Once again, JPY went to a number of strong levels of support, including the level of the inclined and horizontal price level of 79.28, from these levels will likely rebound in a northerly direction to the goal of 80.54.
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Once again, JPY went to a number of strong levels of support, including the level of the inclined and horizontal price level of 79.28, from these levels will likely rebound in a northerly direction to the goal of 80.54.
USD/JPY remains neutral when other pairs are violate. Its rebound from 77.66 is still in favor to continue. Above 80.60, we would be seeing the pair fly to 81.40 and more. Though, below 78.60 the pair could take a drop to 77.50 and more.
Japanese currency broke through the sloping trend line, and while the sale goes to support approximately 79.20, if not then I think strikes below the top of the movement can continue .. the old trend line but on the other hand, ie underneath ....
jpy continues to trade near the strong level of support until the 79.28 rate below this line is not allowed, and given the general trend of increase in the dollar is on this level should expect to rebound in a northerly direction.
The yen is noticeable on the uplink H1 time frame, I opened a short position, I think it would be a retreat to the north, because the couple went to the bottom of the channel and stopped beside her.
The pair has declined below 79.707 this may bring pair to 79.070.
Resistance: 79.707, 80.438, 81.399
Support: 79.070, 78.345, 77.539
The MACD histogram is below the signal line in the negative zone, but gradually rising, the couple keeps a good level of 79.20, the stores themselves a chance for further growth, resistance 80.50 ...
The strong break of 55 days EMA indicates that another rising leg has started targeting 84.17 resistance. But after all, the medium term outlook will stay bearish as long as 85.51 resistance low and we'd expect a new low below 75.56 after the consolidation completes.
No change in USD/JPY's outlook so far. With 78.60 minor support intact, rebound from 77.66 is still in favor to continue. Above 80.61 will target 61.8% retracement of 84.17 to 77.66 at 81.68 and above. Though, below 78.60 will likely extend fall from 84.17 beyond 77.66.
USD / JPY pair did not move strongly today as they moved the rest of the majors but is currently trading under the rising trend that causes us to think about the landing of the pair, where he could not closing above resistance levels since the four days he could not overcome the resistance
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