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it is the best currency to trade and the fluctuation on the graph is mare than any other currency .this is a currency ehich have heavy fluctuation in market and you are also trade in jyp usd but trade with sure short trade it will give you that much you have never before.
Usd/jpy analysis for 07.12.2013 by using pivot indicator.
r3: 101.407
r2: 100.640
r1: 99.795
pivot: 99.028
s1: 98.183
s2: 97.416
s3: 96.571
My analysist for usdjpy today,12 july 2013 using open price market at 00.00 broker time strategy
daily open 98.94
buy stop 99.14 tp 99.34 sl 98.54
sell stop 98.74 tp 98.54 sl 99.34
happy enjoy trading...
As you see in my following chart, the pair traded between a high of 99.91 and a low of 98.26 closed at 98.26. Today the pair trades below the resistance line of 99.80.
Downside Scenario: USD JPY could decline into the levels of 98.50, then 98.00, if the resistance line of 99.80 holds.
Upside Scenario: upside penetration of the resistance line of 99.80, could help the pair to see the levels of 100.30, then 100.80
[IMG]4.bp.blogspot.com/-5-PEa1-GSEY/Ud-qAvSpAuI/AAAAAAAAJEw/GMV2JknQO54/s1600/jpy.jpg[/IMG]
USD/JPY pair is now up trend. The price already breakout daily pivot point (98.960) and touched upper trend line. I think the price may touch Fibo 50.0 level.
http://i1311.photobucket.com/albums/...pse90e758d.jpg
USD/JPY intraday: BEARISH trend, resistance @t 99.55. the pair continues to be downtrend.
Pivot@ 99.55
My choice: Open SELL positions beneath 99.55 with targets at 98.2 and 97.6 in extension.
Alternate choice conditions: On top of 99.55 take a look for further up-side with 100 & 100.45 as targets.
http://dl.dropbox.com/u/51561036/scr...712-173735.jpg
The USDJPY pair on still down. today - we can pay attention to the intraday low level at price 98.26.
take sell is better after 98.26 can be break by next seller.
Today the pair managed to break through the upper bound estimate of rectangular converging triangle, like the bulls were stronger on 4-hour chart shows MACD buy signal + took a rebound from a sliding 200 (98.58 point touch), the northern end of the waves can be expected in the area of 100.00, 101.30.
\\\\\\USD / JPY now provides an excellent entry point to buy the pair again tested the strength of the medium level and sloping away went to the northern lights out, Stochastic and RSI are in the lower zones and on the 4 hour chart, they showed a buy signal today to 100.00 psychological mark must be reached.\\\\\
elliott elongated flat correction down 98.13 it may meet resistances in 99.03 - 99.43 zone for a drift down to below 98.16 zone
support and resistances
res2 100.70
res1 99.83
piovt 99.03
sup1 98.16
sup2 97.37