Usd/Jpy

[mahmoud mohamed tawfik]

the H4 chart of the usd/jpy currency pair shows atrend change from descending to as cending which started after englfing bullish pattern shooting star pattern indicates abearish pullback three line break and heiken -ashi candlestick charts confirm an ascending movement

[ashaab]

The momentum resistance at 50.00 level of RSI 14 indicator has slowed down the bullish wave started after breaching the upper line of the descending channel seen on the daily graph. But, we can see how the pair has stabilized above the psychological level of 80.00 and also above SMA 100 and therefore, we hold onto our bullish scenario over intraday basis. Ultimately, a break above 80.50 will accelerate the awaited upside wave .



Recommendation : Based on the charts and explanations above our opinion is, buying the pair around 80.20 targeting 81.50 and stop loss below 79.50 might be appropriate.

[simpleforex68]

In H1 chart, the price is in uptrend because it is above the Ichimoku Kumo Cloud and EMA 200. So, I think the price will retrace to the Fibonacci 38.2% and then it will continue to increase with the uptrend.

[delpacing]

Resistance Level : 80.75, 81.00, 81.75
Support Level : 79.85, 79.40, 79.15
Trading Range : 79.85 � 80.75
Trend : Neutral

[ashaab]

The pair has been able to take the psychological level of 80.00 again and started to breach through the upper line -resistance line- of the previous caught bearish channel- as seen on the provided daily graph. RSI 14 was also fixed as well and is attempting to take the value of 50.00. Thereby, we will follow those new technical factors established yesterday to suggest further gains over intraday basis. A break above 80.50 will accelerate the upside wave.



Recommendation : Based on the charts and explanations above our opinion is, buying the pair around 80.20 targeting 81.50 and stop loss below 79.50 might be appropriate.

[nurdiantofxwave]

1. Trend analysis today with hma system:
hma 32 as short term trend indicator = red colored, may down trend
hma 192 as medium term trend indicator = blue colored, up trend
hma 860 as long term trend indicator = blue colored, uup trend
So the trend is up.

2. Pivot,ressistance and support level this day:
p: 80.10
r1: 80.39
r2: 80.61
r3: 80.90
s1: 79.88
s2: 79.59
s3: 79.37

[ayusri]

USD JPY for today I will BUY tenikal but because I would not take much profit also will not make SL a lot of just 10 points only, if later UJ can ride through 80.54 then I will buy at 80.64 to 80.21 TP and sl because there must be spread as much as 3 points then we add to SL be kuang 3 point and to remain as aka TP touched in position 13 points, currently UJ in the area where he has since increased and moves up this morning so we could buy for this fair is also due to this fair couple were well above the 50 ma is also the others, it is feasible to do BUY

[delpacing]

Resistance Level : 80.60, 81.00, 81.75
Support Level : 79.70, 79.40, 79.15
Trading Range : 79.70 � 80.20
Trend : Neutral

[simpleforex68]

The price is in uptrend in H1 chart of the pair because the price is above the Ichimoku Kumo Cloud and EMA 200. But I think the price will retrace to the Fibonacci 32.8% level and then it will continue to increase strongly.

[khaled24]

As we see in this chart , the pair now is on the downtrend line that couldn't beyond it several times , so from here i think it is a good chance to make profit by selling this pair on the short term , we should s ell the pair with target point @ 79.60 (0.0%) , it is also a strong support level that the pair didn't break it for along time , i think that it will correct its direction by moving up when hitting this level , Good Luck