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USDJPY At this precise moment this pair is around 93. 30/38 (-0.31%). looking at the indicator Moving Average Convergence Divergence (MACD) we can see it is at -0.0068 indicating that we should be in a Neutral situation. Also the Exponential Moving Average period 20 is moving at 93.7806, indicating that we are in a Sell trend. For now today extreme levels are: High 94.07 Low 93.27. Today main pivot point is 93.09.
Usd/jpy analysis by using : moving averages.
date : 02.07.2013
time frame : 15 min.
ema5 : 93.75 signal- neutral.
ema10:93.77 signal-sell.
ema20:93.78 signal-sell.
time : 03:30 GMT
Spoiler:
The position of the current price is below 50 EMA on the hourly chart, momentum is bearish
The position of the MACD iscross the line under area 0, the momentum is bearish
Trend today: Bearish
Target today:92.00
USD/JPY technical analysis for 07.02.2013 by using : Indicator RSI (14)
If the currency pair made it through resistance at 93.69 levels will likely potential targets towards next resistance level at 93.92 and 94.04 furthest ranges - 94.68. And if instead got through support at 93.11 would likely potential targets towards next support at 92.94 level and the furthest range of 92.74 - 92.18.
Indicator RSI (14) overbought, downward line indicating the direction of the potential drop.
Movement range:
Short: 93.05 - 93.75
Normal: 92.70 - 94.10
Width: 92.15 - 94.75
Market Trends:
Short-Term: Consolidation
Medium-Term: Bullish
Long-Term: Bearish
usd/jpy
this pair is moving in the overbought level as per stoch and cci indicator in h4 time frame. in the chart we can also see that price 94.00 is also acting as a resistance. may be this is not break so we can short this pair with target support at 93.26
Bears do not even have the strength to drop a couple of the lower boundary of the channel, the bulls rush to shop, the pair again began to resume its trend and has just completed its corrective wave, the course also managed to break through and short-term resistance level of 93.65 which gave a buy signal, while the main objective of the bulls now will break 94.00 figure (it should be open to buy as the upper limit of the channel).
So far as the pair looks tired to continue to grow, the rate of almost worked northern signal and formed belittle upper fractal, so plan to open sale at 93.33 with a break of support for 92.18, but if the course is still able to resume growth and break the current maximum figure of 94.00, will be considered again buy the trend.
Usd/jpy is trying to test its support level at 93.15 . If it can break that support level , so i will expect the downwards soon and the nearest target should be at 92.42 . If not , the uptrend will be continued and the bullish will happen soon .
http://vangsaigon.com/iupload/images/uj72.bmp
\\\\Time to sell usd / jpy, the couple can now begin to work out a double top, the more that the course has already broken through the support of 93.28, it is worth to note, and the divergence MASD followed her signal to sell, this divergence is visible on the hourly and 4-hour chart, the breakout 93.00 figure plans to add another sale, the north is not looking.\\\\\
USDJPY This pair is at 93. 59/60 (-0.04%) level. If we look at the Average Directional Indicator (ADX) it is telling us that we should be in a Neutral situation. In the one hour time frame the Exponential Moving Average period 5 is at 93.7541, giving the indication that we should Neutral. And the Exponential Moving Average period 20 is at 93.7806, giving the indication that we should be in a Sell situation.