Usd/Jpy

[simpleforex68]

Let's have a look at H4 chart of the pair. The price is in downtrend. But I think that it will retrace to the Fibonacci 50% level because of the Flat Kumo Cloud. This flat cloud will attract the price.

[ashaab]

The momentum resistance of RSI 14 at the level of 50.00 has forced the pair to re-enter the descending channel that started at 84.15 as seen on the provided graph. Furthermore, the initial support of 79.55 was taken with a long black candlestick pattern but the technical catalyst that prevents us from suggesting further drops is that the pair is presently touching 61.8% of the entire upside wave from 76.00 levels to 84.15 zones. We are not completely sure if whether the recent piece action is just a correction for the aforesaid rally or the pair will continue moving lower to retest the significant low once more. Hence, we will stay aside today ahead of the weekly closing until clearer signs appear to pinpoint the next move.



Recommendation : Based on the charts and explanations above our opinion is, staying aside until an actionable setup presents itself to pinpoint the upcoming big move.

[hazem ahmed mohamed]

i think that we should buy now as we have a strong support level@0% so i predict that USDJPY will move up ward on the short term our tp1@23.6% as we have a resistance level@this level.

[khaled24]

As we see in the chart , the pair has moved down after a slight breaking of the downtrend line , the pair has bounced from the support level @ 79.12 (38.2%) , so i suggest to buy now with target point @ 80.00 which will be on the downtrend line again , Good Luck

[simpleforex68]

I would like to analyze in long term view of the pair. We can see in H1 chart of the pair. The price is in downtrend. So, I think the price will increase slightly to the Kumo Cloud and then it will decrease strongly.

[mahmoud mohamed tawfik]

the H4 chart of the usd/jpy currency pair shows atrend change from descending to as cending which started after englfing bullish pattern shooting star pattern indicates abearish pullback three line break and heiken -ashi candlestick charts confirm an ascending movement

[ashaab]

The momentum resistance at 50.00 level of RSI 14 indicator has slowed down the bullish wave started after breaching the upper line of the descending channel seen on the daily graph. But, we can see how the pair has stabilized above the psychological level of 80.00 and also above SMA 100 and therefore, we hold onto our bullish scenario over intraday basis. Ultimately, a break above 80.50 will accelerate the awaited upside wave .



Recommendation : Based on the charts and explanations above our opinion is, buying the pair around 80.20 targeting 81.50 and stop loss below 79.50 might be appropriate.

[simpleforex68]

In H1 chart, the price is in uptrend because it is above the Ichimoku Kumo Cloud and EMA 200. So, I think the price will retrace to the Fibonacci 38.2% and then it will continue to increase with the uptrend.

[delpacing]

Resistance Level : 80.75, 81.00, 81.75
Support Level : 79.85, 79.40, 79.15
Trading Range : 79.85 � 80.75
Trend : Neutral

[ashaab]

The pair has been able to take the psychological level of 80.00 again and started to breach through the upper line -resistance line- of the previous caught bearish channel- as seen on the provided daily graph. RSI 14 was also fixed as well and is attempting to take the value of 50.00. Thereby, we will follow those new technical factors established yesterday to suggest further gains over intraday basis. A break above 80.50 will accelerate the upside wave.



Recommendation : Based on the charts and explanations above our opinion is, buying the pair around 80.20 targeting 81.50 and stop loss below 79.50 might be appropriate.