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Technical Analysis – Prices continue to consolidate in a large Triangle chart pattern carved out since late February. The pair is attempting to building higher from support at 97.28, the 50% Fibonacci retracement, with the bulls aiming to challenge the 38.2% level at 98.80. A break above that on a daily closing basis would complete the Triangle and open the door bullish trend resumption, initially exposing the 23.6% Fib at 100.69. Alternatively, reversal below support eyes the 61.8% retracement at 95.76.
http://media.dailyfx.com/illustratio..._Picture_4.png
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The pair slowly but surely coming to the strong resistance zone consisting of 200 sliding-long trend line and horizontal resistance 98.66, given the strong growth in the last few days, I do not think that 98.66 bulls have the strength to break through on the first try of the mark-forward corrective decline in the Southern District 98.00-97.60.
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Hi,,
in the chart 4h we can see the pair will go to up way in the future
I see the pair will go to 99.57
I expect from this analyze that the price will go to up way
so buy from 98.57 to 99.57
good luck
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USD/JPY pair is now strongly bullish power. The price already breakout daily resistance 2 level (98.462). I think the price may touch daily resistance 3 level (98.942).
http://i1311.photobucket.com/albums/...ps4b5cd407.jpg
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Personally, I'm waiting on a couple of southern exactly the scenario cost analysis 4 hours chart, there is a noticeable that the pair came close to the long-term trend line, the point of contact of 98.80, the course has already stopped growing and seems to reduce the planned southern, Stochastic is in the upper zone, the purpose for today should be the 98.00 figure.
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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 (98.22) R II (98.51) R III (98.98). and to this day support levels as follows: SI (97.06) S II (96.71) S IIII (96.33)
recommendation:
place your sell limit order in R III ( 98.98 )
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usd/jpy technical analysis by using : average directional movement index wilder(14) & average directional movement index(14) on 22.08.13
timeframe : 1 hour
time : 1400
market trend : up
adx wilder(14) level
style : 44.78
+di : 39.80
-di : 9.38
adx(14) level
adx : 44.74
+di : 32.96
-di : 12.83
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http://im40.gulfup.com/NJgKQ.jpg
If break the level, it moves to the level of being prepared, and vice versa .. !
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As you see in my following chart, the pair traded between a high of 97.97 and a low of 97.12 closed at 97.67. Today the pair trades below the resistance line of 98.35.
Downside Scenario: USDJPY could decline into the levels of 97.65, then 97.00, if the resistance line of 98.35 holds.
Upside Scenario: upside penetration of the resistance line of 98.35, could help the pair to see the levels of 98.75, then 99.20
http://1.bp.blogspot.com/-YI7kx8n5XO.../s1600/jpy.jpg
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The USD/JPY In line 4H There are two consecutive summits
every top of the low of her next summit is
an indication of the low is uncertain,
and I expect his arrival to the support line at
the point of 98.74 and buying at this point