empty
 
 
13.08.2012 05:17 PM
USD/JPY - Weekly and Monthly Pivot Points and signals for August 13 - 17, 2012

The Pivot Point (PPV) is used as support and resistance at the same time; it is the first level that we observe. For this week the pivot points (weekly and monthly) for USD/JPY are: 78.39 weekly; 79.35 monthly.

The Japanese yen is located below the weekly pivot and bellow the Moving Average of 200 periods (blue). Therefore, taking into account the pivot points, we can conclude the following.
The price level is approaching the pivot; a close above this level may be the beginning of the upward trend until 79.04 weekly resistance R2.
Furthermore, it is possible that at the support level of 77.99 the pair can find a rebound towards 78.64.

 

Signal For 13 - 17 August 2012

Buy long above 78.39, take profit at 79.04, Stop Loss bellow weekly support of 77.99.

 

 ____WEEKLY_____
Weekly - R3 = 79.29
Weekly - R2 = 79.04
Weekly - R1 = 78.64
Weekly Pivot = 78.39
Weekly - S1 = 77.99
Weekly - S2 = 77.74
Weekly - S3 = 77.34

If you would like to get this indicator, feel free to adress me via e-mail: gerardo.porras@analytics.instaforex.com

If you like my Fundamental analysis, please vote for me, but first you must register at the portal MT5 for a vote to be valid. Thanks.

 

This image is no longer relevant

 

 ____MONTHLY____
Monthly - R3 = 84.64
Monthly - R2 = 80.86
Monthly - R1 = 79.49
Monthly Pivot = 78.71
Monthly - S1 = 77.34
Monthly - S2 = 76.56
Monthly - S3 = 75.19

This image is no longer relevant

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2025
Summary
Urgency
Analytic
InstaForex Analyst
Start trade
Gagnez sur les variations du cours des cryptomonnaies avec InstaForex.
Téléchargez MetaTrader 4 et ouvrez votre première transaction.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback