Usd/Jpy

[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.

[forexking2]

Expected trading range for today is between: Support 78.00 Resistance 80.70
General tendency is expected for the day: UP

[raihan8212]

The U.S. Dollar was higher against the Japanese Yen on Friday.

USD/JPY was trading at 79.34, up 0.09% at time of writing.

The pair was likely to find support at 78.33, Monday�s low, and resistance at 79.45, Thursday�s high.

---------- Post added at 10:29 AM ---------- Previous post was at 10:20 AM ----------

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

USD/JPY was trading at 79.34, up 0.09% at time of writing.

The pair was likely to find support at 78.33, Monday�s low, and resistance at 79.45, today�s high.

[Bieela_cute]

Elliott: extended impulse wave up 79.69
While below 79.37 - 79.52 it is more likely to fall further towards 79.09 or 78.97. Premature rise above 79.52 could see it rising above 79.77 zone.
Warning: End of trend
Technical points
Key point 79.3900
Entry point 79.2300
Elliott 78.6200
Closing 79.2700
Projection 79.6900
Trendline 78.9200
Trendline 79.2100
Supports / Resistances
Res 2 79.7700
Ex-High 79.4700
Res 1 79.5200
Pivot 79.2200
Sup 1 78.9700
Ex-Low 78.9200
Sup 2 78.6700

[Macintosh]

The USD / JPY has managed to consolidate above the resistance level of 79.00, and continues to grow, the histogram rises and we see that the growth of a not very rapid and with setbacks ... so I think a couple can still continue to go ... so I assume that the first such resistances moans 79.65 ... and then we'll see ..

[turabawan8]

USD/JPY hits 2-month high and retreats after US data

The dollar spiked to a fresh 2-month high versus the yen after the latest string of US data showed that manufacturing activity in the Philly region improved for first time in 6 months in October, although USDJPY quickly retraced part of its gains and returned to its comfort zone around 79.30.

At time of writing, USDJPY is quoting at the 79.30 area, up 0.5% on the day, and just off the 2-month peak of 79.45.

[aanshi]

You are right, I think, 79.40 is high price now & any body trade it for a few profit. so you can trade it for more profit. Other JPY is now below other currency so decision consciously.

[Pioner3]

Steam a bit complicated for trading course today again found resistance in the form of 200 and moving away correction began, it seems to steam lines determined after the breakdown of resistance 79.00 made ​​at the resumption of growth will be buying.

[Mr.Strong]

Our preference: Long positions above 78.9 79.5 However targets@79.4 in extension.
Alternative scenario: Below 78.9 look for further downside with 78.8 and 78.6 as targets.
Comment: This pair is still in the upward trend and defy upper border of the rising channel.

[mudassiransi]

A psychological take profit is as non-productive as a a psychological stop loss. IMHO, it is better to learn and understand time/price movements and than to trade those movements rather than deciding it has to go 150 pips.

As far as the euro goes....there were a great deal of pips on the table. Count the pips on the swings of the hourly chart. If your system or strategy did not produce positive pips with such swings, you may want to consider alternative strategies or systems.