Usd/Jpy

[hazem ahmed mohamed]

it is obvious that we have a moving up trend on the daily chart of USDJPY so i suggest buying now as i predict that this pair will move up ward i=on the short term our tp1 will be @50% as we have a resistance level @ this level .

[darek2302]

with 85.51 resistance intact, there is no scope for trend reversal yet. trading in medium term above 75.56 first before the long term down trend from 124.13 eventually resumes to 70 psychological level.

[yogesh]

Standard pivots
USDJPY
R3 80.823
R2 80.475
R1 80.128
PIVOT 79.633
S1 79.286
S2 78.791
S3 78.444

[darek2302]

The local trend in the form of a triangle side to watch the expansion is likely in the chart USD / JPY. Preferred scenario is the breakout of the triangle down, and continue watching from 25 June traffic down.

---------- Post added at 05:57 PM ---------- Previous post was at 03:52 PM ----------

Price actions from 75.56 should be developing in to a multi-leg consolidation pattern. The strong break of 55 days EMA indicates that another rising leg has started targeting 84.17 resistance. But after all, the medium term outlook will stay bearish as long as 85.51 resistance low and we'd expect a new low below 75.56 after the consolidation completes.

[Irika]

course still strayed from the horizontal support level of 79.28 (before that it sewed a false breakdown and posbivat foot), the pair also managed to break through the lower border of Ichimoku cloud, I look forward to her continued growth.

[maroc89]

today
staying aside until an actionable setup presents itself to pinpoint the upcoming big move.

Support 78.20
Resistance 80.50

[Pioner3]

The pair yesterday went to the sloping line of support, and already much below the level of the course is not allowed, appeared like a buyer, I think a couple tends to increase in a northerly direction, the goal of 80.50.

[sobissa]

USD / JPY pair did not move strongly today as they moved the rest of the majors but is currently trading under the rising trend that causes us to think about the landing of the pair, where he could not closing above resistance levels since the four days he could not overcome the resistance

[woody77]

No change in USD/JPY's outlook so far. With 78.60 minor support intact, rebound from 77.66 is still in favor to continue. Above 80.61 will target 61.8% retracement of 84.17 to 77.66 at 81.68 and above. Though, below 78.60 will likely extend fall from 84.17 beyond 77.66.

[darek2302]

The strong break of 55 days EMA indicates that another rising leg has started targeting 84.17 resistance. But after all, the medium term outlook will stay bearish as long as 85.51 resistance low and we'd expect a new low below 75.56 after the consolidation completes.