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USD / JPY 99.00 Break Down Deals
USD / JPY last at 98.96, the lowest of the new session and weekly lows at 98.72, breaking below the previous weekly lows NY session after the HSBC China Manufacturing PMI data came in lower than expected at 50.5, when earlier in the 51 , 6. Market reported a large selection of related orders above 100.00, while 'bid to join the sales of' real money ', "
Also reported today, while the Nikkei index printing session lows dropped -0.28%, is a hedge fund FX Concept out of position to buy USD / JPY recently, and looking for level 92 before going higher: "At the summit Reuters , the founder of hedge fund FX Concept says that USD / JPY will fall to 92.00 in the next few months followed by a rally to a 110 in the second half. Global growth concerns will be the catalyst for the decline in the 2nd quarter,
Immediate support for the negative side of the USD / JPY was the lowest in the last session / weekly lows and lows 15 April 98.70, followed by a high of 18 April at 98.50, and the highest 17 April at 98.40. To the upside, immediate resistance seen at yesterday's lows 98.97, followed by the NY session high / previous weekly close at 99.50, and Friday's high at 99.70.
Support: 98.83, 98.79, 98.77
Resistance: 98.95, 98.91, 98.89
Trend: Bearish
Overbought / Oversold: Oversold
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As you can see in the chart that the pair is moving below the Daily support 1 now.
I will sell at this stage with take profit just above the Support 2 at 98.48 and stop loss just above the Support 1 at 98.86
http://charts.mql5.com/1/393/usdjpy-...orex-group.png
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JPY just beautiful, elegant worked retreat from the 99.90 figure, the pair now continues to build a strong southern waves but so far to further reduce the need to overcome the Bears 98.38 support which should finally open the 98.00 figure and in the future, and 97.50.
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Usd/jpy pivot levels by using fibonacci pivot indicator.
r3: 100.29
r2: 99.94
r1: 99.72
pivot : 99.37
s1: 99.02
s2: 98.80
s3: 98.45
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Now the pair went to a very strong support level around 98.50 which runs as a score and moving blue alligator probably will rebound, Stochastic indicates a buy signal, the goal may again become a figure of 100.00 area.
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Usd/Jpy Calculation results Pivot Today
Resistance 2 = 100.37
Resistance 1 = 99.96
Pivot Point = 99.47
Support 1 = 99.06
Support 2 = 98.57
If
Buy = 98.81
Take Profit = 99.71
Stop Loss = 98.08
If
Sell = 100.16
Take Profit = 98.81
Stop Loss = 100.78
Good Luck
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time frame- M30
the price is break the lower support at the 98.95 and move to the second level of the resistance at 98.40. it is try to stable here. if the price is now close above the 98.90 it move to up side and will hit the 99.20
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http://charts.mql5.com/1/395/usdjpy-...orex-group.png
hi
how are you
we can see in the 4h chart
the pair can not close up the broken down trend line
I see the pair will go to down way to 97.85
stochastic refers that the pair will go down
so our target sell from 98.85 and our target will 100pips
Good luck
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USD/JPY INTRADAY: UNDER PRESSURE.
Pivot: 99.4
Most Likely Scenario: Short positions below 99.4 with targets @ 98.5 & 97.95 in extension.
Alternative scenario: Above 99.4 look for further upside with 99.9 & 100.6 as targets.
Comment: the pair remains under pressure and is challenging its support.
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the overall toy ease relic bearish and it present use a bust back above 80.00
to officially amend downside pressures and substantiate change prospects. Below 76.25 negates.
wxwxwxwx:doubt::accute:
