maybe after 5 yrs price goes to 50. business good like forex forum indian good fast
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maybe after 5 yrs price goes to 50. business good like forex forum indian good fast
Elliott: impulse wave up 80.89
One move lower to 80.14 or 79.86 is anticipated while below 80.55 - 80.69 area. Stop loss above 80.95 zone.
Warning: End of trend
Technical points
Key point 80.5400
Entry point 80.4400
Elliott 79.2800
Closing 80.4200
Projection 80.6800
Trendline 80.1800
Trendline 80.4800
Supports / Resistances
Res 2 80.9500
Ex-High 80.6800
Res 1 80.6900
Pivot 80.4100
Sup 1 80.1400
Ex-Low 80.1300
Sup 2 79.8600
Today’s technical analysis
Price is open above the pivot point-
Resistance 3- 81.21
Resistance 2- 80.94
Resistance 1- 80.66
Pivot point- 80.39
Support 1- 80.11
Support 2- 79.84
Support 3- 79.57
Stochastic oscillator- price is open with some positive gap. In H1 chart stoch. Indicator is near 40 level. But in h1 a very good trend line this trend line break if price come below the pivot point and down trend may be expected near to 78.84
USD/JPY rise strong 3 days consecutive from wednesday until friday ago. Price make a week's highest price in level 80.67. Bullish movement in previous week is highest movement in this month. Now, price still in sideways movement, it estimated to go up and make a new highest price again more than friday ago.
The U.S. Dollar was higher against the Japanese Yen on Sunday.
USD/JPY was trading at 80.49, up 0.03% at time of writing.
The pair was likely to find support at 79.28, Tuesday’s low, and resistance at 80.67, Friday’s high.
Spoiler:
On the Daily chart price is above the 12 EMA (red) and 72 EMA (blue) indicates the trend is still up
* 21 RSI is above 50 indicates the trend is still up
Recommendation: BUY
Target: 81.50
USDJPY broke above 80.37 resistance and reached as high as 80.67 last Friday, suggesting that the uptrend from 77.43 has resumed.
Further rise could be expected and next target would be at 81.00 area.
Initial support is at 80.20 and the key support remains at the lower line of the price channel on 4-hour chart,
as long as the channel support uptrend will continue,
only a clear break below the lower line of the channel could signal completion of the uptrend.
The pair was able to reach the main goal is expected at 80.70, where the bounce down from there because of the strength and sensitivity of this level.
Usd/jpy technical analysis for 05.11.2012 by using : Auto pivot indicator.
resistance 3:81.32
resistance 2:81.00
resistance 1:80.75
pivot point :80.43
support 1:80.18
support 2:79.86
support 3:79.61
The couple began to form south corrective wave, the underlying trend is still north, and probably in the near future it will resume, south, I'll just have to consider when building below 80.00 figure.