Usd/Jpy

USD/JPY intraday: the upside prevails.

Pivot: 98.8
Our preference: Long positions above 98.8 with targets @ 99.5 & 99.75 in extension.
Alternative scenario: Below 98.8 look for further downside with 98.4 & 98.1 as targets.
Comment: the pair remains on the upside and is approaching its resistance.

As you see in my following attached chart, the pair traded between a high of 99.26 and a low of 97.89 closed at 99.03. Today the pair trades below the resistance line of 99.95.
Downside Scenario: If USDJPY trades below the resistance line of 99.95, a decline to the levels of 98.90, then 98.40 could be seen.
Upside Scenario: If the pair breaks above the resistance line of 99.95, this could push the pair to the levels of 100.40, then 100.80
http://img11.hostingpics.net/pics/647882781.png

The US dollar managed to take a step higher against the yen on Monday, still benefitting from the strong NFP report, but failed to break above the 99.45 zone and pulled back.However, the USD/JPY setback found support at the 20-hour SMA around 99.14 during the NY session, leaving the pair directionless within a narrow range.On the upside, if USD/JPY manages to break above 99.45, next resistances are seen at 99.55 (Apr 25 high) and 99.75 (Apr 24 high). On the other hand, supports could be found at 99.04 (daily low) and 98.55 (20-day SMA).

http://charts.mql5.com/1/486/usdjpy-...ex-group-2.png


we can see in the 4h chart

the pair trading down the 38.2

I see the pair will go to down way to 98.31

rsi refers that the pair will go down

so our target sell from 99.37 and our target will 105pips

http://charts.mql5.com/1/487/usdjpy-...orex-group.png


we can see in the 1h chart
the pair trading down the 38.2
I see the pair will go to down way to 98.53
rsi refers that the pair will go down
so our target sell from 99.35 and our target will 82pips
Good luck
:good::respect::peace::yahoo::)))

elliott common flat correction up 99.76 current rise should end around 99.56 objective of this ownmove are 98.19 or 97.36 arise above 100.10 is agian

USDJPY,H1
Date 2013.05.07
Time 04:00

Spoiler:

http://charts.mql5.com/1/488/usdjpy-...ex-group-2.png

Open 99.18
High 99.18
Low 98.82
Close 98.88
Volume 220
SMA(5) 99.22
SMA(10) 99.29
SMA(20) 99.29
SMA(50) 98.92
SMA(100) 98.19
SAR 99.43

Indicator window 1
Stoch(5,3,3) 19.4175
Signal 32.1304

Indicator window 2
RSI(14) 36.6220

Indicator window 3
MACD(12,26,9) 0.067
Signal 0.137

Indicator window 4
%R(14) -90.1639

based on combination of indicators above,
trend : BEARISH

Usd/jpy analysis for 05.07.2013 by using pivot indicator.

r3: 99.87
r2: 99.66
r1: 99.48

pivot: 99.27

s1: 99.09
s2: 98.88
s3: 98.70

Relative Vigor Index (RVI) is still indicating bullish mode but Gator Oscillator and Accumulated Oscillator are negative value as bearish indication it means pair is still in neutral mode but tends to bearish from level 98.90, then in stochastic line both fast line and slow line are near neutral level 50 and are still not crossing each other as sideway movement

Pair : USDJPY
Updated : Tue, May 07 11:13
price : 99.02
movement : -28.9 Pips
movement : -0.29%

Support : 98.87
Pivot : 99.27
Resistance : 99.67
:yahoo: