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USD/JPY intraday: under pressure.
Pivot: 96.3
Our preference: Short positions below 96.3 with targets @ 95.45 & 95.05 in extension.
Alternative scenario: Above 96.3 look for further upside with 96.7 & 97 as targets.
Comment: the pair is rebounding but stands below its resistance, the RSI stands below its neutrality area.
in the M30 time frame the price is break the support at 96.00 but lower side it is hold at the support 95.60 it is again move up side but not able to break last support at 96.00 so this pair will move to the down side and will break the support and move to the support at 95.40
USDJPY plummeted to a record low of 75.90 early in the New York session. Traders were long dollars and had built up too many positions from last week when risk sentiment was low due to eurozone debt concerns so they were adjusting positions before the weekend and sold off the excess dollars. :D
USD JPY
From 00:26 13-Mar-2013 GMT
Till 04:26 13-Mar-2013 GMT
Sell at 95.95
Take profit* at 95.52
Stop loss at 96.22
Usd/jpy technical analysis by using moving averages.
date : 03.13.2013
time : 02:45 GMT
time frame : 15 min
sma200 : 96.16 signal- sell.
sma100 : 96.11 signal- sell.
USD/JPY intraday: under pressure.
Pivot: 96.30.
Our preference: SHORT positions @ 96.2 with targets @ 95.45 & 95.05.
Alternative scenario: The upside penetration of 96.3 will call for a rebound towards 96.7 & 97.
Comment: the pair remains under pressure and is breaking below its support, the RSI stands below its neutrality area and is badly directed.
well..good question...In the m30 chart the price is moving in a support and resistance range. the support is 92.45 and the resistance is 92.80. we can trade in the breakout direction. if the price is break the support at 92.45 we can hold to the next support at 92.00.
Usd/jpy analysis for 03.13.2013 by using pivot indicator.
r3: 97.71
r2: 97.20
r1: 96.64
pivot: 96.13
s1: 95.57
s2: 95.06
s3: 94.50
In the M30 time frame the price is still moving along the resistance trend line it is having resistance at 95.85 and second resistance at 96.10. now the stoch is giving us short signal but lower side the price 95.45 providing a support. we can short this pair if the support is break to the target 94.80
http://charts.mql5.com/1/143/usdjpy-...orex-group.png
we can see in the 4h chart
the pair trading down the 38.2
I see the pair will go to down way to 94.49
stochastic refers that the pair will go down
so our target sell from 75.70 and our target will 112pips
Good luck