Usd/Jpy

USD / JPY on the hourly chart the pair approached the lower limit of the medium-term bullish channel (point of tangency 100.20), after a meeting with the mark of the pair has already demonstrated the pulse height, but the course decided to try this one more time on the strength of the mark, given the strong decline in the last few days of waiting back at least to the area north of correction 100.00.

Achieved the dollar versus the yen strong break to the level of 122.00 and fell sharply, touching 76.4% Fibonacci correction of the rise, this level is at 120.50, and breaking it would extend losses pair to reach the bottom level registered in advance at 118.87.
pair- usd/jpy
time frame- m15



technical analysis-

the down movement of the price is making correction from the support at 120.50 level. this up movement may not able to break resistance at 121.60 and wil again down side. short with take profit at 120.80 and stop loss at 121.75

USD/JPY Daily Outlook

Daily Pivots: (S1) 83.92; (P) 84.09; (R1) 84.37;

USD/JPY's rally resumed after brief consolidation and edges higher to 84.43 so far today. Intraday bias is back on the upside and current rally could extend towards 85.51 key resistance. As USD/JPY is now inside 84.17/85.51 resistance zone, we'll continue to be cautious on reversal signal. Though, break of 82.83 support is needed to indicate short term topping first. Otherwise, outlook will stay bullish.
rise from 77.13 is viewed as a leg inside the consolidation pattern from 75.56. Such rally could extend to 84.17 and above. But after all, there is no clear indication of long term trend reversal yet. As long as 85.51 resistance holds, we'd expect the downside from 124.13 to resume sooner or later to a new low below 75.56. However, decisive break of 85.51 will be a sign of medium term reversal and strong rise should then at least be seen to 55 months EMA (now at 87.42) and above.

Forex Forecast with price level.
USD/JPY - pair in focus.
Current Price - 111.76
main support level - 110.72
main resistance level - 112.82
Pair likely to be in Sell today.

U.S. sovereign credit rating downgrade by Standard and Poor’s triggered a strong selloff across global bourses, where investors abandoned risky assets and shifted their investments to the yen, which increased expectations for another intervention

low record is around 76, not around 78.88. Anyways i was think it gonna go up when it was around 80 and now it touch 80.35,

the pair is hovering below important resistance at 82.00 ,also approaching to top of the descending channel,and 120 period moving average also,oscillator shows overbought and evreything is prepared fot going short at the market with good risk/reward ratio . my tp is placed at 80.00
Yes my friend that's true this pair is between the 80.87 and 81.56 and the main reason for this is Japanese central bank when the pair will show some great movement I don't know Let's see.

Dollar has remained trading on a steady downward trend since peaking at 80.25 last Thursday, retracing all the ground gained after BoJ intervention and extending losses

Bank of Japan meeting today will be a great event and the much anticipated failure or delay in the utilization of funds by 5 trillion yen will be very strong impact for the yen, a figure that is closer to 10 trillion Yen Yen or more with a shot opportunity is very high, so Team FX is expressed from Westpac.
There is a down channel in H4 chart. Moreover, the price is under the Ichimoku Kumo Cloud and EMA 200. These signals confirm for the downtrend. So, I think the price will be down ti the lower channel line and then be up.

This pair had been up from lowest position yesterday at 79.70.the trend is up but not strong. Be careful this pair can reverse direction because later there are trade balance news at 23:50 when market will closed.

In technical analysis ,ma16 had crossed ma96 in tf 15 that confirmation to buy position but wait until stochastic 5,3,3 in tf h1 at level over sold.

Now the pair is in around dayly pivot area.If the pair down it might be in level 79.69 as dayly support 1 then might be retrace up because the trend is up.