Trading Signal - 05/06/2015 - 10:00 (GMT +3)Instrument: USDJPYby: Chief Technical Strategist Avramis Despotis

Previous Close 124.46

Change 0.07 %

Current 124.47

52 Week High 124.92

52 Week Low 101.19

30 Days ATR 0.59

40 Weeks ATR 1.55

Time Trend & Condition Support & Resistances Comments Position & TradeProbabilityEntry, Take Profit & Stop

Loss Levels

60minCHART

Next 3Days

Upwards StrongNeutral

123.70 124.80

- -

- -

The market is in a Range. Weremain neutral waiting for abreak in either direction.

Position Entry SL

WAITING - -

Trade P. TP1 TP2

- - -

240minCHART

Next 3Weeks

Upwards StrongNeutral

123.75 125.00

122.70 125.70

121.30 126.40

A Medium probability, entrysignal to go LONG was given at124.25 after the market foundsupport at 123.70. Only thedownward break of 123.70would cancel the bullishscenario and take us SHORT.

Position Entry SL

LONG 124.25 123.70

Trade P. TP1 TP2

Medium 125.80 127.10

DailyCHART

Next 3Months

Upwards StrongNeutral

123.40 125.10

122.40 125.80

120.80 126.50

The TP2 was almost reachedand the market is at risk ofcorrecting lower. We moved thestop loss at the new Lock inProfits level (123.50). Providedthe market conditions will remainthe same the TP2 will bereached soon.

Position Entry SL

LONG 120.35 123.50

Trade P. TP1 TP2

High 124.30 128.00

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Trading Signal - 05/06/2015 - 10:00 (GMT +3)Instrument: USDJPYby: Chief Technical Strategist Avramis Despotis