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I would like to analyze in long term view of the pair. In H4 chart, the price is in downtrend because it is below the Ichimoku Kumo Cloud and EMA 200. So, I think the price will increase slightly to the Kumo Cloud and then it will decrease strongly.
http://s8.postimage.org/4wxq0pbo5/image.jpg
usdjpy has spiked higher on AZUMI comment and this move can start covering bearish trend at least for a while,the first resistance is 0.7994-0.8000 near the 50 % retracement of last small bearish wave.however the oscillator showing overbought and there is high probability to move back from 0.800 area .
The RSI is mixed bullish. Long position is prefaerable at 78.5 and target 79.1 and 79.25. If it goes to below 78.45 then it goes to downward movement target 78.1 and 77.9
The RSI is mixed bullish. Long position is preferable at 78.95 with price targets of 79.65 and 79.85. If it goes to below 78.90 then we can expect downward movement with 78.75 and 78.45 as price targets.
Chart USD / JPY - Candle 4 Hours
Looks USD / JPY continues to move rebound this week
and is currently managed through the closest resistance in the range of 79.20.
That way, quite likely for USD / JPY to test the next resistance continued gains in the range 80.15
Chart USD / JPY - Candle 4 Hours
Having climbed up to resistance at 79.85, it appears today USD / JPY started to turn down.
Actually it can be seen that the USD / JPY has been falling out of the channel, but if USD / JPY back down to break through support at the 78.85 range, then this may indicate that the USD / JPY failed to get out of its bearish trend.
If the support at 78.85 can be skipped, then the USD / JPY is likely to re-test support in the 77.60 range.
this pair bullish as correction at last week, and now this pair at the strong weekly resistance.
its posible to be bearish trend nextweek if price can not break this resistance so trend will be follow the major trend for next week :
Spoiler:
My weekly analysis :
in the previous week we have in H4 Chart an exact broken down trend and a perfect retest for the trend so there is no doubt that the new week will start with some pips towards up and it will reach 80.58 level easily in the coming week
Attachment 1317
and if we look for the daily chart we will see that the price cross the down channel towards up that means it will go some levels towards up
but may be it will go in up trend and may be it will continue down but in another channel
Attachment 1318
The RSI is mixed bullish. Long position is preferable at 79.15 with price targets of 79.85 and 80.10. If it goes to below 79.1 then we can expect downward movement at price targets 78.9 and 78.75.
USD / JPY moves poorly in the first days of this day the husband was able to penetrate the falling trend reversal candle and the fact that The Last Days of the previous week on 23 fibonacci retracement of the closure of us Alantdhar Fibonacci under 23 to make sure that the return of the pair to fall again
http://hh7.an3m1.com/Sep/an3m1.com_145b0b9a791.png