Usd/Jpy

[ahmed fakhry]

The USD / JPY pair rose to Y78.92: during the European session, updating its monthly high. The yen fell against most major currencies, amid rising Asian and European stock markets and expectations of today's publication of data on the U.S. economy.

[Miki]

Pair showed still retreat from 79.00 resistance on the daily chart formed a bearish engulfing, opened sale, I think a couple more times to go to the south and possibly test the oblique level (77.70).

[forexking2]

Expected trading range for today is between: Support 77.85 Resistance 80.00
General tendency is expected for today: neutral

[najmul.djd]

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

adx : 35.9964
+di : 20.2698
-di : 23.2454
timeframe : 1 hour

time : 1000
date : 17.10.2012

[alskndry]

Although the bullish momentum is weak now, I think USDJPY still in bullish sentiment and still moving above the 78.61 support level. So, I expect USDJPY still has a potential to continue going up and touch the resistance level at around 79.16 or maybe higher.

[great white]

USDJPY breaks above 78.86 resistance, suggesting that the uptrend from 77.43 has resumed.
Further rise could be expected, and next target would be at 79.50 area.
Support is at 78.60, as long as this level holds, the uptrend will continue.

[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 80.10. Based upon my chart analysis, I prefer to buying the pair above 78.50 with target 80.10 and stoploss is below 77.60.

[kakpay]

Technical analysis today:
H1 trend: down
Support: 78.75
Resistance: 78.90
On this day seen in movements down and approaching 78.65

[forexking2]

The pair found a strong yen ceiling near the 79.00 price are forced to bounce down, in an attempt to test the SMA 50 which is now support at 78.45

[rasel4158]

U.S. sovereign credit rating from Standard and Poor triggered a sharp sell off in global stock markets as investors fled risky assets and redirect their investments to the yen, which has given rise to expectations of further action by the Bank of Japan.