USDJPY Daily outlook | Auto Forex Trading

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USDJPY Daily Technical Outlook

Date: 2010.03.11

USDJPY is heading upward as long as it remains above (89.63) any four hours close above (91.01) will open the way for the pair to test the next resistance level at (91.81). Any four hours bare close below (89.63) will change pair`s direction. Traders should consider buying every depth with a stop loss at (89.63).

Resistance	91.01	91.81	93.77	94.54	95.83
Support	90.05	89.62	88.98	88.54	88.12

Daily 200 SMA

91.92 (Bearish)

Daily 100 SMA

90.14 (Bullish)

Daily 50 SMA

90.55 (Bearish)

Daily Stochastic

82.03 (Overbought)

10 Days ATR

0.89

Hourly Alerts

USDJPY MACD Bearish Turning Point
11 Mar 2010 09:59:56 EST
USDJPY MACD signal line has crossed below the indicator`s histogram while both of them, MACD & histogram, been greater than Zero. This is a probable bearish short term turning point.
USDJPY Stochastic Overbought
11 Mar 2010 08:00:17 EST
USDJPY Stochastic (14) Main line has crossed below Signal line while both lines been above 80. This is a probable short term bearish turning point.
USDJPY Stochastic Overbought
11 Mar 2010 05:00:59 EST
USDJPY Stochastic (14) main line entered hourly overbought zone. Traders should NOT consider any short term long trades.
USDJPY MA Penetrated
11 Mar 2010 00:01:42 EST
USDJPY has closed above 30 SMA. This should empower bullish short term technical outlook.
USDJPY Stochastic Oversold
10 Mar 2010 23:00:12 EST
USDJPY Stochastic (14) Main line has crossed above Signal line while both lines been below 20. This is a probable short term bullish turning point.
USDJPY MA Penetrated
10 Mar 2010 22:00:29 EST
USDJPY has closed below 30 SMA. This reflects supply forces victory on short term technical outlook.
USDJPY Stochastic Oversold
10 Mar 2010 20:59:56 EST
USDJPY EURUSD Stochastic (14) main line entered hourly oversold zone. Traders should NOT consider any short term short trades.