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As you see in my following attached chart, the pair breached 94.45 and settled above it, to stop yesterday suggested negative scenario, and trades above the EMA50, and on the other hand, Stochastic enters the overbought levels and might push negatively on the intraday trading. Therefore, the neutrality is required now, waiting for getting clearer signals for the trend.
Spoiler:
The position of the current price is above the 50 EMA on the hourly chart, momentum is bullish
The position of the current MACD cross the line above the area 0, the momentum is bullish
Trend today: bullish
Target today:95.34
USDJPY analyze via the examine out hourly time period indicates that that offers are actually arriving down in addition to structured some bearish engulfing pattern. Through this Oriental exercise USDJPY brief of cash via the brain conventional of ninety-six. 00. With the help of candlesticks purchasing USDJPY brief of cash throughout pattern range therefore likely be bearish with the help of 92. twenty-two system might be in the area.
Usd/jpy analysis for 03.27.2013 by using pivot indicator.
r3: 95.49
r2: 95.05
r1: 94.74
pivot: 94.30
s1: 93.99
s2: 93.55
s3: 93.24
JPY today shows an increase with all pairs, usd / jpy pair met with resistance at 94.88 went to hang up and continues to form a strong southern waves, is developing a sell signal MASD, the next support level is around 93.80-93.50, while waiting for my entry point for sale .
http://charts.mql5.com/1/222/usdjpy-...orex-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 91.59
stochastic refers that the pair will go down
so our target sell from 94.26 and our target will 267pips
Good luck
@>-:good::woo:
JPY looks great on the south, today demonstrated a rebound from a pair of blue alligator slide after which formed this southern wave Stochastic signaled for sale and is now pointing down, you can expect to reduce the area of the lower fractal 93.50 level as this is the closest level of support.
USD/JPY intraday: under pressure.
Pivot: 94.65
Our preference: Short positions below 94.65 with targets @ 93.95 & 93.5 in extension.
Alternative scenario: Above 94.65 look for further upside with 94.95 & 95.2 as targets.
Comment: the pair has broken below its support and remains on the downside.
According to the H1 chart USDJPY now spported by 94.15 . I expect this pair will go again 93.85 area. If USDJPY break 94.15 support level successfully , this pair will fall into 93.00 area.
http://charts.mql5.com/1/223/usdjpy-...orex-group.png
we can see in the 4h chart
the pair trading down the 50.0
I see the pair will go to down way to 93.81
stochastic refers that the pair will go down
so our target sell from 94.44 and our target will 60ps
Good luck