Usd/Jpy

[santiika]

USD/JPY Daily Outlook

Daily Pivots: (S1) 83.56; (P) 83.93; (R1) 84.26;

USD/JPY retreated from 84.32 and with 4 hours MACD crossed below signal line, intraday bias is turned neutral for some consolidations. We'd continue to be cautious on reversal signal and USD/JPY has already hit 84.17/85.51 resistance zone. Though, break of 82.83 support is needed to indicate short term topping first. Otherwise, outlook will stay bullish. Above 84.32 will target 85.51 key resistance.

In the bigger picture, rise from 77.13 is viewed as a leg inside the consolidation pattern from 75.56. Such rally could extend to 84.17 and above. But after all, there is no clear indication of long term trend reversal yet. As long as 85.51 resistance holds, we'd expect the downside from 124.13 to resume sooner or later to a new low below 75.56. However, decisive break of 85.51 will be a sign of medium term reversal and strong rise should then at least be seen to 55 months EMA (now at 87.42) and above.

[sonyole]

Simple analysis of the pair USD / JPY, December 18, 2012.
Indicators H1 time frame, as the signal MACD CCI cross sell, AO is also already in the area sell. This shows that the pair USD / JPY downtrend will start on time frame. As the first destination was 83.54 (support 1), and destination 2 is 83.20 (support 2). Good luck ..........

[genjer fx]

For USDJPY - this loom still to probably pullback to down bearish as long as the buyer still can not up again more to that so strong supply zone at 84.36. On simple say - if we want to take sell OP here = just make sure to set SL on above that supply zone at 84.36.

[forexking2]

For USDJPY - this loom still to probably pullback to down bearish as long as the buyer still can not up again more to that so strong supply zone at 84.36. On simple say . if we want to take sell OP here . just make sure to set SL on above that supply zone at 84.36.

[sheila]

Support: 83.19
Pivot: 83.95
Resistance: 84.72

trendspotter buy
7 day average directional indicator buy
10-8 day MA hilo channel buy
20 day MA VS Price buy
20-50 Day MACD oscillator buy
20 Day Bollinger Bands buy

Technical Analysis for USDJPY 100% Buy

[ALLIANZ]

USD / JPY moves stabilized by persisting in the range of 83.92 resistance area. Movements in the Asian session today USD / JPY likely will not move significantly. But later in the day ahead of the European session, the movement of USD / JPY is still likely to reach the next resistance area at 84.56 area. The potential drop in the USD / JPY nearby in the range of 83.30 support area

[hamza661]

USD/JPY is consolidating with bullish bias after surging to 20-month high of 84.48 this morning on resounding return to power by the Liberal Democratic Party in elections in Japan over the weekend. USD/JPY is underpinned by belief that LDP leader Shinzo Abe will fulfill his promises to turn on the fiscal taps, reduce the value of the yen, and pressure the Bank of Japan into much more aggressive quantitative easing to pull Japan out of recession and prolonged deflation. USD/JPY is also supported by demand from Japan importers and investment trusts. But USD/JPY gains tempered by Japan exporter sales; concern over deadlock in U.S. lawmakers' debt negotiations to avert the fiscal cliff

[Pioner3]

||||By jpy now can get a great position to buy a pair finally went to the lower boundary of the rising bullish channel formed around her double bottom and divergence followed by a buy signal MASD, the underlying trend continues to the north, the goal could easily be the upper limit of the channel.|||||

[winstead]

USDJPY also experienced a gap up, challenging the strong resistance at 84.18. Overbought conditions in general and strong resistance at 84.18 suggests a short-term weakening of the next phase. Strong long-term resistance is at 85.53.

[sarfrazonline1]

USD/JPY INTRADAY: TURNING DOWN.
Pivot: 84.2

Most Likely Scenario: Short positions below 84.2 with targets @ 83.4 & 83.2 in extension.

Alternative scenario: Above 84.2 look for further upside with 84.4 & 84.7 as targets.

Comment: The pair is breaking below its support as the RSI is badly directed.