This pair jumped yesterday to 78.80 region after the Non-farm payroll and unemployment data in the united states came out well yesterday on friday. I see a further rise to 79.00 in the coming week or even 80.00.
Printable View
This pair jumped yesterday to 78.80 region after the Non-farm payroll and unemployment data in the united states came out well yesterday on friday. I see a further rise to 79.00 in the coming week or even 80.00.
On daily chart the pair is still forming a tapered triangle ... stochastics begins to curve down from the overbought ... so soon again, I think we go down to test support expected shot :)))
No change in usd/jpy out look at this point, we'd slightly favor the case that fall from 84.17 is finished at 77.13 already. In the bigger picture, firstly there is no singn of trend reversal in usd/jpy yet and the larger down trend from 124.13 is still expected to continue.Some 20YRS back, price was more then 300, around 10 years back price was around 150 and now 80 maybe after 5 Yrs price goes to 50.
Usd/jpy technical analysis for 07.10.2012 by using : auto pivot point. It is 1h time frame. Enjoy it.
Resistance 3: 79.11
Resistance 2: 78.91
Resistance 1: 78.69
Pivot: 78.49
Support 1: 78.27
Support 2: 78.07
Support 3: 77.85
Usd/jpy is hourly up and daily up.
Daily average 41
Today high or low 59
on the my chart this pair passing the correction after the high reach on.
Price turn back to the 78.65 as Resistant 1 Area
Bull still keep perform here, If the gap next monday up, it's posible to continue bullish to the next level at 79.26 area.
this pair USDJPY , moving at bullish trend and now at resistance area 78.66 and move sideway at the end of week.
this price also moving at upper of bollinger band. this pair potentially to move pull down as bearish trend after sideway at the beginning of next week.
Indicator hma 32 had crossed up hma 192 to up. this is indicated that in next week price can continue its bullish trend with strong positif sentiment. In this week price hold in not so far from weekly ressistance 2 level at 78.60. If price can not continue up tren, it may be back to 78.26 as weekly ressistance 1 level.
this pair, now at resistance area and move sideway at the end of week. this price also at upper of bollinger band. after sideway at the beginning of next week. this pair potentially to move pull down as bearish trend.
Spoiler:
Yes, it is seen that a couple of hours on the schedule drawn up trend and struck a very strong level of 78.60 which is now being tested on the back ... so it seems that should continue to the top of the objectives above 79.00 ...@>-
at resistance area and move sideway at the end of week. this price also at upper of bollinger band. after sideway at the beginning of next week. this pair potentially to move pull down as bearish trend. drawn up trend and struck a very strong level of 78.60 which is now being tested on the back.