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The USD / JPY pair was trading around the level of Y82.50 during the Asian session. When the investors showed the interest for safe heaven assets the yen strengthened against all major currencies. The USD / JPY pair fell to Y82.10 level on the news from Europe on retirement of the current Prime Minister of Italy, Mr. Monti.
USDJPY movement tends to still be trading below 82.66 resistance area and above the 81.82 support area. However, if the 82.66 resistance area permeable higher, then the target increases further USDJPY likely to reach above 83.00.
Support: 82.19
Pivot: 82.46
Resistance: 82.73
trendspotter buy
7 day average directional indicator buy
10-8 day MA hilo channel hold
20 day MA VS Price buy
20-50 Day MACD oscillator buy
20 Day Bollinger Bands hold
Technical Analysis for USDJPY 60% Buy
Till now .I see, the USDJPY on look still sideways with weak bulls. If that 23.6 fib (82.56) can be break up again by buyer Yes it's probably can be trigger for more bulls here to re-test the strong supply at 82.82.
USD/JPY is still bounded in range of 81.68 and 82.83 and intraday bias remains neutral. On the upside, break of 82.83 will extend the rise 77.13 to 84.17 resistance. Though, we'd be cautious on topping signal there. On the downside, below 81.68 will extend the consolidation lower. But in that case, downside should be contained above 80.67 resistance turned support and bring rally resumption.
In the bigger picture, rise from 77.13 is viewed as a leg inside the consolidation pattern from 75.56. Such rally could extend to 84.17 and above. But after all, there is no clear indication of long term trend reversal yet. As long as 85.51 resistance holds, we'd expect the downside from 124.13 to resume sooner or later to a new low below 75.56.
short positions at 82.81 with 82.55 and 82.35 as next targets
the breakout of 83.12 will call for arebound towards 83.50
JPY today pleased breakthrough medium horizontal resistance level of 82.75, this breakthrough was a strong signal to the North since opened a huge potential for further growth in the north on the main trend has yet to figure 83.00, the overcoming of which add another purchase.
time frame- H1
i think this will be a good chance for collecting some good pips because price is reached it daily resistance 82.88 level and as per stoch indicator analysis price is over sold.
this price is not able to break it upper resistance 82.95 so short with 82.95 stop loss and take profit is 82.75
Couple finally came out of the trading range and still broke the upper area of fractals that gave a strong signal to buy alligator sliding signal formed three lines signal the continuation of the northern trend movement, intends to reach similar price to the local maximum 84.00.
On the H1 chart price is above the 12 EMA (red) and 72 EMA (blue) indicates the trend is still up
21 RSI is above 50 indicates the trend is still up
Recommendation: BUY
Target: resistent: 82.72/82.88
SL: 83.45
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