Usd/Jpy

analysis for today 12 / 31 / 2013
USD/JPY (Daily Trade)

Resistance 3 105.15
Resistance 2 104.85
Resistance 1 104.65
Pivot Point 105.14
Support 1 104.34
Support 2 104.14
Support 3 103.84


SELL 104.34 STOP LOSS 104.65 TAKE PROFIT 104.14 OR 103.84

elliott wave impulse wave up 105.70 decline should be supported around 104.95 - 104.74 zone for rally to 104.75 will damage this expected rally to above 105.39 a clear break of 104.74 will damge this expected rally
support and resistances
res2 105.62
res1 105.39
sup2 104.74
sup1 104.95
http://charts.mql5.com/3/457/usdjpy-...orex-group.png

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the pair is approaching Fibonacci resistance in the long term at 105.49
it may be subject take profit
or in case of retreat the pair may test support moving average 20 days to close at 104.00

Attachment 9993
USDJPY
TIME FRAME H1
Exponential MA "18" : BULLISH
Exponential MA "28" : BULLISH
Exponential MA "50" : BULLISH
Parabolic SAR "0.05/0.2" : BULLISH
MACD "30/60/30" : BULLISH

TREND: BULLISH

Attachment 10036
TECHNICAL ANALYSIS
USDJPY

TIME FRAME H1
Exponential MA "18" : BEARISH
Exponential MA "28" : BEARISH
Exponential MA "50" : BEARISH
Parabolic SAR "0.05/0.2" : BEARISH
MACD "30/60/30" : BEARISH

TREND: BEARISH

Pair then broke important support level 104.60 and now see that the graph is a bit began to revert back to a penetration level ... so I think that we will have to see ... maybe the sellers are still strong and this level would be very nice .... and resistances need to sell ..

USDJPY BEARISH 3-JAN-2014 12:00
BEARISH below 105.2 ; moving toward 105.0 and possibly 104.9
Breaking 105.2 will trigger a possiblity to 105.5 and 105.6

Pivot : 105.2
Support : 105.0 104.9
Resistance : 105.5 105.6
Last Price : 104.418

http://dl.dropbox.com/u/51561036/scr...103-201958.jpg

Weekly Technical Outlook For USD/JPY

USDJPY had seen nine consecutive weeks of net gains prior to the current one so a correction of some sort was perhaps due. Price action Thursday signaled a peak, confirmed by losses today, albeit with development occupments occurring in thin and illiquid trading. The risk of a deeper pullback cannot be excluded, the USD rally looks over extended and the market has not corrected the bare minimum of especially strong but still seems to be enough to halt the USD slide for now, however. The longer-term trend remains positive, so we have chances to BUY either on a dip nearer 101/102 or on an extension to new highs above 105.50.

http://charts.mql5.com/3/490/usdjpy-...orex-group.png



how are you

date:6 january 2014


pair :usdjpy

monentumn(8): 100.70

stoch(8.3.3): 60.89

rsi(13):65.99
rsi(3): 45.71

we will buy at: 104.83
our target1 : 105.83
our target2 : 106.83