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JPY pair again went to the tight level of resistance of 120.95, which is already struggled several times to the south, the daily Ichimoku chart shows the signal three signal lines continue to grow, I'm still waiting for a breakthrough 122.00 to cart.
March 23, 2015 update:
The price of the pair moves starting wave (121.20) It is noted that the limits of the line the main direction drawn to this wave along the between-level (120.20) and (120.03 is worth mentioning that the current wave goal access to the area (119.31) and with respect to trades that day will be watching the movement Price among level (119.57) and level (120.39) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can be tested is (119.90) In the case of increased sales to close four hours below this level, the downward trend will continue, On the other hand, in the case of purchases is the closest level to be tested is (121.20) In the case of increasing purchases four-hour closing candle above this level, the upward trend will continue, support and resistance levels are as follows: support first (119.57) - the second support (119.09) - First resistance (120.88) - a second resistance (121.69).
Daily Forecast
Pair: USDJPY
Major Trend: Bearish
Time Frame: H1
Reason: If the market can break below 119.57, then headed straight down the price, however, if the market penetrates 119.88, then the market will be towards the pivot point at 120.37
Recommendation: Sell stop at 119.50 or, Buy limit on the price of 119.90
the chart is showing that the pair is trading under level 119.81 , that's mean the down trend is standing and the pair might reach 118.81 , but if the pair succeeded in breaking 118.81 , it will head to 120.90 and then 1210.50
March 24, 2015 update:
The price of the pair moves starting wave (121.20) It is noted that the limits of the line the main direction drawn to this wave along the between-level (119.13) and (120.17 is worth mentioning that the current wave goal access to the area (119.31) and with respect to trades that day will be watching the movement Price among level (119.17) and level (119.41) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can be tested is (119.59) In the case of increased sales to close four hours below this level, the downward trend will continue, On the other hand, in the case of purchases is the closest level to be tested is (120.17) In the case of increasing purchases four-hour closing candle above this level, the upward trend will continue, support and resistance levels are as follows: support first (119.47) - the second support (119.24) - First resistance (120.05) - a second resistance (120.40).
pair- usd/jpy
time frame to analysis- m15
http://i60.tinypic.com/zxvkx.jpg
the major trend of the price is down side but its may correction side from the support at 119.28 level. the rsi is also up side from the oversold level 30. this up movement may to the pivot point at 119.81 then again down side. hold the short entry with stop loss at 119.95
good luck
The pair appears against the yen traded narrowly shy of supporting the shaded side-band image above level, and whose limbs 119.30 support and resistance 121.83, and as we pointed out in our last report, the price needs to break through one of these levels to determine the next destination, more precisely, which keeps the control range Lateral based on intraday trading.
We recall that break the above mentioned support will push the price to move toward levels start at 117.90 and extends to 115.50 in case of breaking the previous level, while the penetration resistance is a positive factor supporting the continuation of the bullish trend that next year its target resides at 124.00.
Expected trading range for today is between: Support and Resistance 118.70 120.70
Daily Forecast
Pair: USDJPY
Major Trend: Bullish
Time Frame: H1
Reason: Market managed to penetrate and get to the top of the first support at 119.60, selanutnya market is predicted to arrive at 120.03, to end today.
Recommendation: Buy
Basic levels of USD/JPY:
121.00: Medium sales offers, stop orders.
120.66: Fibonacci retracement level of 50% of the movement descending from 122.03 to 119.30.
120.50: Sentry sale offers.
120.31: moving average to close to 21 days.
120.00: medium-sale offers.
119.87: the highest level for the pair throughout the day.
119.30: The lowest level of the husband on March 18.
119.10: moving average to close 55 days.
119.00: Sentry purchase orders, stop orders.
118.76 / 71: a moving average to close 100 days.
118.50: Buy requests medium.
118.30: the lowest level for the pair on 20 February
pair- usd/jpy
time frame to analysis- m15
http://i58.tinypic.com/104rl9z.jpg
the price is making higher to low and the break the support at 119.50 level. the rsi at the level 30 but the price having lower support at 119.30 level. hold the short entry with stop loss at 119.85 and profit target at 119.35
good luck
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