Usd/Jpy

[winstead]

USDJPY has formed a cycle bottom at 79.27. Further rise to test 80.37 resistance could be expected, a break above this level indicates that the uptrend from 77.43 has returned, then a further increase to the 81.00 area.

[forexking2]

Expectations remain positive, supported by the moving average also 50, to target levels of 80.70 first, then 81.70, while achievable requires stability above 79.20

[Hammersonic]

Failure to pass back double top 80.13, USDJPY seems to be turned down again tried to penetrate the 79.98 level again.
The success of penetrating 79.98 then the next target in the near future is the 79.75 level,
but if you persist in this area is likely to rebound back to test 80.13 resistance.

[great white]

USDJPY has formed a cycle bottom at 79.27 on 4-hour chart. Further rise to test 80.37 previous high resistance could be expected, a break above this level will indicate that the uptrend from 77.43 has resumed, then further rise towards 81.00 area could be seen. Initial support is at the lower line of the price channel, and the key support is at 79.27, only break below this level will suggest that the uptrend from 77.43 has completed at 80.37 already, then the following downward move could bring price back to 77.00 zone.

[hodhod2000]

Focus in USD/JPY remains on 80.12 minor resistance. Break will indicate that the correction from 80.37 has completed and will turn bias back to the upside. In such case, recent rally from 77.13 should be resuming for 80.61 resistance (50% retracement of 84.17 to 77.13 at 80.65). Before that, another fall could still be seen as correction from 80.37 extends. But we'd expect downside to be contained above 78.86 support (61.8% retracement of 77.93 to 80.37 at 78.86) and bring rally resumption eventually.

[hictor23]

USD/JPY
BUY
Entry :- 79.860
TP1 :- 80.270
TP2 :- 80.680
SL :- 79.044

Note this is just my attempt to predict the price could be right or wrong stop-loss order is very important must put always follow the trend

[forexking2]

usd/achieves increased significantly with the start of trading today, where now skips psychological level 80.00 supported by positive clearly shown by the Stochastic.

[raihan8212]

The U.S. dollar was higher against the yen on Thursday, after Chinese data showed that manufacturing activity improved, while fresh easing measures by the Bank of Japan also weighed on demand for the yen.

USD/JPY hit 80.13 during late Asian trade, the pair�s highest since Tuesday; the pair subsequently consolidated at 79.99, gaining 0.29%.

The pair was likely to find support at 79.51, Wednesday�s low and resistance at 80.37, the high of October 26 and a four-month high.

Market sentiment found support after official data showed that China�s manufacturing purchasing managers� index came in at 50.2 in October, up from 49.8 in September, just slightly below forecasts for a reading of 50.3.

A separate report showed that the final reading of China�s HSBC PMI came in at 49.5 in September, an eight month high.

The data eased concerns over a slowdown in the world�s second largest economy, but investors remained cautious ahead of U.S. data on nonfarm payrolls on Friday and the U.S. presidential elections next week.

The yen also came under pressure as investors resumed selling the currency, following initial disappointment after the BoJ�s easing on Tuesday.

The BoJ increased the size of its asset purchase program by JPY11 trillion, disappointing expectations for more aggressive easing measures.

[mahmoud mohamed tawfik]

long positions at 79.75 with 80.15 and 80.30 as next targets

the breakout of 79.55 will call for arebound towards 79.25

[yudijoni]

Failure to pass back double top 80.13, USDJPY seems to be turned down again tried to penetrate the 79.98 level again. The success of penetrating 79.98 then the next target in the near future is the 79.75 level, but if you persist in this area is likely to rebound back to test 80.13 resistance.