Usd/Jpy

Usd/jpy analysis for 07.29.2013 by using pivot indicator.

r3: 100.57
r2: 99.98
r1: 99.14

pivot: 98.55

s1: 97.71
s2: 97.12
s3: 96.28

TODAY'S TECHNICAL LEVELS: Resistance 3: 100.67. Resistance 2: 100.48. Resistance 1: 100.28. Support 1: 100.04. Support 2: 99.85. Support 3: 97.65.

USDJPY on Friday broke through support at 98.60 and returns USDJPY MA into the red zone. We expect further correction potential USDJPY to 97.04 level but rebound chance to test 98.60 resistance is still there.
Consider SELL limit at 98.60 or below the stop level targets at 99.00 and 97.20.

Usd/jpy technical analysis

date : 07.29.2013
time : 04:45 GMT
time frame : 15 min

indicator :

1) RSI (14)
value: 45.85

2) MACD (26,12,9)
value: 0.0609

3) ADX (14)
value: 27.15

4)CCI(14)
value: 37.22

overall trend - slightly bullish.

current market tokyo and sidney, and look if the sellers dominate the market. the daily reference is also seen if the price is trending down sharply, all the directors also indicate pointing down. so making safe transactions is sell. which may limit target price is 150.25

Spoiler:

http://i1345.photobucket.com/albums/...ps6264a4da.png

Our preference: SHORT positions below 98.4 with targets @ 97.5 & 97.2.

Alternative scenario: The upside penetration of 98.4 will call for a rebound towards 99 & 99.35.

Comment: the pair remains capped by a declining trend line.

The following data is predicted based on indicators that we use for NZDUSD currency pair today, for today's resistance levels as follows: RI (99.44) R II (100.03) R III (100.61). and to this day support levels as follows: SI (97.48) S II (97.07) S IIII (96.22)
recommendation:
usd jpy still in a bearish state, for the purpose of this day I think the price I want to achieve suppot I level

USD/JPY pair is now bearish power. The price already breakout daily pivot point (98.539) and touched lower trend line. I think the price may touch daily support 1 level (97.685).

http://i1311.photobucket.com/albums/...ps3d39dd68.jpg

From the southern reduction pair failed to stop the slide or 200 or horizontal support 98.49, the course continues to follow the trend of strong south again and now is testing the 97.70-week low and break of which will be a signal to sell, this opens the way to 97.00 and 96.60.

USD / JPY is still under heavy selling pressure concentrated in the area of moving an alligator (the role of earning their trend lines), a signal to sell due to speak breakthrough 2 lower fractals - Support 97.67, this opens the way for virtually unimpeded 97.00 and 96.60.