Usdjpy did better than the other jpy pairs in terms of recovery from the selloff this week.
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Usdjpy did better than the other jpy pairs in terms of recovery from the selloff this week.
USD/JPY
this is very important forex pair ,many prople like to trade in this pair .this pair touches lower value in prevous montf aboy=ut 73$ now this pair traded nearly 93.50.it touches high value 94.20 in previous month. every one trade in this pair after nown its behaviour
usd/jpy
this is very important forex pair .I think all time low record is around 76, not around 92.88. Anyways i was think it gonna go up when it was around95 and now it touch 92.57, i think we can see around940.70 in coming day
Fundamentally usd/jpy is very strong because the P.M of japan in favor of quantitative easing which became further week yen,but we observe last week that pair brook upward momentum,so i personally feel this pair is now range bound in this area so sell and buy on daily high lows.
For a week a couple of wins back a fall which was on Monday, and that's the last day, after the formation of waves on top, still very good rushed to the top, so this picture gives a reason to expect more of the northern movement .. very possible to roll back to the so-called line trend and rise again to its previous highs ..q
USD/JPY
LONG positions above 92.4 with 93.1 & 93.6 as next targets.
Alternative scenario: The downside breakout of 92.4 will **** the way to 92 & 91.55.
Comment: the pair is challenging icts support, the RSI stands around neutrality icts area.
Good Luck
Usd/jpy analysis for 03.04.2013 by using : pivot costum time
r3: 95.26
r2: 94.46
r1: 94.03
pivot : 93.23
s1: 92.80
s2: 92.00
s3: 91.57
http://charts.mql5.com/1/109/usdjpy-...nies-group.png
we can see in the 1W chart
the pair trading down the 23.6
I see the pair will go to down way to 90.06
stochastic refers that the pair will go down
so our target sell from 93.67 and our target will 360pips
Good luck
Pair : USDJPY
Updated : Mon, Mar 04 09:33
Price : 93.39
Movement : -19.3 Pips
Movement : -0.21%
Support : 91.99
Pivot : 93.23
Resistance : 94.47
USD / JPY 93.50 Flat-Top
With the data in the monetary base in Japan has just released shows the annual increase in 12 months at 15% as previously expected 10.9% and 11.5%, and the Nikkei index opened on 11 650 up +0.68%, USD / JPY remains flat for the time being of the weekly close last Friday, last at 93.56. This pair lowest scoring session at 93.35, and the highest at 93.69, up +8.75% from the beginning of this year to the present day, and +19.34% in the last 6 months.
Valeria Bednarik, Chief Analyst at FXstreet.com, USD / JPY "was re-established in the SMA 100 and 200 in the charts by one hour, while both moving averages are slowly changing higher below the current price for flat indicators in positive territory . So far, the couple has been limited by some selling interest in the 93.80 area. Investors will wait Koroda before making a decision, but the above seems to be in demand toward the recent highs at around 94.50,
Support: 93.52, 93.47, 93.43
Resistance: 93.69, 93.64, 93.60