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USDJPY moved in a bullish movement yesterday and as the result, we can see on the previous candle on daily time frame, there's a bullish engulfing pattern on daily time frame and also a rejection from the support level at 101.48. So, in my view, USDJPY has a potential to make a reversal movement and reach the resistance level at 102.09. Then, if USDJPY can also break that resistance, the bullish movement will continue to the next resistance level at around 102.65.
Camarilla Pivot Point
Tuesday,March 18,2014
Pair : USD/JPY
R4=102.12
R3=101.96
R2=101.91
R1=101.85
S1=101.74
S2=101.69
S3=101.64
S4=101.47
Time Frame : Daily
pair- usd/jpy
chart analysis time frame- m15
http://i62.tinypic.com/f3yv6h.jpg
the price has been break the head and shoulder chart pattern with the supporting trend line at 101.73 its falling and move daily support 101.40 now the price is oversold so some correction can see. long with take profit at 101.60 and stop loss 101.20
good luck.
USD/JPY (a 4-hour chart)
18 March 2014
The support is 101.00. The resistance is 102.23, the next one - 103.00.
The pairs is falling. Kijun-sen and Tenkan-sen are horizontal. The southern movement is strong. The cloud is neutral. The southern movement remains until Kijun-Sen is above the price.
Trading recommendations
The weekly 100.60 trend line is located on the way of sellers, which is the fairly strong support. The trend line retest can cause a reverse bounce up. The purpose of this rebound is the resistance 103.25.
http://dl.dropbox.com/u/51561036/scr...318-210224.jpg
USD/JPY analysis for today 3 / 18 / 2014
Resistance 3 103,02
Resistance 2 102,72
Resistance 1 102,52
Pivot Point 101,76
Support 1 101,13
Support 2 100,93
Support 3 100,63
BUY STOP 102,52 STOP LOSS 101,13 TAKE PROFIT 102,72
SELL STOP 101,13 STOP LOSS 102,52 TAKE PROFIT 100,93
analysis for today 3 / 19 / 2014
USD/JPY
Resistance : R1 102.07 R2 102.32 R3 102.52 R4 102.82
Support : S1 100.72 S2 100.47 S3 100.27 S4 99.97
Open : 101.43
High : 101.47
Low : 101.32
Range : 15 Pips
Running Price : 101.34
Strategy : SELL at the level 101.34 stop loss at the level 102.07 target take profit at the level 100.27 or at the level 99.97
usd / JPY chart after the rapid fall round since January, in the 100.75 point support to low consolidation tempo runs, is expected after the recent adjustment is still down space further. From the map hour trend, the dollar / yen in the range of 101.20-101.95 range, in the current interval along the near absence of efforts to adjust, is conducive to the next direct breakthrough interval further down to 100.75
pair- usd/jpy
chart analysis time frame- m15
http://i60.tinypic.com/207xhxs.jpg
the price up movement is rejecting from the level 101.54 but hold at the support 101.35. now the price break resistance trend line. it up movement can expected if move above the daily pivot level 101.54 to the take profit at 101.80 and stop loss at the 101.20
good luck.
Camarilla Pivot Point
Wednesday,March 19,2014
Pair : USD/JPY
R4=101.78
R3=101.60
R2=101.54
R1=101.48
S1=101.36
S2=101.30
S3=101.23
S4=101.05
Time Frame : Daily
Woodie's Pivot Point daily calculation
Pair :USD/JPY
Date : Wednesday,March 19,2014
r3=102.41
r2=102.17
r1=101.75
pp=101.51
s1=101.08
s2=100.84
s3=100.42