Usd/Jpy

The trading range for today is among key support at 77.60 and key resistance now at 81.50.
The general trend over short term basis is to the upside targeting 87.45 as far as areas of 75.20 remain intact

USDJPY bullish gone up significantly without much retracement. After rising nearly 190 pips, the price is now experiencing a little setback. I estimate that this decline could be halted at around 79.50.

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

adx : 29.5442
+di : 15.9604
-di : 25.9729
timeframe : 1 hour

time : 1900
date : 26.10.2012

USDJPY next week

Elliott: elongated flat correction up 80.11
Should test support at 79.09 while below 79.61. If support at 79.09 holds it can rise up to 80.26, if not it should fall to below 78.57 zone.
Warning: End of trend
Technical points
Key point 79.8200
Entry point 79.6400
Elliott 77.4400
Closing 79.6100
Projection 80.3200
Trendline 79.1100
Trendline 80.1000
Supports / Resistances
Res 2 80.9000
Ex-High 80.3800
Res 1 80.2600
Pivot 79.7400
Sup 1 79.0900
Ex-Low 79.2200
Sup 2 78.5700

On the hourly chart shows that the level of 79.70 still broke .... then had a small pullback and the couple began to walk back down .... but I think it is simply just a deeper correction and the price should stop at 79.40, and then resume the trend in the north ..

Today,Initial support is located at 80.00 (Big figure support) followed by 79.57 (May 5 low). Initial resistance is now at 81.33 (Jun 2 high) followed by 81.77 (May 19 high) good like forex forum indian

we have a resistance level on the daily chart @38.2% so i predict that USDJPY will move downward on the short term and i suggest selling this pair now our target point will be@23.6%.

USDJPY bearish. When market open, price gap below 79.70, it view that buyer is not in to the market, posible continue bearish again till 79.40, and if break easy, 79.00 will be the target. Beside that, if 80.18 hit. Bull power will be back.

Spoiler:

http://i.imgur.com/eSlJe.gif

Elliott: extension wave down 79.10
There is bearish potential for a fall to 79.28 while 79.83 - 80.00 resist. After this fall a recovery up to 80.00 or 80.16 is expected.
Warning: Low Zone - Engulfing pattern
Technical points
Key point 79.2900
Entry point 79.8300
Elliott 80.3800
Closing 79.6100
Projection 79.2700
Trendline 80.0000
Trendline 80.0000
Supports / Resistances
Res 2 80.7100
Ex-High 80.3800
Res 1 80.1600
Pivot 79.8300
Sup 1 79.2800
Ex-Low 79.5000
Sup 2 78.9500

Usd/jpy technical analysis for 29.10.2012 by using : Auto pivot indicator.

resistance 3:81.10
resistance 2:80.75
resistance 1:80.20

pivot point :79.85

support 1:79.30
support 2:78.94
support 3:78.39