Usd/Jpy

[sheila]

Support: 83.64
Pivot: 84.09
Resistance: 84.54

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

[jeng]

In Asian trading Wednesday, USD/JPY added 0.09% to 84.29.
The pair was likely to find support at 83.60, Monday�s low and near-term resistance at 84.32,
Monday�s high and a 20-month high.

[erespe]

The pair was rejected by resistance level 84.36, perhaps it will likely go back to its daily pivot level (84.09), and may fall further to as low as 83.91

[dollar]

Time frame - H4
the resistance one 84.35 is offering the resistance but this will be breaking soon and it will reach to near 84.52 the next resistance level.
after touching the 84.60 price will change the direction and may be falling to hit next support level at 84.09

Resistance 3- 84.78
Resistance 2- 84.52
Resistance 1- 84.35

Pivot point- 84.09

Support 1- 83.92
Support 2- 83.66
Support 3- 83.49

[Pioner3]

Steam after release from the bottom of the channel continues to form the northern wave rate even managed to strengthen the figure above 84.00 and is now trading above it, while waiting for a course in the opening of this week's session, 84.33, and even at the break of the mark will be adding one more to go long with about the top of the channel.

[winstead]

USDJPY moves to the last stable in the range of 83.92 resistance area. Movement USDJPY is still likely to achieve the next resistance area at 84.56 area. The potential reduction in the range of USDJPY near 83.30 support area.

[munabahi]

usd is more powerful than jpy

[hamza661]

USD/JPY pair was trading in a downward move like we expected, corrective a wave (coloured blue) of the bigger (2) wave (coloured green) was developing. Yesterday during the Asian and European sessions we could observe descending movement from 84.40 toward the 83.58 level and we can consider this move as the end of A wave. Therefore, during the early New York session this major pair did not manage to hold this level and the price started pushing higher reaching a new session�s high at 84.08 level. We can consider this move as the end of the B wave (coloured blue). At the moment the USD/JPY pair was trading around 83.90 level and we are expecting to see the price lower today. In accordance with our wave rules and taking into account that the wave 2 should retrace 50% of the wave 1, we can define the potential targets with measuring wave 1 with take profit at 83.21 (50% of wave 1). To reduce the risk, we can use invalidation at 84.36 level as stop loss.

---------- Post added at 08:24 PM ---------- Previous post was at 08:16 PM ----------

USD/JPY is consolidating after hitting 20-month high of 84.48 on Monday. The rate is underpinned by yen-funded carry trades amid improved risk sentiment (VIX fear gauge eased 3.88% to 16.34; S&P rose 1.19% overnight) as signs of progress in U.S. budget talks raised hopes that the U.S. fiscal cliff of tax hikes and spending cuts can be averted. USD/JPY is also supported by demand from Japan importers and investment trusts; pressure from new LDP government on the Bank of Japan for more aggressive monetary easing - BOJ's scheduled policy statement Thursday is widely expected to announce another expansion of the central bank's asset-purchase program. USD rose to its highest level against JPY since April 2011 on Monday, after a landslide Liberal Democratic Party victory in Japan fueled expectations for more monetary easing. Shinzo Abe, who is set to become Japan's new prime minister, pledged on Monday to increase communication with the Bank of Japan, stoking expectations he will pressure the BOJ to double its current inflation target to 2%. But USD/JPY upside is limited by weaker USD sentiment after surprise drop in NY Fed Empire State's business conditions index to minus 8.1 in December from minus 5.2 in November (vs. forecast for rise to minus 1.0); Japan exporter sales; profit-taking on yen-shorts.

[VANDA_S]

On the hourly chart, price is above the 12 EMA (white) and 72 EMA (blue) indicates the trend is still up
21 RSI is above 50 indicates the trend is still up
Recommendation: BUY
Take profit: 84.67

[Alex]

Just gave a buy signal as entered on the upper area of the fractal + on the main northern trend is also clearly seen as a green alligator moving acted as a strong support level below which the price is not, stop hiding behind this line.