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USD / JPY has broken through 101.00, where the barrier is expected to protect the related option of this level. The exchange rate is at its highest occupied at 101.19 new 4-year, more than 0.70% above Thursday's closing NY.
Due to very strong bullish momentum, best represented by a 14 hour continuous without virtually no lag, market participants hope to soon reach 101.44, the highest monthly April 2009. On the downside, there is support area first recorded at 100.93 / 90 corresponding term double top at 5m lower, followed by about 100.70.
Further down towards 99.70 / 100.00 if the seller can apply enough pressure, "will be seen as a strong buying opportunity, though beware, it is highly unlikely pullback in the yen pair
Support: 100.83, 100.73, 100.57
Resistance: 101.34, 101.24, 101.09
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USD/JPY intraday: further advance.
Pivot: 99.65.
Our preference: LONG positions above 99.65 with 101.6 & 102 in sight.
Alternative scenario: The downside penetration of 99.65 will call for 98.9 & 98.55.
Comment: the pair stands above its new support (former resistance) and should post further advance.
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As you see in my following chart, the pair traded between a high of 100.78 and a low of 98.64 closed at 100.58. Today the pair trades below the resistance line of 101.55.
Downside Scenario: If USDJPY trades below the resistance line of 101.55, a decline to the levels of 100.80, then 100.25 could be seen.
Upside Scenario: If the pair breaks above the resistance line of 101.55, this could push the pair to the levels of 101.95, then 102.35
http://img15.hostingpics.net/pics/608393561.png
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Pivot levels today:
R3: 103.50
R2: 102.15
R1: 101.36
PP: 100.00
S1: 99.21
S2: 97.85
S3: 97.06
Commnet: Price now is above the daily and weekly pivot levels, also it is above the 55 SMA, so more rising is expected.
Forecast: Price may rise to 100.50.
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usdjpy go to up using is trend And supported by index rsi
price:101.67
takeprofit:101.87
stoplps:101.46
http://charts.mql5.com/1/520/usdjpy-...orex-group.png
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the pair trading down the 23.6 I see the pair will go to down way to 100.58 stochastic refers that the pair will go down so our target sell from 101.58 and our target will 100pips
http://charts.mql5.com/1/521/usdjpy-...orex-group.png
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1 Attachment(s)
currency among the opponents jpy, USDJPY currency pair is showing a very strong bullish, because it is the condition of usd currency stronger compared to other currencies, because for now USDJPY has been in resistance at 101.66 price, then you if you have the guts to do the sell order, you can do it
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Hi,,
in the chart 1h we can see the pair will go to down way in the future
i see we can sell and our target will be 126 pips
I expect from this analyze that the price will go to down way
so sell from 101.56 to 100.30
good luck
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http://charts.mql5.com/1/523/usdjpy-...orex-group.png
hi
we can see in the m30 chart
the pair can not close up the broken down trend line
I see the pair will go to down way to 100.59
macd refers that the pair will go down
so our target sell from 101.59 and our target will 100pips
:respect::doubt:
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Levels to watch for:
Resistance. 3 : 101.50.
Resistance. 2 : 101.30.
Resistance. 1 : 101.10.
Support. 1 : 100.86.
Support. 2 : 100.66.
Support. 3 : 100.46.