Usd/Jpy

usd/jpy support & resistance 23/11/2012
S3 81.68 S2 81.88 S1 82.09
R1 82.68 R2 82.88 R3 83.09
MOMENTUM(10) :buy
ROC(10) :buy
MACD(26,12,9) : natural

USDJPY has broken 82.44 level. Now, USDJPY is in down direction and may makes some correction movement to the lower support level at around 81.96. But if USDJPY can rise and break 82.44 level again, there's possibility of USDJPY to go up again and reach the next resistance level at around 82.98

The USD / JPY pair fell to Y82.36 during the Asian session, retreating from the previous day's high. This fall of currency on the European session was caused by speculations that on the Japan elections next month the power will go to the opposition party, which advocates for more aggressive easing of monetary policy. The USD / JPY pair established a maximum at Y82.83 level.:good:

Scenario for today
Elliott: impulse wave up 82.65
A corrective rise should ideally test 82.78 or even higher than 83.10. Supports are at 82.30. Stop loss below 81.95 zone.
Technical points
Key point 82.7400
Entry point 82.6100
Elliott 79.0800
Closing 82.4700
Projection 82.6500
Trendline 82.2800
Trendline 82.8700
Supports / Resistances
Res 2 83.1000
Ex-High 82.8400
Res 1 82.7800
Pivot 82.5200
Sup 1 82.2100
Ex-Low 82.2600
Sup 2 81.9500

The USD / JPY pair fell to Y82.36 during the Asian session, retreating from the previous day's high. This fall of currency on the European session was caused by speculations that on the Japan elections next month the power will go to the opposition party, which advocates for more aggressive easing of monetary policy. The USD / JPY pair established a maximum at Y82.83 level.

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usd/jpy technical analysis by using : average directional movement index

adx : 24.3443
+di : 19.8307
-di : 17.3745
timeframe : 1 hour

time : 1200
date : 23.11.2012

USD/JPY technical Analisis

Resistance 3: 82,73.:)
Resistance 2: 82,57.:)
Resistance 1: 82,40.:)
Support 1: 82.21.:happy:
Support 2: 82,05.:peace:
Support 3: 81.88.:good:

For the first time in recent months, one can observe the fall of the yen against the dollar (which is even more interesting is the tendency for the wound to weaken the U.S. dollar relative to European currencies), similar to the intervention, I think next week will see the 84.00 figure.

Scenario for the week
Elliott: extended impulse wave up 83.17
One move lower to 81.39 or 80.36 is anticipated while below 82.63 - 83.14 area. Stop loss above 83.86 zone.
Warning: Imminent end of bullish move
Technical points
Key point 83.3600
Entry point 82.3500
Elliott 79.0800
Closing 82.4100
Projection 84.0100
Trendline 80.6900
Trendline 82.9600
Supports / Resistances
Res 2 83.8600
Ex-High 82.8400
Res 1 83.1400
Pivot 82.1100
Sup 1 81.3900
Ex-Low 81.0900
Sup 2 80.3600