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elliott elongated flat correction up 97.59 it shoulld be subject to more sell off towards 96.24 or 95.58 corrective up ward swing should face resistance around 97.85 area abreal of 97.60 is bullish
support and resistances
res2 97.60
res1 97.25
pivot 96.59
sup1 96.24
sup2 95.58
in general, USDJPY is still dominated buyer. because a few days ago, the price moves up. but when tokyo open, prices began to weaken and look down. this makes LSMA pointing down, the current price environment is likely to retrace. then for the short term, most likely the price will go down. and cut loss when LSMA change color to lime. then open buy.
Daily pivot Fibonacci points: Resistance levels: R1: 98.35 R2: 98.70 R3: 99.15 Support levels: S1: 97.22 S2: 96.87 S3: 96.31
Today Signal USD/JPY- 14 August 2013
the greenback ended the session on Tuesday with gains of 1.35%, versus the yen, rallying
sharply to close at six session highs. The pair closed above crucial levels at 98.00; lower
end of the medium term bullish channel and gains could extend to 99.70- 100.00 yen
in the near term. important supports placed at 97.50- 98.00, close below which the
declines could extend to 96.00- 96.26. Buy the pair on dips.
TRADING RECOMMENDATIONS
SHORT:
Hold on to short positions initiated at 98.00 with a stop at 98.40 for a profit target of 97.70
LONG:
At 97.60 with a stop at 97.10 for a profit target of 99.00
At 98.50 with a stop at 97.90 for a profit target of 99.50
usd/jpy technical analysis by using : average directional movement index wilder(14) & average directional movement index(14) on 14.08.13
timeframe : 1 hour
time : 0900
market trand : up
adx wilder(14) level
style : 36.23
+di : 27.22
-di : 17.27
adx(14) level
adx : 28.03
+di : 18.20
-di : 18.93
My daily trading,I hope the day is a success ...
USD/JPY (Daily Trade)
Open : 0.9822
Resistance : 0.9888 0.9908 0.9938
Support : 0.9744 0.9724 0.9694
High / Low : 0.9844 / 0.9788
Range : 56 pips
Running Price : 0.9839
for intraday trade today suggest SELL at the level 0.9839, stop loss at the level 0.9744, target take profit at the level 0.9908 or TP 0.9938
===GOOD LUCK===
The following data is predicted based on indicators that we use for the currency pair USDJPY today, for today's resistance levels as follows: RI (98.95) R II (99.34) R III (100.28). and to this day support levels as follows: SI (96.93) S II (96.28) S IIII (95.74)
recommendation:
place your sell stop at 97.61 target profit at 97.41. (Seller zones)
place your buy stop at 98.01 profit target at 98.21 (buyer zone)
Bulls showed the first signs of weakness, a break-resistance of 98.30 was false and did not find support in the market, now the pair started to decrease and the MACD formed a sell signal today should be expected to reduce the south and break of support at 97.88, this will open the way up to the 97.00 figure .
abeh sa 2.5 ghanta ka bad usd/jpy pair pher sa up ja sakta hai kyoun ka usd ka data aa raha hai USD Producer Price Index (YoY) (Jul) or ho sakta hai ka is week market beh up main hee close hoo boht ziydah chances hain. 97.97 sa pher buying hai or ya aj 98.60 tk high ja sakta hai ana vala 3 ghanton main or agr sell main gaya too 97.80. Take buy lot 97.95 stop lose 97.80 and tp 98.50
After yesterday's strong growth today the pair went into the lateral correction and now tests the sliding alligator (works off a supporting role), also significantly lower than the 97.90 (zone 3 lower fractals) pair is not allowed, there seems to have focused bulls, a buy signal is due to speak breakout of the resistance 98.40 would open 99.00.
Spoiler: