Analysis result USD JPY 30-01-2013
UP TREND (STRONG)
Signal 20 pips : BUY @ 90.88 Set S/L @ 90.58 Set TP @ 91.08
Signal Breakout : BUY @ 91.08 Set S/L @ 90.78 Set TP @ 91.28
Reversal Prediction HIGH : 91.28
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Analysis result USD JPY 30-01-2013
UP TREND (STRONG)
Signal 20 pips : BUY @ 90.88 Set S/L @ 90.58 Set TP @ 91.08
Signal Breakout : BUY @ 91.08 Set S/L @ 90.78 Set TP @ 91.28
Reversal Prediction HIGH : 91.28
USD/JPY technical analysis for 30.01.2013 by using : Indicator RSI (14)
If the currency pair made it through resistance at 91.18 levels will likely potential targets towards next resistance level at 91.51 and 91.92 furthest ranges - 92.34. And if instead got through support at 90.51 would likely potential targets towards next support at 90.31 level and the furthest range of 90.11 - 89.43.
Indicator RSI (14), a line pointing upward indicate the direction of the potential to rise.
Movement range:
Short: 90.35 - 91.25
Normal: 90.05 - 91.95
Width: 89.40 - 92.40
Market Trends:
Short-Term: Consolidation
Medium-Term: Bearish
Long-Term: Bearish
USDJPY rejected by resistance level 91.03, but it seems that the pair will re-test the level. If it broken, the pair will rise to 91.36, but if it fails to break again, USDJPY will likely fall towards 90.35
short positions at 90.80 with 90.40 and 90.00 as next targets
the breakout of 91.20 will call for arebound towards 91.60
buy usd/jpy at the level 91.04 with targets at 91.76 and 92.13, but in case of breaking the level 90.65, then sell at this level with targets at 90.15 and 89.65
On the hourly chart, price is above the 12 EMA (red) and 72 EMA (blue) indicates the trend is still up
50 RSI line cross above the 50 area, indicates the trend is still up
Recommendation: BUY
Take profitt: 91.72
Stop Loss :90.68
A couple does not seem to stop, has completed a small southern correction and again she jerked to the north and then broke the resistance 91.13 (this was a signal to buy), the course has steadily consolidated figures above 91.00 and is now at a yearly high, against the trend is better not to go, well, well and not far to 100.00)))) stop until hidden below 90.90.
Pair again came to the medium-sloping resistance level, which is already more than once happened southern retreat, Stochastic is preparing to file a sell signal on the hourly chart is already evident a full stop and the beginning of a decline, hold a short position until the target - Support 91.00 (if the break will add another one) 90.55.
with this type of currency pare then all is well for me thatway i know that with the market a being take care of by the forex market but yu have to trade nice and slow just to make sure that ou are trading very well.
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