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the pair price already touched daily resistance 1 level 98.80
and upper trend line.
Now the price try to move down ward.
I think the price may touch daily pivot point 97.50
so sell now from 98.30
the pivot point will be my target
stop loss will be above the resistance 1 level 98.80
If you can touch the level of S1 USDJPY: USDJPY 98.10 then it most likely will continue to fall until hitting S2: 97.85 or even lower than that. To anticipate we put stoploss at level MS1: 98.45.
http://s2.postimg.org/jp6ecksix/screenshot_485.jpg
awesome oscillator best indicator to signal to colors red colors down market and lime colors up market
up signal tp:30 pip
loss:20 pip
analysis for today 11 / 1 / 2013
My daily trading,I hope the day is a success ...
USD/JPY (Daily Trade)
Resistance : R1 98.88 R2 99.13 R3 99.33 R4 99.63
Support : S1 97.62 S2 97.37 S3 97.17 S4 96.87
Open : 98.35
High : 98.37
Low : 98.13
Range : 24 Pips
Running Price : 98.15
For intraday trade today suggest SELL at the level 98.15 stop loss at the level 98.88 target take profit at the level 97.17 or at the level 96.87
USD/JPY Technical Analysis
Prices rose as expected after showing a Hammer candle at trend line support set from Feb
Resistance is now at 98.58 / 50% Fib, a break higher initially targets 99.06 / 61.8% Fib
A turn back below support at 98.10 / 38.2% Fib, exposes 97.51 / 23.6% Fib
pair- usd/jpy
chart analysis- H1
http://i40.tinypic.com/rm8w41.png
price is not break the fibo 50 level and the support at 97.85 level and making up movement. the rsi indicator is also break the resistance and moving up side. if the price break the pivot point resistance at the 98.32 level then moving to the 98.65 level.
pairs USDJPY market time 03:24 at friday yesterday, I observed from chart that's the time frame on M5, M15, M30, H1, H4, M1, and D1 outline leads to more UP TREND condition, and the support resistance indicator is also R3=99.19, R2=98.94, R1=98.71, Pivots=98.46, S1=98.23, S2=97.98, S3=97.75 with market price at 98.91 so Monday tomorrow I can recommend you to order BUY with TP=99.21 and SL=98.61
Standart Pivot Point - Support - Resistance
Update: 2 Nov 2013 12:47
Time Frame : Daly
PAIR : USDJPY
LOW : 98.08
HIGH : 98.56
CLOSE : 98.35
S3 : 97.62
S2 : 97.85
S1 : 98.1
Pivot : 98.33
R1 : 98.58
R2 : 98.81
R3 : 99.06
Yesterday the USD/JPY burst upward rejecting the EMA level. This latest move gave more confirmation for the USD/JPY short term upward move.
Current Important Levels : 99.00 - 97.00 - 95.78http://4.bp.blogspot.com/-xuWNvQMjSP...2+Nov%2713.jpg
USDJPY weekly analysis based on H4 Time Frame:
USDJPY will rise to the level of 98.74 - 99.17 and then down again to the level of 98.31 - 98.04 or even lower than that.
S1: 97.77
S2: 96.91
R1: 99.17
R2: 99.71
http://s11.postimg.org/5ftmuhzlv/screenshot_496.jpg