Usd/Jpy

[forexking2]

the pair resumes trading positive approaching barrier pivotal resistance 79.20, and to penetrate the price this level upwards, we will remain on the sidelines until we have signals confirm precisely the direction of the next, as the penetration level mentioned will be open orientation levels 80.00 80.70 initially,while break 78.45 is a preliminary signal to try to return to the bearish channel again.

[ashaab]

The short term trend of the pair is to the upside. Intraday trading range of the pair is expected among key support at 77.90 and key resistance at 80.50. Based upon my chart analysis, I prefer to buying the pair around 78.80 with target 80.30 and stoploss is below 77.90.

[romannil]

Usd/jpy technical analysis for 18.10.2012 by using : Auto pivot indicator.

resistance 3:79.60
resistance 2:79.34
resistance 1:79.14

pivot point :78.87

support 1:78.67
support 2:78.41
support 3:78.21

[ispgamer]

USDJPY is moving near the 79.16 resistance level now. I think USDJPY will touch that resistance level today. Then, if USDJPY can break that resistance, this pair may goes up to the next resistance level at 79.76. But if fail to break, USDJPY may makes some reversal movement.

[Jobs]

The USD / JPY is increasingly rising to the top is very close to the 79.00 resistance level and it seems that soon prepared sample minima ****ually clamped to the top and a couple simply has to go somewhere and shoot .... I am inclined to the north ...

[winstead]

I think the direction of the next target of this pair in case of break-high, is at a resistance area in the range of 79.17 -79.58. The potential movement in the event of a break-down low on 78.75 level, the projected movement of the decline is in the area support in the range of 78.53 to 78.27.

[Bieela_cute]

As dollar has retreated after faltering below yesterday’s high of 78.59, suggesting further consolidation below this level would take place, however, as this rebound suggest low is possibly formed at 77.95, downside should be limited to 78.00-05 and bring another rebound. Above said resistance would extend the rebound towards resistance at 78.88, break there would extend recent upmove from 77.44 to 79.00, then previous resistance at 79.23 but a breach of this level is needed to retain bullishness.

In view of this, we are looking to buy dollar on dips. Only a firm breach below previous support at 77.80 (last week’s low) would abort and signal top is formed and shift risk to downside for a retest of 77.44.

[erumozor]

yes i agree with you also the market has broken the major support so let all enter the market on sell it is going down in a very strong way so let all get ready and be in the market and at least set a take profit of 50 pips

[hictor23]

USD/JPY
SELL
Entry :- 78.860
TP1 :- 78.401
TP2 :- 77.943
SL :- 79.782

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

[gandha]

USD / JPY is currently in a bullish bias, test resistance at 78.85. Stochastic and CCI 1 hour shows overbought indications. If the signal / bearish pattern confirmed before the above broken resistance, the correction is expected to occur in the range of targeted support area 78.50 - 78.28.

Intraday bias will remain bullish as long as 78.82 support at last. Thus, the signal / bullish pattern is likely to emerge in the area of ​​support of the above could be a signal to take up positions.

Note also resistance at 78.85. Bullish bias will be stronger if the level is broken so it will open up opportunities for continued bullish movement to the range of 79.06 - 79.30.

Beware of possible breakdown of support at 78.28 for intraday bias will turn bearish if it happened and an opportunity for bearish movement to 78.15 - 77.93.