Usd/Jpy

[niknik]

Trade since 8283 may compose a triangle. Friday’s FX Technical Weekly provides a detailed look at what may be going on longer term. Near term, the 4th wave interpretation suggests a terminal thrust higher through 8283. Watch 8356 for a reversal. The scenario fits nicely with NFP tomorrow.COT positioning is not to be ignored.

FOREXTrading Strategy: There are several ways to play this. I’d consider longs only if able to get in at 8200 with an 8165 stop. Another option is selling into 8356 if reached, which I would consider only if reached tomorrow before the US market opens.

LEVELS: 8116 8168 8200 8283 8356 8417

[santiika]

Intraday bias in USD/JPY remains neutral for the moment but note again that consolidation from 82.83 should be finished soon. Break of 82.83 will extend the rise 77.13 to 84.17 resistance. Though, we'd be cautious on topping signal there. On the downside, below 81.68 will extend the consolidation lower. But in that case, downside should be contained above 80.67 resistance turned support and bring rally resumption.

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.

[forexking2]

For USDJPY trend - this look still to probably bearish. this bearish still play as long as buyer can not up again to more that so strong supply zone at 82.82. So, with this look - of course, make search for nice sell is better - but with use Stoploss for sell on above that 82.82

[secret alibi]

USDJPY failed to break above 82.83 resistance, and pulled back from 82.82, suggesting that a cycle top has been formed on 4-hour chart. Lengthier consolidation in the range between 81.69 and 82.83 would likely be seen in a couple of days. As long as 81.69 support holds, the sideways movement is treated as consolidation of the uptrend from 79.07, and another rise towards 85.00 could be expected after consolidation.

[amni572]

Overview
The H4 chart demonstrates today that silver takes an upward move after its rebound from the Support level 32.50 and currently it is trading between the Support level 32.75 and the Resistance level 33.25. If silver fails to break it and bounces again it may take a bearish move after its rebound from the Resistance level 33.25...

[sheila]

Support: 81.86
Pivot: 82.50
Resistance: 83.15

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

Technical Analysis for USDJPY 60% Buy

[erespe]

USDJPY now is moving down under its daily pivot, I think this pair will go lower towards 82.16. However if it go back above the pivot, the pair is possible to rise to 82.80 level.

[fanikakkoo]

Ye pair downtrend ke movement par hain par agar ye 80.71 touch hota hai to 81.21 tak jaa sakta hain. Maine 80.66 me sell kiya tha aur 80.12 me closed kar diya.

[Vamos]

While the reversal is not clear, and in the last days of last week, the U.S. dollar began to rise in the very good price, so Cho there will just be a logical continuation of a trend which has already begun on the top .. especially couples and configuration helps to think so, the price is more biased towards horizontal resistance ...

[fanikakkoo]

Today,Initial support is located at 80.00 (Big figure support) followed by 79.57 (May 5 low). Initial resistance is now at 81.33 (Jun 2 high) followed by 81.77 (May 19 high)