USD/JPY: Weekly and monthly pivot point and signal – for August 05 – 10, 2013
August 6, 2013 10:15 am
The Japanese yen again grew stronger during the U.S. session, breaking the 98.84 level. Looking at the graph of the pivots you may notice that the pair is below the weekly pivot level, it is likely to find support in 97.73 (W_S1). This level has had four consecutive sessions without being broken down. Therefore, it is recommended to buy in this area, and if the pair closes below this support level it could accelerate the fall until the 0.9649 level. So you could choose one of the charts as the input signal.
Signals for August 05 – 10, 2013
Buy if the pair rebounds around 97.73 and re-buy above 98.84 with take profits at 100.08 and 101.19 (W_R2), and stop loss is below 97.00.
The Japanese yen again grew stronger during the U.S. session, breaking the 98.84 level. Looking at the graph of the pivots you may notice that the pair is below the weekly pivot level, it is likely to find support in 97.73 (W_S1). This level has had four consecutive sessions without being broken down. Therefore, it is recommended to buy in this area, and if the pair closes below this support level it could accelerate the fall until the 0.9649 level. So you could choose one of the charts as the input signal.
Signals for August 05 – 10, 2013
Buy if the pair rebounds around 97.73 and re-buy above 98.84 with take profits at 100.08 and 101.19 (W_R2), and stop loss is below 97.00.
_____WEEKLY_____
Weekly – R3 = 102.4300
Weekly – R2 = 101.1900
Weekly – R1 = 100.08
Weekly Pivot = 98.8400
Weekly – S1 = 97.7300
Weekly – S2 = 96.4900
Weekly – S3 = 95.3800
____MONTHLY____
Monthly – R3 = 104.33
Monthly – R2 = 102.92
Monthly – R1 = 101.41
Monthly Pivot = 99.00
Monthly – S1 = 96.49
Monthly – S2 = 95.08
Monthly – S3 = 92.57
If you would like to get this indicator, feel free to contact me via skype: gerardofx or e-mail: [email protected]
The material has been provided by InstaForex Company – www.instaforex.com
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