FX.co ★ USD/JPY - Weekly and Monthly Pivot Points and Signals- For 01 - 05 October, 2012

For this week the pivot points (weekly and monthly) for USD/JPY are: 77.85 weekly; 78.09 monthly.
The Japanese yen is located above the weekly pivot and bellow the Moving Average of 200 periods (blue). Therefore, taking into account the pivot points, we can conclude the following.
The level of 77.85 (pivot) is the weekly pivot, a higher level increases the likelihood of an upward trend. Therefore, recommend buying above 77.85, until the second week resistance.

Signal for 01 - 05 October, 2012

Buy long at 77.85, take profit at 78.61 and 79.03, stop loss is bellow W_S1.

____WEEKLY_____
Weekly - R3 = 79.03
Weekly - R2 = 78.61
Weekly - R1 = 78.27
Weekly Pivot = 77.85
Weekly - S1 = 77.51
Weekly - S2 = 77.09
Weekly - S3 = 76.75

If you would like to get this indicator, feel free to adress me via e-mail: gerardo.porras@analytics.instaforex.com

If you like my Technical analysis, please vote for me, but first, register at the portal MT5 for a vote to be valid. Thanks

____MONTHLY____
Monthly - R3 = 81.14
Monthly - R2 = 80.18
Monthly - R1 = 79.05
Monthly Pivot = 78.09
Monthly - S1 = 76.96
Monthly - S2 = 76.00
Monthly - S3 = 74.87