Usd/Jpy

sell usd/jpy at the level 93.70 with targets at 92.75 and 92.38, but in case of breaking the level 94.20, then buy above this level with targets at 94.92 and 95.40

Usd/jpy analysis for 02.14.2013 by using : pivot indicator.

r3:94.78
r2:94.28
r1:93.83

pivot :93.33

s1:92.88
s2:92.38
s3:91.93

After the price made correction till fibonacci 61.8%, it was back into bullish movement again and i expect the price will arise to testing resistance 93.84. At the opposite direction, the price could move to touch pivot 93.33.

in the h1 time frame it is moving in a channel pattern. the upper side resistance is 93.65 and lower side support is 92.90. at the time we can see that it is overbought so it will move to down side and will break the support. we can trade in the breakout direction.

http://www14.0zz0.com/2013/02/14/13/820423956.gif


hi

how are you

we can see in the 4h chart

the pair can not close up the broken down trend line

I see the pair will go to down way to 92.41

stochastic refer that the pair will go down

so our target sell from 93.41 and our target will 100pips

Good luck
:respect::good::accute:

the pair stabilized trading the dollar against the yen at 50 SMA to continue our bullish intraday direction list ,waiting for the main objective at 95.50
take into consideration that the breach of 92.55 will turn intraday downward path to begin a downward price correction potential target,s start at 90.30

date- 15-2-2013
technical pivot point are-

resistance 3 - 94.49
resistance 2- 94.09
resistance 1- 93.47

pivot point- 93.07

support 1- 92.45
support 2- 92.05
support 3- 91.43

If we look on the current candle on H4 time frame, USDJPY has been rejected by the resistance level at 93.09. So, I think it will amke USDJPY fall today and reach the support level at around 92.48 or even lower if USDJPY can break it too.

Spoiler:

http://puu.sh/22JQL

USD/JPY intraday: the downside prevails.

Pivot: 93.25.
Our preference: SHORT positions below 93.25 with 92.1 & 91.75 as next targets.
Alternative scenario: The upside penetration of 93.25 will call for a rebound towards 93.85 & 94.45.
Comment: the pair has broken below a rising trend line and remains under pressure while challenging its support, the RSI stands below its neutrality area.

USD/JPY going bearish.
Trend: ST Consolidation
Key levels Comment
94.45*** Intraday resistance
93.85*** Intraday resistance
93.25*** Intraday pivot point
92.56 Last
92.1*** Intraday support
91.75** Intraday support
91.4*** Intraday support
http://dl.dropbox.com/u/51561036/scr...215-160028.png