SubscribeI see the pair will go to up way to 103.89
stochastic refers that the pair will go up
so our target buy from 102.89 and our target will 100pips
Good luck
Thread: Usd/Jpy
I see the pair will go to up way to 103.89
stochastic refers that the pair will go up
so our target buy from 102.89 and our target will 100pips
Good luck
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i am going to short this pair @ 103.00 right now
my stop loss of the day @ 103.33
my take profit of the day @ 102.66
and half @ 102.36
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see USDJPY pair market movements in H1 timeframe trend seems still moving up, but for forwarding confirmation will rise will depend whether later break resistant. when that happens is it will retrace support break before forwarding.
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Usd/jpy analysis for 05.17.13 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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usd/jpy technical analysis on 17.05.2013 based on : average directional movement index
adx : 24.2007
+di : 23.4359
-di : 11.8311
time : 1700
timeframe : 1 hour
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//////USD/JPY : the Trend remains bearish, there was bullish formation of Contracting triangle.
Our point spread is at the level of 102.00
-preference: BUY higher 102.00 with the target points 102.95 and 10345.
Alternative scenario: break down the level of 102.00 will open the way to 101.40 and 100.8.
Analysis : the RSI is mixed, rather bullish.///////
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The pair formed a very interesting situation, in the morning, she demonstrated the northern lights out from the bottom of the rising channel but prevents the further growth of a pair of inclined resistance level around which it is now consolidated, consider buying it at the break (above 102.70), which should lead to 103.50.
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102.45 is the zone for short-term buyers today. therefore I recommend you to put a buy order. with a target of up to 102.65, because it is still early in the European market movement causing movement happened yet so looks active, and to sell you should stop putting it on price 102.05
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USDJPY is in positive mood since last 3 days, and it will have more positive ness, so I am buying this currency pair for a target of 102.75 and then my next target is 103.2. If it break this level then again there will be fresh buying seen.
USD/JPY intraday: the bias remains bullish.
Pivot: 101.75.
Our preference: LONG positions @ 101.85 with 102.85 & 103.25 in sight.
Alternative scenario: The downside penetration of 101.75 will call for 101.25 & 100.8.
Comment: the pair has rebounded on its support and remains on the upside.
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