Usd/Jpy

````USD / JPY pair has set a new wave to the south, on the daily chart shows that there has been a retreat from the sloping level (also markedly converging triangle), the course has a significant range of the reduction, the target level could be 77.40.````

\\\\USD / JPY pair has set a new wave to the south, on the daily chart shows that there has been a retreat from the sloping level (also markedly converging triangle), the course has a significant range of the reduction, the target level could be 77.40.\\\\

/////USD / JPY pair has set a new wave to the south, on the daily chart shows that there has been a retreat from the sloping level (also markedly converging triangle), the course has a significant range of the reduction, the target level could be 77.40.////

|||||USD / JPY pair has set a new wave to the south, on the daily chart shows that there has been a retreat from the sloping level (also markedly converging triangle), the course has a significant range of the reduction, the target level could be 77.40.|||||

Trend is expected today: UP

District powerful Today: 78.00

The pair above 78.00 to buy the following objectives 78.25 and then 78.50

The pair down 78.00 for sale the following objectives 77.65 and then 77.40

The ratio of long to short positions in the USDJPY stands at 12.39 as approximately 93% of traders are long. Yesterday the ratio was 10.71; 91% of open positions were long. In detail, long positions are 1.4% lower than yesterday and 22.2% below levels seen last week. Short positions are 14.7% lower than yesterday and 15.5% above levels seen last week. Open interest is 2.5% lower than yesterday and 10.3% below its monthly average. We use our SSI as a contrarian indicator to price action, and the fact that the majority of traders are long gives signal that the USDJPY may continue lower. Current SSI is higher than yesterday and lower from last week. The combination of current sentiment and recent changes gives a further mixed trading bias.

USD/JPY for long term trend had shown sideways, but in short term, this shown in bullish trend. Until now price still in under weekly pivot level (78.43), whereas in some days ago, price is in upper this level. But after opening asian market ago, price move with positif sentiment and price able up until hold in daily pivot level (78.38).

Usd/jpy technical analysis for 09.10.2012 by using : Auto pivot indicator.

resistance 3:79.42
resistance 2:79.10
resistance 1:78.72

pivot point :78.40

support 1:78.01
support 2:77.69
support 3:77.31

Conducted dollar against the yen attempts yesterday to break the retest level at 78.15, but it was not yet able to confirm, while stochastic continues negative pressure on intraday trading constitutes an incentive to return to the downward path.
We can not tipping downward trend certainly did not give us price daily closing below 78.15, and that's what keeps us on the sidelines now in order to monitor the disposal price for levels of 78.15 and 79.20

Expected trading range for today is between: Support 76.30 Resistance 79.00



General tendency is expected for today: neutral

USDJPY had touched and had been rejected by the support level at 78.19. Now, I think USDJPY is trying to test that support level again. If USDJPY can break that support, this pair may continue falling to the next support level at 77.70. But if fail to break, USDJPY will rejected again and rebound here.