Usd/Jpy

After a week positive movement in USDJPY today morning it seen some selling pressure but it is suggested to buy from each dip in this currency pair , one can stay long above 102.6 for a target of 103.2 then next target is 103.7

usd/jpy market analysis on 20.05.2013 by using : average directional movement index

adx : 33.8895
+di : 14.7035
-di : 28.3243

timeframe : 1 hour
time : 1200

USD/JPY intraday: BEARISH Trend, consolidation in place.
Pivot@ 102.9
My choice: Trade SELL under 102.9 with targets @ 102.2 & 101.85 in extension.
Alternate choice conditions: Over 102.9 take a look for further up-side with 103.3 & 103.7 as targets.
Opinion: as long as the resistance at 102.9 is not brokein into, the threat of the break beneath 102.2 is always high.
http://dl.dropbox.com/u/51561036/scr...520-192540.jpg

---------- Post added at 07:47 PM ---------- Previous post was at 07:26 PM ----------

the pair below103.00
The JPY’s weakness of late has been attributed to broad dollar strength and an economy calling for an end to their deflationary woes,
with ministers manipulating the strength to the currency and the G7 allowing it.

USD/JPY Technical analysis for 20.05.2013 by using : Indicators Moving Average

If this currency pair made ​​it through resistance at 103.39 level will likely potential targets towards next resistance levels of 103.60 and 103.78 furthest ranges - 104.28. And if otherwise made ​​it through support at 102.77 would likely potential targets towards next support level at 102.50 and 102.27 furthest range - 101.82.

Indicators Moving Average period of 9 and 21, the second cut line and pointing upwards to indicate the direction of the potential to rise.

Movement range:
Short: 102.70 - 103.45
Normal: 102.20 - 103.85
Width: 101.75 - 104.35

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

we can see in the 1d chart
I see the pair will go to down way to 99.05
rsi refers that the pair will go down
so our target sell from 102.39 and our target will 330pips


:good::respect:

USD / JPY is still the situation is not defined pair came close to two strong oblique-horizontal support level 102.45 and medium sloping level, primarily expected of them and hang out to 103.24 but break of 102.30 will be inclined level completely overturn the sale.

http://charts.mql5.com/1/596/usdjpy-...orex-group.png


I see the pair will go to down way to 100.97
stochastic refers that the pair will go down
so our target sell from 102.50 and our target will 150pips

USD/JPY has formed an excellent deal for the purchase, the course is consolidating around inclined term support (a sign of active purchases), stochastic formed a buy signal, the first target will be located about local maximum 103.28.
http://storage6.static.itmages.ru/i/...b11307b88d.png

I see the pair will go to down way to 101.48
stochastic refers that the pair will go down
so our target sell from 102.48 and our target will 100pips