today i like to sell this pair half @ 99.35 and half @ 99.67
my stop loss of the day @ 99.88
my half take profit @ 99.13
and half @ 98.77
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today i like to sell this pair half @ 99.35 and half @ 99.67
my stop loss of the day @ 99.88
my half take profit @ 99.13
and half @ 98.77
USDJPY is testing 99.94 resistance, a break above this level will indicate that the uptrend from 77.14 (Sep 13, 2012 low) has resumed, then further rise towards 105.00 could be seen. On the other side, as long as 99.94 resistance holds, lengthier sideways movement could be expected to continue, and one more fall to 96.50 area is still possible.
according to my knowledge if you want to trade in jpy you should prefer to sell right now jpy @ 99.125 if you sell at market your stop will be @ 102.50 and profit taking will be at 94.20
Pivot levels today:
R3: 99.88
R2: 99.66
R1: 99.49
PP: 99.27
S1: 99.09
S2: 98.89
S3: 98.70
Comment: Price now is below the daily pivot level, but it is above the 55 SMA, so no clear signal now.
Forecast: By breaking 98.89 level, price may fall to 98.47.
USD/JPY intraday: rebound.
Pivot: 98.80.
Our preference: LONG positions above 98.8 with targets @ 99.5 & 99.75.
Alternative scenario: The downside breakout of 98.8 will open the way to 98.4 & 98.1.
Comment: the pair is rebounding on its support as the RSI is reversing up from its oversold area.
Usd/jpy pivot levels by using fibonacci pivot indicator.
r3: 99.71
r2: 99.54
r1: 99.44
pivot : 99.28
s1: 99.12
s2: 99.02
s3: 98.86
As you see in my following attached chart, the pair traded between a high of 99.44 and a low of 99.05 closed at 99.32. 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 98.70, 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://img15.hostingpics.net/pics/161640jpy.jpg
http://charts.mql5.com/1/491/usdjpy-...orex-group.png
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 dow
so our target sell from 99.12 and our target will 500pips
Good luck
:respect::peace::happy::doubt:
I think all time low record is around 76, not around 78.88. Anyways i was think it gonna go up when it was around 80 and now it touch 80.35, i think we can see around 80.70 in coming days hhh ;)
for all currency pairs are paired with jpy I think all in sideway condition. so, for USDJPY is now based on signals from the indicators that I use then you should do a stop buy order at price of 99.47 and a sell stop at 99.07 price, I prefer to take profit 20 pips accustomed to using only