Usd/Jpy

[Olig]

Set up and keep looking to the north of the pair on the daily chart clearly shows the level of support (italic) below which the couple is not allowed, and the course could not be strengthened below 200 moving, the purpose of 81.00.

[mahmoud mohamed tawfik]

long positions at 79.6470 with 79.8550 target

the breakout of 79.4570 will call for a rebound towards 79.2850

[darek2302]

consolidation from 75.56 should extend for a while below 85.51 first. In anyway, we'd stay bearish as long as 85.51 resistance holds and expect an eventual downside breakout.

[Miki]

On the daily chart clearly visible reversal formation "head and shoulders" which was formed against the main trend of the South, even in the last week has broken the neckline of this formation, is expected to continue growing.

[shiva]

The pair has declined below 79.707 this may bring pair to 79.070.
Resistance: 79.707, 80.438, 81.399 Today Support: 79.070, 78.345, 77.539

[Marki]

JPY 4 hour time frame has become a well-pronounced sloping line of support that course will not be able to overcome even with the last trading week, the price is close to her again, and with signs of rebound, I'll buy.

[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.