The course seems to go on a retreat from the resistance 80.50, MASD showed a sell signal, on smaller plots have a change of trend, the course has already broken through the sliding alligator on the hourly and 4 hour chart.
Printable View
The course seems to go on a retreat from the resistance 80.50, MASD showed a sell signal, on smaller plots have a change of trend, the course has already broken through the sliding alligator on the hourly and 4 hour chart.
\\\\\The course seems to go on a retreat from the resistance 80.50, MASD showed a sell signal, on smaller plots have a change of trend, the course has already broken through the sliding alligator on the hourly and 4 hour chart.\\\\\
The pair continued to move lower after testing 80.60 key resistance, the pullback is expected as signs of exhaustion have appeared on momentum indicators. However, the previously suggested bullish scenario continues to be valid .
The trading range for this week is among key support at 79.00 and key resistance now at 81.50.
The general trend over short term basis is to the upside targeting87.45 as far as areas of 75.20 remain intact.
http://www.dohaup.com/up/2012-11-05/admin1735489567.png
At this point, intraday bias in USD/JPY remains on the upside with 80.21 minor support intact. Current rally is expected to continue towards 61.8% retracement of 84.17 to 77.13 at 81.48 next. On the downside, below 80.21 minor support will turn bias neutral and bring consolidations. But retreat should be contained by 79.27 support and bring another rally.
Buy : 80.30, 80.10
TP : 81.10
Stoploss : 79.90
Sell : 80.95, 81.15
TP : 80.40
Stoploss : 81.35
Resisten : 80.94, 81.22
Support : 80.12, 79.84
Range : 80.30 - 81.10
http://img809.imageshack.us/img809/2461/imagerb.gif
The pair was able usd/ jpy from access to the main goal is expected at 80.70, where the bounce down from there because of the strength and sensitivity of this level.
Now control the disposal price for critical levels between the above-mentioned resistance and support 79.40, as the penetration of 80.70 will open the door to further gains in the short term, while breaking the 79.40 price will return to the downward path again.
The pair really is a change of trend, the rate could not be strengthened above 80.34 resistance, and again he was returned under this level, but so far to confirm the reversal (for the basic sales) have to wait a short breakdown of the support level 80.20.
If level determinants 80.35 a pullback by not penetrate the area is lower than the area, the movement of the USDJPY will then be very likely to re-test 80.68 resistance area.
usd/jpy technical analysis by using : average directional movement index
adx : 43.9412
+di : 11.7731
-di : 23.4323
timeframe : 1 hour
time : 1900
date : 05.11.2012
despite the rise in the dollar market Japanese currency managed to show some teeth, and roll back .... but I think such a strong level of support to be a mark of 80.00 which is likely to continue to grow a pair .. so I'm waiting for a stop or consolidation to be able to enter with a short stop. .