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USD/JPY intraday: the upside prevails.
Pivot: 92.70.
Our preference: LONG positions above 92.7 with targets @ 93.9 & 94.3.
Alternative scenario: The downside breakout of 92.7 will open the way to 92 & 91.55.
Comment: the pair stands above its new support and remains on the upside, the RSI stands above its neutrality area.
still strong bullish although now this long sideways above the daily target of his long 2 93.32.
For USDJPY still ok for a bullish price continues the motion above the daily target of his long 2 93.32
Usd/jpy analysis for 03.04.2013 by using : pivot indicator.
r3: 95.32
r2: 94.51
r1: 94.05
pivot : 93.24
s1: 92.78
s2: 91.97
s3: 91.51
USD/JPY is nice pair in forex market. And many traders like this pair in the world. And USD/JPY pair very popular in around the world. I am was do try trade in forex market some day ago. So if you want try this pair trading in market.
http://charts.mql5.com/1/110/usdjpy-...nies-group.png
we can see in the 1h chart
the pair trading down the 23.6
I see the pair will go to down way to 93.09
stochastic refers that the pair will go down
so our target sell from 93.58 and our target will 47pips
Good luck
usd/jpy currently trading at 93.55 today's high 93.69 and low 93.28,previously this pair have strong upward trend but from mid of last week this pair again set upward trend i suggest short from 94 with a stoploss of last month high if this pair break that high put buy stop on 94.70.good luck
in the m30 time frame the price is break now at the resistance side 93.80 . it is moving in a channel pattern. the upper side resistance of the channel is 93.80 and lower side support is 93.25. we can trade in the breakout direction. but now we can short this pair with the target of support at 93.30
by JPY now can make a good position to buy as the couple after breaking 93.28 support was not supported by the bears, and they were unable to continue to decline, this breakdown is false in nature and shows the weakness of the bears, besides the dollar index continues to rise, waiting for the approach to the level 94.00 a couple at least.
USD/JPY analysis for March 05,2013 based on daily median
Upwards scenario:
If price move above 93.46 expected target are:
R1 : 93.57
R2 : 93.71
R3 : 93.85
Downwards scenario:
If price move below 93.46 expected target are:
S1 : 93.30
S2 : 93.16
S3 : 93.02
New Signal
USD/JPY
From 01:36 05-Mar-2013 GMT
Till 05:36 05-Mar-2013 GMT
Sell
Sell at 93.51
Take profit* at 93.12
Stop loss at 93.82