Usd/Jpy

[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

[tradergalau]

After weak treasuries helped USD/JPY record its first daily advance in three days, price has maintained its bullish profile this Friday in early Asia, last at 78.40 vs. 78.32 at the NY close.

USD/JPY traded a wide range between 77.93 and 78.58 overnight, reaching a new 8-day low in the process and managed to completely engulf the previous two days of price action. The 23.6% and 61.8% Fibonacci retracement levels of the advance from 77.42 to 78.10 are currently providing resistance and support for the market, respectively.

Valeria Bednarik, Chief Analyst at FXstreet.com says that the pair is “Short term bullish” as long as price stays above the 78.30 price zone, and, “according to the hourly chart, the pair still needs to beat sellers aligned around 78.80 to see a more interesting come back.”

Another analyst also notes that, “There’s a bit of a sloppy upside-down head and shoulders formation in USD/JPY, with a neckline around 79.00,” observes John J Hardy, Head of FX Strategy at Saxo Bank.

On the fundamental front, Mr. Hardy says: “Look out for verbal intervention potential at this weekend’s G7 meeting and in its wake as Japan’s economic straits have become fairly dire and as it is profoundly dissatisfied with its strong currency.