Instaforex Analysis

**IFX Gertrude** · 11-12-2013, 08:25 AM

USD/JPY intraday technical levels for November 12, 2013

Today data on Tertiary Industry Activity m/m, 30-y Bond Auction, Consumer Confidence, Prelim Machine Tool Orders y/y, etc. will be released in Japan, but when the US market opens there will not be released news from the US. So for today we predict the price action from USD/JPY will move in a moderate volatility.

TODAY's TECHNICAL LEVELS:
Resistance 3: 100.03.
Resistance 2: 99.83.
Resistance 1: 99.64.
Support 1: 99.40.
Support 2: 99.21.
Support 3: 99.01.

DESCRIPTION:
Please pay attention to the levels of support 3 (99.01) and resistance 3 (100.03). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.

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**IFX Gertrude** · 11-14-2013, 09:19 AM

Silver technical levels and trading recommendations for November 14, 2013

Overview
As shown in the today's H4 chart, the metal failed to break the Support area which consists of the Support level of 20.50 and the downward trend line. It is still trading above this Support area. Currently, it is bouncing from the Support level and starting the bullish move. So we still suggest waiting for closing above the Resistance level 21.00 in case of bouncing from the Support level of 20.50 to give us a new opportunity for more buy signals with the first target few pips below the Resistance level of 21.50. Then after breaking this Resistance level, silver would open the way towards the Resistance level of 22.00, which means more bullish signals, but as long as the metal trades below the Resistance level of 21.00, this cancels the bullish scenario.

Resistance and support levels:
R3 (22.00), R2 (21.50), R1 (21.00), S1 (20.50), S2 (20.00), S3 (19.60).

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**IFX Gertrude** · 11-15-2013, 09:03 AM

USD/JPY intraday technical levels for November 15, 2013

In Japan today there is no significant news to be released, but in the US market there will be released some news such as the US Empire State Manufacturing Index; Import Prices m/m; Capacity Utilization Rate; Industrial Production m/m; and Wholesale Inventories m/m; and all this news from the US has a moderate impact, so there is nothing to worry about.

TODAY's TECHNICAL LEVELS:
Resistance. 3 : 100.75.
Resistance. 2 : 100.55.
Resistance. 1 : 100.36.
Support. 1 : 100.11.
Support. 2 : 99.92.
Support. 3 : 99.72.

DESCRIPTION:
Please, pay attention to the levels of support 3 (99.72) and resistance 3 (100.75). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.

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**IFX Gertrude** · 11-18-2013, 08:30 AM

GBP/JPY technical levels and trading recommendations for November 18, 2013

Overview
Today's H4 chart shows that the pair opened this week above the Resistance level of 161.40 as shown. Currently, it is trading above it to continue its bullish trend. Given that the pair continues its bullish movement and closes 4H above the Resistance level after the closing of the current H4 candle, it would be another opportunity for more bullish signals with first target few pips below the Resistance level of 162.00, then we should wait for breaking above this Resistance level to get more bullish signals towards the Resistance level of 152.30 as the second target. But as long as the price is trading below the Resistance level of 161.40 and cannot break it through, this cancels the bullish scenario.

Resistance and Support levels:
R3 (162.30), R2 (162.00), R1 (161.40), S1 (160.60), S2 (160.00), S3 (159.50).

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**IFX Gertrude** · 11-19-2013, 07:30 AM

EUR/USD weekly technical levels for November 18-22, 2013

Intraday trading recommendations:
EUR/USD: According to the previous events, the price has still been trapped between 1.3540 and 1.3460. The level of 1.3550 will indicate strong resistance; moreover, the price will form a double top at this level. Therefore, it will be wise to sell at 1.3450 with the first target at 1.3425, then it will continue towards 1.3392 in order to test the weekly suppor 1. And stop loss should be placed above 1.3575.

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**IFX Gertrude** · 11-20-2013, 07:50 AM

USD/JPY intraday technical levels for November 20, 2013

Today some medium impact data such as Trade Balance, All Industries Activity m/m will be released; and during the US market session, some important news such as Core CPI m/m, Core Retail Sales m/m, Retail Sales m/m, and Existing Home Sales are going to be announced. Also some medium impact data like US Business Inventories m/m and Crude Oil Inventories will be released, so tas a result, the price of this currency pair will move with moderate to high volatility during the US session.

TODAY's TECHNICAL LEVELS:
Resistance. 3 : 100.52.
Resistance. 2 : 100.32.
Resistance. 1 : 100.13.
Support. 1 : 99.89.
Support. 2 : 99.69.
Support. 3 : 99.49.

DESCRIPTION:
Please, pay attention to the levels of support 3 (99.49) and resistance 3 (100.52). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.

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**IFX Gertrude** · 11-21-2013, 07:29 AM

USD/JPY intraday technical levels for November 21, 2013

In the early morning after the Asian market start, there will be a release of some news from Japan like Monetary Policy Statement; BOJ Press Conference; and during the US market session, there will be a release of some important news such as the US - PPI m/m; US - Unemployment Claims; and some not very important news such as the US - Flash Manufacturing PMI; and the US Natural Gas Storage US - Flash Manufacturing PMI; and the US - Philly Fed Manufacturing Index . We predict the price action of this pair will be under moderate volatility within the US session.

TODAY's TECHNICAL LEVELS:

Resistance. 3 : 100.89.

Resistance. 2 : 100.69.

Resistance. 1 : 100.36.

Support. 1 : 100.25.

Support. 2 : 100.05.

Support. 3 : 99.85.

DESCRIPTION: Please, pay attention to the levels of support 3 (99.85) and resistance 3 (100.89). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.

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**IFX Gertrude** · 11-22-2013, 07:25 AM

USD/JPY intraday technical levels for November 22, 2013

Today we predict the USD/JPY price movement will be with slow to moderate volatility, because during the Asian session Japan will release the BOJ Monthly Report. During the US trading sesssion, no important and significant news is due to be released, only FOMC Member George Speech and the US - JOLTS Job Openings.

TODAY's TECHNICAL LEVELS:

Resistance. 3 : 100.73.

Resistance. 2 : 100.53.

Resistance. 1 : 100.33.

Support. 1 : 100.09.

Support. 2 : 100.89.

Support. 3 : 100.69.

DESCRIPTION:

Please, pay attention to the levels of support 3 (100.69) and resistance 3 (100.73). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.

More analysis - at instaforex.com

**IFX Gertrude** · 11-25-2013, 07:53 AM

Elliott wave analysis of EUR/JPY for November 25, 2013

Today's Support and Resistance levels:
R3: 138.76
R2: 138.30
R1: 138.01
Current Spot: 137.76
S1: 137.33
S2: 137.02
S3: 136.60

Technical summary:
We should be in the very last part of the ending diagonal. The maximum for this final wave v will be in the 138.21-138.31 range depending on where the high of wave iii is placed. If we does see a break above 138.31, then the ending diagonal can not be the correct count as wave iii can never be the shortest wave and that would be the case here, if we does break above 138.31. However, for now we maintain the view that an ending diagonal is developing and should be close to its maximum. To confirm that wave v is in place, we need a break below 137.02 and more importantly a break below 136.02, which will confirm that wave v is in place for a decline towards at least 124.96.

Trading recommendation:
If you are long in EUR, lift your stop to 137.02. Take profit on any long position and sell EUR at 138.20 with a close stop at 138.35.

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**IFX Gertrude** · 11-26-2013, 07:53 AM

USD/JPY intraday technical levels for November 26, 2013

Today during the Asian session there will be news like CSPI y/y and the Monetary Policy Meeting Minutes released. And in the US trading session there will be some important news like the US Building Permits and US CB Consumer Confidence released, so there is a possibilities the price action of the USD/JPY will get their volatility in a moderate way at the US market session.

TODAY's TECHNICAL LEVELS:
Resistance. 3 : 101.99.
Resistance. 2 : 101.79.
Resistance. 1 : 101.59.
Support. 1 : 101.35.
Support. 2 : 101.15.
Support. 3 : 100.95.

DESCRIPTION:
Please, pay attention to the levels of support 3 (100.95) and resistance 3 (101.99). Normally, when a level is touched, USD/JPY will rebound from the previous minimum by 10 to 20 pips, but if the levels are broken through by over 50 pips, then it will be a sign that these currencies have found trends today.

More analysis - at instaforex.com