USD/JPY pair is now strongly bearish power. The price already breakout daily support 2 level (97.936). I think the price may touch daily support 3 level (97.608).
http://i1311.photobucket.com/albums/...psa85e21ed.jpg
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USD/JPY pair is now strongly bearish power. The price already breakout daily support 2 level (97.936). I think the price may touch daily support 3 level (97.608).
http://i1311.photobucket.com/albums/...psa85e21ed.jpg
As can be seen on the daily chart - held a retreat from the long-term slope level (the point of tangency figure 99.00), the pair is fully turned to the south and broke a number of strong levels of support (among them the figure of 98.20 and 98.00), on 4-hour chart continue to work off a sell signal MACD, the closest support is around 96.80, it is profitable.
USD/JPY Technical Analysis –
http://media.dailyfx.com/illustratio..._Picture_4.png
Prices are edging lower as expected after putting in a Spinning Top candlestick below resistance at the top of a large Triangle chart pattern carved out since late February. Near-term support is at 97.28, the 50% Fibonacci retracement. A break below that eyes the 61.8% level at 95.76. Resistance is reinforced by the 38.2% level at 98.80, with a reversal above that targeting the 23.6% retracement at 100.68.
USD/JPY Daily Signal technical Analysis 4H time frame
Resistance:3 99.10
Resistance:2 98.88
Resistance:1 98.74
Piviot Level: 98.53
suppot:1 98.31
suppot:2 98.17
suppot:3 97.96
best signal for trade good luck
USD / JPY broke through the sliding confidently alligator and reached a new weekly low, the pair is still forming the southern aggressive waves and the potential drop is good because on the way to 96.90 practically no strong levels. 96.90 and will be as long as the main goal, we continue to work off southern signal stochastic and RSI.
the H1 time frame charts on currency pairs usd/jpy
such as the support resistance on
R3 = 99.4
R2 = 99.13
R1 = 98.82
Pivots = 98.55
S1 = 98.24
S2 = 97.97
S3 = 97.66
with today's market position is at point 97.31
then I strongly recomended you to the open position BUY
consideration for stop loss at 97.06 and take profit at 97.56 Good luck all
A critical analysis i made yesterday with this pair is the downward movement which had continued till now that we see and we expect the continued downward movement of this pair before the non-farm payroll ensues.
http://charts.mql5.com/2/373/usdjpy-...orex-group.png
we can see in the 1w chart
the pair trading down the 38.2
I see the pair will go to down way to 93.33
rsi refers that the pair will go down
so our target sell from 97.18 and our target will 385pips
Good luck
Alternative load forecast for the strengthening of the Yen and the couple as expected came down to the level of 97.77. from which it sprang.* Expect growth of pair to an abandoned level of 98.50 and an attempt to gain a foothold above. But all this happens at the exit of positive statistics for the U.S., which raises doubts on the background of the negative lately.* An alternative can be a flat of the range between EMA200 and the level of 97.70, while reducing the options to 97 so do not exclude it.
today i like to sell this pair @ 97.43
my stop loss of the day @ 97.58
half take profit for today @ 97.17
and further half take profit @ 96.88