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http://prntscr.com/3snate
analysis for today 6 / 16 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 6 / 13 / 2014
OPEN 101.69
HIGH 102.12
LOW 101.65
CLOSED 102.03
The third resistance (R3) 102.12 - ( 101.93 - 101.65 = 0.28 x 2 = 0.57 )= 102.69
The second Resistance (R2) 101.93 + 102.12 - 101.65 = 102.40
First resistance (R1) 101.93 x 2 = 203.87 - 101.65 = 102.22
pivot points 102.12 + 101.65 + 102.03 = 305.80 / 3 = 101.93
Support for the first (S1) 101.93 x 2 = 203.87 - 102.12 = 101.75
Support second (S2) 101.93 - ( 102.12 - 101.65 = 0.47 ) = 101.46
Third Support (S3) 101.65 - ( 102.12 - 101.93 = 0.19 x 2 = 0.37 )= 101.28
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pair- usd/jpy
chart analysis time frame- m15
http://i58.tinypic.com/nyu24l.jpg
the price down movement hold at the support of the fibo level 78.6 at the price 101.70 and moving up side. the rsi movement is also up side. the is again in up trend side and may be hit the resistance at 101.90 level. long with the stop loss at 101.50
good luck
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USDJPY BEARISH 16-JUN-2014 12:00
BEARISH below 101.9 ; moving toward 101.8 and possibly 101.6
Breaking 101.9 will trigger a possiblity to 102.2 and 102.4
Pivot : 101.9
Support : 101.8 101.6
Resistance : 102.2 102.4
Last Price : 101.838
http://dl.dropbox.com/u/51561036/scr...616-202642.jpg
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http://prntscr.com/3tdsax
analysis for today 6 / 16 / 2014
USD/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 101.83
Retracement (50%) 101.89
retracement (61,8%) 101.94
Extensions (61.8%) 101.36
Extensions (100.0%) 101.18
Extensions (138.2%) 101.00
Extensions (161.8%) 100.89
calculation based on a Fibonacci retracement then today I choose sell
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UJ in crusial area, this area further determine the direction of UJ. I think 80% UJ will go up to 102.80 to 103.00 but even for that, UJ 102.12 must be able to penetrate the area because I think it is an area that could potentially make the UJ back down, even to reach FIBO 100
http://puu.sh/9wliz/a88c4c7178.png
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http://prntscr.com/3tlchs
analysis for today 6 / 17 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 6 / 16 / 2014
OPEN 102.04
HIGH 102.07
LOW 101.72
CLOSED 101.82
The third resistance (R3) 102.07 - ( 101.87 - 101.72 = 0.15 x 2 = 0.30 )= 102.37
The second Resistance (R2) 101.87 + 102.07 - 101.72 = 102.22
First resistance (R1) 101.87 x 2 = 203.74 - 101.72 = 102.02
pivot points 102.07 + 101.72 + 101.82 = 305.61 / 3 = 101.87
Support for the first (S1) 101.87 x 2 = 203.74 - 102.07 = 101.67
Support second (S2) 101.87 - ( 102.07 - 101.72 = 0.35 ) = 101.52
Third Support (S3) 101.72 - ( 102.07 - 101.87 = 0.20 x 2 = 0.40 )= 101.32
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pair- usd/jpy
chart analysis time frame- m15
http://i58.tinypic.com/2j428ep.jpg
the price is making double top chart pattern with equal high at the resistance 102.00 level but the rsi indicator is high to lower side. the price may falling to the support at 101.85 level then up movement can expected. hold the long entry with stop loss at 101.70
good luck
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http://prntscr.com/3tpolh
analysis for today 6 / 17 / 2014
USD/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 101.94
Retracement (50%) 101.90
retracement (61,8%) 101.85
Extensions (61.8%) 102.29
Extensions (100.0%) 102.42
Extensions (138.2%) 102.55
Extensions (161.8%) 102.64
calculation based on a Fibonacci retracement then today I choose buy
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http://prntscr.com/3twy6v
analysis for today 6 / 18 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 6 / 17 / 2014
OPEN 101.82
HIGH 102.22
LOW 101.81
CLOSED 102.14
The third resistance (R3) 102.22 - ( 102.06 - 101.81 = 0.25 x 2 = 0.49 )= 102.71
The second Resistance (R2) 102.06 + 102.22 - 101.81 = 102.47
First resistance (R1) 102.06 x 2 = 204.11 - 101.81 = 102.30
pivot points 102.22 + 101.81 + 102.14 = 306.17 / 3 = 102.06
Support for the first (S1) 102.06 x 2 = 204.11 - 102.22 = 101.89
Support second (S2) 102.06 - ( 102.22 - 101.81 = 0.41 ) = 101.65
Third Support (S3) 101.81 - ( 102.22 - 102.06 = 0.16 x 2 = 0.33 )= 101.48
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http://prntscr.com/3ty2kw
analysis for today 6 / 18 / 2014
USD/JPY
Resistance : R1 102.86 R2 103.11 R3 103.31 R4 103.61
Support : S1 101.51 S2 101.26 S3 101.06 S4 100.76
Open : 102.13
High : 102.26
Low : 102.11
Range : 15 Pips
Running Price : 102.26
Strategy : BUY at the level 102.26 stop loss at the level 101.51 target take profit at the level 103.31 or at the level 103.61