Usd/Jpy

[raihan8212]

The U.S. Dollar was lower against the Japanese Yen on Thursday.

USD/JPY was trading at 80.27, down 0.04% at time of writing.

The pair was likely to find support at 79.22, Monday�s low, and resistance at 80.38, today�s high.

[nurdiantofxwave]

USD/JPY continued strenghthening position since yesterday. Price success break up weekly ressistance 2 level (80.17). Trend for medium and long term also look up. this can add support for price to go up again in this day. Signal stochastic in tf h1 and m 30 also shown in oversold area, so price predicted will rise strong.

[Bieela_cute]

The USDJPY rallied after consolidating for 2 days. To review, price formed a “JS Thrust (JST) day Monday. JST days are useful in establishing reference points to trade from, especially at high risk levels (like now) where being bullish feels like chasing. The last 4 bullish breakout bars (daily) are Monday, 8/16, 6/21, and 2/9. The only one that worked was 2/9 although it worked amazingly. This is why 7920 is so important.” Levels to keep an eye on moving forward are 8064 and 8150.

FOREXTrading Strategy Implications: Market risk is higher but still against 7921. One cannot dismiss a drop below 7969 before bullish continuation as per near term wave structure.

LEVELS: 7886 7921 7969 8065 8100 8148

[hodhod2000]

USD/JPY's rally resumed after brief consolidations and reaches as high as 80.23 so far. Intraday bias is back on the upside for 80.61 resistance (50% retracement of 84.17 to 77.13 at 80.65) next. Sustained break there will open the way for 84.17 resistance next.

[najmul.djd]

usd/jpy technical analysis by using : average directional movement index

adx : 49.7561
+di : 22.4336
-di : 15.7921
timeframe : 1 hour

time : 1900
date : 25.10.2012

[raihan8212]

The U.S. dollar was hovering close to a four-month high against the yen on Thursday, amid speculation over more easing by the Bank of Japan, but remained weaker against the pound following stronger-than-expected U.K. economic growth data earlier in the day.

In U.S. morning trade, the dollar was hovering close to a four-month high against the yen, with USD/JPY up 0.44% to 80.15.

The yen remained under broad selling pressure amid mounting speculation over the possibility of more easing by the BoJ at its upcoming policy meeting on October 30.

In the U.S., official data showed that durable goods orders, which include transportation items, jumped by a seasonally adjusted 9.9% in September, compared to expectations for a 7.1% gain.

Excluding volatile transportation items durable goods orders rose by a seasonally adjusted 2.0% last month, beating expectations for a 0.8% gain.

Separately, the Labor Department said the number of people who filed for unemployment assistance in the U.S. last week fell to 369,000, from 392,000 the previous week, compared to expectations for a decrease to 370,000.

[winstead]

USDJPY continued it's bullish momentum earlier today slips over 80.00. The bias remains bullish in nearest term testing 80.50 or higher.

[ahmed fakhry]

The USD/JPY pair had a very quiet session on Wednesday as we essentially went nowhere by the end of the day. We currently hover around the 79.75 level, just under the all-important 80 handle. If the 80 handle gives way to the buyers, this market could begin to accelerate to the upside.After all, this area has been massive resistance over the months recently, and as such we think that would signify acceleration of buying.
However, we think this extends to a zone all the way up to 80.50 or so. Because of that, we would be a little cautious at first, but once we made new high we would be more willing to press the accelerator down in order to take advantage of what should be a relatively strong move. As for selling, if we see some type of bearish action in this general vicinity, we are more than willing to start selling as well as we think it would simply be a return to the consolidation area going all the way down to the 77.50.

---------- Post added at 11:29 AM ---------- Previous post was at 11:27 AM ----------

The USD/JPY pair had a very quiet session on Wednesday as we essentially went nowhere by the end of the day. We currently hover around the 79.75 level, just under the all-important 80 handle. If the 80 handle gives way to the buyers, this market could begin to accelerate to the upside.After all, this area has been massive resistance over the months recently, and as such we think that would signify acceleration of buying.
However, we think this extends to a zone all the way up to 80.50 or so. Because of that, we would be a little cautious at first, but once we made new high we would be more willing to press the accelerator down in order to take advantage of what should be a relatively strong move. As for selling, if we see some type of bearish action in this general vicinity, we are more than willing to start selling as well as we think it would simply be a return to the consolidation area going all the way down to the 77.50.

[turabawan8]

Majors Daily Forecast 25 October 2012

USD/JPY

Trading range: 79.80 - 80.75

Trend: Upward

Buy at 79.93 SL 79.61 TP 80.65

[Hammersonic]

The movement of USD / JPY today is expected to occur breakout from sideway area from 79.69 to 79.95. With the U.S. Dollar which tends to be favored, then the chances of a break-larger high. With the increase in the target logical USD / JPY today would be possible to reach the area above the level of 80.00 yen to the range of resistance that formed the area from 80.21 to 80.55.
While the potential for movement down the USD / JPY only be indicated if the movement could fall through the lower area of ​​the lower-sideway 79.69, the target reduction in the USD / JPY is the next area of ​​support in the range of 79.40 -79.17.