Usd/Jpy

USD/JPY Technical analysis for 28.05.2013

Spoiler:

http://charts.mql5.com/1/654/usdjpy-...orex-group.png

Usd/jpy is still in downtrend and if the price breakout the support level 100.79 , it will go to the next support level 99.76 soon . But if it breakout the resistance level 101.29 , i think it will go to the next resistance level 101.94 today .
temporary bearish is happening after stochastic classical bearish divergence is facing engulfing bullish candle pattern at point level 101.95 which is not strong enough bearish then pair is rebounding after touch 101.70 and reach previous divergence starting point as bullish continuing point from here.

take a look at the chart for all currency pairs are being opposed jpy, because jpy currency weakened against all currencies, for USDJPY currency pair price moves up beyond the zone R III at 101.83 price, there is no choice but to put a sell order for the price already too oversold

usd/jpy technical analysis by using : average directional movement index

adx : 55.2423
+di : 28.9994
-di : 12.2937

date : 28.05.2013
timeframe : 1 hour
time : 1200

Yes you're right because of the earthquake in Japan, Earth falls more points... but now we see much improvement in the 1980s nearby. 16 again and again another all, began again in the price index, by which we tend to expect a little more than the improvement.

USD/JPY got more strength during asian session and pop from 101 to 102. I prefer to close my long positions, because i expect some pullback and big battle in range 100 - 101, where is very good support.
Do you remember how long does it take to break 100 level? The same it should be on testing these levels like support :)

http://storage1.static.itmages.ru/i/...699461bd67.png

According to the pair today are not able to preodalet said earlier level of support and formed a wave of growth in the still of the upward trend, rising by a pair anyway as for me would be limited to a maximum of this year, so expect the formation of a sell signal for entries into the market, buying a pair of as previously not considered.

Yes, I agree with you that when he fell only in history. About twenty years ago, there was added value of three hundred, there is about 10 years, was worth about one hundred and fifty and eighty now maybe after five years, it pays to go to fifty.

we can see in the 1h chart the pair will go to down way to the down trend line
i see the pair will go to down way to stochastic refers that the pair will go down
so our target sell from 102.01 and our target will 100pips


http://charts.mql5.com/1/658/usdjpy-...orex-group.png

Our preference: Long positions above 101.3 with targets @ 102.6 & 103 in extension.

Alternative scenario: Below 101.3 look for further downside with 100.85 & 100.55 as targets.

Comment: the pair remains on the upside and should post further advance

USD/JPY intraday: the bias continues bullish.
Pivot@ 101.3
My choice: Open Long positions over 101.3 with targets @ 102.6 & 103 in extension.
Alternate choice conditions: Beneath 101.3 take a look for further down-side with 100.85 & 100.55 as targets.
Opinion: the pair stays on the upside and ought to post further advance.
http://dl.dropbox.com/u/51561036/scr...528-235310.jpg