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USD/JPY technical analysis for 14.05.2013 by using : Indicator RSI (14)
If this currency pair made it through resistance at 102.03 level will likely potential targets towards next resistance levels of 102.29 and 102.55 furthest ranges - 102.95. And if otherwise made it through support at 101.47 would likely potential targets towards next support level at 101.24 and 100.69 furthest range - 99.93/87.
Indicator RSI (14), leads to the bottom line indicates the potential direction of movement go down.
Movement range:
Short: 101.40 - 102.10
Normal: 100.65 - 102.60
Width: 99.80 - 103.00
Market Trends:
Short-Term: Consolidation
Medium Term: Bullish
Long-Term: Bearish
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usd/jpy market analysis by using : average directional movement index
adx : 29.1922
+di : 13.7637
-di : 24.1003
timeframe : h1
time : 0800
date : 14.05.2013
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Pair : USDJPY
Updated : Tue, May 14 13:50
price : 101.42
movement : -39.7 Pips
movement : -0.39%
Support : 101.20
Pivot : 101.83
Resistance : 102.46
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It seems a little remedial course completed the stage and began again to resume the northern trend repulsed from 101.30 support began to form a northern wave, a buy signal should be the breakdown of short-term resistance and 101.60 which will open the way to a local maximum of 102.15.
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short positions in the USDJPY stands at a massive 8.03 as nearly 90% of traders are long.
It seems increasingly likely that the US Dollar will continue to test record-lows against
the Japanese Yen amidst such one-sided crowd sentiment.
hahahaha;)
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USD/JPY intraday: the bias remains bullish.
Pivot: 100.95
Our preference: Long positions above 100.95 with targets @ 102 & 102.35 in extension.
Alternative scenario: Below 100.95 look for further downside with 100.4 & 99.65 as targets.
Comment: the pair remains on the upside and is approaching its resistance.
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I think that at USD/JPY is very important range 97 - 103. I read some rumours about very big player bet at this range. It give me sence, because now seems for me USD/JPY overbought at all charts, so there could be retest of 100.
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http://charts.mql5.com/1/548/usdjpy-...orex-group.png
we can see in the 1h chart
the pair can close up the up trend line
i see the pair will go to up way to 102.80
rsi refers that the pair will go up
so our target buy from 101.80 and our target will 100pips
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USD / JPY has oscillated furiously, despite continuously doing negative, pointing down on Tuesday. In the last few minutes, the couple had 10 points turung again, although still operating above the intraday low at 101.26. At this time, the pair cling in negative territory at 101.40 / 44, engaging in choppy trade during the European session.
"Negative Bias USD / JPY on the basis of four hours even though the overall trend of increase as shown in the graph, which shows the possible downside correction before extending generally positive. With stability under linear regression indicator and bearish bias on momentum indicators, trading below 102.15 applies keep the possibility of a downside move today. "
The pair declined at a rate of -0.42% stronger left opening. means of support at 101.19, followed by 100.93, and finally 100.51. If this pair rally, a break above 101.87 resistance will start shorter term for USD / JPY at 102.29, to 102.55.
Support: 101.31, 101.25, 101.14
Resistance: 101.66, 101.60, 101.49
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hmm that is very good thread usd jpy pair it is increasing from last week because usd jobless claim data is very strong in previous month and at this time usd and jpy pair value is 101.75 . but yesterday market was at 102.00 then today is 101.75 because usd is very strong so that's why market is very volatile because i think in this time we must wait for opening trade but be careful when you open position ok
