Usd/Jpy

[ahmed fakhry]

The yen rose on the background of falling of the Japanese stock markets thus increasing the demand for safe haven assets. The USD / JPY pair fell to Y79.95 during the Asian session, however, during the European session, the pair rose to the level of Y80.28.

[Alex]

USD / JPY in the last few hours has shown strong growth in the north, after that generally there is a great probability of a southern correction, also went to a couple of strong resistance 80.40, from this level, and I expect the beginning of a correction.

[Bieela_cute]

Elliott: irregular flat correction up 80.84
It should test 80.66 area after which a sell off down to 80.07 or extended to 79.77 area is expected.
Technical points
Key point 80.5100
Entry point 80.2400
Elliott 79.9600
Closing 80.3600
Projection 80.6800
Trendline 80.4200
Trendline 80.3200
Supports / Resistances
Res 2 80.7400
Ex-High 80.4400
Res 1 80.5500
Pivot 80.2500
Sup 1 80.0700
Ex-Low 79.9600
Sup 2 79.7700

[new-FX]

Begins USD / JPY trading today passively but still trapped between 79.40 and 80.70 levels
We await bypass price for one of these levels to confirm the next destination .... neutrality now going to get more accurate signals of direction

[romannil]

Usd/jpy technical analysis for 07.11.2012 by using : Auto pivot indicator.

resistance 3:81.06
resistance 2:80.76
resistance 1:80.56

pivot point :80.26

support 1:80.05
support 2:79.75
support 3:79.55

---------- Post added at 10:56 AM ---------- Previous post was at 10:50 AM ----------

Usd/jpy technical analysis for 07.11.2012 by using : Auto pivot indicator.

resistance 3:81.06
resistance 2:80.76
resistance 1:80.56

pivot point :80.26

support 1:80.05
support 2:79.75
support 3:79.55

[great white]

No changed in our view, USDJPY stays in a upward price channel on 4-hour chart, and remains in uptrend from 77.43. As long as the support of the lower line of the price channel holds, the fall from 80.67 is treated as consolidation of the uptrend, and another rise towards 81.00 could be expected after consolidation. On the downside, a clear break below the channel support will suggest that lengthier consolidation of the uptrend is underway, then deeper decline to 79.00 area could be seen.

[raihan8212]

The dollar weakened against the yen on Wednesday as investors rode out electoral uncertainty in the safe-haven Japanese currency.

In Asian trading on Wednesday, USD/JPY was trading at 80.00, down 0.44%, up from a session low of 79.99 and off a high of 80.29.

The pair was likely to find support at 79.28, the low of Oct. 30 and resistance at 80.44, Tuesday's high.

The dollar traded higher against most global currencies as investors waited to see how presidential elections came out in the U.S.

However, investors opted for the yen over the dollar, as both currencies are viewed as attractive safe habors amid times of uncertainty due to their liquidity.

At the time of writing, results have come in largely within expectations though key states including Florida, North Carolina, Ohio, Virginia and Wisconsin have yet to indicate a winner.

Results could push either President Barack Obama or Republican challenger Mitt Romney into office, which kept investors on edge and away from risk.

Results could have major long-range impacts on the dollar, as Mitt Romney has said he favors an end to the Federal Reserve's loose monetary policies, which have significantly weakened the greenback.

[secret alibi]

Overall bias remains bullish, but we need a
clear break at least above 80.40 area to
trigger further bullish momentum aiming
80.80 key resistance area. On the downside,
immediate support is seen around 79.90 area,
a consistent break & daily close below that
area could trigger further bearish pullback
testing 79.60 support area.

Resistance Level : 80.40, 80.80, 81.65
Support Level : 79.90, 79.60, 78.80
Trading Range : 79.90 – 80.80
Trend : Bullish

[tradergalau]

USDJPY
The trend can be down to re-test that 38.2 fib at 80.14. Of course, make search sell with TP before that 38.2 fib at 80.14 is better. But, on other hand = we must also pay attention to that 23.6 fibo at near price 80.34. On my look - if that 80.34 can be break by strong bulls candle then = this could be a trigger for more bulls (here).

[dollar]

Today’s technical analysis

Resistance 3- 81.02
Resistance 2- 80.73
Resistance 1- 80.53
Pivot point- 80.24
Support 1- 80.05
Support 2- 79.76
Support 3- 79.57

if we look in daily chart with stoch. indicator we find that pair is totally overbough so we can expected price will move in down side price may be retrace from the level 79.95.