Usd/Jpy

usd/jpy technical analysis on 17.05.2013 based on : average directional movement index

adx : 24.2007
+di : 23.4359
-di : 11.8311

time : 1700
timeframe : 1 hour

Usd/jpy analysis for 05.17.13 by using pivot indicator.

r3: 103.52
r2: 103.09
r1: 102.68

pivot: 102.25

s1: 101.84
s2: 101.41
s3: 101.00

see USDJPY pair market movements in H1 timeframe trend seems still moving up, but for forwarding confirmation will rise will depend whether later break resistant. when that happens is it will retrace support break before forwarding.

https://lh5.googleusercontent.com/-Q...5BUNSET%5D.png

i am going to short this pair @ 103.00 right now
my stop loss of the day @ 103.33
my take profit of the day @ 102.66
and half @ 102.36

I see the pair will go to up way to 103.89
stochastic refers that the pair will go up
so our target buy from 102.89 and our target will 100pips
Good luck

:good::doubt:

Japanese Yen has returned downside against the greenback on Friday, winding around the middle to the top of 102.00 and Thursday around 102.65 / 70.

In terms of data, the relevant booking engine in the Japanese economy expanded at an annualized pace of 2.4% in March, leaving a pronounced decline 11.3% in February. According G.Yu and G.Berry, strategist at UBS, on the outlook for the pair remains bullish, adding, "With a larger bull trend in place, the main focus of the next resistance is at 105.60. Support at 101.26 ".

At this time, the pair is up 0.24% at 102.52 with next resistance at 102.68 (May 16 high) in front of 102.77 (high May 15, 2013) and finally 103.00 (psychological level).
On the other hand, break of 102.08 (May 17 low) would expose 101.83 (May 16 low) and then 101.56 (38.2% from 96.99 to 102.77).

Support: 102.48, 102.36, 102.27
Resistance: 102.90, 102.78, 102.69

Hi,,,, :peace:

in the chart 1h we can see the pair will go to down way in the future
I see the pair will go to 102.17
I expect from this analyze that the price will go to down way
so sell from 103.14 to 102.17
good luck

the pair will go up to fibo
I see the pair will go to up way to 104.22
so our target buy from 103.22 and our target will 100pips

:good::respect:

I see the pair will go to up way to 104.22 macd refers that the pair will go up so our target buy from 103.22 and our target will 100pips
Good luck

Is distinctive in the dealings of the past two weeks
A major shift from 98 to 103 by 500 points in less than two weeks
I expect to see him in the 105