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Weekly forecast: USDJPY 03-07 Nov. 2014
Technical analysis for weekly forecast for USDJPY 03-07 Nov. 2014. In weekly chart USDJPY shows bullish trend. At present USDJPY above the pivot point and going towards the 1st resistance level. If 1st resistance level breaks then next strong resistance level is 122.120.
Pivot: 110.805
Resistance levels
R1 114.017
R2 115.695
R3 118.907
R4 122.120
Support levels
S1 109.127
S2 105.915
S3 104.237
S4 102.560
Attachment 12156
the price seems to move in upward trend today on the USDJPY chart as there are a blue dots below the bars and as long as the price keeps higher than the strong support of 112.3733 which is also the weekly Pivot point then it seems that the price may keep going north till it can hit the weekly pivot resistance at 112.8533 .
In other scenario if the price can break the support 112.3733 and get a bearish signals by a red dots then it’s expected to keep going south till the support of 112.4367 as the next weekly Pivot point.
http://bigimage.cz/photos/20010115979519427150151.gif .
http://vvcap.net/db/hZVDUJAyUYHaxJpfMTGH.png
Pair : USDJPY
Major Trend : Bullish
Time Frame : Daily
Reason : 423.6 Fibonacci already broken,. will seek the support pivot point or one that had previously been resistance to correction.
Recomm. Poss : Sell limit in resistance 1 (112.60) or 2 (113.38)
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analysis for today 11 / 3 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 10 / 31 / 2014
OPEN 109.24
HIGH 112.50
LOW 109.20
CLOSED 112.35
The third resistance (R3) 112.50 - ( 111.35 - 109.20 = 2.15 x 2 = 4.30 )= 116.80
The second Resistance (R2) 111.35 + 112.50 - 109.20 = 114.65
First resistance (R1) 111.35 x 2 = 222.70 - 109.20 = 113.50
pivot points 112.50 + 109.20 + 112.35 = 334.05 / 3 = 111.35
Support for the first (S1) 111.35 x 2 = 222.70 - 112.50 = 110.20
Support second (S2) 111.35 - ( 112.50 - 109.20 = 3.30 ) = 108.05
Third Support (S3) 109.20 - ( 112.50 - 111.35 = 1.15 x 2 = 2.30 )= 106.90
Daily forecast: USDJPY 03 Nov. 2014.
Technical analysis for Daily forecast of USDJPY 03 November, 2014. In Daily chart USDJPY shows bullish trend. At present USDJPY above the pivot point and going towards the 1st resistance level. If 1st resistance level breaks then next strong resistance level is 118.940.
Pivot: 111.335
Resistance levels
R1 113.487
R2 114.635
R3 116.787
R4 118.940
Support levels
S1 110.187
S2 108.035
S3 106.887
S4 105.740
Attachment 12192
pair- usd/jpy
analysis time frame- m15
http://i58.tinypic.com/icre6o.jpg
the price is in the up trend side and break the daily resistance at 113.49 level. the rsi is at the overbought side as moving at the level 70. if this is break support at 113.20 level then make short entry with profit target at 111.30 and stop loss at 114.00
good luck
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analysis for today 11 / 3 / 2014
USD/JPY (Daily Trade)
I think the movement is still in a bearish trend
retracement (38.2%) 110.46
Retracement (50%) 110.85
retracement (61,8%) 111.24
Extensions (61.8%) 107.16
Extensions (100.0%) 105.90
Extensions (138.2%) 104.64
Extensions (161.8%) 103.86
calculation based on a Fibonacci retracement then today I choose sell
the price seems to move in upward trend today on the USDJPY chart as there are a blue dots below the bars and as long as the price keeps higher than the strong support of 109.1167 which is also the weekly Pivot point then it seems that the price may keep going north till it can hit the weekly pivot resistance at 113.986 .
In other scenario if the price can break the support 109.1167 and get a bearish signals by a red dots then it’s expected to keep going south till the support of 105.9233 as the next weekly Pivot point.
http://bigimage.cz/photos/20010116979603328131124.gif .
Daily forecast: USDJPY 04 Nov. 2014.
Technical analysis for Daily forecast of USDJPY 04 November, 2014. In Daily chart USDJPY is flat. At present USDJPY on the pivot point. It is important to break support or resistance levels to identify the trend. Previous record shows USDJPY strongly bullish trend.
Pivot: 113.596
Resistance levels
R1 114.611
R2 115.207
R3 116.222
R4 117.236
Support levels
S1 113.000
S2 111.985
S3 111.389
S4 110.792
Attachment 12225
http://vvcap.net/db/r1G6O1CXrPHms1hAEhdl.png
Daily Forecast
Pair : USDJPY
Major Trend : BULLISH
Time Frame : Daily
Reason : Trend will be heading to the Fibonacci 161.8 (115.52),. But be wary of the gap has not closed on the opening day of the market Monday, October 3rd, 2014.
Recomm. Poss : Buy Limit at the pivot point 113.61