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USD/JPY analysis for today 3 / 12 / 2014
Resistance 3 104,08
Resistance 2 103,78
Resistance 1 103,58
Pivot Point 103,02
Support 1 102,26
Support 2 102,06
Support 3 101,76
BUY STOP 103,58 STOP LOSS 102,26 TAKE PROFIT 103,78 OR 104,08
SELL STOP 102,26 STOP LOSS 103,58 TAKE PROFIT 102,06 OR 101,76
daily since February 3rd has sideways trend shocks. From the map hour trend, the dollar / yen up to 103.75 resistance high callback, the system average was down through the objective, direction conversion potential. From the main rhythm, the USD/JPY upward since March 3rd has strength, high resistance callback process slope less than 45 degrees, with strong repeatedly in the callback process, characteristics with minor rhythm, received 102.40 support will start early gains to callback days.
USD/JPY 2014-03-12
Intraday: Ranging to BEARISH trend.
Pivot@ 103.150
My choice: Open SELL trades under 103.150 with targets at 102.60 and 102.40.
Alternate choice conditions: On top of 103.150 search for more bulliah with 103.40 and 103.70 as targets.
Supports and resistances:
103.7 102.6
103.4 102.4
103.15 102.2
http://dl.dropbox.com/u/51561036/scr...312-215532.jpg
analysis for today 3 / 12 / 2014
USD/JPY (Daily Trade)
Resistance 3 103.84
Resistance 2 103.54
Resistance 1 103.34
Pivot Point 103.02
Support 1 102.29
Support 2 102.09
Support 3 101.79
SELL 102.29 STOP LOSS 103.34 TAKE PROFIT 102.09 OR 101.79
standard pivot point calcultion
date = march 13.2014
pair = usd/jpy
r3 = 103.60
r2 = 103.34
r1 = 103.05
pp = 102.79
s1 = 102.50
s2 = 102.24
s3 = 101.95
analysis for today 3 / 13 / 2014
USD/JPY
Resistance : R1 103.40 R2 103.65 R3 103.85 R4 104.15
Support : S1 102.10 S2 101.85 S3 101.65 S4 101.35
Open : 102.76
High : 102.85
Low : 102.65
Range : 20 Pips
Running Price : 102.65
Strategy : SELL at the level 102.65 stop loss at the level 103.40 target take profit at the level 101.65 or at the level 101.35
The USDJPY 4 hour chart 50SMA to suppress the formation of K-line form, 15EMA; display nearly two days the market as high downward trend, cut larger efforts but overall long pattern does not change, because the key support level with good; the key level of support with 102.60 with signs of stabilising, suggested that the investor appropriately concerns about potential long trading opportunities. Pay attention to pressure 103.10, 103.45, 102.60 support, 102.15.
Operation strategy: such as the exchange rate today dropped to 102.60 on stable, can continue to the light warehouse buy, target for 103.10-103.45; if the dollar rally held steady at 102.15, may consider selling, target for 101.45-101.20.
pair- usd/jpy
chart analysis time frame- m30
the price is making double top chart pattern with having the resistance at the 102.85 and the support at 102.65. if this is break resistance then up movement can see to the daily resistance level 103.00 long with the take profit and stop loss below the support 102.50
good luck.
fibonacci pivot point calculation result
r3 = 103.34
r2 = 103.13
r1 = 103.00
pp = 102.79
s1 = 102.58
s2 = 102.45
s3 = 102.24
pair = usd/jpy
date = march 13.2014
time frame = daily
USDJPY had been rejected by the support level at 102.65 yesterday. So, in my view, because of that rejection, USDJPY will rebound and goes up to the resistance level at 130.23. But if USDJPY can fall and break 102.65 support level, this pair will falls to the next support level at around 102.09.