Usd/Jpy

USD / JPY closed candle doji candle closed the week above the rising trend stochastic regions resides at saturation sell me what gives rise to the possibility of greater

http://www14.0zz0.com/2012/07/29/22/916941708.png

the most likely scenario

the pair can move up to test the 1st resistance on 78.50
alternative scenario

the pair can move down to test the 1st support on 78.35

long positions at 78.3960 with 78.5380 and 78.6900 as next targets

the breakout of 78.2900 will call for a rebound towards 78.0920

http://www14.0zz0.com/2012/07/30/07/833107908.gif

The dollar found support against the yen 78.00, near a well force him to recant some of the rise, especially since the stochastic provide positive signals to a daily timeframe, may be forced to re-visit price levels between 79.00 and 79.25 at the latest.
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Overall, the trend remains bearish scenario in place, depending on trading within the descending channel that shows the picture, and the Millennium begins at 77.00 and 76.30, while achieving stability requires daily close below 79.25
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Expected trading range for this week between: Support and resistance 76.30 79.25
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General tendency is expected for this week: bearish

in standard Japanese, the yen is pronounced 'en' and literally means round object' . it is widely used throughout the world as a reserve currency after the united states dollar .the euro and the pound sterling.and the u.s.dollar is the currency most used in international transactions.

Pullback bulls look probably here. show this bulls probability for today move. I see, this bulls can probably touch max. to near that golden fibo ratio at 61.8 (78.78). So, search for next nice Buy OP= better idea, I see.

The dollar found support against the yen 78.00, near a well force him to recant some of the rise, especially since the stochastic provide positive signals to a daily timeframe, may be forced to re-visit price levels between 79.00 and 79.25 at the latest.

Significant levels of sales will be very important in trading this week

Sales target of 79.06 and 50 for cooling st

A break of 78.00 daily closing below it enter the sale and profit-booking


Thanks

An interesting thing happened on the daily chart, the course on Friday went to the punctured bit earlier level, which was the resistances of 96.90 and today has confirmed a couple of lights out of him, I think will be the medium-term decline.

the most likely scenario

the pair can move up to test the 1st resistance on 78.30
alternative scenario

the pair can move down to test the 1st support on 78.10