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USDJPY MIDDAY OUTLOOK 21-07-2014
Zero change in USD/JPY's take on life. The choppy decline from 102. 79 could extend lower and could break 101. summer support. However, we all don't seen ample momentum to push through 100. 61/82 important factors support zone. Therefore, in that circumstance, strong support should be seen around 100. 61/82 to bring reversal. Meanwhile, over 101. 79 will turn bias time for the upside for 102. 26 and above to extend the consolidation from 100. 75.
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http://prntscr.com/4524nz
analysis for today 7 / 22 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 7 / 21 / 2014
OPEN 101.32
HIGH 101.39
LOW 101.18
CLOSED 101.39
The third resistance (R3) 101.39 - ( 101.32 - 101.18 = 0.14 x 2 = 0.28 )= 101.67
The second Resistance (R2) 101.32 + 101.39 - 101.18 = 101.53
First resistance (R1) 101.32 x 2 = 202.64 - 101.18 = 101.46
pivot points 101.39 + 101.18 + 101.39 = 303.96 / 3 = 101.32
Support for the first (S1) 101.32 x 2 = 202.64 - 101.39 = 101.25
Support second (S2) 101.32 - ( 101.39 - 101.18 = 0.21 ) = 101.11
Third Support (S3) 101.18 - ( 101.39 - 101.32 = 0.07 x 2 = 0.14 )= 101.04
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http://prntscr.com/456wou
analysis for today 7 / 22 / 2014
USD/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 101.26
Retracement (50%) 101.29
retracement (61,8%) 101.31
Extensions (61.8%) 101.05
Extensions (100.0%) 100.97
Extensions (138.2%) 100.89
Extensions (161.8%) 100.84
calculation based on a Fibonacci retracement then today I choose sell
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http://prntscr.com/45eg17
analysis for today 7 / 23 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 7 / 22 / 2014
OPEN 101.38
HIGH 101.60
LOW 101.34
CLOSED 101.45
The third resistance (R3) 101.60 - ( 101.46 - 101.34 = 0.12 x 2 = 0.25 )= 101.85
The second Resistance (R2) 101.46 + 101.60 - 101.34 = 101.72
First resistance (R1) 101.46 x 2 = 202.93 - 101.34 = 101.59
pivot points 101.60 + 101.34 + 101.45 = 304.39 / 3 = 101.46
Support for the first (S1) 101.46 x 2 = 202.93 - 101.60 = 101.33
Support second (S2) 101.46 - ( 101.60 - 101.34 = 0.26 ) = 101.20
Third Support (S3) 101.34 - ( 101.60 - 101.46 = 0.14 x 2 = 0.27 )= 101.07
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http://prntscr.com/45j3ro
analysis for today 7 / 23 / 2014
USD/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 101.44
Retracement (50%) 101.47
retracement (61,8%) 101.50
Extensions (61.8%) 101.18
Extensions (100.0%) 101.08
Extensions (138.2%) 100.98
Extensions (161.8%) 100.92
calculation based on a Fibonacci retracement then today I choose sell
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The USD/JPY correct 23, July 2014
USD/JPY (a 4-hour chart)ive gains fell to the downward trend line 101.60.
The price is finding the support 101.00. The price is finding the first resistance at 101.60, the next one is at 102.23.
Trading recommendations
The volumes which gave the pair a chance to go up to the 101.60 trendline have formed a divergence. The level of 101.60 breakthrough, where the trading is being continued now, opens the way to the level of 102.23.
http://dl.dropbox.com/u/51561036/scr...723-233025.jpg
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the pair now is trading in the triangle decree below. that's why we should wait and see the breakout. In my opinion the pair will break the lower trend line and continue going down till the 101.08 level.
http://i.imgur.com/27AQlyx.png
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http://prntscr.com/45r3lc
analysis for today 7 / 24 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 7 / 23 / 2014
OPEN 101.46
HIGH 101.55
LOW 101.32
CLOSED 101.48
The third resistance (R3) 101.55 - ( 101.45 - 101.32 = 0.13 x 2 = 0.26 )= 101.81
The second Resistance (R2) 101.45 + 101.55 - 101.32 = 101.68
First resistance (R1) 101.45 x 2 = 202.90 - 101.32 = 101.58
pivot points 101.55 + 101.32 + 101.48 = 304.35 / 3 = 101.45
Support for the first (S1) 101.45 x 2 = 202.90 - 101.55 = 101.35
Support second (S2) 101.45 - ( 101.55 - 101.32 = 0.23 ) = 101.22
Third Support (S3) 101.32 - ( 101.55 - 101.45 = 0.10 x 2 = 0.20 )= 101.12
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http://prntscr.com/45u2v4
analysis for today 7 / 24 / 2014
USD/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 101.46
Retracement (50%) 101.44
retracement (61,8%) 101.41
Extensions (61.8%) 101.69
Extensions (100.0%) 101.78
Extensions (138.2%) 101.87
Extensions (161.8%) 101.92
calculation based on a Fibonacci retracement then today I choose buy
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The price hits the higher level of donchin channel on the USDJPY chart to perform a probably of bearish trend start by today As you can see the price is actually moving at bullish trend because of the up channel for today About the Awesome oscillator there are a bearish sign by having a red colored bars located above the 0 th level A quick look to the stostatic can inform you by a sell signal as the price near the level of 80 and there is a bearish cross between the two lines As a result of the previous signals I can bet on the bearish side by taking a sell trades wishing that the price reach the low edge of Donchin level which can be used as a good area for closing sell trades in profit http://imagizer.imageshack.com/img742/5607/df5780.png