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analysis for today 5 / 28 / 2014
USD/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 101.88
Retracement (50%) 101.93
retracement (61,8%) 101.97
Extensions (61.8%) 101.47
Extensions (100.0%) 101.31
Extensions (138.2%) 101.15
Extensions (161.8%) 101.06
calculation based on a Fibonacci retracement then today I choose sell
pair- usd/jpy
chart analysis time frame- m15
http://i60.tinypic.com/2j3ms5g.jpg
the price is showing oversold and it is break its down trend channel to the supporting trend line. the price moving below the support at 101.74 but not able to continue and moving up side. this may make a pull back so wait to setup and make short entry at 101.65 with profit target at 101.00 level.
good luck.
usd/jpy apne main resistance 102.17 ko breakout nahi kar paraha aur eur/jpy mein aajkal etna selling hora hai to uska bhi prssure ess pair ke upar he aara hai lekin kaha jaata hai future rend eska northward ki taraf he hai..
According to what I am seeing today 5/29/2014 at the moment on the pair USDJPY chart considering that the overall direction is Down I would assume that the price 101.88
would be the strongest resistance level at the moment and of course if the price bounced from it then it's the best place to sell from but on the other hand if it got broken then buying would be a better option also the strongest support would be at the price 101.63 where the range would be the strongest until it's broken , then it's the perfect place to sell from. .
http://uploadyourimages.org/upload/s...66fe420e55.JPG
http://prntscr.com/3nlqij
analysis for today 5 / 29 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 5 / 28 / 2014
OPEN 101.97
HIGH 102.02
LOW 101.65
CLOSED 101.82
The third resistance (R3) 102.02 - ( 101.83 - 101.65 = 0.18 x 2 = 0.36 )= 102.38
The second Resistance (R2) 101.83 + 102.02 - 101.65 = 102.20
First resistance (R1) 101.83 x 2 = 203.66 - 101.65 = 102.01
pivot points 102.02 + 101.65 + 101.82 = 305.49 / 3 = 101.83
Support for the first (S1) 101.83 x 2 = 203.66 - 102.02 = 101.64
Support second (S2) 101.83 - ( 102.02 - 101.65 = 0.37 ) = 101.46
Third Support (S3) 101.65 - ( 102.02 - 101.83 = 0.19 x 2 = 0.38 )= 101.27
USD/JPY (a 4-hour chart)
29 May 2014
The price is finding the first support at 101.60, the next one is at 101.00. The price is finding the first resistance at 102.23, the next one is at 103.00.
Trading recommendations
The indicators do not give certain signals. The market content is bearish though the pair is in the upward movement. The potential sell target is 101.60.
The alternative growth variant is 1021.23.
http://dl.dropbox.com/u/51561036/scr...529-210716.jpg
http://prntscr.com/3np1h8
analysis for today 5 / 29 / 2014
USD/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 101.79
Retracement (50%) 101.84
retracement (61,8%) 101.88
Extensions (61.8%) 101.42
Extensions (100.0%) 101.28
Extensions (138.2%) 101.14
Extensions (161.8%) 101.05
calculation based on a Fibonacci retracement then today I choose sell
http://prntscr.com/3nw1y7
analysis for today 5 / 30 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 5 / 29 / 2014
OPEN 101.84
HIGH 101.85
LOW 101.42
CLOSED 101.78
The third resistance (R3) 101.85 - ( 101.68 - 101.42 = 0.26 x 2 = 0.53 )= 102.38
The second Resistance (R2) 101.68 + 101.85 - 101.42 = 102.11
First resistance (R1) 101.68 x 2 = 203.37 - 101.42 = 101.95
pivot points 101.85 + 101.42 + 101.78 = 305.05 / 3 = 101.68
Support for the first (S1) 101.68 x 2 = 203.37 - 101.85 = 101.52
Support second (S2) 101.68 - ( 101.85 - 101.42 = 0.43 ) = 101.25
Third Support (S3) 101.42 - ( 101.85 - 101.68 = 0.17 x 2 = 0.33 )= 101.09
According to what I am seeing today 5/30/2014 at the moment on the pair USDJPY chart considering that the overall direction is Down I would assume that the price 101.8
would be the strongest resistance level at the moment and of course if the price bounced from it then it's the best place to sell from but on the other hand if it got broken then buying would be a better option also the strongest support would be at the price 101.43 where the range would be the strongest until it's broken , then it's the perfect place to sell from. .
http://uploadyourimages.org/upload/s...7e658ac882.JPG
pair- usd/jpy
chart analysis time frame- m15
http://i61.tinypic.com/2mq9qhx.jpg
the down movement is hold at the support 101.50 level and the price is moving up. this up movement may rejecting from the pivot level 101.68 and again moved down side. if this level is break then long with profit target at 101.85 and stop loss at the 101.40
good luck.