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USD/JPY intraday: further upside.
Pivot: 93.50.
Our preference: LONG positions above 93.5 with 94.45 & 95 in sight.
Alternative scenario: The downside penetration of 93.5 will call for 93 & 92.75.
Comment: the pair has broken above its resistance and should post further advance towards its previous high, the RSI is well directed but is also overbought.
LWMA Lines indicated overbought for this pair in H1 graph, so the downwards movement would be happen at anytime for making a retracement here. My expectation price will going down until 94.09 then going up again.
A slighty bullish could made draw down 50% and the rejection from 93.48 would make the downtrend coming back then continue to make a new low again. My expectation the price may down to initial support 1 @92.43 and use 93.90 as the stop lost here...thank you.
Pair : USDJPY
Updated : Mon, February 25 15:00
Price : 94.09
Movement : 68.5 Pips
Movement : 0.73%
Support : 92.69
Pivot : 93.28
Resistance : 93.86
---------- Post added at 03:03 PM ---------- Previous post was at 03:00 PM ----------
Pair : USDJPY
Updated : Mon, February 25 15:02
Price : 94.12
Movement : 72 Pips
Movement : 0.77%
Support : 92.69
Pivot : 93.28
Resistance : 93.86
:)
sell usd/jpy at the level 94.26 with targets at 93.44 and 92.50, but in case of breaking the level 94.70, then buy above this level with targets at 95.20 and 95.60
USD/JPY technical analysis for 25.02.2013 by using : Indicator RSI (14)
If the currency pair made it through resistance at 94.23 levels will likely potential targets towards next resistance level at 94.49 and 94.76 furthest ranges - 95.39. And if instead got through support at 93.82 would likely potential targets towards next support at 93.66 level and the furthest range of 93.46 - 93.11.
Indicator RSI (14), a line pointing upward indicate the direction of the potential to rise.
Movement range:
Short: 93.75 - 94.30
Normal: 93.40 - 94.80
Width: 93.05 - 95.45
Market Trends:
Short-Term: Bullish
Medium-Term: Bullish
Long-Term: Bearish
Usd/jpy analysis by using : moving averages.
time frame : 15 min
time : 10:15 GMT.
ema5 : 93.89 signal-sell.
ema10:93.94 signal-sell.
ema20:94.00 signal-sell.
There's a significant gap on USDJPY when the market open. Now USDJPY is moving around the resistance level at 94.31. With this condition, I think USDJPY will try to close the gap first. So, I expect this pair will fall to the support level at 93.71 or lower.
Spoiler:
A pair of USD/JPY holds gains above the level of 94.00
Rose pair USD/JPY from 93.36 to 94.50 with the opening point trades this week
http://charts.mql5.com/1/96/usdjpy-h...nies-group.png
we can see in the 4h chart
the pair trading down the 23.6
I see the pair will go to down way to 92.72
stochastic refers that the pair will go down
so our target sell from 93.39 and our target will 66pips
Good luck