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USD JPY rallied higher sharply yesterday surpassing the EMA50, and attempts to build a support base above it, this breach makes the bullish bias preferred for today, and the target is visiting the bullish channel’s resistance around 100.70. You should be aware that Stochastic shows clear overbought signals, which might push the price to return to the downside track, taking into consideration that breaking 99.15 will push the price towards the bullish channel at 98.10
http://img15.hostingpics.net/pics/409947usd.png
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the market conditions on the currency pairs usdjpy is OVERBOUGHT with the following criteria :
running price on the market is 99.33
time frame that I use is H1
date on the forex market is 2013.09.20 11:38:26
yesterday high = 99.61
yesterday low = 97.88
Pivots = 98.98
S1 = 98.35
S2 = 97.25
S3 = 96.62
R1 = 100.08
R2 = 100.71
R3 = 101.81
so I'm is recommend your to open position SELL at current market 99.33 points with the risk management stop loss at point 99.63 and take profit at point 99.03
please try this and good luck all
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USD/JPY pair is now up trend. The price already breakout daily pivot point (99.006). I think the price may touch daily resistance 1 level (100.030).
http://i1311.photobucket.com/albums/...ps064c7e64.jpg
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after a trendline break and also resistant like USDJPY pair is still going consolidation today. This pattern is most likely determine the next USDJPY movement, whether there will be continuation of the upward movement or even reversal will occur.
http://i.imgur.com/YABtlxa.png
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I use scalping strategies on this currency pairs Usd/Jpy so I prefer the short time that is the timeframe M15 and M30,
that's position market on 99.36 then also there are some indicators that I use as the Bollinger Bands is TREND DOWN, ADX is TREND DOWN, Stochastic is TREND UP.
Then consider the position if the market trend is moving toward more leads TREND DOWN,
then I strongly encourage you to order SELL at current market at 12:36 and use a stop loss and take profit of 20 pips
is the take profit at 99.16 and stop loss at 99.56
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Bulls showed the first signs of weakness, a break-resistance of 98.30 was false and did not find support in the market, now the pair started to decrease and the MACD formed a sell signal today should be expected to reduce the south and break of support at 97.88, this will open the way up to the 97.00 figure .:yahoo:
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usd/jpy
if we see the market with two indicator adx wilder(14) & adx(14) in 1 hour timeframe.the value of two diferrent indicator shows us that
adx wilder(14) level
style : 25.95
+di : 33.16
-di : 13.18
adx(14) level
adx : 27.02
+di : 33.55
-di : 8.85
so we can decide that the market trand is : up
timeframe : 1 hour
time : 1200 gmt
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analysis of several indicators that I use on usd/jpy currency with M30 and H1 timeframes are in the form of pivots indicator R3=101.81, R2=100.71, R1=100.08, Pivots=98.98, S1=98.35, S2=97.25, S3=96.62 indicates the following as well as I use other indicators such as zona trade that displays the zona signal BEARISH on market position 99.49 so that the most appropriate step is to conduct an open position SELL with a stop loss of 99.74 and take profit at 99.24
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Usd/jpy analysis :
date : 09.20.13
time : 13:15 GMT
time frame : 15 min
current rate :99.48
high : 99.68
low : 99.17
net change : 0.02%
overall trend : strongly bullish.
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The pair is currently moving slide range trend is not clear until pair break 99.75 level, Breaking of this level will be possible 100.20 101.20 level. In other way if pair failed to break the 99.75 level then we should have to wait 97.75. These are both very important level and market is moving from last days between in these levell Curent important level 99.75 98.80 97.75
http://i.imgur.com/mdoKeer.png
