Usd/Jpy

[great white]

USDJPY’s downward movement from 78.86 extends to as low as 78.03. Further decline could be expected, and next target would be at 77.80 area.
However, the fall from 78.86 is likely correction of the uptrend from 77.43, another rise to test 78.86 resistance could be expected after correction.

[Irika]

JPY as always lives his life like display the news outlet, the couple grows to the north, is now open attitude is dangerous, but now it seems more or less the situation grow lazy - need to go north.

[Marki]

Pair still managed to break through the 78.16 support, bears are stronger, now there is a slight correction of the northern and probably will re-test the level of 78.16, I expect the resumption of decline, the way is open to 77.60.

[selamet]

Although dollar has fallen again after meeting resistance at 78.38 yesterday (just faltered below the upper Kumo) and near term downside risk remains for the retreat from 78.88 to bring a deeper correction of the rise from 77.44, however, support at 77.80 (last week’s low) should limit downside and bring rebound later. A break of 78.44 (this would also penetrate the upper Kumo at 78.39) would suggest low is possibly formed and bring another rise towards said resistance at 78.88, above there would extend recent upmove from 77.44 to 79.00

[smart]

Begins dollar against the yen trading today passively note to put the price without descending channel's resistance again, and that's what we're back to bearish trend scenario, which enables the SMA 50 from well-protected.
The goal now is to attack the level of 77.65 in an attempt to break it to enhance the chances of the trend towards 76.30 mainly levels.

Expected trading range for today is between: Support 76.30 Resistance 79.00



General tendency is expected for the day: Down

[romannil]

Usd/jpy technical analysis for 11.10.2012 by using : Auto pivot indicator.

resistance 3:78.62
resistance 2:78.50
resistance 1:78.34

pivot point :78.23

support 1:78.07
support 2:77.95
support 3:77.79

[dollar]

USDJPY now is still in down trend and from my analize is still going down into price 77.90 as the support and can retrace at that spot. Price 78.25 as the resistance area and can go up if can break 78.25 and will move in to 78.68

[redstar]

price now at bearish trend and move down at support area 78.00
if price can break the support area, price will going down to the next target 77.50
but if price fail to break down, price will bounce up to next resistance at 78.80

[nurdiantofxwave]

After hma 32 crossed down hma 192 yesterday, price down strong until market is closed. This condition make price fell down until now. Monthly pivot point (78.08) become holding point for price. If price can break down this point, it predicted will down strong until formed a new lowest price in this week.

[Bieela_cute]

Dollar’s near term sideways trading is expected to continue and expect the Ichimoku cloud top (now at 78.48) to limit upside, bring another decline, below support at 78.09 would extend the retreat from 78.88 for a deeper correction of the rise from 77.44 to 78.00, however, support at 77.80 (last week’s low) should limit downside and bring another rise later. A break of the upper Kumo would bring retest of said resistance at 78.88, above there would extend recent rise from 77.44 to 79.00, then previous resistance at 79.23