Subscribethe pair below103.00
The JPYs weakness of late has been attributed to broad dollar strength and an economy calling for an end to their deflationary woes,
with ministers manipulating the strength to the currency and the G7 allowing it.
Thread: Usd/Jpy
the pair below103.00
The JPYs weakness of late has been attributed to broad dollar strength and an economy calling for an end to their deflationary woes,
with ministers manipulating the strength to the currency and the G7 allowing it.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
USD/JPY intraday: BEARISH Trend, consolidation in place.
Pivot@ 102.9
My choice: Trade SELL under 102.9 with targets @ 102.2 & 101.85 in extension.
Alternate choice conditions: Over 102.9 take a look for further up-side with 103.3 & 103.7 as targets.
Opinion: as long as the resistance at 102.9 is not brokein into, the threat of the break beneath 102.2 is always high.
---------- Post added at 07:47 PM ---------- Previous post was at 07:26 PM ----------
Last edited by edmar6969; 2013-05-20 at 05:23 PM.
usd/jpy market analysis on 20.05.2013 by using : average directional movement index
adx : 33.8895
+di : 14.7035
-di : 28.3243
timeframe : 1 hour
time : 1200
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After a week positive movement in USDJPY today morning it seen some selling pressure but it is suggested to buy from each dip in this currency pair , one can stay long above 102.6 for a target of 103.2 then next target is 103.7
Pivot levels today:
R3: 104.80
R2: 104.05
R1: 103.46
PP: 102.72
S1: 102.12
S2: 101.37
S3: 100.77
Comment: Price now is above the daily and weekly pivot levels, also it is above the 55 SMA, so more rising is expected.
Forecast: Price may rise to 104.05.
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Usd/jpy pivot levels by using fibonacci pivot indicator.
r1: 104.12
r2: 103.65
r3: 103.35
pivot : 102.88
s1: 102.40
s2: 102.11
s3: 101.63
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USD/JPY intraday: intraday support around 102.6
Pivot: 102.60.
Our preference: LONG positions above 102.6 with 103.3 & 103.7 as next targets.
Alternative scenario: The downside breakout of 102.6 will open the way to 101.85 & 101.25.
Comment: a support base at 102.6 has formed and has allowed for a temporary stabilisation.
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USDJPY,H1
Date 2013.05.20
Time 03:00
Spoiler:
Open 102.73
High 102.81
Low 102.69
Close 102.78
Volume 146
SMA(5) 102.83
SMA(10) 102.96
SMA(20) 102.75
SMA(50) 102.45
SMA(100) 102.25
SAR 103.22
Indicator window 1
Stoch(5,3,3) 60.6299
Signal 57.7523
Indicator window 2
RSI(14) 52.6061
Indicator window 3
MACD(12,26,9) 0.139
Signal 0.186
Indicator window 4
%R(14) -40.6250
based on combination of indicators above,
trend : NEUTRAL
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Usd/jpy analysis for 05.20.2012 by using pivot indicator.
r3: 103.52
r2: 103.09
r1: 102.68
pivot: 102.25
s1: 101.84
s2: 101.41
s3: 101.00
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we can see in the 1w chart
I see the pair will go to down way to 97.25
so our target sell from 102.73 and our target will 550pips
Good luck
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