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Current Exchange Rate: 98.60 at the time of analysis update.
Outlook: Short term (Immediate/next): Volatile sideways / Down. Near-term(First/next) : Volatile sideways / Up.
USD/JPY's Latest Analysis (August 26, 2013): Further downward move is expected towards 98.10 but there is no good trade configuration considering the risk-reward ratio and hence we are not taking any position.
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http://charts.mql5.com/2/362/usdjpy-...ex-group-2.png
hi
we can see in the 4h chart
the pair can close up the up trend line
i see the pair will go to up way to 99.58
rsi refers that the pair will go up
so our target buy from 98.58 and our target will 100pips
Good luck
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the pair can break the up trend to down way in 1h chart
stochastic refers to down way
so the pair will continue to down way
http://www7.0zz0.com/2013/08/26/15/775670679.png
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USD/JPY analysis by using pivot indicator. (H4)
R3 99.499
R2 99.208
R1 99.028
pivot 98.737
S1 98.446
S2 98.266
S3 97.975
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Hi,,
in the chart 4h we can see the pair will go to down way in the future
I see the pair will go to 97.58
I expect from this analyze that the price will go to down way
so sell from 98.67 to 97.58
good luck
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USDJPY
The USDJPY continued its bullish momentum last week but still unable to make a clear break above 99.00 - 99.50 key resistance area. The bias is neutral in nearest term. Immediate support is seen around 98.25/00. A clear break below that area could trigger further bearish pressure testing 97.50. On the upside, a clear break above 99.00 - 99.50 will activate my bullish mode testing 100.00/80 resistance area.
http://www.actionforex.com/images/st...2013082613.gif
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the pair trade above the up trend
MACD confirm up way
moving confirm the up view
stochastic also refers to up way ,so the pair will continue to up way
http://www5.0zz0.com/2013/08/26/17/785762585.png
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On the chart the pair Devnia podoschda the upper limit of the downward channel, and apparently it's going to break through. If you close the day, as it is now drawing a candle price, the more likely it will be a hammer, which will signal a change of trend. In general, while not consider any direction for the pair, as the pair is trading at resistance and where it breaks through the resistance of hard to say.
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http://charts.mql5.com/2/364/usdjpy-...orex-group.png
we can see in the 1h chart
the pair trading down the 50.0
I see the pair will go to down way to 97.99
stochastic refers that the pair will go down
so our target sell from 98.42 and our target will 43pips
Good luck
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Hi All :),
My preferance for Usd/Jpy is to buy from 98.43 and to stop loss at 97.43,
first take profit is at 98.93 and second at 99.43 (third is optional at 99.83).
God Be with you in trading :)
:peace::peace::peace: