Usd/Jpy

http://prntscr.com/4ed4sh
analysis for today 8 / 19 / 2014
USD/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 102.47
Retracement (50%) 102.43
retracement (61,8%) 102.39

Extensions (61.8%) 102.81
Extensions (100.0%) 102.94
Extensions (138.2%) 103.07
Extensions (161.8%) 103.15
calculation based on a Fibonacci retracement then today I choose buy

the yen is not stopping from going up and up today until now.it has been moving since today morning with a nice momentum attracting traders to buy.i am wondering one thing after sitting all day long watching at the chart showing the activity of major currency pairs.when Jpy was going up with that same momentum Eur/Usd pair was coming down and the over all margin of difference in pips is almost the same since the trades started this morning.did anybody else noticed that?

Trading analysis for 20th August, 2014. In Daily chart USDJPY shows bullish trend. At present the price breaks 1st and 2nd resistance level and slightly below from the 2nd resistance level. The chart shows strongly bullish trend therefore next strong resistance level is 103.721.

Pivot: 102.784

Resistance levels

R1 103.050
R2 103.189
R3 103.455
R4 103.721

Support levels

S1 102.645
S2 102.379
S3 102.240
S4 102.101

Attachment 11142

man o man the traders are hitting it and living it large since yesterday the dollar is consolidating and is dominating the rest of the currencies tied with it particularly yen.its being uprising with a momentum since yesterday and is still going up.until now it has been a difference of more than 550 pips and dont know where it blows the whistle.any trader looking to rake in some good profit is advised to run into the Usd/Jpy pair right now

http://prntscr.com/4ekl1q
analysis for today 8 / 20 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 8 / 19 / 2014
OPEN 102.57
HIGH 102.93
LOW 102.53
CLOSED 102.91

The third resistance (R3) 102.93 - ( 102.79 - 102.53 = 0.26 x 2 = 0.52 )= 103.45
The second Resistance (R2) 102.79 + 102.93 - 102.53 = 103.19
First resistance (R1) 102.79 x 2 = 205.58 - 102.53 = 103.05
pivot points 102.93 + 102.53 + 102.91 = 308.37 / 3 = 102.79
Support for the first (S1) 102.79 x 2 = 205.58 - 102.93 = 102.65
Support second (S2) 102.79 - ( 102.93 - 102.53 = 0.40 ) = 102.39
Third Support (S3) 102.53 - ( 102.93 - 102.79 = 0.14 x 2 = 0.28 )= 102.25

http://prntscr.com/4ejfg8
analysis for today 8 / 20 / 2014

USD/JPY

Resistance : R1 103.65 R2 103.90 R3 104.10 R4 104.40
Support : S1 102.25 S2 102.00 S3 101.80 S4 101.50

Open : 102.92
High : 103.00
Low : 102.90
Range : 10 Pips
Running Price : 102.95

Strategy : BUY at the level 102.95 stop loss at the level 102.25 target take profit at the level 104.10 or at the level 104.40

Usd/Jpy finally breaking 103 and and is still climbing.the bullish trend is encouraging traders to keep on buying.i am pretty much engaged with this pair since yesterday morning when i was looking at the chart as the pair was moving upwards with a steady momentum.the prices of gold and euro are not consolidating giving this pair an extra hand.

there is a resistance at 103.44and i don't think that the price could break it now that's why i advise you to put a sell limit order at 103.44 with stop loss at 103.6 and take profit at 103.09.
CCI indicator is in a overbought condition which make us more sure.
http://i.imgur.com/qlnIUBZ.png

http://prntscr.com/4eoxw0
analysis for today 8 / 20 / 2014
USD/JPY (Daily Trade)
I think the movement is still in a bullish trend
retracement (38.2%) 102.78
Retracement (50%) 102.73
retracement (61,8%) 102.68

Extensions (61.8%) 103.18
Extensions (100.0%) 103.33
Extensions (138.2%) 103.48
Extensions (161.8%) 103.58
calculation based on a Fibonacci retracement then today I choose buy

Trading Signal - 20/08/2014 - 10:00 (GMT +3)
Instrument: USDJPY
60min CHART
Upwards Weak
Waiting for a retracement lower towards the 103.00 support level, in order to reinstate LONG positions.
Support & Resistances
03.00 103.50
102.80 -
102.60 103.30

http://dl.dropbox.com/u/51561036/scr...821-023524.jpg