Printable View
http://charts.mql5.com/1/116/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 90.10
stochastic refers that the pair will go down
so our target sell from 93.42 and our target will 330pips
Good luck
:girl::respect::good::accute:
By jpy now can safely catch the southern retreat, a few hours ago the touch of horizontal resistance 93.50 (which is already several times to observe the formation south of the wave) and the pair turned to the south, RSI is in the upper zone, lower I expect to at least 93.00 figure.
usd/jpy analysis for 03.06.2013 by using pivot indicator.
r3: 94.19
r2: 93.86
r1: 93.57
pivot: 93.24
s1: 92.95
s2: 92.62
s3: 92.33
in the m30 time frame the price is hold at the support 93.00 and it is move to the resistance at 93.50. for the long entry we will wait to break this resistance. if the price is close above the resistance we long this with the target next resistance at 93.70 with stop loss 93.20
In H1 chart, it is clear that the price is above the SMA 50 and SMA 100. USDJPY also break out the triangle range. This is good signal for entering a new buy order :)
http://s18.postimage.org/ye2dr9qvt/image.png
fast stochastic is intersecting slow stochastic bottom upward near sell border of stochastic it means pair is still have very strong bullish then will make new high above 94.00 because this border not strong enough then this intersection will become strong break out for pair
Guess USDJPY want go to 94.10 area, last time price reached there it drop about 300 pips
The price is less likely to drop that much, because that area has been visited several times
http://charts.mql5.com/1/118/usdjpy-...es-group-2.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 90.10
stochastic refers that the pair will go down
so our target sell from 94.07 and our target will 395pips
Good luck
Pair : USDJPY
Updated : Thu, Mar 07 10:40
Price : 93.89
Movement : -16.5 Pips
Movement : -0.18%
Support : 92.62
Pivot : 93.72
Resistance : 94.83
USD/JPY technical analysis for 07.03.2013 by using : Indicator RSI (14)
If the currency pair made it through resistance at 94.29 levels will likely potential targets towards next resistance level at 94.49 and 94.70 furthest ranges - 95.39. And if instead got through support at 93.54 would likely potential targets towards next support at 93.06 level and the furthest range of 92.88 - 92.20.
Indicator RSI (14), a line pointing upward indicate the direction of the potential to rise.
Movement range:
Short: 93.50 - 94.35
Normal: 92.85 - 94.75
Width: 92.15 - 95.45
Market Trends:
Short-Term: Consolidation
Medium-Term: Bullish
Long-Term: Bearish