Usd/Jpy

the pair can close up the up trend line i see the pair will go to up way to 103.34
so our target buy from 102.34 and our target will 100pips

:good::respect:

the pair can not close up the broken down trend line I see the pair will go to down way to 101.27 stochastic refers that the pair will go down so our target sell from 102.27 and our target will 100pips


:good::respect:

USDJPY,H1
Date 2013.05.16
Time 01:00

Spoiler:

http://charts.mql5.com/1/561/usdjpy-...ex-group-3.png

Open 102.25
High 102.28
Low 102.16
Close 102.24
Volume 69
SMA(5) 102.27
SMA(10) 102.30
SMA(20) 102.36
SMA(50) 102.05
SMA(100) 101.77
SAR 102.62

Indicator window 1
Stoch(5,3,3) 32.4786
Signal 34.9869

Indicator window 2
RSI(14) 49.1435

Indicator window 3
MACD(12,26,9) 0.044
Signal 0.094

Indicator window 4
%R(14) -56.6667

based on combination of indicators above,
trend : NEUTRAL

we can see in the 4h chart
the pair trading down the 23.6
I see the pair will go to down way to 101.25
stochastic refers that the pair will go down
so our target sell from 102.05 and our target will 80pips

http://charts.mql5.com/1/561/usdjpy-...orex-group.png

elliott irregular flat correction up 102.99 it should trade higher to 102.80 while 102.03 or 101,83 offers suport stop loss below 101.63
support and resistances
res2 103.20
res1 102.43
pivot 102.03
sup1 101.63
sup2 100.86

Pivot levels today:
R3: 103.62
R2: 103.19
R1: 102.71
PP: 102.28
S1: 101.80
S2: 101.37
S3: 100.87
Comment: Price now is below the daily pivot level, but it is above the 55 SMA, so no clear signal now.
Forecast: By breaking 102.90 level, this may open the way to more rising to 103.19.

The USD JPY still on bullish condition, the regulation from Japan Government which says cut some bank terms are support this condition. the price maybe will still to continoue the bullish trend. As the price are play above the pivot level. We can set some buy stop level above the pivot line.
Today SNR :
R3 :103.75
R2 :103.27
R1 :102.60
Pivot level : 102.35
S1 :101.76
S2 :101.47
S3 :100.75

USD/JPY technical analysis for 16.05.2013 by using : Indicator RSI (14)

If this currency pair made ​​it through resistance at 102.60 level will likely potential targets towards next resistance levels of 102.86 and 102.95 furthest ranges - 103.39. And if otherwise made ​​it through support at 101.84 would likely potential targets towards next support level at 101.67 and 101.22 furthest range - 100.66.

Indicator RSI (14), leads to the bottom line indicates the potential direction of movement down.

Movement range:
Short: 101.80 - 102.65
Normal: 101.15 - 103.00
Width: 100.60 - 103.45

Market Trends:
Short-Term: Consolidation
Medium Term: Bullish
Long-Term: Bearish

because of not all of indicators show strong trend but only Accumulated Oscilator (AO), Relative Vigor Index (RVI) and which show positive value as uptrend movement but Gator Oscilators is still negative as bearish indication so pair become sideway mode but tends to bullish from level 102.34 then engulfing bullish and bullish hammer candles are driving this pair to bulllish from here

today i like to sell this pair @ 102.40 to 102.50 range
my stop loss of the day @ 102.67
half take profit @ 102.17
and half @ 102.04