Thread: Usd/Jpy
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The USDJPY more to look down again if truly the seller also can move again bellow the 98.96. look, at the morning today, we see that 98.96 was break down by seller, and yes, if next price can break down again to 98.96 take action to sell is still good act then
Hi,,
in the chart 1h we can see the pair will go to down way in the future
I see the pair will go to 96.81
I expect from this analyze that the price will go to down way
so sell from 98.24 to 96.81
good luck
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USDJPY,H1
Date 2013.06.27
Time 13:00
Open 98.15
High 98.15
Low 98.05
Close 98.09
Volume 87
SMA(5) 98.11
SMA(10) 97.93
SMA(20) 97.81
SMA(50) 97.74
SMA(100) 97.78
SAR 97.70
Indicator window 1
Stoch(5,3,3) 62.6943
Signal 67.6824
Indicator window 2
RSI(14) 61.3578
Indicator window 3
MACD(12,26,9) 0.110
Signal 0.054
Indicator window 4
%R(14) -33.7500
based on combination of indicators above,
trend : BULLISH
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.
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 slowly starting to gain purchase as 4-hour chart is clearly visible retreat from the medium-term support level slope, the pair clearly feels this level and below that the course is not allowed.
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The following data is predicted based on indicators that we use for the currency pair USDJPY today, for today's resistance levels as follows: RI (98.41) R II (98.78) R III (99.27). and to this day support levels as follows: SI (97.04) S II (96.68) S IIII (96.17)
recommendation:
bullish uptrend is likely to continue until the price towards R III, my recommendation is to buy
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Our preference: SHORT positions @ 98.2 with 97.2 & 96.8 as next targets.
Alternative scenario: The upside penetration of 98.3 will call for a rebound towards 98.7 & 99.25.
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yen Back to bad old days with 20 pip ranges, There are no changes in my technical outlook. On the upside, key resistance is seen around 99.30. A clear break and daily close above that area would activate my bullish mode. On the downside, a clear break back below 96.85/70 would keep the bearish correction scenario remains valid. I still prefer to stand aside for now and wait for further development
Last edited by fxabdulrehman; 2013-06-27 at 12:26 PM.
USD JPY remains fluctuating between the technical patterns levels that appear in the image, which are represented by the minor head and shoulders line at 96.95, and the inverted head and shoulders line at 98.65, thus, we continue in monitoring the price behavior according to these levels to confirm the next trend accurately. More details about the waited targets are explained in our previous report.
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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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