 will be opened.