Strong uptrend has been around in this great forex pair called UJ, but it gets halted below 100 psychological level.Now we need this 100 level to be broken so that uptrend can be seen again in this pair.
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USDJPY currency pair for tonight, are still in a state bullish, the longterm possibility breakhigh USDJPY still able to see the currency pair such that gj ej bullish or higher than uj, in the short term USDJPY at night is likely to want to try to go price of 99.75, after the reversal back down
time frame- M30
the macd indicator is making higher to low but the price is break the resistance at the 99.20 and making lower to hig. we can short the pair if the price close below the 99.15 with the target at 98.30 and stop loss at the 99.50
good luck
USD/JPY intraday: the upside prevails. BULLISH Trend.
Pivot: 98.8
My Choice: Long trades above 98.8 with targets @ 99.5 & 99.75 in extension
Alternate conditions: Under 98.8 take a look for further down side with 98.4 & 98.1 as targets.
Remark: the pair stays on the up side and is getting close to its resistance.
http://dl.dropbox.com/u/51561036/scr...506-211020.jpg
Usd/jpy pivot levels by using fibonacci pivot indicator.
r3: 100.15
r2: 99.60
r1: 99.27
pivot : 98.72
s1: 98.18
s2: 97.84
s3: 97.30
Here USD/JPY is the buyers choice till its resistance 100.00, I think markets are awaiting for the break of 100.00, If it could break in this week then it could try to break 110.64 level but before that it could test the support area 97.02. I am long with this pair above 98.00.
I race usd / jpy will remain above .. due to the economic situation in the country is still unstable ... America is likely to penetrate the top level. if prices break through the 100.00 level in make sure the price will keep going up
Pair : USDJPY
Updated : Mon, May 06 21:07
price : 99.27
movement : 28.4 Pips
movement : 0.29%
Support : 97.33
Pivot : 98.71
Resistance : 100.08
;)
http://charts.mql5.com/1/485/usdjpy-...orex-group.png
hi
how are you
we can see in the 1w chart
the pair trading down the 23.6
I see the pair will go to down way to 94.19
stochastic refers that the pair will go down
so our target sell from 99.34 and our target will 500pips
Good luck
see USDJPY market movements in H1 timeframe seems still strong to bullish / move up. but of course we are careful because a lot of resistant facing when we buy transaction. USDJPY is likely to touch 100% Fibonacci point
https://lh3.googleusercontent.com/-k...5BUNSET%5D.png