The multi-year high psychological level in forex trading has been tested several times by this pair UJ with no break. we would be waiting for the american core retail sales to see a possible break of long term reversal
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The multi-year high psychological level in forex trading has been tested several times by this pair UJ with no break. we would be waiting for the american core retail sales to see a possible break of long term reversal
Spoiler:
On the hourly chart, price is above the 12 EMA (red) and 72 EMA (blue) indicates the trend is still up
50 RSI line cross above the 50 area, indicates the trend is still up
Recommendation: BUY
Take profitt: 100.84
Stop Loss :98.75
i am looking for sell this pair @ 99.50 to 99.70 range
my stop loss for today @ 100.11
half take profit @ 99.29
and half @ 99.11
So if you look at the older half-time, we can see that the pair has not yet reached a point of maximum growth, while the minimum was made, but I think that the maximum work out after the correction of the pair, while waiting for a hike up to the level of 38% Fibo chance of even a small nedohod and after care for the correction signals to the growth in the pipeline.
jpy has been strengthening against all currency pairs opponent.I am trying to analyze that USDJPY towards oversold zone (r2) at 0.9870, this is just a correction down Sebai the impact of prolonged uptren occurring. please try to see the pictures that I show hopefully can be your consideration to order
The position of the current price is below the 50 EMA on the hourly chart, the momentum is bearish
The position of the current MACD cross the line above the area 0, the momentum is bearish
Trend today: bearish
Target today:97.80
Usd/jpy analysis for 04.12.2013 by using pivot indicator.
r3: 100.84
r2: 100.39
r1: 100.02
pivot: 99.57
s1: 99.20
s2: 98.75
s3: 98.38
USD/JPY intraday: bullish bias above 98.9.
Pivot: 98.9
Our preference: Long positions above 98.9 with targets @ 100 & 100.8 in extension.
Alternative scenario: Below 98.9 look for further downside with 98 & 97.15 as targets.
Comment: the pair is rebounding on its support as the RSI is turning up.
elliott exzgerated impulse wave up 100.21 current up move should continue up to 100.41 support at 99.58 and 99.39 stop loss below 99.21
support and resistance
res2 100.41
res1 100.04
pivot 99.58
sup1 99.21
sup2 98.75
Today anlysis using daily open strategy
buy stop 85.76 tp 85.96 sl 85.16
sell stop 85.36 tp 85.16 sl 85.96