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Daily Forecast
Pair: USDJPY
Major Trend: Bullish
Time Frame: H4
Reason: 115.51 Resistance has been penetrated with a nice yesterday. The correction has been completed in the area. RSI is above 50 and into the overbought area
Recommendation: Buy with a target of 116.42
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analysis for today 11 / 12 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 11 / 11 / 2014
OPEN 114.84
HIGH 116.12
LOW 114.63
CLOSED 115.79
The third resistance (R3) 116.12 - ( 115.51 - 114.63 = 0.88 x 2 = 1.77 )= 117.89
The second Resistance (R2) 115.51 + 116.12 - 114.63 = 117.00
First resistance (R1) 115.51 x 2 = 231.03 - 114.63 = 116.40
pivot points 116.12 + 114.63 + 115.79 = 346.54 / 3 = 115.51
Support for the first (S1) 115.51 x 2 = 231.03 - 116.12 = 114.91
Support second (S2) 115.51 - ( 116.12 - 114.63 = 1.49 ) = 114.02
Third Support (S3) 114.63 - ( 116.12 - 115.51 = 0.61 x 2 = 1.21 )= 113.42
Trading Signal - 12/11/2014 - 10:00 (GMT +2)
Instrument: USDJPY
Time : 60min CHART
Trend & Condition : Upwards Weak
The market is testing support at 115.00. We are waiting to see reversal signals in order to reinstate LONG positions, or
alternatively the upward break of the 116.00 resistance level. Next important support the 113.80 level.
Support & Resistances :
115.00 116.00
113.80 116.60
113.20 117.50
http://dl.dropbox.com/u/51561036/scr...112-210445.jpg
pair- usd/jpy
analysis time frame- m15
http://i61.tinypic.com/28i9lvp.jpg
the price is moving in the down trend channel pattern with having resistance at the 115.50 level and support at 114.80 level. the price up movement is also rejecting from the daily pivot point. short with profit target at 114.50 and stop loss at 115.80
good luck.
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 112.9267 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 115.9467 .
In other scenario if the price can break the support 112.9267 and get a bearish signals by a red dots then it’s expected to keep going south till the support of 111.2333 as the next weekly Pivot point.
http://bigimage.cz/photos/20010125980379376209403.gif .
Daily Forecast
Pair: USDJPY
Major Trend: NEUTRAL
Time Frame: H4
Reason: 161.8 Fibo has been broken. The price is now just a correction in the Fibo 100 (114.90). RSI is still above the line 50
Recommendation: Buy with a target of 116.17
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analysis for today 11 / 13 / 2014
Below is the formula to determine the pivot point, support and resistance.
Information candle USD/JPY on the date 11 / 12 / 2014
OPEN 115.80
HIGH 116.02
LOW 114.90
CLOSED 115.50
The third resistance (R3) 116.02 - ( 115.47 - 114.90 = 0.57 x 2 = 1.15 )= 117.17
The second Resistance (R2) 115.47 + 116.02 - 114.90 = 116.59
First resistance (R1) 115.47 x 2 = 230.95 - 114.90 = 116.05
pivot points 116.02 + 114.90 + 115.50 = 346.42 / 3 = 115.47
Support for the first (S1) 115.47 x 2 = 230.95 - 116.02 = 114.93
Support second (S2) 115.47 - ( 116.02 - 114.90 = 1.12 ) = 114.35
Third Support (S3) 114.90 - ( 116.02 - 115.47 = 0.55 x 2 = 1.09 )= 113.81
13 November 2014 USD/JPY: The USD/JPY pair continues its upwards journey while the bias remains northwards. The market is above the EMA 56 and the RSI period 14 is still above the level 50. In this kind of market, we do well to look for long opportunities in the context of an uptrend. That is when there are transitory pullbacks.
pair- usd/jpy
analysis time frame- m15
http://i62.tinypic.com/2ngziid.jpg
the price is having strong support at the pivot point 115.48 level. its up movement is rejecting from the 115.90 level and down side. if this is break support then its down movement may expected to the lower support at 114.92 level. short at 115.42 with stop loss at 115.82
good luck.
Moves dollar versus the yen within the minor ascending channel carrying the intraday trading range, while stochastic and moving average index provides 50 positive signs that support the continuation of the upward trend in the coming period, we are encouraged to continue the upward trend that tipping the following objectives reside around 118.40
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