Usd/Jpy

[ashaab]

It seems that the pair is presently taking breath after yesterday’s losses that assisted bears to approach their technical target at 78.20 zones. RSI 14 is very close to the value of 30.00; thus, we will remain neutral for the rest of the day. A breakout below 78.20 will be a negative indication for short term traders.



Recommendation : Based on the charts and explanations above our opinion is, staying aside as risk versus reward ratio is too high.

[newentry]

downtrend, and it is good for scalping right now, because the trend has build a range for 30 pips and less..
sell at 78.85 and close at 78.75/70
but we have to be careful because this pair sometimes moves so fast

[BDforex]

This pair short position is preferable at 79 with target price is 78.55 and 78.45. If it goes to above 79.1 then we expect further upside movement at 79.3 and 79.4.

[Sondag]

On the daily chart, this pair is still under pressure, and it did to broke yesterday's support level. I expect this pair may go to 78.50 for today's bearish target. The scenario will be fail if this pair move higher than 79.15

[oya]

the pair is go up from ema 200

buy and our target+40

[egyptionforex]

the H1 chart of the usd/ jpy
the pair close under up trend
i see the pair will up the the level 79.45
Good luck

[ashaab]

Finally, the pair has moved to the downside affected by the previous discussed technical catalysts. Furthermore, it is attempting to enter the descanting channel which dominated the movements after placing the significant high at 84.15. RSI 14 is stable below the value of 50.00 solidifying the bearish scenario.



Recommendation : Based on the charts and explanations above our opinion is, selling the pair below 79.55 targeting 78.20 and stop loss above 80.35 might be appropriate.

[mahmoud mohamed tawfik]

the H4 chart of the usd/ jpy currency pair shows abearish tendancy on the descending trend which is indicated by evening star shooting star and hanging man patterns three line break and heiken ashi candles tick charts confirm that the trend continues

[BDforex]

Technically mixed bearish. Prefer to short position at 79.60 with price targets on 79.30 and 79.20. If it is goes to above 79.65 then we expect upward movement with target 79.8 and 80.

[vampire]

The USDJPY till now still look sideways with small move candle, I see. The today price is likely yesterday move - we still see that price move slow near that MA 200 red. Because of this = Yes, I see this pair still not nice to take New OP here, just wait and see. Then, if we see to the big trend and also look and pay attention to the stoch, we can see the bearish still probably here = after truly then price can break more down to that Low fibo (78.98), of course.
[IMG][/IMG]