empty
 
 
04.06.2012 05:20 PM
USD/JPY Weekly and Monthly Pivot Points for June 4 - 8, 2012

The weekly and monthy pivot chart for the USD/JPY pair indicates that the pivot points are placed according to the last week highs and lows.

The pivot point should be the first place to look to open a trade.

The more times a currency pair touches the pivot level and then return, the stronger is the level.

Recommendations to operate these levels:

  • If the price is in the PP (Pivot Point), expects a move to R1 or S1
  • If the price is R1, waiting for a move to R2 or back towards PP
  • If the price is in S1, waiting for a move to S2 or back towards PP
  • If the price is R2, waiting for a move back to R3 or R1
  • If the price is in S2, waiting for a move back to S3 or S1.
  • No news, important to influence the market, probably the price moves to pivot S1 or R1
  • If news, important to influence the market, the price may be sent directly to R2 or S2 or S3 and R3 reach.

 

If you would like to get this indicator, feel free to adress me via e-mail: [email protected]

If you like my technical analysis, please vote for me by clicking here!

  

____WEEKLY_____
Weekly - R3 = 81.34
Weekly - R2 = 80.53
Weekly - R1 = 80.27
Weekly Pivot = 78.46
Weekly - S1 = 77.20
Weekly - S2 = 76.39
Weekly - S3 = 75.13

This image is no longer relevant

 

____MONTHLY____
Monthly - R3 = 82.27
Monthly - R2 = 81.43
Monthly - R1 = 79.87
Monthly Pivot = 79.03
Monthly - S1 = 77.47
Monthly - S2 = 76.63
Monthly - S3 = 75.07

This image is no longer relevant

InstaForex Analyst,
Analytical expert of InstaForex
© 2007-2026
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 $9000 more!
    In May we raffle $9000 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