Printable View
USD/JPY intraday: BEARISH and under pressure.
Pivot: 92
Our preference: Short positions below 92 with targets @ 91.1 & 90.8 in extension.
Alternative scenario: Above 92 look for further upside with 92.25 & 92.75 as targets.
Comment: the pair stands below its resistance and is shaping a triangle pattern, the RSI is reversing down from its neutrality area.
http://dl.dropbox.com/u/51561036/scr...228-001838.png
Be alert before taking your trading decision.
Buyers are taking positon for collection currency with low rate,
Don't be panicked, at present situation there is nothing to be worried with your holdings.
USD/JPY technical analysis for 28.02.2013 by using : Indicator RSI (14)
If the currency pair made it through resistance at 92.76 levels will likely potential targets towards next resistance level at 93.09 and 93.50 furthest ranges - 94.04. And if instead got through support at 92.06 would likely potential targets towards next support at 91.87 level and the furthest range of 91.59 - 91.11.
Indicator RSI (14), a line pointing upward indicate the direction of the potential to rise.
Movement range:
Short: 92.00 - 92.80
Normal: 91.55 - 93.55
Width: 91.05 - 94.10
Market Trends:
Short-Term: Bullish
Medium-Term: Bullish
Long-Term: Bearish
Usd/jpy analysis for 02.28.2013 by using : pivot indicator.
r3: 94.02
r2: 93.22
r1: 92.72
pivot : 91.92
s1: 91.42
s2: 90.62
s3: 90.12
Now USDJPY has touched the resistance level at 92.50 and this pair is moving around that resistance level.if USDJPY can break this resistance level , I think this pair will go to next resistance level at 93.09.
in the h1 time frame the pair is making now at the resistance at 92.70. here we can see the formation of doji candle and the stoch and cci are also overbought. so price will move to downside. we can short this pair with the target 91.50 and stop loss is 93.00
USD/JPY intraday: the bias remains bullish.
Pivot: 91.80.
Our preference: LONG positions @ 91.9 with 92.75 & 93.1 as next targets.
Alternative scenario: The downside penetration of 91.8 will call for a slide towards 91.55 & 91.1.
Comment: the pair has broken above a declining trend line and remains on the upside, the RSI is well directed.
Usd/jpy analysis for 02.28.2013 by using : pivot costum time
r3: 94.02
r2: 93.22
r1: 92.72
pivot : 91.92
s1: 91.42
s2: 90.62
s3: 90.12
Pair : USDJPY
Updated : Thu, February 28 18:46
Price : 92.14
Movement : -8.2 Pips
Movement : -0.09%
Support : 90.64
Pivot : 91.93
Resistance : 93.22
USDJPY has touched the resistance level at 92.48 and now this pair is moving around that resistance level. Then, if USDJPY can break this resistance level successfully, I expect this pair will continue going up to the next resistance level at 93.09.Spoiler: