USDJPY’s uptrend from 82.11 extends to as high as 83.72.
Further rise could be expected after a minor consolidation,and next target would be at 84.00 area.
Support is at 83.20, as long as this level holds, the uptrend will continue.
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USDJPY’s uptrend from 82.11 extends to as high as 83.72.
Further rise could be expected after a minor consolidation,and next target would be at 84.00 area.
Support is at 83.20, as long as this level holds, the uptrend will continue.
Today that stratedgy will be used. SELL usdjpy at the rate 82.45 Stop loss at the rate 82.65 take profit at 1 20 pips take profit 2 40 pips take profit 3 100 pips.
Spoiler:
On hourly 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: R.84.37
SL: 83.29
Daily Pivots: (S1) 83.28; (P) 83.48; (R1) 83.83;
USD/JPY rises further to as high as 83.96 so far today and intraday bias remains on the upside for 84.17 resistance next. We'd be cautious on topping signal after USD/JPY breaks this resistance. But sustained break there will target key long term resistance level at 85.51. On the downside, below 83.24 minor support will turn bias neutral first. Though, break of 81.68 support is needed to indicate near term reversal. Otherwise, we'll stay bullish even in case of retreat.
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.
The trend seems to continue the pair pair drew a new high and is now doing a rollback break of 83.60 see that a few hours then tested level, so it is very possible that by the end of the day the price will again be at the maximum of 84 ...
The pair succeeded in the dollar against the yen to achieve a daily closing above 83.40 and is now moving positively and is Asernho goals at 85.50
And keeps the upward trend is not broke level of 82.90
-Support 82.9
-Resistance 85.60
General trend is to the upside
The yen fell against the dollar ahead of the publication of the index of confidence of the large industrial enterprises calculated by the Bank of Japan. The USD / JPY pair rose to Y83.68 during the Asian and European sessions.
USD\JPY
MACD : up
Momentum : up
Parabolic : up
time frame- H1
analysis as per stoch and pivot points.
today price is not able to break it second resistance 83.99 but it also not break the pivot point 83.47. price is moving with in this range so we can move in the direction of break out. the possibility that price will break the lower side and falling continue to till 82.95
USD/JPY
• The Bank of Japan’s quarterly tankan survey of corporate sentiment showed that big Japanese manufacturers are the most pessimistic they’ve been in almost three years as the territorial disputes with China and the European slump depress exports.
‟With the Fed having switched its policy target, there’s a chance that the Bank of Japan will also ease policy further at its meeting on Dec. 20th. We expect the yen to continue to weaken. "