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the USDJPY pair is now moving at a bearish trend which can be recognized by the down red arrow above the price and at the same time you can monitor the sell cross between the snake and T3_clean on the 1H chart Now to define the levels which may affect the direction you can use the support level at 107.65 as a good area to claim the profits or keep selling if the price breaks it down while on the other hand the level 108.35 could be used as a resistance which the stop loss level can be set Finally selling can be the right decision for now until an opposite buy cross occurs on the indicators or a blue up arrow is shown http://bigimage.cz/photos/20010105978663158560606.gif .
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pair- usd/jpy
analysis time frame- m30
http://i57.tinypic.com/30wo55u.jpg
the price movement in the up trend side but its rejecting from the resistance at 108.30 level the rsi is also moving down side. this down movement is hold at the pivot support 107.89 level. if this is break 107.50 then short with take profit at 106.80 and stop loss at the 108.90
good luck
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The 61.8 level of fibonacci ratios at 108.21 will stop this upside mouvemen, that's why I advise you to look only for short opportunities.
http://i.imgur.com/bDqN4KP.png
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1 Attachment(s)
Weekly forecast: USDJPY 27-31 Oct. 2014
Technical analysis for weekly forecast for USDJPY 27-31 Oct. 2014. In weekly chart USDJPY shows bullish trend. At present USDJPY breaks 1st resistance level and going towards the 2nd resistance level. If 2nd resistance level breaks then next strong resistance level is 110.435.
Pivot: 106.942
Resistance levels
R1 107.640
R2 109.038
R3 109.736
R4 110.435
Support levels
S1 105.544
S2 104.846
S3 103.448
S4 102.051
Attachment 12002
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I think that we should wait and see if the price will break the resistance level at 108.23 than we get in long position with take profit at 108.99.
http://i.imgur.com/HWY8CrX.png
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the price seems to move in downward trend today on the USDJPY chart as there are a red dots above the bars and as long as the price keeps lower than the strong resistance of 107.9233 which is also the weekly Pivot point then it seems that the price may keep going south till it can hit the weekly pivot support at 105.5133 .
In other scenario if the price can break the resistance 107.9233 and get a bullish signals by a blue dots then it’s expected to keep going north till the resistance of 108.9667 as the next weekly Pivot point.
http://bigimage.cz/photos/20010108978911059963922.gif .
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The price is moving above the wave of EMA indicators to perform a shape of bullish direction through the day at the chart of USDJPY pair And with a buy signal showing on the RSI indicator which have the line going above the center line of 35 This also can be merged with the data of Macd indicator as you can see the green lines is heading up to inform that the market bulls have the control at the market for the current period Then I think going with the bulls at the current day and keep at the market until another sell signals shown on the chart by getting the price below the wave of EMA indicators.
http://bigimage.cz/photos/20010108978911569608282.gif .
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1 Attachment(s)
Daily forecast: USDJPY 27 Oct. 2014.
Technical analysis for Daily forecast of USDJPY 27 October, 2014. In Daily chart USDJPY shows bearish trend. At present USDJPY below the pivot point and going towards the 1st support level. If 1st support level breaks then next strong support level is 107.099.
Pivot: 108.071
Resistance levels
R1 108.370
R2 108.594
R3 108.893
R4 109.191
Support levels
S1 107.847
S2 107.548
S3 107.324
S4 107.099
Attachment 12021
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According to the chart of USDJPY there are a main down trend signal as the 2 EMA 5 and 6 moving below the slow EMA of 35 then I guess I will take a sell positions once the other indicators confirm the bearish direction.
There are a dots above the candles for parabolic sar indicator to indicate a downward direction and also I can monitor a sell signal on the MACD indicator which moving below the level 0 for now beside the CCI line is at the lower level to perform a downward signal.
As I said before according to the EMA locations selling is my favorite side for today as long as the price didn’t show any opposite bullish signals.
http://bigimage.cz/photos/20010108978941490172537.gif .
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The price hits the lower level of donchin channel on the USDJPY chart to perform a probably of bullish 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 below the 0 th level A quick look to the stostatic can inform you by a sell signal as the price near the level of 20 and there is a bearish cross between the two lines As a result of the previous signals I can bet on the bullish side by taking a buy trades wishing that the price reach the high edge of Donchin level which can be used as a good area for closing buy trades in profit http://bigimage.cz/photos/20010108978941531214123.gif