USDJPY Trading Pivot Point & Trends Levels for 2013.11.07

2013.11.07 14:00 7:00AM ET | USDJPY Currency Pair

Here are today’s current Pivot Points Levels with Support (S) and Resistance (R) for the USDJPY currency pair. Price action is currently trading higher than the daily pivot point at the 98.677 price level, according to data at 7:00 AM ET. The pair opened the Asian trading session earlier today above the daily pivot and has traded higher over the course of the day after bouncing off the pivot area.

SC USDJPY 2013.11.07

Daily Pivot Point: 98.599
— S1 – 98.450
— S2 – 98.251
— S3 – 98.102
— R1 – 98.798
— R2 – 98.947
— R3 – 99.146


Weekly Pivot Points: USDJPY

Prices are currently trading over the weekly pivot point on Thursday Nov. 7th. The USDJPY has been on a down and up  path so far this week after opening the trading week above the weekly pivot. The pair has not made much headway either way on the week.

SC USDJPY 2013.11.07

Weekly Pivot Point: 98.317
— S1 – 97.795
— S2 – 96.914
— S3 – 96.392
— R1 – 99.198
— R2 – 99.720
— R3 – 100.601


USDJPY Trends & Fibonacci Retracement Levels

The USDJPY currency pair has been almost unchanged in forex market trading today with the USDJPY registering a high of 98.739 and a low of 98.547 on the day. Trend 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, the pair continues to be in a downtrend. The pair is currently trading at the significant fibonacci 50% retracement level which should provide support or resistance going forward.

SC USDJPY 2013.11.07


USDJPY Trends Data: Linear Regression Indicator

10-day current trend is BULLISH / Trend strength of 154.8 pips
30-day current trend is BULLISH / Trend strength of 67.5 pips
60-day current trend is BEARISH / Trend strength of -46.8 pips
90-day current trend is BEARISH / Trend strength of -139.3 pips
180-day current trend is BULLISH / Trend strength of 197.7 pips

Fibonacci Retracement Levels

— 0.000 – 101.524
— 0.236 – 100.173
— 0.382 – 99.337
— 0.500 – 98.661
— 0.618 – 97.985
— 0.764 – 97.149
— 1.000 – 95.798

 

By CountingPips.com – Currency Trading Apps & Forex Trade Tools

 

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