The RSI is mixed to bearish. Trader can prefer short position at 79.6 with targets on 79.3 and 79.2. If it go through above 79.65 then it may be upward movement with 79.8 and 80 as price targets.
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The RSI is mixed to bearish. Trader can prefer short position at 79.6 with targets on 79.3 and 79.2. If it go through above 79.65 then it may be upward movement with 79.8 and 80 as price targets.
prediction bearish but until know ididnt earn any pips,i lost -22 pips from yesterday.at 10 am in forex factory usa cb consumer i hope it can fix my position from know.at least get 1 pips
yar main na es pair ko pehala kabi be used nahi ka ha es lya to muja es pair ka bara main itina knolwedge nahi ha or main es frourm main abi newbie hoon es lyaa to muja na to trading ka boht sara experience ha or na he knowledge ha.Quote:
Originally Posted by Anytime
usd jpy up 7 pips from the opening.we will see until usa comsumer confidence anaunce.i hope usd/jpy bearish.
The pair has been trading within a very narrow range since morning.The technical attempts to enter the bearish channel are still seen. RSI 14 also remains stable below the value of 50.00 and thus, we hold onto our bearish predictions for the rest of the day . A break below 79.25 will confirm and accelerate the move.
http://i49.tinypic.com/116uuj5.png
Recommendation : Based on the charts and explanations above our opinion is, selling the pair below 79.55 targeting 78.20 and stop loss above 80.35 might be appropriate.
The pair of Usd/Jpy is trapped between its support level at 79.40 and its resistance at 79.60. Not expecting too much movements for today. My strategy is buy at support and sell at resistance. The scenario will be fail if this pair cross wether its support or resistance for more than 30 pips.
The USDJPY till now still look sideways with small move candle, I see. The today price is likely yesterday move - we still see that price move slow near that MA 200 red. Because of this = Yes, I see this pair still not nice to take New OP here, just wait and see. Then, if we see to the big trend and also look and pay attention to the stoch, we can see the bearish still probably here = after truly then price can break more down to that Low fibo (78.98), of course.
[IMG]http://i.imgur.com/eYXgM.gif[/IMG]
Technically mixed bearish. Prefer to short position at 79.60 with price targets on 79.30 and 79.20. If it is goes to above 79.65 then we expect upward movement with target 79.8 and 80.
the H4 chart of the usd/ jpy currency pair shows abearish tendancy on the descending trend which is indicated by evening star shooting star and hanging man patterns three line break and heiken ashi candles tick charts confirm that the trend continues
http://www6.0zz0.com/2012/05/30/10/292600249.gif
Finally, the pair has moved to the downside affected by the previous discussed technical catalysts. Furthermore, it is attempting to enter the descanting channel which dominated the movements after placing the significant high at 84.15. RSI 14 is stable below the value of 50.00 solidifying the bearish scenario.
http://i49.tinypic.com/34658nc.png
Recommendation : Based on the charts and explanations above our opinion is, selling the pair below 79.55 targeting 78.20 and stop loss above 80.35 might be appropriate.