The short trend for the pair: UP
Expected targets for the day: 94.00 - 94.45
This scenario remains in place to continue the stability of the pair above the level of support: 93.00
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The short trend for the pair: UP
Expected targets for the day: 94.00 - 94.45
This scenario remains in place to continue the stability of the pair above the level of support: 93.00
Anyways i was think it gonna go up when it was around 80 and now it touch 80.35,
i think we can see around 80.70 in coming days.
USD/JPY technical analysis for 08.02.2013 by using : Indicator RSI (14)
If the currency pair made it through resistance at 93.72 levels will likely potential targets towards next resistance level at 93.92 and 94.10 furthest ranges - 94.68. And if instead got through support at 93.26 would likely potential targets towards next support at 92.94 level and the furthest range of 92.63 - 92.18.
Indicator RSI (14) overbought, downward line indicating the direction of the potential drop.
Movement range:
Short: 93.20 - 93.75
Normal: 92.60 - 94.15
Width: 92.15 - 94.75
Market Trends:
Short-Term: Consolidation
Medium-Term: Bullish
Long-Term: Bearish
I think current this pair is range bound from 93.18 to 93.91 and at this time it has bullish trend for short term traders. buy this pair on every dip.
Usd/jpy analysis for 02.08.2013 by using : pivot indicator.
r3: 94.83
r2: 94.37
r1: 94.00
pivot : 93.54
s1: 93.17
s2: 92.71
s3: 92.34
Usd/jpy tested its support level at 92.18 and the last candle stick is pinbar . The stochatics indicator that show us the price is in oversold point . So i think the price will keep going up and touch the nearest resistance level 93.15 soon .
http://vangsaigon.com/iupload/images/uj82.bmp
usd/jpy
the price is making a perfect pin bar candlestick pattern. that we can see in the h1 time frame but price is again moving to down side. but this will hold at the support 91.98 and major chance it will again moving to up side. we can wait for long signal. we can long when stoch and cci are come out from over sold area.
By JPY now be played on the southern continuation of decline, the pair managed to break through a number of very strong support levels, among them is the lower boundary of the rising channel, the nearest strong support level is near the 92.00 figure (also passes near and 200 moving) I think the main forces concentrated there bulls - on has enough to affect the recovery of the northern trend until the target 92.00.
sell usd/jpy at the level 92.60 with targets at 92.00 and 91.40, but in case of breaking the level 92.93, then buy above this level with targets at 93.35 and 93.75
Now I start to type a short position, the pair broke through and below the moving steadily strengthened alligator was also broken a strong zone of lower fractals, and working out is the stochastic divergence, momentum is downward, I think the first stop will be the 92.00 figure, but if it is broken, I will be adding more sale.