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USD/JPY (Daily Trade)
Resistance : 99.00 99.93 100.84
Support : 98.10 97.76 96.35
High / Low : 98.77 / 98.64
Running Price : 98.73
for intraday trade today suggest sell at the level 98.96, stop loss at the level 99.23, target take profit at the level 98.18
usd/jpy technical analysis by using : average directional movement index wilder(14) & average directional movement index(14) on 23.08.13
timeframe : 1 hour
time : 0400
market trend : up
adx wilder(14) level
style : 48.81
+di : 37.66
-di : 8.19
adx(14) level
adx : 46.60
+di : 31.79
-di : 5.52
the H1 time frame charts on currency pairs USD/JPY
such as the support resistance on R3=100.75, R2=99.98, R1=99.18, Pivots=98.38, S1=97.58, S2=96.83, S3=96.07 with today's market position is at point 98.99
then I strongly recomended you to the open position SELL
consideration for stop loss at 99.29 and take profit at 98.69 Good luck all
The following data is predicted based on indicators that we use for the currency pair USDCHF today, for today's resistance levels as follows: RI (99.32) R II (99.64) R III (100.42). and to this day support levels as follows: SI (97.67) S II (97.12) S IIII (96.69)
recommendation:
place your sell stop at 98.18 target profit at 98.98 (Seller zones)
place your buy stop at 98.58 profit target at 98.78 (buyer zone)
Daily pivot Fibonacci points: Resistance levels: R1: 98.82 R2: 99.11 R3: 99.58 Support levels: S1: 97.89 S2: 97.60 S3:97.13
on the opening day, USDJPY is above the BS band. and direction of daily LSMA also up. BS also neat bands like stair climb. then only one option ie buy. to sell at this time is still very dangerous because there is no sign to sell. if prices keep rising it will be towards 99.50. but if the price goes down then the price will go to the daily band BS 98.64
USD/JPY (4 Hours)
Pushed by the strong support around 96.05, the USD has been rising against the JPY above a bullish Fibonacci fan and has crossed just now the resistance level around 98.80, where the rate weakened. Meanwhile, both indicators are trading inside the overbought market zone, why a return towards the support level around 98.09 is more than likely if the bulls fail to keep the market up.
https://fbcdn-sphotos-d-a.akamaihd.n...76994555_n.jpg
Support Levels around 98.09 97.14
Resistance Levels around 98.80 99.79
USD / JPY has made a strong bid for the northern growth, the couple almost effortlessly overcame the strong resistance zone 98.65-98.80 are 200 moving and long-term trend line, now the pair is trying to consolidate above the elevation data, the bulls this breakthrough finally opened his way to the psychological 100.00 figure , south until you consider.
Moving upward The USD/JPY yesterday has broken the 98.22 and 97.63 decisively. We have mentioned these levels previously, about the possibility to go short if price rejected these levels to go back down. Since the price already broke the 98.22 level, we changed our view from bearish to bullish. If we look only at the daily chart , we might get tricked thinking the price will keep going down. Buy if we take a look at the Weekly Chart, the USD/JPY is resuming its bullish movement after got rejected by 96.00 Key support Level. If today's daily bar made a daily closed above the 98.88 level, we might look for a retracement back to the level to find a Long opportunity.
Current Important Levels :
101.50 - 100.41 - 98.88 - 98.22 - 96.00
Beyond the power of resistance was 99.15 for the bulls, forming the top 2 pair began fractal southern corrective decline, worked through a sell signal stochastic and RSI, just took a breakthrough lower fractal 98.80, which was an additional signal of the south-opened with virtually unobstructed path to the area of 98.40 , 98.00.
Spoiler: