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Intraday bias in USD/JPY remains neural for the moment as consolidation fro 80.37 continues. At this point, we'd still expect support from 38.2% retracement of 77.93 to 80.37 at 79.43, at least on first attempt, and bring recovery. And, Overall, near term outlook remains bullish and rise form 77.13 is expected to resume later to 80.61 resistance (50% retracement of 84.17 to 77.13 at 80.65). Sustained break there will open the way for 84.17 resistance next.
Price stability over the last level we continue in our expectations for the bullish intraday direction that targets levels of 80.70 and 81.70, with reference to the break 79.20 and then 78.80 the price will return to the downward path again
Also hold a short position, the pair met with resistance in the sliding alligator, also significantly consolidate three northern fractals, 4 hour chart there was a break and a change of trend in the south, reducing the wait.
USD/JPY
SELL
Entry :- 79.650
TP1 :- 79.205
TP2 :- 78.761
SL :- 80.544
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
http://img405.imageshack.us/img405/934/imagepk.gif
The pair bounced trading USD / JPY with the opening of trading today and the week to close price re-test levels between 79.60 - 79.20
Price stability over the last level we continue in our expectations for the bullish intraday direction that targets levels of 80.70 and 81.70, with reference to the break 79.20 and then 78.80 the price will return to the downward path again.
I think break all time low which 78.88
Extended its gains from Friday despite speculation that the BOJ will add more stimulus at their policy meeting on Tuesday. JPY is lifted by demand for its refuge status as the outlook for the global economy darkens. The JPY was up (0.23%) against its major peers.
Technically, the movement USDJPY traded over the weekend to hold above 79.40 levels with the highest attainment at level 80.38.
Pair tested again today but as a support level of 200 Rolling, and from it is renewed like the northern trend, hold a long position, wait until the approach to a maximum of 80.30.
Anyways i was think it gonna go up when it was around 80 and now it touch 80.35, i think we can see around 80.70 in coming days