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April 1, 2015 update:
The price of the pair moves starting wave (118.33) It is noted that the limits of the line the main direction drawn to this wave along the between-level (120.44) and (119.82 is worth mentioning that the current wave goal access to the area (121.20) and with respect to trades that day will be watching the movement Price among level (120.42) and level (120.27) to seize the opportunity of early entry, technical studies indicate that in the case of a sale, the nearest level can be tested is (119.78) 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 (120.36) 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 (119.82) - the second support (119.51) - First resistance (120.40) - a second resistance (120.68).
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pair- usd/jpy
time frame to analysis- m15
http://i58.tinypic.com/t5ittf.jpg
the price and the macd indicator both are making higher to high but its may not able to break the higher resistance at 120.30 level and will again down side. if this is moved below the 120.00 then short with take profit at 119.50 level with stop loss at 120.67
good luck
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The results of the pivot point calculations based on daily time frame prediction and analysis of price movements
Pair = USDJPY
Thursday, April 02, 2015
High = 120.32
Low = 119.41
Close = 119.73
Pivot Point Result
R3 = 121.14
R2 = 120.73
R1 = 120.23
PP = 119.82
S1 = 119.32
S2 = 118.91
S3 = 118.41
analysis of price movements
If Buy Limit at = 119.23
TP = 120.32
SL = 118.82
IF Buy Stop at = 119.64
TP = 120.64
SL = 119.41
If Sell Limit at = 120.32
TP = 119.23
SL = 120.82
If Sell Stop at = 119.41
TP = 119
SL = 119.91
Trend = Neutral
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Camarilla pivot point calculation and prediction of daily prices on forex trading
R4 = 119.17
R3 = 119.42
R2 = 119.50
R1 = 119.59
S1 = 119.75
S2 = 119.84
S3 = 119.92
S4 = 120.17
PAIR = USD/JPY
TIME= thursday, april 02, 2015
IF BUY AT= 119.67
TP = 119.42
SL = 120.17
IF SELL AT= 119.51
TP = 119.92
SL = 119.17
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despit that the main trend is bullish the pair is in accumulation distribution phasis between the resistancelevel at 121.510 and the support level at 118.422 the price has bounced from the support level and the main thecnical indicator still bullish fro this day the daily pivot level is at 119.821 the daily support level is at 119.327 , 118.916 , 118.422 the daily resistance level is at 120.232 , 120.726 , 121.137
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Daily Forecast
Pair: USDJPY
Major Trend: Bearish
Time Frame: H1
Reason: If the market is the first break of support at 119.48, then the market will be a correction in the second support at 119.26. However predictable, they will touch the daily pivot point.
Recommendation: Sell limit in 119.83
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For Lin Japanese markets have seen yesterday the issuance of industrial Altnken Index and Non-Manufacturing where industrial index steady record by 12-level quarterly Unlike expectations, which had been monitoring a rise to 14 at the same level in return was non-manufacturing index rose from 16 to 19 level quarterly and better than expectations, which had been monitoring a rise to only 17 at the same level
Vinyaartd the US dollar against the Japanese yen again from levels close to regions trend upper price channel bearish formed on the frame of four hours for the pair, and now has become a sales forecast significantly stronger after the fulcrum pair lowest average simple 120 and configure traffic levels for the two summits underneath, and is now waiting for a signal sales, which are line with the pair broke the neck of the model Dubl top shown on the chart and build them is to go short with a broken 119.40 levels targeting 119.00 and 118.40 zones
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My friend yesterday we job market was not produce a good results and unemployment increase but we are waiting for the NFP report because it will show us the proper guide line of the USDJPY, I think Federal Reserve will not increase the bank rate soon because they are awaiting for the USA market stability.
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daily forecast
Pair: USDJPY
Major Trend: sideways
Time Frame: H1
Reason: There was a divergent pattern, the possibility of the market will lead down to retest support at 119.51.
Recommendation: Sell with a target of 119.51
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Recent economic data in the United States were disappointing because of the climate is seasonal for the month of February, and labor disputes on the west coast. "" Settled / JPY USD / JPY USD pair within a limited scope. Report non-farm payroll next could boost the purchase of $ husband / JPY USD / JPY. "" However, the US stocks weak and limited liquidity of the dollar may not strengthen support for the dollar, it may be the upper limit for the pair USD / JPY USD / JPY limited around the level of 121.00. " "Market Committee Federal Open meeting for the month of March, which pointed to a slower pace to raise interest rates by the Federal Reserve could undermine the US dollar Minutes."
Up: the price remains above levels uptrend, and Vebo 50% at 119.60 and trading prices above them
Is an opportunity to buy the objectives of up to 119.90 - 120.10
Downs: Breaking the rising price trend levels, and Vebo 50% at 119.60 and closing prices down them
Is the opportunity to sell the objectives of up to 119.30 - 119.00
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