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Thread: USD/JPY
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07-08-2013, 04:40 PM #16
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The pair continued the bullish trend organized inside the bullish channel that appears in the image, this channel supports heading towards the main waited targets between 103.00 and 103.90
EMA50 supports the bullish wave very well, which remains valid unless 100.20 was broken, as this break might force the price to visit 98.00 level.
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07-09-2013, 07:20 PM #17
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07-10-2013, 07:46 AM #18
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Yesterday market conditions is sideways , it indicates the market is consolidating at height point buy, analyzes of the analytical wave trend is overbought, and if price break the bottom trend line then the trend these days is going down
points to note is 100.83
at this point as to measure are the trend reversed
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07-11-2013, 03:08 PM #19
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USD JPY declined sharply to break the upside channel’s support line which carried the recent bullish wave, and the price is maneuvering now around the EMA50, which breaking below it a confirmation of more bearish bias on the intraday basis, and the next target is located at 98.70. We need to monitor today’s closing to confirm the next trend, and the key levels to watch are 99.25 support and 101.10 resistance.
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07-12-2013, 01:04 PM #20
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I think it will be down again and again to reach its down value we should sell from now to the end of the next week that what I see
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07-12-2013, 07:05 PM #21
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usd/jpy forecast today 12 july 2013
as we can see in H1 chart, this pair has hit the resistance area near 99.50 and has made a rebound to downward.
we can set short sell for this pair.
current price: 99.40
take profit: 98.60
stop loss: 99.70
good luck
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07-13-2013, 05:07 PM #22
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As we see in the following attached chart, there are two scenarios at the next week:
Up movements from 97.45 targeting 103.73. Stochastic support this bullish scenario expectation.
Down movements after breaching the strong support level which located @ 93.57, the target will be @ 87.29.
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07-18-2013, 09:34 AM #23
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Today USDJPY is showing bullish bias and staying up the psychological 100.0 line. So, i think if this pair breaks 100.50 and can stay upon this point then it will go for 103.75. So, watch the rally and buy this pair.