Usd/Jpy

[shepon93]

USDJPY has been discarded by the confrontation level at 78.61.I think USDJPY may fall and touch the support level at 78.19.But if USDJPY can break 78.61 resistances and also break the last Friday's high at 78.67, USDJPY may go up and touch the next resistance level at 79.16.To this Lavel

[great white]

USDJPY breaks below 77.92 support. Further decline could be seen after a minor consolidation,
and next target would be at 77.00 area. Resistance is at 78.20,
as long as this level holds, the downtrend will continue.

[najmul.djd]

usd/jpy technical analysis by using : average directional movement index

adx : 37.1440
+di : 21.4564
-di : 8.3096
timeframe : 1 hour

time : 1600
date : 18.10.2012

[forexking2]

The pair did not find any difficulties with the line of resistance to bearish wedge pattern and succeeded in achieving a new daily closing above it. This breakthrough confirmed previous break back above SMA for 100

[raihan8212]

The U.S. dollar was trading close to a one-month high against the yen on Thursday, as market sentiment remained supported after Chinese growth data eased concerns over global growth, while expectations for more easing by the Bank of Japan weighed on the yen.

USD/JPY hit 79.21 during European morning trade, the pair�s highest since September 19; the pair subsequently consolidated at 79.12, gaining 0.22%.

The pair was likely to find support at 78.90, the session low and resistance at 0.79.20, the session high.

The dollar strengthened against the safe-haven yen after official data showed that the Chinese economy expanded by 7.4% in the three months to October, matching economists� forecasts.

The data came one day after a report showing that U.S. housing starts rose by 15% in September, the fastest pace since July 2008, adding to hopes that the U.S. economic recovery is gaining momentum.

The yen remained under pressure amid speculation that the BoJ may further increase the size of its asset purchase program at its upcoming policy meeting on October 30.

[turabawan8]

18/10/2012 USD/JPY Full Detailed ForeCast

Pivot point (level of invalidation): 78.9

Our preference: LONG positions at 78.95 with a target to 79.2 and 79.4 in extension.

Alternative scenario: Below 78.9 we expect further downside with 78.8 and 78.6 of the target.

Technical Comments: the RSI is bullish mixed.

[hictor23]

USD/JPY
SELL
Entry :- 79.090
TP1 :- 78.592
TP2 :- 78.096
SL :- 80.091

Note this is just my attempt to predict the price could be right or wrong stop-loss order is very important must put always follow the trend

[Miki]

Pair still managed to overcome the resistance of 79.00, now you can forget about sales, this figure breakthrough opened the way for further growth in the flesh to 90.60 (the first resistance and the 200-sliding away already you can think of sales).

[forexking2]

the pair resumes trading positive approaching barrier pivotal resistance 79.20, and to penetrate the price this level upwards, we will remain on the sidelines until we have signals confirm precisely the direction of the next, as the penetration level mentioned will be open orientation levels 80.00 80.70 initially,while break 78.45 is a preliminary signal to try to return to the bearish channel again.

[ashaab]

The short term trend of the pair is to the upside. Intraday trading range of the pair is expected among key support at 77.90 and key resistance at 80.50. Based upon my chart analysis, I prefer to buying the pair around 78.80 with target 80.30 and stoploss is below 77.90.