Printable View
the pair price already touched daily resistance 1 level 103.40
and upper trend line.
Now the price try to move down ward.
I think the price may touch daily pivot point 102.70
so sell now from 103.16
the pivot point will be my target
stop loss will be above the resistance 1 level 103.40
http://s30.postimg.org/giqeq0uwx/screenshot_134.png
USDJPY, seem to form down first impulse, which is strong enough to start a new downtrend. We think, for this week, this impulse price fixing, minimum break, and then continued to fall to the bottom. Alternative scenario suggests that the market may try to reach a new maximum and then decreases to form a new impulse. Our suggestion then sell on the open positions and take profit 103.40 103.10-102.95 but if it has passed through R1 then decline now endangered.
Fibonacci pivot point
Pair = USDJPY
Resistance 3 = 103.60
Resistance 2 = 103.43
Resistance 1 = 103.33
Pivot Point = 103.16
Support 1 = 102.99
Support 2 = 102.89
Support 3 = 102.72
Result this day Tuesday, December 10, 2013
fibo lines today 10-DEC 2013
fibo 61% = 103.619
fibo 50% = 103.541 & fibo 38% = 103.440
fibo 23% = 103.329
target buy to 103.984
target sell to 102.971
http://www7.0zz0.com/2013/12/10/10/918096359.png
USD/JPY has tried to break over 103.37 resistance by touching 103.39. This suggests that we can expect further gains towards 103.73 resistance. With any failure of 103.73 resistance, USD/JPY may target 104.10/104/20 also. The support is now expected at the previous resistance of 102.84 and any break below that will indicate a short-term topping and may bring some consolidation towards 102.32 before another recovery.
analysis for today 12 / 10 / 2013
USD/JPY (Daily Trade)
Resistance 3 104.32
Resistance 2 104.02
Resistance 1 103.82
Pivot Point 103.27
Support 1 102.58
Support 2 102.38
Support 3 102.08
SELL 102.58 STOP LOSS 103.82 TAKE PROFIT 102.38 OR 102.08
Daily & weekly support and resistance level
Daily R3 = 103.984
Daily R2 = 103.584
Daily R1 = 103.416
Weekly pivot = 102.620
Daily pivot = 103.150
Daily S1 = 102.982
Daily S2 = 102.716
Daily S3 = 102.548
http://www10.0zz0.com/2013/12/10/11/733394016.png
Date: 10-12-2013
indicators today : up
if price break up :102.82
the pair will go to :103.60
and then go to level :102.50
hi every one h ru usd/jpy high low and pivot points
High 103.41 Low 102.74
S3 S2 S1 R1 R2 R3
102.57 102.83 103.09 103.54 103.80 104.06
Camarilla 103.17 103.21 103.25 103.17 103.33 103.37 103.42
Fibonacci 102.72 102.89 103.00 103.17 103.35 103.45 103.63
Woodie NaN 102.75 103.06 103.20 103.52 103.66 NaN
USD/JPY (a 4-hour chart)
10 December 2013
The pair is correcting. The ultimate goal is still the 100.60-101.00 level, which is expected to act as immediate support, limiting further reduction of the pair.
Trading recommendations
The main attention is now focusing on the daily resistance at 103.20. If the price does not break it we expect a consolidation which is the signal of possible rebound down. The rebound potential target should be 101.60.
http://dl.dropbox.com/u/51561036/scr...210-214534.jpg