USD/JPY trades in the high-107-range

The US dollar has posted gains on Thursday, as USD/JPY trades in the high-107-range in the European session. The dollar has resumed its winning ways, gaining close to 200 points in the past week against the sagging yen. On the release front, Japanese Flash Manufacturing PMI climbed to 52.8 points.  In the US, Unemployment Claims rose to 284 thousand, much higher than the previous reading of 264 thousand. However, the four-week average, which is less volatile than the weekly release, dipped to 281,000, a 14-year low.
USD/JPY was flat in the Asian session but has posted strong gains in European trade, breaking above resistance at 107.68.
107.68 has reverted to a support level as the dollar shows strong gains. 106.85 is stronger.
108.58 is the next resistance line.
Current range: 107.68 to 108.58
USD/JPY ratio is showing gains in long positions on Thursday, continuing the trend seen a day earlier. This is consistent with the pair’s movement, as the dollar has posted strong gains. The ratio has a majority of long positions, indicative of trader bias towards the dollar continuing to move higher.

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RSI trading chart indicator

Sometime there as a problem with using the RSI in this manner is that in a strong uptrend the RSI will typically use forty as a support level.  And when price is in a strong downtrend, the RSI will use sixty as a resistance level.  many traders talk about using the RSI with those new parameters to identify some of those opportunities as they approach supply and demand levels. This is a good time to go long or short in a stock trade.
The best information traders can take from this is to understand there are more then one way to think trading the stock markets. Traders can keep an look on the news and normal trend analysis and sell near the low and buy near the high at support and resistance. Traders can watch the reality of how they make money buying and selling stocks.  Traders need to learn how to trade. many times you would start to think different because we all want to buy at low prices and sell at retail prices in every part of your trading. That is actually  how you need to think about the trading markets because the truth is, there is no difference between the proper buying and selling action you take when trading and the proper buying and selling action you take when buying and selling most of the different stocks.

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USD/CHF Daily

 USD/CHF  Daily
13::30 GMT - Mkt. has peaked for now after making new high at 0.9530.  Sup. comes a bit higher now at the day low at 0.9473 and very s/term  outlook should stay mildly positive while this holds. lower sup. is at 0.9440. Above 0.9530 next res. is at     0.9563.N.I.
R5: 0.9624 * 7 Oct high
R4: 0.9592/00  8/10 Oct highs
R3: 0.9574 * 13 Oct high
R2: 0.9563  15 Oct high
R1: 0.9530  today high
S1: 0.9473  today low
S2: 0.9440  intraday level
S3: 0.9396  16 Oct low
S4: 0.9358 * 15 Oct low
S5: 0.9300 * 16 Sep low

Japanese yen is steady on Monday, as USD/JPY

The Japanese yen is steady on Monday, as USD/JPY trades just below the 107 line. It’s a quiet start to the week, with no US or Japanese releases on Monday. In Japan, BoJ Governor Haruhiko Kuroda reiterated the central bank’s policy stance.
USD/JPY ratio is showing little movement on Monday. This is not consistent with the pair’s movement, as the yen has posted gains against the dollar. The ratio has a majority of long positions, indicative of trader bias towards the dollar reversing direction and moving higher.
On Monday, BoJ Governor Haruhiko Kuroda stated that Japan’s economy continues to improve modestly, although consumer demand is down after the consumption tax hike in April. The BoJ would prefer to stay on the sidelines, but there has been talk that the central bank could step in with additional stimulus if the economy takes a turn for the worse. Such a move would weigh on the already weak Japanese yen.

Dollar up 0.2% against yen at Y106.50. Euro down 0.1% to $1.2795.

 USD this week's selloff in the dollar, investors of all stripes remain heavily positioned with bets on the greenback's rise. The buck may well see another push lower to reach some degree of equilibrium for the market. "Given the positioning, the dollar will weaken more on negative data surprises than it will strengthen on positive data surprises," says Mark McCormick, FX strategist at Credit Agricole. Also, voices from the Fed are becoming more dovish of late, so more investors will likely hesitate before putting on, or adding to, dollar-long positions over next two weeks until FOMC. Dollar up 0.2% against yen at Y106.50. Euro down 0.1% to $1.2795.

USD/CHF Daily

 USD/CHF  Daily
13::05 GMT -Today's recovery has been capped so far in the 0.9480/00   res. band. Sup. should now be around 0.9430 while the more important  level is at 0.9395/00. A break here would swing the bias back to the downside. Higher res. is at 0.9520.N.I.
R4: 0.9592/00  8/10 Oct highs
R3: 0.9574 * Mon high
R2: 0.9520  intraday level
R1: 0.9480/00  intraday level
S1: 0.9430~  intraday level
S2: 0.9395/00  intraday level
S3: 0.9358 * Wed low
S4: 0.9300 * 16 Sep low