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http://prntscr.com/4cxr3j
analysis for today 8 / 15 / 2014
USD/JPY
Resistance : R1 103.20 R2 103.45 R3 103.65 R4 103.95
Support : S1 101.77 S2 101.52 S3 101.32 S4 101.02
Open : 102.45
High : 102.52
Low : 102.45
Range : 7 Pips
Running Price : 102.50
Strategy : BUY at the level 102.50 stop loss at the level 101.77 target take profit at the level 103.65 or at the level 103.95
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pair- usd/jpy
chart analysis time frame- m15
http://i61.tinypic.com/24nnt08.jpg
the price is moved to the fibo resistance 78.6 and the price is 102.60 level. this is rejecting up movement and price is making doji patterns. the rsi is also overbought side. if this is break the supporting trend line then make short entry with take profit at 102.30 and stop loss at 102.80
good luck
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http://prntscr.com/4d26jg
analysis for today 8 / 15 / 2014
USD/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 102.52
Retracement (50%) 102.48
retracement (61,8%) 102.44
Extensions (61.8%) 102.86
Extensions (100.0%) 102.99
Extensions (138.2%) 103.12
Extensions (161.8%) 103.20
calculation based on a Fibonacci retracement then today I choose buy
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Trading Signal - 15/08/2014 - 10:00 (GMT +3)
Instrument: USDJPY
60min CHART
Upwards Weak
The market is testing support at 102.30. We are waiting to see reversal signals in order to
reinstate LONG positions. Next important support the 102.10 level.
Support & Resistances
102.30 102.70
102.10 102.90
http://dl.dropbox.com/u/51561036/scr...815-231314.jpg
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http://prntscr.com/4dw7vj
analysis for today 8 / 18 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 8 / 15 / 2014
OPEN 102.45
HIGH 102.72
LOW 102.16
CLOSED 102.36
The third resistance (R3) 102.72 - ( 102.41 - 102.16 = 0.25 x 2 = 0.51
The second Resistance (R2) 102.41 + 102.72 - 102.16 = 102.97
First resistance (R1) 102.41 x 2 = 204.83 - 102.16 = 102.67
pivot points 102.72 + 102.16 + 102.36 = 307.24 / 3 = 102.41
Support for the first (S1) 102.41 x 2 = 204.83 - 102.72 = 102.11
Support second (S2) 102.41 - ( 102.72 - 102.16 = 0.56 ) = 101.85
Third Support (S3) 102.16 - ( 102.72 - 102.41 = 0.31 x 2 = 0.61
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http://prntscr.com/4dxtzf
analysis for today 8 / 18 / 2014
USD/JPY
Resistance : R1 103.01 R2 103.26 R3 103.46 R4 103.76
Support : S1 101.75 S2 101.50 S3 101.30 S4 101.00
Open : 102.33
High : 102.50
Low : 102.26
Range : 24 Pips
Running Price : 102.45
Strategy : BUY at the level 102.45 stop loss at the level 101.75 target take profit at the level 103.46 or at the level 103.76
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http://prntscr.com/4e1gja
analysis for today 8 / 18 / 2014
USD/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 102.51
Retracement (50%) 102.44
retracement (61,8%) 102.37
Extensions (61.8%) 103.07
Extensions (100.0%) 103.28
Extensions (138.2%) 103.49
Extensions (161.8%) 103.63
calculation based on a Fibonacci retracement then today I choose buy
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http://prntscr.com/4e8fhy
analysis for today 8 / 19 / 2014
USD/JPY
Resistance : R1 103.30 R2 103.55 R3 103.75 R4 104.05
Support : S1 101.90 S2 101.65 S3 101.45 S4 101.15
Open : 102.57
High : 102.65
Low : 102.55
Range : .10 Pips
Running Price : 102.62
Strategy : BUY at the level 102.62 stop loss at the level 101.90 target take profit at the level 103.75 or at the level 104.05
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http://prntscr.com/4e7nrm
analysis for today 8 / 19 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 8 / 18 / 2014
OPEN 102.33
HIGH 102.60
LOW 102.26
CLOSED 102.58
The third resistance (R3) 102.60 - ( 102.48 - 102.26 = 0.22 x 2 = 0.44 )= 103.04
The second Resistance (R2) 102.48 + 102.60 - 102.26 = 102.82
First resistance (R1) 102.48 x 2 = 204.96 - 102.26 = 102.70
pivot points 102.60 + 102.26 + 102.58 = 307.44 / 3 = 102.48
Support for the first (S1) 102.48 x 2 = 204.96 - 102.60 = 102.36
Support second (S2) 102.48 - ( 102.60 - 102.26 = 0.34 ) = 102.14
Third Support (S3) 102.26 - ( 102.60 - 102.48 = 0.12 x 2 = 0.24 )= 102.02
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pair- usd/jpy
chart analysis time frame- m15
http://i62.tinypic.com/ou9hqo.jpg
the rsi indicator is showing overbought as moving above the 70 level and the price is also at the daily resistance level two 102.82. this level may reject up movement and price will falling down side. short with the take profit at 102.50 and stop loss at 103.00
good luck