USDJPY trading range between 80.50 and 81.58 is likely to be seen over the next few days. As long as 80.50 support to survive, the increase could be expected after consolidation, and a break above 81.58 could signal resumption of uptrend from 79.07.
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USDJPY trading range between 80.50 and 81.58 is likely to be seen over the next few days. As long as 80.50 support to survive, the increase could be expected after consolidation, and a break above 81.58 could signal resumption of uptrend from 79.07.
USD / JPY pair is very buy price rushing on top with virtually no setbacks ... in my opinion is very dangerous to fly ... the slightest breakdown can begin the activation supports multiple stops ... and the price will go to the same scale in the opposite direction .. ..
usd/jpy technical analysis by using : average directional movement index
adx : 49.0402
+di : 31.2940
-di : 4.5952
timeframe : 1 hour
time : 0400
date : 21.11.2012
Usd/jpy technical analysis for 21.11.2012 by using : Auto pivot indicator.
resistance 3:82.57
resistance 2:82.17
resistance 1:81.92
pivot point :81.52
support 1:81.28
support 2:80.88
support 3:80.63
Support: 80.90
Pivot: 81.52
Resistance: 82.14
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
Nice bulls. the price on this 4H TF was break up to that resistance line 81.58. So, of course this still probably to nice up again and good to be take new buy as long as then price still can move above that resistance 81.58
the overall toy ease relic bearish and it present use a bust back above 80.00 to officially amend downside pressures and substantiate change prospects. Below 76.25 negates.
Scenario for today
Elliott: impulse wave up 82.04
Currently uptrend should end around 81.72 - 81.91 area. A correction down to below 81.29 is expected. A rise above 82.14 will abort the expected correction.
Technical points
Key point 81.9500
Entry point 81.6100
Elliott 79.0800
Closing 81.6800
Projection 82.6500
Trendline 81.4000
Trendline 81.5800
Supports / Resistances
Res 2 82.1400
Ex-High 81.7600
Res 1 81.9100
Pivot 81.5200
Sup 1 81.2900
Ex-Low 81.1400
Sup 2 80.9000
U.S. Dollar: The dollar showed some strength and rose against most of the 16 most traded currencies as Federal Reserve Chairman Ben Bernanke warned that the U.S. economy could fall into recession, in case, if lawmakers would not decide on the so-called "fiscal cliff" problem.
USDJPY
Japanese Yen: The Bank of Japan after its two-day’s meeting decided to keep the volume of purchases of assets of 66 trillion yen (812 billion $). The currency was held in the range during the Asian session yet weakened to the following one. The USD / JPY pair moved up to Y81.54 level during the European session on background of today's decision of the Bank of Japan to refrain from increasing the incentive programs.
The pair has risen to the Resistance 81.399 and aiming to 82.219.
Resistance: 82.219, 83.065, 83.933
Support: 81.399, 80.438, 79.707
The Bank of Japan after its two-day’s meeting decided to keep the volume of purchases of assets of 66 trillion yen (812 billion $). The currency was held in the range during the Asian session yet weakened to the following one. The USD / JPY pair moved up to Y81.54 level during the European session on background of today's decision of the Bank of Japan to refrain from increasing the incentive programs.