Usd/jpy analysis for 02.11.2013 by using : pivot indicator.
r3: 95.10
r2: 94.41
r1: 93.55
pivot: 92.86
s1: 92.00
s2: 91.31
s3: 90.45
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Usd/jpy analysis for 02.11.2013 by using : pivot indicator.
r3: 95.10
r2: 94.41
r1: 93.55
pivot: 92.86
s1: 92.00
s2: 91.31
s3: 90.45
sell usd/jpy at the level 93.10 with targets at 92.10 and 91.00, but in case of breaking the level 93.40, then buy above this level with targets at 94.10 and 95.00
USD/JPY technical analysis for 11.02.2013 by using : Indicator RSI (14)
If the currency pair made it through resistance at 92.87 levels will likely potential targets towards next resistance level at 93.06 and 93.26 furthest ranges - 93.72. And if instead got through support at 92.35 would likely potential targets towards next support at 92.11 level and the furthest range of 91.96 - 91.40.
Indicator RSI (14), leads to the bottom line indicates the direction of the potential drop.
Movement range:
Short: 92.30 - 92.95
Normal: 91.90 - 93.30
Width: 91.35 - 93.75
Market Trends:
Short-Term: Consolidation
Medium-Term: Bullish
Long-Term: Bearish
As my analysis last week , although need a long time to touch the resistance level at 93.15 . If the price can break this level , i think this pair running its bullish again and trying to test the bext resistance level at 93.90 .
http://vangsaigon.com/iUpload/images/uj112.bmp
in the h1 time frame we can see that price is hold at the support 92.30 and not able to break this level. at the time stoch and cci again moved to overbought side but in the chart we can see it is reached to the resistance at 93.55 and may be not able to break this resistance and will try to move again down side. we can short this pair and target is 92.60
Looks like a couple again resumed its main northern trend, fighting off competition from 200 sliding course formed pulse wave northern and managed to break a number of strong resistance levels, among them the figure of 93.00, while cost and wait for a small correction has to come from her in the purchase, to be washed again resistance 93.85.
Couple found itself in oblique resistance level that has the medium term, on the hourly chart snake noticeable consolidation and increased activity bears Stochastic also shows a sell signal, given the strong growth in the north hope to formation of the correctional wave south (at least) on this level.
USDJPY Bearish
Prev Close: 92.7100
Open: 92.7155
Day's Range: 92.3320 - 93.70
52wk Range: 77.2455 - 94.02
I see there is no bull power come after the gap open, price only little range retrace possible to down again to hit 91.90. Beside that condition, bullish could be wake on if breaking upside area above 92.86
this pair and direction of the cross at the beginning of the Chinese New year
were trader at a pair of USD/JPY during the Asian as closed most market for the new year