Usd/Jpy

The Dollar advanced after Moody's downgraded Japan's ratings, reaching day highs at 76.85, to retrace gains afterwards, partly due to disappointment on MoF's measures to curb yen strength, returning to day lows around 76.50.

we can see that the pair has failed in breaking 76.50 and bounced from it , so that's mean the up trend is expected and the pair might head to 77.00 and then 77.20

we can see that the pair has closed it's daily candle above 77.00 . so , that's means that up trend is expected and the pair might head to 77.25 and then 77.50 ,but also the hourly correction is expected before continue in the up trend

Money goes to where it is treated better, and in this case that is starting to tilt towards the United States. While it is too early to call this a buy at this point, if we reach 77.50, we feel this pair will keep rising.

It is more likely to go up to around 77.80 than 78.32, and after that, it might have potentially to go down.

If a M15 close above 78 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 77 sell only and do not buy. If price closes back above it again do nothing

The range 78 and 77 is neutral area, any trade done in between is personal decision and not part of this analysis

Dollar upmove from 76.45 low extended yesterday above the top of the last two and half weeks trading range -77.20- reaching 77.70 high

as we can see the 4 hr chart the pair couldnt close over the resistant level at 77.50 and the level pull the price back downward with strong bearish push 3 candle formed . i think the pair as it trade down ema50 line it might fall more to test 76.50 level

Although the market recently broke to fresh record lows below 76.00, failure to establish any downside momentum on the break suggests that the market could be looking to establish a more meaningful base.

It is more likely to go up to around 79.50 or higher, and after that, it might have potentially to go down to around 75