Usd/Jpy

[mahmoud mohamed tawfik]

long positions at 79.6620 with 79.8900 and 80.1400 as next targets

the breakout of 79.4660 will call for arebound towards 79.16800

[secret alibi]

The bias remains bullish in nearest term
testing 79.60 area before targeting 80.00
region. Immediate support remains around
79.10 – 78.95 area, a clear break below that
area could bring the price to neutral zone in
nearest term testing 78.50 region but overall I
still prefer a bullish scenario.

Resistance Level : 79.60, 80.00, 80.60
Support Level : 78.95, 78.50, 77.95
Trading Range : 78.95 – 80.00
Trend : Bullish

[Jobs]

couple came to the resistance level of 79.65 and it looks like not going to stop, MACD-Histogram rises smoothly signaling power of buyers, Stochastic overbought, so I think may be a small rebound from 79.65 and then can call the second pair will go even higher ..

[alskndry]

USDJPY only moved in small range on the last Friday. Then, if we look on the daily time frame, The last Friday movement has formed an inside bar candle. So, I think the break out movement may happens on USDJPY.
If USDJPY can break the last Friday's high, this pair may goes up to the 79.76 resistance level. But if USDJPY can break the last Friday's low, it means USDJPY also break the 79.16 support level successfully and will op[en a way for USDJPY to fall and touch the lower support level at 78.61

[gandha]

usd will continue to put pressure on the yen, fundamentally it has been described in weekly charts, and according to my predictions last night to do a buy order, the Asian session USDJPY has high break and it could happen again until 80.60 usd jpy will experience a reversal in the long run

[ashaab]

The short term trend of the pair is to the upside. Intraweek trading range of the pair is expected among key support at 77.90 and key resistance at 81.00. Based upon my chart analysis, I prefer to buying the pair around 79.15 with target 80.50 and stoploss is below 78.20.

[forexking2]

usd/ yen on its stability above 79.20, to remain bullish trend scenario is likely in the long intraday existed, to target levels of 80.70 during the coming period.

[new-FX]

Keep a pair Usd/jpy on its stability above 79.20, to keep the upward trend is likely in the long intraday existed, to target levels of 80.70 during the coming period.

Recall passively stochastic and that may cause constant negative pressure may try to re-price to the downward path of the new

[kakpay]

The USD/JPY pair did very little during the session on Friday, as the rest of the markets rocking back and forth in a �risk off� type of move. The fact is that we are getting close to the 80 handle, and this is an area of massive resistance. In fact, we also see the 79.50 is been the beginning of that level or it with this being said, the neutral candle on Friday could be the signal that we are running out of steam, and will continue to fall back into consolidation. It is because of this, that we are more than willing to start selling a break of the Friday lows

[raihan8212]

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

USD/JPY was trading at 79.24, down 0.11% at time of writing.

The pair was likely to find support at 78.62, Wednesday�s low, and resistance at 79.45, Thursday�s high.

---------- Post added at 09:42 AM ---------- Previous post was at 09:30 AM ----------

The dollar softened slightly against the yen on Monday after Japan's trade balance report for September came in weaker than expected, prompting investors to stock up on safe-haven yen and wait on the sidelines for better news.

Talk the Bank of Japan may loosen monetary supply sparked some demand for the dollar and allowed for choppy trading that sent the pair in and out of negative territory.

In Asian trading on Monday, USD/JPY was trading at 79.32, down 0.01%, up from a session low of 79.22 and off a high of 79.33.

The pair was likely to find support at 79.22, the earlier low, and resistance at 79.43, Friday's high.

In a report, the Ministry of Finance said that the country�s trade balance fell to a seasonally adjusted -0.98T, from -0.46T in the preceding month whose figure was revised up from -0.47T.

Analysts had expected the trade balance to fall -0.74T last month.

The news sent investors selling Japanese stocks and stocking up on yen.

The Bank of Japan will meet on Oct. 30 to discuss monetary policy, and talk policymakers may take fresh steps to stimulate the economy weakened the yen against its U.S. counterpart at times during the session.

Weak U.S. earnings bolstered the yen as well.

Microsoft reported last week that its third-quarter net income fell 22% to USD4.47 billion, which missed expectations, while revenue fell 8% on year to USD16.01 billion.

General Electric, meanwhile, reported earlier that its third-quarter net income rose 8% to USD3.49 billion, while revenue rose 3% to USD36.35, missing market expectations.

Search giant Google released earnings earlier than planned late Thursday, which sparked confusion, and missed estimates as well.

The company reported revenue of USD14.10 billion, up 45% on year, though net income came to USD2.18 billion, down 20% on year and below expectations.

Fast-food giant McDonald's quarterly earnings fell 3.3% to USD1.46 billion, while revenue was basically flat at USD7.2 billion.

Soft U.S. housing data kept the yen up against the greenback as well.

In a report, the National Association of Realtors said that home sales fell 1.7% to 4.75 million from 4.83 million in August, whose figure was revised up from 4.82 million.

Analysts had expected existing home sales to fall to 4.75 million last month.