Usd/Jpy

[gururaj]

i think traders on this pair can go for short positions below 77.4 with targets at 76.7 and 76.5 in extension.

and if the trend move above 77.4 look for further upside with 77.65 and 78.05 as targets.

good hunt

[niteshforex]

The short term trend to the upside, the goal at 87.45 as long as the regions of 76.40 fixed.


Support 77.10 76.75 76.40 75.25
Resistance 77.65 77.80 78.35 79.30

[gururaj]

now i suggeste for traders on this pair can go for sell positions down 77.4 levels with targets at 76.7 and 76.3 in extension.

and go buy if the price head above 77.4 level we can look for further upside with 77.65 and 78.05 as targets.

[ganguly]

On the upside, another move back above 78.24 could lead price to neutral zone in nearest term but as long as price stays below 79.55 my overall technical bias remains strongly to the downside.

[ganguly]

USD/JPY's rebound from 75.98 low was held by medium term long term falling trend line as well as the 55 weeks EMA. Thus, down trend from 124.13 could still be in progress.

[ganguly]

The pair is moved down to test the support on 77.56
if this is breaked we can see the pair move down
if this support is not breaked we can see the pair move up to test the 1st resistance on 77.69

[ganguly]

USDJPY during the Asian of the session saw a further decline. Strengthening yen could still be worse to dampen Japan's industrial production and also of leading economic index. Price and kept overnight supporte line that is still closest to supporte 77.42

[ganguly]

This now puts the pressure back on the downside and opens the door for a retest and potential break below the record lows from March by 76.30.

[ganguly]

This now puts the pressure back on the downside and opens the door for a retest and potential break below the record lows from March by 76.30. At this point, a daily close back above 78.70 would be required at minimum to relieve downside pressures.

[ganguly]

The latest daily close below 79.50 certainly compromises our constructive outlook with the market breaking down below some solid multi-day range support in the 80.00 area and dropping into the 77.00�s thus far.