Usd/Jpy

[winstead]

USDJPY bullish gone up significantly without much retracement. After rising nearly 190 pips, the price is now experiencing a little setback. I estimate that this decline could be halted at around 79.50.

[hodhod2000]

The trading range for today is among key support at 77.60 and key resistance now at 81.50.
The general trend over short term basis is to the upside targeting 87.45 as far as areas of 75.20 remain intact

[hawk jet]

The USD/JPY pair shot straight up during the session on Thursday as the bullishness in this market continues. In fact, it is the first time that we have closed over the 80 handle and quite some time. This is a significant break out, and if we can get above the 80.50 level, we would have a clear path all the way to the 84 level.

[ashaab]

The short term trend of the pair is to the upside. Intraday trading range of the pair is expected among key support at 77.60 and key resistance at 81.50. Based upon my chart analysis, I prefer to buying the pair around 79.65 with targets 80.50 then 81.50 and stoploss is below 78.60.

[Bieela_cute]

Elliott: extended impulse wave up 80.81
Current rise seems to be over near 80.32 or 80.50 for a retracement towards 80.14 - 80.04 area.
Warning: End of trend - Imminent end of bullish move
Technical points
Key point 80.5400
Entry point 80.1000
Elliott 79.6900
Closing 80.3000
Projection 80.6700
Trendline 79.7700
Trendline 79.8500
Supports / Resistances
Res 2 80.7100
Ex-High 80.3400
Res 1 80.5000
Pivot 80.1400
Sup 1 79.9300
Ex-Low 79.7700
Sup 2 79.5700

[turabawan8]

EUR/USD keeps the red after Spanish data

he single currency remained apathetic after the unemployment in Spain climbed to a new record high at 25%, a hair below esteimates at 25.1%, but higher than the previous 24.63%, confirming that the labor market in the Mediterranean country is farther from the slightest sign of improvement. The gloomy data couples with the drop in the French Consumer Confidence index to 84 in October from 85

Next on tap will be the US GDP Annualized for the third quarter. Prior surveys expect the American economy to grow 1.9% vs +1.3% previous. The Reuters/Michigan Consumer Sentiment index will follow, with consensus calling for 83

[Jobs]

Yes endorse the continuation of the northern movement .. in my pair very well entrenched above break of 79.65, having formed in the same very clear support ... so I think the growth will continue to around 80.55 ...

[Alex]

Couple entered the southern correctional stage next strong level of support from which to catch a turn to the north-79.70, as long as the pair is better to watch, just consider selling the pair will manage to overcome 79.70.

[turabawan8]

Majors Daily Forecast 26 October 2012

Trading range: 80.30 - 79.40

Trend: Downward

Sell at 80.19 SL 80.51 TP 79.47

[great white]

USDJPY’s upward movement extends to as high as 80.37.
Further rise is still possible after a minor consolidation, and next target would be at 81.00 area.
Support level is now at 80.00, as long as this level holds, the uptrend will continue.