Spoiler:
The position of the current price is above 50 EMA on the Daily chart, momentum is bearish
The position of the MACD cross the line above area 0, the momentum is bearish
Trend today: Bullish
Target today:94.93
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The position of the current price is above 50 EMA on the Daily chart, momentum is bearish
The position of the MACD cross the line above area 0, the momentum is bearish
Trend today: Bullish
Target today:94.93
Usd/jpy analysis by using : moving average.
date : 02.06.2013
time frame : 15 min
ema5 : 93.79 signal- buy.
ema10: 93.77 signal-neutral.
ema20:93.72 signal-buy.
time : 03:30 GMT
USD/JPY technical analysis for 06.02.2013 by using : Indicators Moving Average
If the currency pair made it through resistance at 94.01 levels will likely potential targets towards next resistance level at 94.31 and 94.68 furthest ranges - 95.31. And if instead got through support at 93.64 would likely potential targets towards next support at 93.44 level and the furthest range of 93.17 - 92.69.
Indicators Moving Average period of 9 and 21, the two lines cut and pointing up to indicate the direction of the potential rise.
Movement range:
Short: 93.60 - 94.05
Normal: 93.10 - 94.75
Width: 92.65 - 95.45
Market Trends:
Short-Term: Bullish
Medium-Term: Bullish
Long-Term: Bearish
Bucks for yen bulls were still resistance + / - 93.15. Now this level is sufficiently strong level of support to which the bears can quite reach. I think that it makes sense to consider selling just after the break and fixing prices below the trend of acceleration:
in the h1 time frame it is acting now resistance 93.72 but first it will try to hit the right resistance at 94.18 after that we can see falling in the price. the stoch and cci indicator are also overbought so this can falling and will break the support at 93.00.
Couple mentioned today touches 94.00 figure then began a slight retracement southern descent, is in no hurry to close their long positions because I think that the course is more inclined to increase as the dollar index shows the northern spirit, a point of renewed growth in the northern zone will find support 93.50-93.60.
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: 95.85
Stop Loss :92.53
Now be a good point to wait for a long entry, the couple is in the north of the correctional stage and was supported around the red alligator slide, ready to show the stochastic buy signal, the trend continues to the north and signals of change is not present, the first target 94.00 and I think it break through.
Couple does demonstrate a strong northerly movement breaking through level after level, here and now completed his course a little corrective wave and the support of 93.30 again to resume northern trend, until a couple should expect a figure of about 94.00 (the current annual maximum), I think the bulls will not miss another opportunity to its to test the strength and perhaps that and break it.