The pair continued to grow strongly after the break 79.71, the course is now trading above the Ichimoku cloud is also on the hourly chart, I noticed that's a rising channel, I think the price now goes to the upper boundary of the channel.
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The pair continued to grow strongly after the break 79.71, the course is now trading above the Ichimoku cloud is also on the hourly chart, I noticed that's a rising channel, I think the price now goes to the upper boundary of the channel.
USD / JPY, as I said yesterday that the pair did not come out as long as the cloud of Como Span, it encourages the ups and this is exactly what happened until it exceeds the 23 Fibonacci level is now at a level of 38 Fibonacci clear to us that it is likely to see some of the decline at 38 Fibonacci
http://hh7.an3m1.com/Sep/an3m1.com_4a5d433b061.png
Let's have a look at Daily Chart of the pair. The price is in downtrend because it is below the Ichimoku Kumo Cloud. Moreover, it is at the Ichimoku Kumo Cloud and Stochastic is at overbought area. So, I think the price will be down now.
http://s9.postimage.org/a92ta79db/image.jpg
USD/CHF is yet floating above 0.9422 and its bias has remained neutral in the previous trading hours of the day. Below 0.9422, it would target 0.9320 and 0.9298 extended. But a break above 0.9640 we could expect the pair to fly to 0.9750 and 0.9771 extended.
The USD/JPY pair is currently testing 80.00 level, U.S unemployment data showed 387K from expected 381K so i think that this major will retrace to 79.50 soon.
Yes, a couple continues to grow, after the breakdown of the trend line is almost irresistible, they even have a price above 80.10.esli and so on will not you think 80.60 today tomorrow we shall see, and we'll see whether there is another force to drive the price of a bull ...?
USD/JPY is also another pair that is floating around its range i.e between 78.60 and 79.80 with the bias being neutral during the whole trading hour. If the pair manages to out break 79.80, then it could aim for 80.34 and even more but a break down of 79.80 will indicate a downfall to 77.80 or more.
USDJPY By the time I make this post this pair is around 80. 23/24 (0.88%) The main pivot point based on classic calculation is 79.35. The other ones are: R1 79.91, R2 80.28, R3 80.84, S1 78.9778.41, S3 78.04.The EMA20 is at 80.0531 indicating that we should look to Buy. The ADX is telling that the trend is Neutral. Also the CCI is indicating that we should look to Buy. The MACD indicator is at -0.1215 pointing that we are in a Buy situation.
The pair continues to show strong growth for several hours, the price is close to a strong resistance level of 80.55, also on this level is quite likely the beginning of the corrective movement to the south.
http://img217.imageshack.us/img217/1945/usdjpye.png
After the bullish motion of this pair as i expected before , it will move down slightly until it reach the support level @ 79.85 (50.0%) , then this level will push the pair up again into its bullish channel , i don't prefer selling now as it is not ensured , but we just have to wait for this slight drop then buying the pair will be the best decision , Good Luck