Usd/Jpy

maine right entry point kho di he. aaj usd jpy ka upor jane ka chance he. isliye main abhi pending order de raha hoon.
buy pending at 78.07
tp 78.37
sl 30 pips

The Dollar is the best performer so far during the American session and is rising even against the Yen despite risk aversion. USD/JPY is recovering ground after bottoming at 77.55,

waise aaj ek reversal buy anewala he par main abhi ek sell order dunga.
sell usd jpy at 77.78
tp 1st 20 to 30 pips
sl 30 pips

From bank sources:
large stops spotted in -76.25/75.00.
Offers in 78.00-10.
More offers 78.25/50 stops building above these levels

The latest daily close below 79.50 certainly compromises our constructive outlook with the market breaking down below some solid multi-day range support in the 80.00 area and dropping into the 77.00’s thus far.

This now puts the pressure back on the downside and opens the door for a retest and potential break below the record lows from March by 76.30. At this point, a daily close back above 78.70 would be required at minimum to relieve downside pressures.

This now puts the pressure back on the downside and opens the door for a retest and potential break below the record lows from March by 76.30.

USDJPY during the Asian of the session saw a further decline. Strengthening yen could still be worse to dampen Japan's industrial production and also of leading economic index. Price and kept overnight supporte line that is still closest to supporte 77.42

The pair is moved down to test the support on 77.56
if this is breaked we can see the pair move down
if this support is not breaked we can see the pair move up to test the 1st resistance on 77.69

USD/JPY's rebound from 75.98 low was held by medium term long term falling trend line as well as the 55 weeks EMA. Thus, down trend from 124.13 could still be in progress.