USD/JPY
(Last Price: 99.78)
BUY, Entry = 99.61, SL = 99.21, TP = 100.01
if wrong then SELL, Entry = 99.21, SL = 99.61, TP = 98.81
Printable View
USD/JPY
(Last Price: 99.78)
BUY, Entry = 99.61, SL = 99.21, TP = 100.01
if wrong then SELL, Entry = 99.21, SL = 99.61, TP = 98.81
We can see in the chart Usd / Jpy that movement to this day is still sideways.
For that we can take a Sell at 99.80 with a target of around 50 pips around 99.10 and stop loss of about 20 pips.
You can see also Resistant, Support, and to this day in the Pivot chart.
today i like to sell this pair @ 99.90
my stop loss of the day @ 100.19
half take profit @ 99.55
half take profit @ 99.24
Pivot levels today:
R3: 102.25
R2: 101.07
R1: 100.48
PP: 99.29
S1: 98.69
S2: 97.50
S3: 96.97
Comment: Price now is above the daily and weekly pivot levels, but also there is a strong resistance @ 100.07 and a double top pattern formation @ 4H time frame.
Forecast: Price may fall to 98.51 and then rise again.
JPY approached the horizontal resistance level of 99.90 (district annual maximum), took the side of education as a sign of consolidation, sales, if you also take into account the strong northerly growth is likely to happen profit that should lead to the beginning of corrective decline, profit at 98.50.
new signal
usd jpy
From 06:55 22-Apr-2013 GMT
Till 10:55 22-Apr-2013 GMT
Buy
Buy at 99.73
Take profit* at 100.18
Stop loss at 99.48
Calculation results Pivot Today
Resistance 2 = 100.42
Resistance 1 = 99.61
Pivot Point = 98.85
Support 1 = 98.04
Support 2 = 97.28
see USDJPY market movements in H1 timeframe seemed still dominant for rising (bullish). when we look for closure last week and yesterday was still strong to bullish. be estimated when only resistant to penetrate above there will be forwarding to the upward movement.
https://lh6.googleusercontent.com/-U...5BUNSET%5D.png
On the daily chart is clearly seen that the pair went to the upper zone of strong fractal 99.90, while the situation is not clear, the line on the south to go any did not want to, so long as I remain pending or breakthrough 100.00 mark, then I will buy from 101.00 to, or at the beginning of the reduction and refinement stochastics sell signal-target 99.00.
I think Usd/ jpy will fall today it will hit 99.00 and then 98.00 because from last 2 weeks its still stuck at the peak point , It normally moves when eur/jpy moves . usd jpy is a good currency because its spread is just 2 pips
Spoiler: