It says that Japanees economy is growing raising against the USD, Same in all pairs AUD also creating some all time highs against USD.
But Japanees recovered well from disaster and made Yen under control.
Printable View
this yen is still sitting on the support area, i think this support will be broke soon
the fibo ratio for retracement on d1 is already broke so there is no way this pair will go up
The current trend of an upward trend and then target 80.70 if the price went to the lowest point 79.85, breaking the trend turn to the downside targeting 79.60 then 79.45
i think usdjpy is taking some breathe before it going down back again....there is no clear signal from my view base on daily chart this pair will revesal the major trend and it still need to go down same as eurjpya and gbpjpy
usdjpy pair seems to have a small resistance at 80.25 .. this resistance is not that strong but it can be consider as small resistance..
If it crosses 80.25 and then further crosses 80.40, then it can move further up and can be bought till 80/70
current price still move between 80.00~80.35, I think UJ will still continue rising if price still can maintain move above 80.08 . And the next resistance level will see at 80.42~80.47 if price later is going up and able to breakout 80.35. Otherwise price will continue back with downtrend if not able to break 80.35.
USD/JPY ---> TF H1
Time: 22.06.11 04:53 GMT
Name Value Action
RSI(14) 58.676 Buy
STOCH(9,6) 65.475 Buy
STOCHRSI(14) 100 Overbought
MACD(12,26) 0.0172 Buy
ADX(14) 42.874 Buy
Williams %R -26.389 Buy
CCI(14) 75.8806 Buy
ATR(14) 0.0581 Less Volatility
Highs/Lows(14) 0.025 Buy
Ultimate Oscillator 45.236 Sell
ROC 0.135 Buy
Bull/Bear Power(13) 0.0661 Buy
Buy: 9 Sell: 1 Neutral: 1 Indicators Summary: STRONG BUY
http://i54.tinypic.com/wlykxj.gif
see the chart its now at strong resistance and support level...wait for cross it. and we can put accourding to crossing trend.
The previous week saw usdjpy consolidate at 81.04 and resume downtrend. (4hr/1d).
as of late, i think resistance is now established at 80.36.
break of support at 80.00 maybe expected and later on 79.70.
http://i1123.photobucket.com/albums/...1112-13-06.png
buy...buy...buy..marbels already lined up. we can directly open a buy position, or waiting at 80.30 points. good luck.