Usd/Jpy

[Victoryindia]

Dollar upmove from 76.45 low extended yesterday above the top of the last two and half weeks trading range -77.20- reaching 77.70 high

[jai]

If a M15 close above 78 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 77 sell only and do not buy. If price closes back above it again do nothing

The range 78 and 77 is neutral area, any trade done in between is personal decision and not part of this analysis

[jai]

It is more likely to go up to around 77.80 than 78.32, and after that, it might have potentially to go down.

[Victoryindia]

Money goes to where it is treated better, and in this case that is starting to tilt towards the United States. While it is too early to call this a buy at this point, if we reach 77.50, we feel this pair will keep rising.

[siddesh]

we can see that the pair has closed it's daily candle above 77.00 . so , that's means that up trend is expected and the pair might head to 77.25 and then 77.50 ,but also the hourly correction is expected before continue in the up trend

[siddesh]

we can see that the pair has failed in breaking 76.50 and bounced from it , so that's mean the up trend is expected and the pair might head to 77.00 and then 77.20

[Victoryindia]

The Dollar advanced after Moody's downgraded Japan's ratings, reaching day highs at 76.85, to retrace gains afterwards, partly due to disappointment on MoF's measures to curb yen strength, returning to day lows around 76.50.

[siddesh]

we can see that the pair has closed it's daily candle above 76.50 . so , that's means that up trend is expected and the pair might head to 76.80 and then 77.00 ,but also the hourly correction is expected before continue in the up trend

[siddesh]

Now, with the all-time low set at 75.936 for the time being, Japanese governmental officials made the rounds over the weekend and at the start of trading this week by further suggesting that they are “watching” the markets once more

[sagar]

the pair is trading now above the level of 76.50 and that's mean the uptrend is still standing and the pair might reach 76.80 , but if the pair succeeded in breaking 76.50 , it will continue in down trend heading to 76.30 and then 76.10