Usd/Jpy

pattern below resistance at 79.58, the 61.8% Fibonacci retracement, hinting a move lower is ahead. Near-term support is in the 79.12-26 area, marked by the 50%

An unexpected fall has brought price to as low as 78.30, suggesting that the uptrend from 77.92 has completed at 79.65 already. Further decline to test 77.92 previous low support would likely be seen, a breakdown below this level will target 77.00 zone.

After yesterday's growth in the Japanese currency, the pair continues to hold the 78.60 resistance level ... but something I faintly be believed that the pair after that will quickly go back, I think can still fall ... but I will start from the breakdown or release from 78.60 ....

Pair did rebound from the bottom of the Ichimoku cloud (on the daily chart) and today very much fallen, the course still has considerable power reserve, and I think to be the support level around 78.00.

Yesterday's sharp fall in USD/JPY and break of 78.78 minor support indicates that rebound from 77.99 is already completed at 79.65. Intraday bias is now back on the downside for 77.99 support. Recent price actions from 77.66 should either be a three wave consolidation pattern that's completed at 79.65, or a five wave triangle pattern. In either case, recovery attempt should be capped below 79.65 resistance and downside breakout is expected eventually. Below 77.99 should extend the fall from 84.17 through 77.66 towards 75.56/76.02 support zone.

The USD/JPY pair fell rather significantly during the session on Wednesday, facilitated by the Federal Reserve released that suggested many of the members are willing to step in and increase monetary easing if the US economy doesn't pickup.

Pair up again south downs, keep the short position, the main purpose of bears, I think the support level around 78.00, only on this level is likely to resume growth.

resistance at 79.58, the 61.8% Fibonacci retracement. Near-term support is now seen at a falling trend line set from late June (78.25), with a break below that exposing 77.96. Resistance is found at 78.65, with a push back above that targeting the 79.12-26 area marked by a former range bottom and the 50% Fib.

There still was not a significant movement on USDJPY until now. This pair still move around 78.19 level. So, the yesterday's high and low become a critical point for USDJPY now.
If USDJPY can break the yesterday high, this pair has a potential to go up and reach the resistance level at 78.61
If USDJPY can break the eysterday's low, this pair has a potential to fall and reach the support level at 77.70

USDJPY has been rejected by the resistance level at 78.61
I think USDJPY will fall and may reach the support level at 78.19
But if USDJPY can break the last Friday's high at 78.76, USDJPY may go up to the next resistance level at 79.16