Thread: Usd/Jpy
As you see in my following attached chart, the pair was traded between a high of 98.52 and a low of 97.62, closed at 98.14. Today the pair trades above the Fibonacci retracement of 61.8% at the price of 98.25.
Upside Scenario: USDJPY could rise into the levels of 99.20 then 99.60, the Fibonacci retracement of 61.8% at the price of 98.25 holds.
Downside Scenario: A break below the Fibonacci retracement of 61.8% at the price of 98.25 could mean a decline to the levels of 97.70, then 97.00
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time frame- M30
the price is break the resistance at 98.65 and move up side. it is also break the second level of resistance at 99.00 but now it is try to make some down movement. if the price is close below the 99.00 we can short with the target 98.65 and stop loss is 99.50
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hi
how are you
we can see in the 4h chart
the pair can close up the up trend line
i see the pair will go to up way to 100.15
stochastic refers that the pair will go up
so our target buy from 99.15 and our target will 100pips
Good luck
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From 12:06 19-Apr-2013 GMT
Till 16:06 19-Apr-2013 GMT
Buy
Buy at 99.26
Take profit* at 99.68
Stop loss at 98.98
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USD / JPY today took an important application for the northern growth rate was able to overcome the strong area of the upper fractal (Resistance 98.46) - that was the signal for recovery of the northern trend now shows the rate of growth of a strong northerly, the purpose of today could easily become a resistance area around 100.00 figure.
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From 06:44 19-Apr-2013 GMT
Till 10:44 19-Apr-2013 GMT
Sell
Sell at 98.88
Take profit* at 98.42
Stop loss at 99.22
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today i like to sell this pair @ 99.50 to 99.90 range
my stop loss of the day @ 100.10
half take profit @ 99.10
and half @ 98.65
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The desire to win back the yen cast position. A couple of times today fell to 97.80/90 area and each time bounced, but not rise above 98.50 could have been a false breakdown level of 97.70. Will she overcome barriers and set to break even in some of the parties, the indicators give conflicting signals in both directions, at H4 orientation to the north, D1 is leaning to the south.
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Pivot levels today:
R3: 99.45
R2: 98.97
R1: 98.55
PP: 98.08
S1: 97.64
S2: 97.18
S3: 96.74
Comment: Price now is above the daily and weekly pivots, also there is an upword trend @ 1H time frame, so more rising is predicted.
Forecast: Price will go up to 100.66, but if it can break 98.55 level, this will open the way to more fall to 96.92.
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You can see this image below, price break through Resistant 1. It indicate to Resistan 2. So you can Buy from resistant 1 and take Profit Resistant 2 with stop Loss Pivot area
Spoiler:
Tf :H1
Daily Info Usd/Jpy :
Support 1: 97.68
Support 2: 97.20
Support 3: 96.78
pivot: 98.10
Resistant 1: 98.58
Resistant 2: 99.00
Resistant 3: 99.48
Analysis for today's 04-19-2013
%Happy trading%
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.
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