http://prntscr.com/3ps4ya
analysis for today 6 / 5 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle EUR/JPYon the date 6 / 4 / 2014
OPEN 139.66
HIGH 139.93
LOW 139.55
CLOSED 139.69
The third resistance (R3) 139.93 - ( 139.72 - 139.55 = 0.17 x 2 = 0.35 )= 140.28
The second Resistance (R2) 139.72 + 139.93 - 139.55 = 140.10
First resistance (R1) 139.72 x 2 = 279.45 - 139.55 = 139.90
pivot points 139.93 + 139.55 + 139.69 = 419.17 / 3 = 139.72
Support for the first (S1) 139.72 x 2 = 279.45 - 139.93 = 139.52
Support second (S2) 139.72 - ( 139.93 - 139.55 = 0.38 ) = 139.34
Third Support (S3) 139.55 - ( 139.93 - 139.72 = 0.21 x 2 = 0.41 )= 139.14