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The short term trend of the pair is to the upside. Intraweek trading range of the pair for this week is among major support at 77.00 and major resistance at 80.00. Based upon my chart analysis, I prefer to buying the pair around 78.30 with target 79.90 and stoploss is below 77.60.
the main point from which you can catch the movement I think will be the bottom line is sloping channel, which is sent to the course, a couple of late is very quiet and I do not think she would be able to break 78.00.
The pair still does not cause any special interest on the daily chart the course continues to trade within a converging triangle, you need to wait for the break one of the boundaries of this figure.
The currency, the dollar yen continues to consolidate in a narrow range.
On ascending the structure can ascertain the completion of the correction and now desire to see the market continue to decline with the breakdown range consolidation. Aggressively treat the sale. Purpose - 77.50. After the breakdown of 78 sales increase. Stop - above 79.
USDJPY is moving around the support level at 78.19
Then, if USDJPY can break this support level, USDJPY may continue falling today and may reach the next support level at around 77.70
http://i46.tinypic.com/34zktfr.png
The short term trend of the pair is to the upside. Intraday trading range of the pair is expected among key support at 77.30 and key resistance at 79.25. Based upon my chart analysis, I prefer to stay aside from the pair until we get a confirm setup for the upcoming big move.
USD / JPY pair now began to move, and went well to the north, repulsed by oblique lines, but so far for the medium-term growth it needs to be enhanced above the normal 78.80, only then you can buy to about 79.85.
steam for its volyatinnosti today and so well shot up, the rate of short-term trading around the horizontal level of 78.70, while the need to buy fish on the correction from this level, and in the medium term, I look to the north.
In the Japanese currency .. it seems interesting situation changed my mind a couple fall further there are some strong spark at the top .. and the price came to 77.70 resistance level, and seems to continue to go on top ... so that we can break through, and the level and then the goal of 79.15 ......
From the shown H4 chart , the pair still moving in a rectangle shown , and it is a chance now to sell as the pair is testing the upper side of the rectangle shown and we can sell with a small stop lose few pips above the rectangle ,
Attachment 3548