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Posted in USDJPY |

USDJPY Analysis 2013-05-30


4XEagleEye Chart

2013.05.30 [Forex | US Dollar vs Japanese Yen] We see better value in short positions. If the price will go below the first support at (100.82), this would confirm continuation of the bearish trend, towards next objective downwards (100.65) then (100.39) and (99.64) will follow.You may try to sell from (101.29), (101.45), and (102.20) with a stop loss above (102.62).

Market Snaphoot 1 Market Snapshots


Summary

Direction

Moving Avg.

Indicators.
88%
Reversal Prob.
Oscillator Candle Harmonic
101.29 101.45 102.20 102.52 102.72
100.82 100.65 100.39 99.64 98.58
Hourly Alerts
MA Penetrated 2 hours ago USDJPY has closed below 30 SMA. This reflects supply forces victory on short term technical outlook.
Sup/Res Penetrated 3 hours ago USDJPY had penetrated the important level at (101.29)
MA Penetrated 4 hours ago USDJPY has closed below 100 SMA. This reflects supply forces victory on short term technical outlook.
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