Usd/Jpy

Also climbed on sale for JPY, the pair formed a clear side channel and after the course went to the top of the boundary - 88.30 level began consolidation also considerably forming a double bottom + MASD also skirts the southern signal target figure of 87.00.

Today(11-1-13 ) pivot point are-

Resistance 3- 89.98
Resistance 2- 89.38
Resistance 1- 89.07

Pivot point- 88.47

Support 1- 88.16
Support 2- 87.56
Support 3- 87.25

but in this case the analysis of those worked very well, the price strayed from 86.80 support and just shot at the break as the action ... so that a very strong movement in the top continues ... waiting to enter the rollback position ...

Spoiler:

http://sadpanda.us/images/1341873-B45XSX1.png

On the Hourly chart, price is above the 12 EMA (red) and 72 EMA (blue) indicates the trend is still up
50 RSI is above 50 indicates the trend is still up
Recommendation: BUY
Take profit: 90.00
SL: 88.09

http://i45.tinypic.com/28cg9iq.gif

The pair breaks the 88.25 levels which confirms the further bullish movement. The stability above 88.25 levels is must for the bullish movement if the pair breaks below this levels than it negates the upside move. According to my chart analysis, I prefer to buying the pair above 89.00 with targets 89.60, 90.10 then 90.85 and stoploss with four hour candle closing below 88.25.

this is a pair of currencey that has the best trends in the market and being that it has go9t the best in the market that we can trade with then i can say that we have to make some very serious adjustment .

An interesting situation is traced by jpy, amid the sharp fall of the dollar in almost all majors (especially the euro) jpy was even weaker against the weak dollar and yesterday still broke through strong resistance 88.30 and reached a new high, against the trend seems better not to go while waiting for the completion of corrective steps to open the shop.

decided to add another purchase, the couple worked fine yesterday my signal to the north and broke through a strong area of fractals (Resistance 88.38) is a course again looms support around 88.85 which was already a lower fractal, also in the region are moving alligator and 89.00 figure, can now order become a figure of 90.00.

For USDJPY this more to be nice bulls of course. Look that this nice bulls can still play as long as that ex. resistance (near price 88.42) can not be break down again by seller.

Pair seems to have found a buyer in the oblique medium level from which to pick up again forming the northern waves, now the course is moving back to the area of ​​the current day high of 89.30, if the course will be able to overcome it then reopen the shop, this breakthrough should open the way to the 90.00 figure, which I think and will be the main purpose of the bulls.