but apparently did not like the bottom ... so quickly rebounded from the lows and now to 30 min chart we see that prices tend to the top and how to break through the 78.30 level ... so I would say that may grow in the next week and to 79.00 ...
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but apparently did not like the bottom ... so quickly rebounded from the lows and now to 30 min chart we see that prices tend to the top and how to break through the 78.30 level ... so I would say that may grow in the next week and to 79.00 ...
after QE3 it is time for dollar selling, but the biggest mystery was this usdjpy. and now we are pretty sure that the pair is heading north, aiming a possible 79.13 level. the down****ing japan economy is responsible for this.
USD / JPY descend triangle vs triple bottom sell against 79 or sell on a break below 77 to the level of intervention 75
[IMG]http://i49.tinypic.com/bi42o7.jpg[/IMG]
long positions at 78.3306 with 78.6430 and 79.2200 as next targets
the breakout of 77.9880 will call for arebound towards 77.5340
Price is below the 12 EMA and above 72 EMA indicates the trend is still up
RSI 50 are also still in the area of 50 momentum trend is still up
Recommendation: buy
Range 79.07-78.25
Breakthrough 77.70 support level was false, the pair has grown again, the course now ran into a sloping long-term level (on the daily chart), the formation of a southern wave, consider buying only the breakout 79.00.
short positions at 78.5980 with 78.21700 and 77.7825 as next targets
the breakout of 78.92700 will call for a rebound towards 79.30900
Spoiler:
Price below 12 EMA and 72 EMA indicates trend is still down
50 RSI above 50 indicates the momentum of the trend is still up
Recommendation: wait and see or sell if RSI still below 50 area
Range:79.07-78.33
short positions at 79.0830 with 78.8070 and 78.4430 as next targets
the breakout of 79.33700 will call for a rebound towards 79.6570
Pivot: 78.45. Our Preference: LONG positions above 78.45 with 79.25 & 79.35 as next targets.
Alternative scenario: The downside penetration of 78.45 will call for a slide towards 78.15 & 77.9.
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