Usd/Jpy

[devloppman]

Support & Resistance 29/08/2012

Sup 1 : 78,70
Sup 2 : 78,89
Sup 3 : 79,01

PIVOT : 78,58

Res 1 : 78,38
Res 2 : 78,26
Res 3 : 78,07

[zachaeus]

Trendline shows that this pair has been ranging for the past five days between 78.45 and 78.85 so we should see price move at least to 78.65 if we follow this nature of price action, moreso news from when the chairman of the federal reserve board Mr Ben. Bernanke speaks at Jackson hole then the whole situation could change.

[David7]

I continue to hold a long position, the pair continue to not overcome the medium sloping support level (4 hour chart), also MASD shows a buy signal, the first target 78.90.

[shiva]

The pair is staying below 80.244. The pair may decline to 78.031, next aim is at 76.535.
Resistance: 80.244, 83.330, 86.836
Support: 76.535, 73.126, 69.117

[ashaab]

The short term trend of the pair is to the upside. Intraday trading range of the pair is expected among key support at 77.30 and key resistance at 79.55. Based upon my chart analysis, I prefer to stay aside from the pair until we get a confirm setup for the upcoming big move.

[Jobs]

The Japanese currency has failed to break above 78.80 .. so I think that the bears are preparing next leap to the bottom, the pair started to decline ****ually, but it will wait for another such motion which was last Thursday, assuming that prices may be lower than 78.30. ..

[Tyler7]

While the couple is not very interesting for trading on a larger plot loomed converging triangle to determine the overall trend to wait for the breakdown of one of the oblique line of the figure.

[zachaeus]

Today's trading session showed that usd was a sell off against the yen, now the pair has baseline support on 1 hour time frame and could definitely show some upward retracement, we are not at oversold so this tells us that we might not have the go ahead to give a buy signal yet, I would probably wait for 78.41 area to buy this pair rather than buy now

[hazem ahmed mohamed]

i think that we should wait until USDJPY reach the resistance level on the daily chart @23.6% then we can sell this pair as i predict that USDJPY will move downward after reaching this level.

[omar555ak]

BUY FROM: 78.75, T-1: 78.85, T-2: 78.94, T-3: 79.04
SELL FROM: 78.66, T-1: 78.56, T-2: 78.47, T-3: 78.38