Usd/Jpy

Usd/jpy analysis for 07.02.2013 by using pivot indicator.

r3: 100.613
r2: 100.229
r1: 99.937

pivot: 99.553

s1: 99.261
s2: 98.877
s3: 98.585

elliott flat correction up 101.25 it should trade higher to above 102.01 while 96.49 - 95.08 offers support stop loss below 90 .97
support and resisrances
res2 104.83
res1 102.01
piovt 97.90
\sup1 95.08
sup2 90.97

today 2 july 2013 short forecast for usd/jpy
since yesterday prime news said that japan yen has been slightly advanced caused by sentiment survey.
then we can see start from chart M30, H1, and H4 this pair has moving out from the uptrend line and will go down.
maybe today this pair will go down 100 pips to 98.55
we can set sell entry with stop loss at 99.90
good luck...

time frame- H1
the parabolic sar indicator is giving us short signal and the macd indicator is making lower bar. in the price chart price is not able to break the support and today pivot point at the 99.56 and moving in the sideway. we can short this pair if the price break the 99.50 level with the take profit at 99.00
good luck

Our preference: LONG positions @ 99.2 with 100 & 100.4 in sight.
Alternative scenario: The downside breakout of 99.1 will open the way to 98.55 & 98.05.

A pair of usd / jpy is trading in a narrow price range of 99.50-99.90, while the bulls can not afford to take a strong psychological level of 100.00 and so the first ochere I consider southern corrective bounce, sell signal should act breakthrough that 99.50 and 98.75 will open. The pivot for the purchase and above 100.10.

I continue to hold a long position in jpy, while reducing the rate of saving sliding alligator that perfectly fulfill the role of the trend lines, another purchase plan to open at the break of the upper two fractals 99.95, stop (and a possible coup for sale) is below 99.45.

the pair high 99.88
pair has opened in Europe testing and matching previous days high 99.88
yesterday the pair rallied from 99.35 to 99.70

60min CHART· Intraday
Upwards Weak·Neutral
The TP2 was almost reached and the market is at risk of correcting lower. We moved the stop loss at the new Lock in
Profits level (96.80). Provided the market conditions will remain the same the TP2 will be reached soon.
http://dl.dropbox.com/u/51561036/scr...702-230919.jpg

a pair of usdjpy on the hourly chart approach to resistance 100.00, as I wrote it will not be easy to break and can be rolled back even a little but I think by the end of the week will close up, right now, waiting to fall to levels of 99.40 and then 98.80, after which will increase the price breaks the goal of 100..