Today, the Japanese currency came into motion, struck the triangle to the north, so judging by the activity rates are heading north to the resistance of 79.80, the breakdown of the level next goal ..... 80.50
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Today, the Japanese currency came into motion, struck the triangle to the north, so judging by the activity rates are heading north to the resistance of 79.80, the breakdown of the level next goal ..... 80.50
JPY shot very much to the north, the course finally showed at least some of the movement for a whole day, now a couple of goes to the strong resistance of 79.71, he can rebound from the south, and if the price will be fixed above it, then only in the purchase.
usd and jpy is the code name of the two major currency. usd means the american dollar and jpy means the japanese yen. here usd is the base currency and the jpy is the counter currency. the currency exchange rate may be 1:94.one usd equal 94 japanee yen
The pair rushed up the dollar against the yen yesterday to go beyond the falling channel resistance that appear in the graph above, but found strong resistance of SMA 50, which protects this level downward trend scenario proposed in our last.
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In general, we reserve the downward trend of our expectations is likely in the long and short term intraday unless we get a closure day moving average above-mentioned and who is currently at 79.70
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Expected trading range for today is between: Support and resistance 77.50 80.00
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General tendency is expected for the day: the downside
Long position is preferable at 79.4 with price targets on 79.7 and 79.8. If the price goes to below at 79.3 then we can expect further downward movements with 79.1 and 79 as price targets.
long positions at 79.7830 with 80.3670 target
the breakout of 79.2180 will call for a rebound towards 78.5780
http://www5.0zz0.com/2012/06/21/08/466403600.gif
The MACD histogram crossed its signal line and is now located in the positive zone and continues to rise slowly, and thus sends a signal to buy. Stochastic oscillator is overbought and generates the same signal as the% K line rises above the% D. Well worked as a support for the moving average with a period of 200, so it is now sandwiched a pair of two levels of breakdown 79.80-79-40 ... wait ..
JPY pair continues to grow, the rate today, even managed to break the strong resistance level of 79.70 and is already entrenched above it, this breakthrough opened the way to the next level of 80.55, now need to wait for a good entry point for shopping.
Resumed the dollar against the yen trading above the moving average of positive 50 and it is trying to stability, where price is positively influenced by stochastic on a daily timeframe.
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Overall, the proposed scenario the morning, remain valid unless we get closure on above 79.70
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Expected trading range for today is between: Support and resistance 77.50 80.00
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General tendency is expected for the day: the downside
Quotes are moving above the close 20 and 50 EMA on the 1-hour chart, indicating bullish pressure. The value of the RSI indicator is positive and inclining upwards, MACD is positive and tranquil, while CCI has crossed up the 100 line on the 1-hour chart, giving over all neutral to light long signals.
Technical resistance levels: 79.91 80.80 81.74
Technical support levels: 78.78 77.83 77.00