Usd/Jpy

BUY FROM: 78.60, T-1: 78.75, T-2: 78.91, T-3: 79.06
SELL FROM: 78.43, T-1: 78.29, T-3: 78.12, T-3: 78.01
:good:

http://i47.tinypic.com/30jsiyx.png

The short term trend of the pair is to the upside. Intraday trading range of the pair is expected among key support at 77.30 and key resistance at 79.55. Based upon my chart analysis, I prefer to stay aside from the pair until we get a confirm setup for the upcoming big move.

Couple little but still continues to rise north, yet for him to continue to overcome the resistance 78.80, then open virtually unimpeded path to the resistance level 79.60.

USD/JPY's consolidation fro 78.33 is still in progress and could continue further. Above 78.84 will bring another recovery. Though, the overall outlook remains unchanged. That is, price actions from 77.66 are either a consolidation pattern that's completed with three waves to 79.65, or is a five wave triangle pattern. In either case, recovery attempt should be limited well below 79.65 resistance. Break of 77.99 will indicate that fall from 84.17 is finally resuming for 75.56/84.17 support zone.

Support & Resistance 30/08/2012

Sup 1 : 78,83
Sup 2 : 78,96
Sup 3 : 79,14

PIVOT : 78,66

Res 1 : 78,52
Res 2 : 78,34
Res 3 : 78,22

BUY FROM: 78.67, T-1: 78.86, T-2: 78.98, T-3: 79.17
SELL FROM: 78.48, T-1: 78.36, T-2: 78.25, T-3: 78.11
:good:

http://i50.tinypic.com/2gw6l3k.png

The short term trend of the pair is to the upside. Intraday trading range of the pair is expected among key support at 77.30 and key resistance at 79.55. Based upon my chart analysis, I prefer to stay aside from the pair until we get a confirm setup for the upcoming big move.

BUY FROM: 78.61, T-1: 78.72, T-2: 78.83, T-3: 78.92
SELL FROM: 78.47, T-1: 78.35, T-3: 78.21, T-3: 78.09
:good:

Support & Resistance 31/08/2012

Sup 1 : 78,76
Sup 2 : 78,87
Sup 3 : 79,99

PIVOT : 78,62

Res 1 : 78,50
Res 2 : 78,37
Res 3 : 78,25

At the moment trend is bullish but price action has been held by the trendline resistance around 78.55 area and we are coming back into the trendline next area of target is 78.49 but close above pivot will make us see 78.70-78.90 area...lets be careful of news out of japan with the government saying they will be out of cash by october