Usd/Jpy

elliott crucial reversal point 101.51 while below 98.69 - 100.73 it is more likely to fall futer towards 93.35 or 89.27
support and resistances
res2 104.03
res1 100.73
pivot 96.65
sup1 93.53
sup2 89.27

The Major Trend of USD JPY are on Strong Bullish, Maybe it will hit 120.xx, as long as the pair are traded above the pivot, it was good sign for long. Based MA480 this pair still do not show any sign to get reversal.
SNR on this pair :
R3 : 104.00
R2 : 103.50
R1 : 101.36
Pivot on 100.10
S1 : 99.30
S2 : 98.50
S3 : 97.04
May next target are on R2 or R3. so my suggestion are set Buy Stop at 102.16 with SL @ 101.86

the pair can not close up the broken down trend line I see the pair will go to down way to 100.83 so our target sell from 101.83 and our target will 100pips



http://charts.mql5.com/1/533/usdjpy-...orex-group.png

USDJPY,H1
Date 2013.05.13
Time 03:00

Spoiler:

http://charts.mql5.com/1/533/usdjpy-...ex-group-3.png

Open 101.94
High 101.96
Low 101.78
Close 101.87
Volume 152
SMA(5) 101.80
SMA(10) 101.70
SMA(20) 101.55
SMA(50) 100.40
SMA(100) 99.70
SAR 101.50

Indicator window 1
Stoch(5,3,3) 67.0732
Signal 70.5512

Indicator window 2
RSI(14) 71.6400

Indicator window 3
MACD(12,26,9) 0.373
Signal 0.415

Indicator window 4
%R(14) -35.0649

based on combination of indicators above,
trend : BULLISH

Pair become very strong bullish when both of Accumulated Oscilator (AO), Relative Vigor Index (RVI) and Gator Oscilators are similar and reach positive value as indication this pair in uptrend mode, so pair will increase from 101.88 then two shooting stars and one bullish hammer are becoming strong power for this pair to make flat movement below high level

Pivot levels today:
R3: 103.81
R2: 102.90
R1: 102.37
PP: 101.45
S1: 100.91
S2: 100.00
S3: 99.48
Comment: Price now is above the daily and weekly pivot levels, also it is above the 55 SMA, so more rising is expcted.
Forecast: Price may rise to 102.90.

Usd/jpy pivot levels by using fibonacci pivot indicator.

r3: 102.85
r2: 102.29
r1: 101.94

pivot : 101.39

s1: 100.83
s2: 100.48
s3: 99.92

Breakthrough USD / JPY through 100.00 psychological level and range of level 101's historically to strengthen the case for a larger increase in the pair,

"We expect relatively little pullback from current levels in the top 101's, and a continuation of the upward trend. Swing above the rate may not be as fast as earlier in the year, but we expect to be persistent. "


Support: 101.86, 101.81, 101.78
Resistance: 102.01, 101.96, 101.93

My current position in USDJPY is buying at 101.6 and the target is 101.80-101.9-102.000.
As USD has strong positive job less report also the USA economy will be strong for short term against other major currencies.

USD/JPY intraday: further advance.

Pivot: 100.95.
Our preference: LONG positions above 100.95 with 102 & 102.35 as next targets.
Alternative scenario: The downside breakout of 100.95 will open the way to 100.4 & 99.65.
Comment: the pair stands above its support and is challenging its previous high.