Hi María here. Hope it will help you.
[B]USDJPY Weekly & Monthly Pivots May 21-25, 2012[/B]
The weekly pivot chart for USD/JPY indicates that the pivot points are placed according to the maximums and minimums. This chart will enable us to place Stop Take Profits or Stop Losses. These Pivot Levels are some sort of a trading map that will allow you to know beforehand the possible increases and declines of the pair.
Therefore, it is recommended to open short positions at the R1 level and long positions at the S1 level. If the weekly pivot is considered as target, it may turn to be a feasible strategy for swing trading. The strategy can be used in other way: it is possible to open long positions in S2 positions and short R2 weekly with S1 or R1 as seen weekly targets or to the pivot point.
[B]WEEKLY_[/B]
Weekly - R3 = 81.59
Weekly - R2 = 81.06
Weekly - R1 = 80.04
[B]Weekly Pivot = 79.51[/B]
Weekly - S1 = 78.49
Weekly - S2 = 77.96
Weekly - S3 = 76.94
[B]MONTHLY__[/B]
Monthly - R3 = 85.74
Monthly - R2 = 84.51
Monthly - R1 = 82.18
[B]Monthly Pivot = 80.95[/B]
Monthly - S1 = 78.62
Monthly - S2 = 77.39
Monthly - S3 = 75.06
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[B]USDJPY Monthly & Weekly Pivot Points for June 4-8, 2012[/B]
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.
[B]WEEKLY_[/B]
Weekly - R3 = 81.34
Weekly - R2 = 80.53
Weekly - R1 = 80.27
[B]Weekly Pivot = 78.46[/B]
Weekly - S1 = 77.20
Weekly - S2 = 76.39
Weekly - S3 = 75.13
[B]MONTHLY[/B]
Monthly - R3 = 82.27
Monthly - R2 = 81.43
Monthly - R1 = 79.87
[B]Monthly Pivot = 79.03[/B]
Monthly - S1 = 77.47
Monthly - S2 = 76.63
Monthly - S3 = 75.07
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