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usd jpy price at this pair was stuck at resistance level 98.55 in daily time frame, and yesterday we see engulfing candle pattern we can see it on daily chart if market sentiment want to push price lower, then price will move downward to support level 98.17.
Usd/jpy technical analysis
date : 10.16.2013
time : 08:15 GMT
time frame : 15 min
indicator :
1) RSI (14)
value: 39.98
2) MACD (26,12,9)
value: -0.0251
3) ADX (14)
value: 48.57
4)CCI(14)
value: -107.02
overall trend - slightly bearish.
Today on the pairs usd/jpy at market time on 13.39 I observed from chart that's the time frame on M5, M15, M30, H1, H4, M1, and D1 outline leads to more trend up condition, and the Bollinger Bands indicator is also trend up and Cricket scalper indicator is indicated trend up signal so I can recommend you to hold and wait an order with open position SELL with SL=98.64 and TP=98.04
time frame- M15
Major trend direction- down trend
the price is rejected from the daily resistance at 98.56 level and moving in the down side. now its acting at the pivot point support 98.28 level and the rsi indicator is also at the 30 level. its may be move up side.
trade- long position
take profit@98.50
stop loss@98.00
good luck.
Pair : USDJPY
Updated : Wed, Oct 16 19:17
Price : 98.30
Movement : 14.9 Pips
Movement : 0.15%
Support : 97.58
Pivot : 98.28
Resistance : 98.98
Day = 2013.10.16
Simbol = USDJPY
Time Frame = 1440
Results of analysis of the daily pivot point calculations
Resistance 3= 99.29
Resistance 2 = 99.00
Resistance 1 = 98.58
Pivot Point = 98.29
Support 1 = 97.87
Support 2 = 97.58
Support 3 = 97.16
This calculation is not a reference to create the opening position but merely an approximate calculation of the price movement.
I am not responsible for any errors that occur because the only information from the previous calculation
Trading Signal - 16/10/2013 - 10:00 GMT+3
Instrument: USD/JPY
60min CHART
Upwards Weak
The market is testing support at 98.30. We are waiting to see reversal signals in order to reinstate LONG positions, or alternatively
the upward break of the 98.70 resistance level. Next important support the 98.00 level.
Support & Resistances
98.30 98.70
98.00 99.00
97.50 100.00
http://dl.dropbox.com/u/51561036/scr...016-213434.jpg
Usd/jpy technical analysis
date : 10.16.2013
time : 14:40 GMT
time frame : 15 min
indicator :
1) RSI (14)
value: 73.94
2) MACD (26,12,9)
value: 0.0918
3) ADX (14)
value: 49.79
4)CCI(14)
value: 112.56
overall trend - slightly bullish.
usd/jpy today's evening time analysis basis of stochastic(5,3,3) and adx(14)
stoch(5,3,3)
main : 63.64
signal : 69.36
adx(14)
adx : 58.34
+di : 23.77
-di : 9.95
so we see the market
condition : ob
overall trend : bullish
timeframe : m15
Hi All :D,
My preferance for USD/JPY is to buy from 98.71 and to stop loss at 98.21,
first take profit is at 99.21 and second at 99.71.
God Be with you in trading
:peace::good::accute: