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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 98.66 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 09:42 and use a stop loss and take profit of 30 pips
is the take profit at 98.36 and stop loss at 98.96
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USD JPY remains stuck between the bullish channel’s support 98.45 and the EMA50 which acts as an intraday resistance at 98.95, keeping our neutral attitude valid until now, waiting for surpassing one of these levels. Note that Stochastic supports the negative pressure that comes from the moving average, which provides a priority for a negative trading for today, but it conditioned by confirming breaking 98.45.
http://charts.mql5.com/2/619/usdjpy-...orex-group.png
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Im Aggree with you Vetman85.. Usd/Jpy maybe will stroong up to 100.80, i'll hold long order for Usd/Jpy..
price ceorrection @98.00-14
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the market conditions on the currency pairs usdjpy is TREND UP with the following criteria :
running price on the market is 98.65
time frame that I use is H1
date on the forex market is 2013.09.27 11:35:03
yesterday high = 99.13
yesterday low = 98.26
Pivots = 98.79
S1 = 98.45
S2 = 97.92
S3 = 97.58
R1 = 99.32
R2 = 99.66
R3 = 100.19
so I'm is recommend your to open position BUY at current market 98.65 points with the risk management stop loss at point 98.4 and take profit at point 98.9
please try this and good luck all
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USD/JPY pair price already touched Fibonacci 38.2 level. Now the price try to move up ward. I think the price may touch daily pivot point (98.791).
http://i1311.photobucket.com/albums/...psc59998ee.jpg
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USD/JPY intraday: BERISH trend prevails.
Pivot@ 98.85
My choice: Open SELL positions under 98.85 with targets at 98.45 and 98.2 in extension.
Alternate choice conditions: On top of 98.85 take a look for additional up-side with 99.15 and 99.35 as targets.
http://dl.dropbox.com/u/51561036/scr...927-203557.jpg
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Hi All :D,
My preferance for USD/JPY is to sell from 98.25 and to stop loss at 98.75,
first take profit is at 97.75 and second at 97.25.
God Be with you in trading
:doubt::accute::woo:
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today i like to buy this pair @ 98.13
my stop loss of the day @ 97.96
half take profit for today @ 98.27
and further half take profit @ 98.42
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it should trade higher to 99.32 while 98.79 or 98.62 offers support stop loss below 98.45 zone
res 99.6600
ex - high 99.1400
res1 99.3200
pivot 98.7900
sup1 98.4500
ex-low 98.2700
sup2 97.9300
