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USD / JPY Still Restricted in the Lower 92.20
With retail sales of Japan has just released a little better than expected at -1.1% -1.4% when the consensus states, was the third month in a row with the largest declines, coming from the previous +0.3%, annual, USD / JPY moves slightly in 92.18, the highest around the session, while Nikkie index opened flat around the handle 11 400. This couple bounces from daily lows at 91.12 which is printed in early NY trading, but still down for the week with -1.23% from the previous weekly close Friday.
USD / JPY: "enter the Asian session with hourly chart showing fairly neutral stance, because the indicator turned around midlinenya flat, while prices growing far below the moving average. A lineage of short-term trends to be around 92.20, offers short-term resistance: for below, the positive side seems to be quite limited. Overall, and entered in March, and the end of the Japanese fiscal year, the negative side is preferred towards the recent lows at 90.80
Support: 92.07, 92.00, 91.94
Resistance: 92.32, 92.25, 92.19
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And did not break worth 80.6 strong support, I think this has been tested and support cost is the price you see Bill, closed at 79.80
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USD/JPY technical analysis for 27.02.2013 by using : Indicator RSI (14)
If the currency pair made it through resistance at 92.36 levels will likely potential targets towards next resistance level at 92.57 and 92.86 furthest ranges - 93.50. And if instead got through support at 91.56 would likely potential targets towards next support at 91.28 level and the furthest range of 91.04 - 90.31.
Indicator RSI (14), leads to the bottom line indicates the direction of the potential drop.
Movement range:
Short: 91.50 - 92.40
Normal: 91.00 - 92.90
Width: 90.25 - 93.55
Market Trends:
Short-Term: Consolidation
Medium-Term: Bullish
Long-Term: Bearish
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USD/JPY intraday: the downside prevails.
Pivot: 92.25.
Our preference: SHORT positions @ 92.15 with 91.35 & 90.8 as next targets.
Alternative scenario: The upside breakout of 92.25 will open the way to 92.75 & 93.1.
Comment: the pair stands below its resistance and is shaping a triangle pattern, the RSI is reversing down from its neutrality area.
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The pair continues to decline and is now waiting for movement in the direction of the level 90.21. It was only after working at this level will consider the possible movement. Today, a lot of news on the dollar, so there may jumps and kickbacks.
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Usd/jpy analysis for 02.27.2013 by using : pivot indicator.
r3: 94.39
r2: 93.56
r1: 92.77
pivot : 91.94
s1: 91.15
s2: 90.32
s3: 89.53
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Usd/jpy analysis for 02.27.2013 by using : pivot costum time.
r3: 94.37
r2: 93.56
r1: 92.76
pivot : 91.95
s1: 91.15
s2: 90.34
s3: 89.55
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http://charts.mql5.com/1/100/usdjpy-...nies-group.png
we can see in the 4h chart
the pair trading down the 50.0
I see the pair will go to down way to 90.62
stochastic refers that the pair will go down
so our target sell from 91.62 and our target will 90pips
Good luck
:good::respect::accute:
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Pair : USDJPY Updated : Wed, February 27 19:49 Price : 91.66 Movement : -30.2 Pips Movement : -0.33% Support : 90.37 Pivot : 91.95 Resistance : 93.54
