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The pair began work today divergence and a sell signal MACD, while further reducing the rate of holding back horizontal support 99.45 and breakthrough which will be a strong sell signal from opening the door to the nearest support 98.45 (District 200 sliding).
USD/JPY pair is now down trend. The price already breakout daily pivot point (100.021). I think the price may touch daily support 1 level (99.188).
http://i1311.photobucket.com/albums/...psfde762b2.jpg
USD / JPY pair has strengthened steadily below the moving alligator which in turn act as resistance from them and look forward to continuing formation of the descending waves and out to the 99.20 support, starting with only the north with the strengthening of the above 100.00 figure.
Hi,,
in the chart 1h we can see the pair will go to down way in the future
I see the pair will go to 99.06
I expect from this analyze that the price will go to down way
so sell from 100.02 to 99.06
good luck
I still expect a test of 101.00 Before any bearish pressure Because as long as 98.20 is offering support we can continue But if we manage to break above 101.20 then I would start thinking of correction is complete and we must go higher
We must break below 97.50 which would be first signal of bottom has been in placed
regards
http://i1292.photobucket.com/albums/...psc21bf559.png
My analysist for usdjpy today,05 july 2013 using pivot point strategy
daily pivot point 99.89
buy stop 100.09 tp 100.29 sl 99.49
sell stop 99.69 tp 99.49 sl 100.29
happy enjoy trading...
elliott flat correction up 101.25 current rise should end around 100.10 objectives of this down move are 97.62 or 96.05 a rise above 101.02 is again bullish
support resistances
res2 101.02
res1 100.10
piovt 98.53
sup1 97.62
sup2 96.05
Usd/jpy analysis for 07.05.2013 by using pivot indicator.
r3: 100.94
r2: 100.55
r1: 100.28
pivot: 99.89
s1: 99.62
s2: 99.23
s3: 98.96
time frame- H1
price break the resistance at the 100.10 and moving up side. the macd indicator is also giving us up trend signal. the price has a resistance at the 100.80 so its up movement will be continue expected to this target. long this pair with the stop loss at 99.50
good luck
The USD/JPY surged high but gets stalled at resistance 100.80. Although we see a support at 99.78, it would likely get broken after price bounce from the resistance. We then will wait until price retraced to the next support @ 9867 to find a long opportunity.