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For US dollar markets saw yesterday from the United States issued a change in jobless claims because of unemployment, which rose from 267 000 to 281 000 request on the weekly level slightly less than expected, which had been monitoring a height of 283 000 request on the same level and today At 3:30 pm GMT import price index will be released
And is forecast to decline by 0.4% on a monthly basis
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Technically dollar yen pair to be able to break through resistance levels are located at 120.36, opening the way for increasing the 121.40 area to form a rib D model is expected to be completed bat after a bilateral summit model failed to pair and we expect sales from the region 121.40 - 121.60 stop loss at 121.85 and targets at 120.30
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two evening star and shooting star candles are appearing near above stochastic hidden bullish divergence level 103.80 it means pair is facing difficulty to break below this divergence level which is indicating reversal as bullish will happen above this barrier
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If you want success is the ambition of every trader you should be patient and not rush to take action returns you to be negatively .labd Technical your analysis
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the chart is showing that the pair has succeeded in closing it's daily candle above level 120.16 , and that's mean the up trend is still standing and the pair might head to 121.20 and then 122.00
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Camarilla pivot point calculation and prediction of daily prices on forex trading
R4 = 120.16
R3 = 120.22
R2 = 120.24
R1 = 120.26
S1 = 120.30
S2 = 120.32
S3 = 120.34
S4 = 120.40
PAIR = USD/JPY
TIME= monday, april 13, 2015
IF BUY AT= 120.28
TP = 120.22
SL = 120.40
IF SELL AT= 120.24
TP = 120.34
SL = 120.16
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daily overview for Usd-Jpy
r3: 121.79
r2: 121.26
r1: 120.91
s1: 120.03
s2: 119.50
s3:119.15
the pair broke fibo 50 to up
so our trade for the pair is buy
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Released from the US economy reading import prices for the month of March / March, which showed a 0.3% decline compared with a rise of 0.2% last February, and so the current reading is higher than analysts' expectations, which pointed to a decline by 0.4%
Up: the price remains above the rising trend levels, and levels of support at 120.35 and trading prices above them is a chance to buy the objectives of up to 120.60 - 120.85
Downs: Breaking price support levels, and levels of uptrend at 120.25 and closing prices down them is the opportunity to sell the objectives of up to 120.00 - 119.75
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Trading Signal - 13/04/2015 - 10:00 (GMT +2)
Instrument: USDJPY
Time : 60min CHART
Trend & Condition : Upwards Weak
The TP1 was almost reached and the market is at risk of correcting lower cautioning us to move the stop loss higher(120.00). Provided the market conditions will remain the same the TP1 will be reached soon.
Support & Resistances :
120.20 120.80
119.90 121.20
119.40 121.60
http://dl.dropbox.com/u/51561036/scr...413-230534.png
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pair- usd/jpy
time frame to analysis- m15
http://i58.tinypic.com/ac8oys.jpg
the major trend of the price is down side and its break the daily support at 119.55 level and price making doji pattern. the rsi indicator is also at the oversold level 30 so up movement can expected. if this is break the resistance at 119.90 then long with profit target at 120.15
good luck
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daily overview for Usd-Jpy
r3: 121.85
r2: 121.35
r1: 120.73
s1: 119.61
s2: 119.11
s3: 118.49
the pair broke fibo 23down
so our trade for the pair is sell