2013.11.06 14:00 7:00AM ET | USDJPY Currency Pair
Here are the current Pivot Points Levels with Support (S) and Resistance (R) for the USDJPY currency pair. Price action is currently trading above the daily pivot point at the 98.579 price level, according to data at 7:00 AM ET. The pair opened the Asian trading session earlier today over than the daily pivot and has trended higher today after bouncing off the pivot in early trading.
Daily Pivot Point: 98.439
— S1 – 98.211
— S2 – 97.933
— S3 – 97.705
— R1 – 98.717
— R2 – 98.945
— R3 – 99.223
Weekly Pivot Points: USDJPY
Prices are currently trading over the weekly pivot point at time of writing. The USDJPY is regaining some strength after having been on a bearish pace this week after opening the trading week above the weekly and monthly pivots.
Weekly Pivot Point: 98.317
— S1 – 97.795
— S2 – 96.914
— S3 – 96.392
— R1 – 99.198
— R2 – 99.720
— R3 – 100.601
Monthly Pivot Point: 97.973
— S1 – 96.949
— S2 – 95.545
— S3 – 94.521
— R1 – 99.377
— R2 – 100.401
— R3 – 101.805
USDJPY Trends & Fibonacci Retracement Levels
The USDJPY currency pair has been rising in forex market trading today with the USDJPY registering a high of 98.747 and a low of 98.399 on the day. Trends data shows the pair is currently in a short-term uptrend as prices are trading over our favored short-term moving average. Over the longer term trend, as seen on the chart by the 90-day Linear Regression Channels indicator, the pair continues to be in an downtrend.
USDJPY Trends Data: Linear Regression Indicator
10-day current trend is BULLISH / Trend strength of 166.6 pips
30-day current trend is BULLISH / Trend strength of 45.0 pips
60-day current trend is BEARISH / Trend strength of -48.4 pips
90-day current trend is BEARISH / Trend strength of -149.2 pips
180-day current trend is BULLISH / Trend strength of 215.4 pips
Fibonacci Retracement Levels over last 100 Days
— 0.000 – 101.524
— 0.236 – 99.943
— 0.382 – 98.964
— 0.500 – 98.173
— 0.618 – 97.383
— 0.764 – 96.404
— 1.000 – 94.823
By CountingPips.com – Forex Trading Apps & Currency Trade Tools
Disclaimer: Foreign Currency trading and trading on margin carries a high level of risk and volatility and can result in loss of part or all of your investment. All information and opinions contained do not constitute investment advice and accuracy of prices, charts, calculations cannot be guaranteed.
