Usd/Jpy

[great white]

USDJPY has formed a cycle bottom at 77.94 on 4-hour chart. Further rise to test 78.86 resistance would likely be seen,
a break above this level could signal resumption of the uptrend from 77.43,
then next target would be at 80.00 area. Support is at 77.94,
only break below this level could bring price back to 77.00 area.

[najmul.djd]

usd/jpy technical analysis using average directional movement index

+di :25.3252
-di :6.9498
adx:35.8519

time: 0800
date:16.10.2012

[romannil]

Usd/jpy technical analysis for 16.10.2012 by using : Auto pivot indicator.

resistance 3:79.46
resistance 2:79.17
resistance 1:78.91

pivot point :78.62

support 1:78.36
support 2:78.07
support 3:77.81

[latik]

i think USD/JPY technical analysis ▻ review of the major events that will move the Japanese Yen and dollar/yen during the week.

[raihan8212]

The dollar rose against the yen on Tuesday after U.S. retail sales beat expectations, while Japanese industrial output figures fell short of market forecasts.

In Asian trading on Tuesday, USD/JPY was trading at 78.83, up 0.23%, up from a session low of 78.72 and off a high of 78.85.

The pair was likely to find support at 78.33, Monday's low, and resistance at 78.86, Monday's high.

The Commerce Department reported earlier that retail sales rose by a seasonally adjusted 1.1% in September, outpacing market calls for a 0.8% increase.

Retail sales in August were revised up to a 1.2% gain from a previously reported increase of 0.9%.

Core retail sales, which exclude automobile sales, rose by 1.1%, beating expectations for a 0.6% increase.

Elsewhere, manufacturing activity in New York state contracted for the third consecutive month, which marred the yellow metal's luster in the session.

The New York Federal Reserve's index of manufacturing conditions improved to -6.2 in October from -10.4 in September, but missed analysts' predictions for a reading of around -4.5

The data sent the dollar weakening against most other currencies as investors sought out risk, though the safe-haven yen weakened on the data as well.

Meanwhile, industrial production in Japan fell more than expected in August.

In a report, the Ministry of Economy, Trade and Industry said that industrial production fell 1.6% in August after contracting 1.3% in July.

Analysts had expected industrial production to fall 1.3% last month.

[Bieela_cute]

Elliott: impulse wave up 79.14
Strength can extend to 78.75 or 78.89 as declines are expected to find support at 78.49 or 78.36. A fall below 78.08 could turn it bearish.
Technical points
Key point 78.7000
Entry point 78.5800
Elliott 77.9500
Closing 78.6500
Projection 78.9900
Trendline 78.4900
Trendline 78.5200
Supports / Resistances
Res 2 79.1400
Ex-High 78.8600
Res 1 78.8900
Pivot 78.6100
Sup 1 78.3600
Ex-Low 78.3300
Sup 2 78.0800

[monir01]

i was mitaken, that all time low was generate at
the time of japan earth quake, When we see history
price keep on falling slowly i think we don't see
price in future in 85 level.
yes you are right due to japan earth quake its fall
many pips..but now we can see little bit improvement near 80.16..and once again this pair
at this price level so we expect little bit more
improvement

[hodhod2000]

USD/JPY jumps sharply today with focus now back on 78.86 minor resistance. Break will argue that rise from 77.13 is resuming and will turn bias to the upside for 79.22 resistance first. Also, note that we still favor the case that whole decline from 84.17 has completed at 77.13 already. Rebound from 77.13 should target 80.61 resistance (50% retracement of 84.17 to 77.13 at 80.65) on resumption

[raihan8212]

The U.S. dollar extended gains against the yen on Monday after official data showed that U.S. retail sales rose more-than-expected in September, increasing for the third successive month.

USD/JPY hit 78.86 during European afternoon trade, the pair�s highest since October 5; the pair subsequently consolidated at 78.79, gaining 0.46%.

The pair was likely to find support at 78.32, the session low and resistance at 79.02, the high of September 6.

The Commerce Department said U.S. retail sales rose by a seasonally adjusted 1.1% in September, beating expectations for a 0.8% increase.

Retail sales in August were revised up to a 1.2% gain from a previously reported increase of 0.9%.

Core retail sales, which exclude automobile sales, rose by 1.1%, outstripping expectations for a 0.6% increase.

A separate report showed that the New York Federal Reserve�s index of manufacturing conditions improved to minus 6.2 in October from minus 10.4 the previous month, but remained in contraction territory for the third consecutive month.

The dollar made gains against the yen earlier in the session after official data over the weekend showed that China�s trade surplus widened in September as export demand increased, easing concerns over a slowdown in the world�s second largest economy.

Meanwhile, uncertainty over whether Spain will request a bailout remained a source of concern.

[winstead]

USDJPY next target would be at 80.00 area. Support is at 77.94, only break below this level could bring price back to the 77.00 area.