Usd/Jpy

analysis for today 5 / 16 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 5 / 14 / 2014
OPEN 101.89
HIGH 102.11
LOW 101.34
CLOSED 101.57

The third resistance (R3) 102.11 - ( 101.67 - 101.34 = 0.33 x 2 = 0.67 )= 102.78
The second Resistance (R2) 101.67 + 102.11 - 101.34 = 102.44
First resistance (R1) 101.67 x 2 = 203.35 - 101.34 = 102.01
pivot points 102.11 + 101.34 + 101.57 = 305.02 / 3 = 101.67
Support for the first (S1) 101.67 x 2 = 203.35 - 102.11 = 101.24
Support second (S2) 101.67 - ( 102.11 - 101.34 = 0.77 ) = 100.90
Third Support (S3) 101.34 - ( 102.11 - 101.67 = 0.44 x 2 = 0.87 )= 100.47

On the daily charts, usd/jpy the next day to support near 101.15 was tested, and it is expected to remain in the 101.15-102.34 range consolidation.
Support and resistance, support at 101.15 line and 100 psychological barrier; resistance at 102.34 line, 102.87 line and 103.21 line followed.

Daily technical analysis for USDJPY 16/05/2014
USDJPY one more dip to 101.45 - 101.23 is likely followed by a grind higher to 101.85 - 102.03. After which it can resume its downtrend.

Key Point 101.59
Entry Point 101.81
Trendline 1 102.12
Trendline 2 101.95

Support 1 101.23 Support 2 100.87
Resistance 1 102.03 Resistance 2 102.47

USD JPY till now unable to breaking the strong support level @ 50% fibo level for the last bullish wave on the 4H time frame, so more up movements are expected targeting 38.2% fibo level initially. Stochastic support my bullish expectation

pair- usd/jpy
chart analysis time frame- m15

http://i61.tinypic.com/i4onkm.jpg

the price is making double bottom chart pattern with the support at 101.37 and nick line of resistance at 101.57. the rsi is also moving up side. if this break resistance then its up movement can expected to the resistance at 102.00. long with the stop loss at 101.00
good luck.

Trading Signal - 16/05/2014 - 10:00 GMT +2
Instrument: USDJPY
60min CHART
Downwards Strong
Waiting for a retracement higher towards the 101.80 resistance level in order to reinstate SHORT positions.
The market is in a Range. We remain neutral waiting for a break in either direction.
Support & Resistances
101.30 101.80
100.80 102.00
100.00 102.20

http://dl.dropbox.com/u/51561036/scr...516-212148.jpg

Daily analysis for USDJPY
USDJPY elongated flat correction down 100.97, close to daily pivot point 101.67

Elliott 102.36
Closing 101.58
Ex-Low 101.32
Ex-High 102.12

Support 1 101.24
Support 2 100.88
Resistance 1 102.02
Resistance 2 102.48

:yahoo: :yahoo:

Weekly technical analysis USDJPY
Key Point 101.24
Entry Point 101.77
Trendline 1 101.84
Trendline 2 101.84

Support 1 101.12 Support 2 100.69
Resistance 1 102.17 Resistance 2 102.79

:yahoo:

Weekly analysis for USDJPY
USDJPY irregular flat correction down 100.93, No Pivot Points have been reached.

Elliott 103.02
Closing 101.54
Ex-Low 101.32
Ex-High 102.36

Support 1 101.13
Support 2 100.68
Resistance 1 102.16
Resistance 2 102.78

With the market heading Down Today 5/18/2014 ,the closest resistance level that I can see would be 101.6 so if the price reached it then without doubt it's gonna be a good point to start buying, that is if the level was passed using the candle stick of course. And as for the closest support level, I think 101.42 would act as a strong one so it would be a good idea to start selling once it got penetrated by the candle stick. .
Attachment 10992