Usd/Jpy

[Marki]

Couple sandwiched inside converging triangle on the daily chart, while catching what or motion-dangerous occupation, must wait for a trend, which I think will start at the break of one of the edges of the triangle.

[great white]

USDJPY has formed a cycle bottom at 77.94 on 4-hour chart. Further rise to test 78.86 resistance could be seen,
a break above this level could signal resumption of the uptrend from 77.43, then next target would be at 80.00 area. Support is at 77.94, only break below this level could bring price back to 77.00 area.

[alskndry]

In my view USDJPY still in bullish sentiment now and may rises today. it is shown by the price that's moving above 78.19 resistance level. I think USDJPY has a chance to reach and test the 78.61 resistance today or even higher

[selamet]

Yesterday�s strong rebound from 77.95 to 78.59 signals low has been formed and the decline from 78.88 (last week�s high) has possibly ended there, hence consolidation with upside bias remains for gain towards this resistance, 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.

[VS84783452]

We dont have any well-defined signal,but trend is upward.

---------- Post added at 06:21 AM ---------- Previous post was at 06:18 AM ----------

Expected trading range for today is between: Support 77.00 Resistance 79.00
General tendency is expected for today: neutral

e dont have any well-defined signal,but trend is upward.
Buy from 89.85

[forexking2]

Expected trading range for today is between: Support 77.00 Resistance 79.00
General tendency is expected for today: neutral

[raihan8212]

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

USD/JPY was trading at 78.35, up 0.02% at time of writing.

The pair was likely to find support at 77.95, Thursday’s low, and resistance at 78.71, Monday’s high.

[romannil]

Usd/jpy technical analysis for 12.10.2012 by using : Auto pivot indicator.

resistance 3:79.30
resistance 2:78.95
resistance 1:78.64

pivot point :78.29

support 1:77.98
support 2:77.63
support 3:77.32

[nurdiantofxwave]

I think that zig-zag pattern will get up level in near previous up level, 78.58. Hma 32 has crossed up hma 192 and 860, this indicates that price may go up again. But signal stochastic in tf h1 confirm in overbought area, so price may retrace down before go up again.

[dollar]

Today’s technical analysis for 12.10.2012

Price is open above the pivot point- 78.28
Resistance 3- 79.26
Resistance 2- 78.92
Resistance 1- 78.62
Pivot point- 78.28
Support 1- 77.98
Support 2- 77.63
Support 3- 77.34

price is open the above pivot point 78.28 but in my view first it will try to touch78.57 level if this is break then we can see continue up movement till resistance 2- 78.92