Usd/Jpy

[sobissa]

Dollar / yen pair was able yesterday to close under the previous levels of support which makes us predict more downward

[M Sabry M Elbakrawy]

The form price pair USDJPY summit at the level of 80.62 on the chart chart currency Frame 4 hours and are more likely to be reduced further in a few days to come, the next target may be around the region 79.00 on the other side may be landing the initiator of 80.62 is just a correction to consolidate the upward trend the initiator of 77.66 and as long as the trading firm support above 79.00 is expected to rise in price at some time later to the region after completing the 83.00 patch.

[hazem ahmed mohamed]

from the H4 chart it is obvious that there is a support level @79.54 so i suggest buying this pair if the support level is broken we can wait until reaching the moving up trend where we can buy .

[khaled24]

After it broke the resistance level @ 79.85 (50.0%) , the pair has continued moving down and i expect more slight drop until it reach the upward trend shown on the included chart , the pair on this case will make a retest then it will reverse its direction and move up bullishly again , so buy now with large stop loss below the trend line or wait until the pair hit the trend but the second case is not ensured to happen , Good Luck

[Alfredo]

USDJPY By the time I make this post this pair is around 79. 63/66 (-0.03%) The main pivot point based on classic calculation is 80.34. The other ones are: R1 80.67, R2 80.91, R3 81.25, S1 80.179.76, S3 79.52.The EMA20 is at 79.6551 indicating that we should look to Neutral. The ADX is telling that the trend is Neutral. Also the CCI is indicating that we should look to Buy. The MACD indicator is at -0.0008 pointing that we are in a Buy situation.

[gemmy]

After a strong bearish direction in the past few hours as shown in H4 chart , the pair couldn't break the support level @38.2% so i think it will make some correction and will rise in the next few hours till reach the fibo level @23.6% and make retest ,

[Olig]

JPY pair fell today is very strong in the south, after such a motion should be expected as a minimum correction in a northerly direction, the pair are also moving closer to 200, and she has strayed again, I think she will turn to the correction.

[alvabra2010]

Pair's rally is expected to remain bullish as of now. The descent from 84.17 most probably might have finished, if it has not then we could see some bearish momentum in the near time. Above 80.61 the pair could target 81.48 and more. I guess its the right time to buy USD/JPY.

[shiva]

The Japanese yen rose on Tuesday on the background of rising demand for save heaven assets in anticipation of the outcome of the G20 leaders meeting in Mexico. The meeting was primarily devoted for discussion about the debt crisis in the euro zone. After a brief recovery on the background of the Fed decision the yen resumed its decline against other traded currencies. The reason for the continuation of the downtrend was information that the Japanese lawmakers were close to reach an agreement on tax measures aimed to the lowering rate of the national currency. The yen continued to decline after the published information which revealed that the percentage of lawmakers in the leading party in Japan who voted for taking additional measures for stimulating the economy has increased. The yen continued to weaken against its competitors. The USD / JPY pair reached the Y80.50 on Friday.

[Irika]

USD / JPY exchange rate continues to fall, the pair is trading within the Ichimoku cloud (today she managed to break through the upper boundary), also is developing a two-signal indicator Ichimoku for sale, my goal is still to be around 79.00.