Usd/Jpy

[sobissa]

USD / JPY pair was able to break the previous two days of the rising trend, giving the potential for more downside, but the pair is close to the Fibonacci levels of 76.4 closure underneath it so that we can make sure of landing

[marwa]

Since several days and the test of the psychological level at 80 as resistance, the pair USD/JPY is making a correction. The price got out of its bullish channel However, a strong zone of support is at 79.22. This level is currently tested.

Another element is going to the side of the take up of the bearish trend, a descending triangle appears in h1 and h4 and 79.22 is the support. The breakout of this level will give a sell signal. The objective will then set at 78.66.

However, in case of rebound on the support at 79.22, we will wait the breakout of 79.68 to advise long positions and expect a test of the resistance at 80.58.

[my life]

The trading range for today is among the key support level at 77.30 and key resistance now at 79.25
The general trend in the short term is to the upside targeting 87.45 level as long as the level of 75.20 is still in place

[expert]

USDJPY till now still on it's bearish track - Look, that the TCCI line still show that Red line. On my simple look = price now try to test again to that max. support (at price 77.65). So, with this look = search for nice Sell OP (on more small TF) = nice idea. I see.

[mturk2007]

The pair continues the decline of the dollar against the yen in a quiet and now resides at the threshold level of 78.00, where it continues trading within the descending channel described with pictures and supported by the SMA 50.
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Thus, our expectations for the downward trend will continue and remain valid provided that stability below 79.55
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Expected trading range for today is between: Support Resistance 77.00 79.00
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General tendency is expected for the day: the downside

[nirjon]

Pivot line of this pair is 78.45
better we should take short positions @78.65 with target 77.90
Alternatively take long if The upside penetration of 78.45 will call for a rebound towards 78.65
happy trading.

[mahmoud mohamed tawfik]

short positions at 78.14300 with 77.9860 and 77.8180 as next targets

the breakout of 78.3050 will call for a rebound towards 78.5280

[ESSADRY]

I think all time low record is around 76, not around 78.88. Anyways i was think it gonna go up when it was around 80 and now it touch , UJ is falling from quite a long time no chance for USD to recover

[ladyheart]

nice one.. gemmy..
my analysis posted previously indicates that buyer is slowly taking action now...
cs pattern - hammer has formed there... to swing.. wait for a breakout..
see my chart before..

[gemmy]

From the shown H4 chart , i think usdjpy is testing now a bullish trend as shown , and so i think it is a chance to buy now near this trend with a small stop lose few pips below this trend and take profits near 23.6% ,