Usd/Jpy

g bahe ap ny yae aik acha topic diccust k liay chuna hy jpy/usd dono strong curanccy hy is leay is main trade karny sy ziyada lose ka dar nahe aur dono hi strong aur papular hy

The pair continues to consolidate in the range of 78.50 - 78.00 and is now at around 78.30. Trying to exit the corridor, as expected, limited resistance to 78.90/80. Indicators continue to show neutrality, leaving the high uncertainty and the likelihood of continuing consolidation in the corridor formed. Prospects "bullish" trend will now depend on the breakdown of resistance 78.90/79.00, bear the same extension is possible to solve all of the same problem - securing support below 78.00. In this case, there will be reason to wait for the test levels of 77.80/60 and then 77.20.

USDJPY is touching the resistance level at 78.61
I think USDJPY is in bullish sentiment now, then, if USDJPY can break the yesterday's high at 78.73, this pair may go up to the next resistance level at 79.16

http://i49.tinypic.com/2d1o4kl.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 79.55. Based upon my chart analysis, I prefer to buying the pair around 78.30 with target 79.90 and stoploss is below 77.60.

Yesterday a couple of still strayed from the horizontal level of resistance 78.72, and then continues to fall today, while I'm waiting when the rate closer to the inclined support level, from which I will buy it.

A small lot has to purchase the course approached, made ​​contact of an inclined level (which is several times went to the north) and made the turn at the top, the goal until I at least, is near the horizontal resistance of 78.70.

Support & Resistance 08/08/2012

Sup 1 : 78,84
Sup 2 : 79,08
Sup 3 : 79,42

PIVOT : 78,50

Res 1 : 78,26
Res 2 : 77,91
Res 3 : 77,68

While the pair is held above the support of 77.65 in the short term remains the likelihood of recovery in the region 79.00-79.15, where the 50 - and 200-day SMA, and a further breakthrough in the 80.00-80.60 range of resistances, where the 100-day SMA and the level of 38.2 FIBO% correction from the reduction of 84.16-77.64. However, if the couple overcome the support of 77.65, this development confirms the downward trend in the direction of key support in the region of 75.55-76.00.

USDJPY is moving between the support and resistance level now
If USDJPY can break 78.61, USDJPY may go up to the resistance level at 79.16
If USDJPY can break 78.19, USDJPY may fall to the support level at 77.70

Support & Resistance 09/08/2012

Sup 1 : 78,65
Sup 2 : 78,87
Sup 3 : 79,08

PIVOT : 78,44

Res 1 : 78,23
Res 2 : 78,01
Res 3 : 77,80