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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 : 1200
market trend : up
adx wilder(14) level
style : 48.65
+di : 24.72
-di : 13.06
adx(14) level
adx : 42.73
+di : 16.55
-di : 12.06
on currency pairs USD/JPY I have predicted that there is a signal SELL in the time frame H1
because I was referring to the indicator fibbonaci to see support and resistance at R3=100.77, R2=99.99, R1=99.16, Pivots=98.36, S1=97.56, S2=96.82, S3=96.08
so I suggest to perform the requisite order SELL to
Take Profit 98.67 and Stop Loss 99.27
a target is likely to move by 90 pips
http://charts.mql5.com/2/344/usdjpy-...orex-group.png
we can see in the weekly chart
the pair trading down the 38.2
I see the pair will go to down way to 92.72
stochastic refers that the pair will go down
so our target sell from 99.00 and our target will 628pips
Good luck
USD/JPY intraday: bias continues to be UPSIDE trend.
Pivot@ 98.35
My choice: Open BUY positions more than 98.35 with targets at 99.1 and 99.35 in extension.
Alternate choice conditions: Underneath 98.35 start looking for further down-side with 98.1 and 97.75 as targets.
http://dl.dropbox.com/u/51561036/scr...823-211911.jpg
Usd/Jpy: Just like every other JPY pairs it is also surging down . but I see the USD over taking this and returning it to the upside . The JPY has shown a weakness where the USD is for some weeks now . I remember losing a trade as i saw a set up for correction to the down side.
Of observations by the method of technical analysis I have seen of the currency pairs USD/JPY and indicators that I use is the Bollinger Bands and fibbo.
It is seen that the position of the forex market are on point 98.54 and there is support and resistance on the (R3=100.7), (R2=99.95), (R1=99.16), (Pivots=98.38), (S1=97.6), (S2=96.94), (S3=96.21)
then I highly recommend you to open position SELL with
Take Profit is equal to 98.34 as well as Stop Loss at point 98.74
so that the target pips for today I think is at 40 pips
The USD/JPY In line 4H There are two consecutive summits
every top of the low of her pervious summit is
an indication of the low is uncertain,
and I expect his arrival to the resistance line at
the point of 98.58 and selling at this point
TODAY'S TECHNICAL LEVELS: Resistance 3: 99.23. Resistance 2: 99.00. Resistance 1: 98.80. Support 1: 97.88. Support 2: 97.60. Support 3: 97.38.
on this pair yesterday forecast a good result. after a marked level continued upward price movement of more than 750 points. today plan to continue shopping. on the four-hour timeframe I see that the price continues to the north. on the hourly chart as all indicators show that the price will continue to the northern movement. I recommend buying the pair above 99.151 to 98.432 feet
today i like to sell this pair @ 98.90
my stop loss of the day @ 99.27
half take profit for today @ 98.65
and further half take profit @ 98.30