Usd/Jpy

While the couple is not very interesting for trading on a larger plot loomed converging triangle to determine the overall trend to wait for the breakdown of one of the oblique line of the figure.

The Japanese currency has failed to break above 78.80 .. so I think that the bears are preparing next leap to the bottom, the pair started to decline ****ually, but it will wait for another such motion which was last Thursday, assuming that prices may be lower than 78.30. ..

http://i45.tinypic.com/21999tt.png

The short term trend of the pair is to the upside. Intraday trading range of the pair is expected among key support at 77.30 and key resistance at 79.55. Based upon my chart analysis, I prefer to stay aside from the pair until we get a confirm setup for the upcoming big move.

The pair is staying below 80.244. The pair may decline to 78.031, next aim is at 76.535.
Resistance: 80.244, 83.330, 86.836
Support: 76.535, 73.126, 69.117
http://cache.mail.yandex.net/mail/0b...6bd2b903116c64

I continue to hold a long position, the pair continue to not overcome the medium sloping support level (4 hour chart), also MASD shows a buy signal, the first target 78.90.

Trendline shows that this pair has been ranging for the past five days between 78.45 and 78.85 so we should see price move at least to 78.65 if we follow this nature of price action, moreso news from when the chairman of the federal reserve board Mr Ben. Bernanke speaks at Jackson hole then the whole situation could change.

Support & Resistance 29/08/2012

Sup 1 : 78,70
Sup 2 : 78,89
Sup 3 : 79,01

PIVOT : 78,58

Res 1 : 78,38
Res 2 : 78,26
Res 3 : 78,07

While the hourly chart vyrisovalas clear support 78.45, the course again traded under the Ichimoku Cloud, and in no one wants to go to the north, while waiting strengthening prices below 78.45 for sale.

USD/JPY failed to break through 78.33 support and lost momentum again. Intraday bias is turned neutral again. Consolidation from 78.33 would continue further and above 78.84 will bring another recovery. Though, the overall outlook remains unchanged. That is, price actions from 77.66 are either a consolidation pattern that's completed with three waves to 79.65, or is a five wave triangle pattern. In either case, recovery attempt should be limited well below 79.65 resistance. Break of 77.99 will indicate that fall from 84.17 is finally resuming for 75.56/84.17 support zone.

couple went to the upper boundary of the side channel (resistance 78.80), while rate slightly slowed down around him while waiting for the southern headland formations, stop - coup put above the level of 78.80.