Usd/Jpy

The pair is working out the Triangle figure. The end of the figure maybe expected at 83.330 (if the pair stays above 80.244).

Resistance: 83.330, 86.836, 90.909

Support: 80.244, 76.535, 73.126

Usd/jpy technical analysis for 20.11.2012 by using : Auto pivot indicator.

resistance 3:82.16
resistance 2:81.88
resistance 1:81.65

pivot point :81.37

support 1:81.13
support 2:80.85
support 3:80.62

USD/JPY recovered from yesterday's low of 76.30 to an intra-day high of 77.02 earlier today, the pair then retreated as Nikkei 225 fell back to negative territory (now is down 36 points)

Support: 80.86
Pivot: 81.36
Resistance: 81.86

trendspotter buy
7 day average directional indicator buy
10-8 day MA hilo channel buy
20 day MA VS Price buy
20-50 Day MACD oscillator buy
20 Day Bollinger Bands buy

Technical Analysis for USDJPY 100% Buy

If I look on H4 time frame, I think the up trend movement on USDJPY still strong. Now, USDJPY is trying to break 81.40 resistance level. If USDJPY can break that resistance successfully, I think it will open a way for USDJPY to go up more higher and reach the next resistance level at 81.96.

The trading dynamics of the Japanese Yen against its competitors during the Asian session had been influenced by the speculations of the result of tomorrow's meeting of the Bank of Japan, which will be held for two days. The market expected the Central Bank announce more aggressive monetary policy easing due to the pressure of the opposition party. The USD / JPY pair showed a new maximum of Y81.58, but later declined. It declined in anticipation of response of the Bank of Japan on comments of the former prime-minister Mr. Abe and his calls for more aggressive mitigation of the existed monetary policy. The USD / JPY pair during the European session dropped to Y81.08.

Scenario for today
Elliott: elongated flat correction up 81.66
Currently uptrend should end around 81.53 - 81.64 area. A correction down to below 81.14 is expected. A rise above 81.86 will abort the expected correction.
Technical points
Key point 81.7600
Entry point 81.4900
Elliott 79.0800
Closing 81.4100
Projection 81.6600
Trendline 81.3100
Trendline 81.6600
Supports / Resistances
Res 2 81.8600
Ex-High 81.5900
Res 1 81.6400
Pivot 81.3600
Sup 1 81.1400
Ex-Low 81.0900
Sup 2 80.8600

The pair has risen to the Resistance 81.399. If the pair breaks this level the pair will rise to 82.219.
Resistance: 81.399, 82.219, 83.065
Support: 80.438, 79.707, 79.070

this pair - till now still play it's bearish. With the big trend (on this 4H TF) - of course search for nice sell OP again here still better as long as the buyer can not up bulls more that so strong supply zone area (81.70)

INTRADAY TRADING SIGNAL

USDJPY M30

I expect the price will go up to the take profit level at 81.6947. Reason to this is simply because there's an upward breakout from the resistance level at 81.4510.

As always, I'll recommend you to use trailing to secure your positive pips! :)