Usd/Jpy

Usd/jpy analysis for 05.08.2013 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

bearish mode indication are given by Accumulated Oscilator (AO) Gator Oscilators but Relative Vigor Index (RVI) is still indicating uptrend mode it means pair still have bearish tendency although in sideway movement from level 99.09 then rebullish is appearing since fast stochastic line is intersecting slow line bottom upward near buy border level 20

USD / JPY end the day down 50 points at 98.96. The couple again limited by the upper limit of the formation of 'flag' on the daily chart has formed since the beginning of April. The economic calendar will be light in the coming sessions with no data coming out of Japan. Currently, USD / JPY towards lower during Asian trading, down 14 points at 98.87.

USD / JPY once again tested the 98.75 bid / 80/85/90. There is a stop at the bottom here but mixed with more offers so that each drop should be limited. Offer greater around 98.50, 98.25 and 98.00 in front. Initially offer at 99.20 / 30 then larger in front and around 99.50. "


Support: 98.80, 98.72, 98.66
Resistance: 99.09, 99.01, 98.95

Pair : USDJPY
Updated : Wed, May 08 11:18
price : 98.98
movement : -0.5 Pips
movement : -0.01%

Support : 98.48
Pivot : 99.08
Resistance : 99.68
:(

i am going to sell this pair right now @ 98.96
my stop loss of the day @ 99.17
my half take profit for today @ 98.67
and further half take profit @ 98.53

USD/JPY intraday: caution.

Pivot: 99.10.
Our preference: SHORT positions below 99.1 with 98.6 & 98.4 as next targets.
Alternative scenario: The upside penetration of 99.1 will call for 99.5 & 99.75.
Comment: the pair is challenging its new resistance, caution.

Pivot levels today:
R3: 99.94
R2: 99.68
R1: 99.33
PP: 99.08
S1: 98.72
S2: 98.48
S3: 98.12
Comment: Price now is below the daily pivot level, also it is below the 55 SMA, so more fall is expected.
Forecast: Price may fall to 98.12.

We dont have any well-defined signal,but trend is upward.
Buy from 89.90

movement similar to the USDJPY EURJPY, USDJPY if want to ride then buy stop order should you put on the price of 99.27. and for now USDJPY is still in a state of short-term bearish, as prices are still in the zone then I recommend the seller to remain in sell orders

USD / JPY is still under strong pressure to bear concentrated their forces near the slope of the resistance level, now the pair again almost came close to it, also on the daily chart is working off of divergence MASD, expect a decline in the support area of ​​98.20 (200 MA).