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Pivot levels today:
R3: 100.91
R2: 100.35
R1: 99.35
PP: 98.81
S1: 97.79
S2: 97.25
S3: 96.26
Comment: Price now is below daily pivot and weekly pivot, also the weekly candle is shooting star, this means, inverting in direction of the trend.
Forecast: Price may fall to 95.81, but if it bounces and stay at 99.23, this means rising again to 101.35.
Spoiler:
On the hourly chart, the price is below the 12 EMA (red) and 72 EMA (blue) indicates the trend is still down
50 RSI cross the line below area 50 ,indicates the trend is still down
Recommendation: SELL
Take profit: 95.99
SL:98.75
Pair with the start of the new trading week began building a new correctional southern wave, now the course met with about 200 moving in markedly following support bulls, consider two scenarios, one - at the break of 97.55 will sell to the objectives of 97.00, 2 - at strengthening above 97.17 will assume that trend north again resumed.
I look at the chart that show in the picture, where the USDJPY currency pair is still in a strong bearish in the short Djangkan analysis, the target currency pairs like USDJPY towards 97.45 price even more, my advice if you want to buy you better wait for the price towards 96.99 buy limit order or at the price of 98.95 for a buy stop order
today i like to buy this pair @ 97.23 (if possible)
my stop loss of the day @ 96.93
half take profit @ 97.44
and half @ 97.63
Pair perfectly fulfilled sell signal and below the moving steadily strengthened alligator much that the green moving acts as oblique resistance level above which the couple is not allowed, reduce think will last at least to the marks 97.10, 96.50, in the breakout zones of lower selling more fractals 97.60.
Usd/jpy pivot levels for today by using : fibonacci pivot indicator.
r3: 100.49
r2: 99.83
r1: 99.42
pivot : 98.76
s1: 98.09
s2: 97.68
s3: 97.02
http://charts.mql5.com/1/335/usdjpy-...orex-group.png
we can see in the 1d chart
the pair trading down the 23.6
I see the pair will go to down way to 95.00
stochastic refers that the pair will go down
so our target sell from 98.13 and our target will 300pips
Good luck
USD/JPY intraday: the downside prevails.
Pivot: 98.7
Our preference: Short positions below 98.7 with targets @ 97.5 & 97.15 in extension.
Alternative scenario: Above 98.7 look for further upside with 99.45 & 100 as targets.
Comment: the pair remains on the downside and is challenging its support.
Here is my daily analysis for 16 april, using simple method, based open price
buy stop 96.80 tp 97.00 sl 96.20
sell stop 96.40 tp 96.20 sl 97.00
happy enjoy trading!!!