Usd/Jpy

Usd/jpy technical analysis for 30.11.2012 by using : Auto pivot indicator.

resistance 3:82.58
resistance 2:82.41
resistance 1:82.26

pivot point :82.09

support 1:81.94
support 2:81.77
support 3:81.62

http://img812.imageshack.us/img812/5959/imagexi.gif

Begins the USD / JPY trading today positively supported by strong stochastic, to continue the upward trend likely strongly to reach levels at 83.45 and then 84.00

We recall that the break's support levels between 82.00 and 81.45 will weaken chances of achieving the proposed height.

TODAY’s TECHNICAL LEVELS:

Resistance 3: 82.88.
Resistance 2: 82.72.
Resistance 1: 82.56
Support 1: 82.36.

Support 2: 82.19.
Support 3: 82.03.

DESCRIPTION:

Please, pay attention to the levels of support 3 (82.03) and resistance 3 (82.88). In general, when a level is touched, USD/JPY will rebound from the previous minimum...

USD/JPY recovers further from 81.68 but upside is still limited below 82.83. Intraday bias remains neutral and more consolidation would be seen. Below 81.68 will bring deeper pull back but downside should be contained well above 80.67 resistance turned support and bring rally resumption. Above 82.83 will extend the rise from 77.13 to 84.17 resistance and above.

In the bigger picture, rise from 77.13 is viewed as a leg inside the consolidation pattern from 75.56. Such rally could extend to 84.17 and above. But after all, there is no clear indication of long term trend reversal yet. As long as 85.51 resistance holds, we'd expect the downside from 124.13 to resume sooner or later to a new low below 75.56.

This pair having bearish trend today because USD is weak today and this pair will goes more down in the coming days and this pair will touch 80.354 level in the future because this trend line will go down ward and after few day this pair will move up a little bit.

USDJPY will resume rising movement to target rising next closest in the range of 82.64-83.36 resistance area. While the potential for movement down the USDJPY may be indicated if the price did not break through and closed above the upper-channel area, so the USDJPY will move back down to achieve the range of lower area-channel support near 81.40.

Support: 81.71
Pivot: 82.41
Resistance: 83.11

trendspotter buy
7 day average directional indicator buy
10-8 day MA hilo channel buy
20 day MA VS Price buy
20-50 Day MACD oscillator buy
20 Day Bollinger Bands hold

Technical Analysis for USDJPY 80% Buy

This pair can be more bearish again if then seller can break down more that 61.8 fibo (82.39). And I see - that the nearest target for bearish . this can probably touch to near that pivot line (near price 82.25).

Usd/jpy technical analysis for 03.12.2012 by using : Auto pivot indicator.

resistance 3:83.53
resistance 2:83.14
resistance 1:82.81

pivot point :82.43

support 1:82.10
support 2:81.71
support 3:81.38

"The heights by great men reached and kept were not attained by sudden flight, but they, while their companions slept, were toiling upward in the night." -Longfellow, Henry Wadsworth