Usd/Jpy

[MFTRADER]

usdjpy has spiked higher on AZUMI comment and this move can start covering bearish trend at least for a while,the first resistance is 0.7994-0.8000 near the 50 % retracement of last small bearish wave.however the oscillator showing overbought and there is high probability to move back from 0.800 area .

[simpleforex68]

I would like to analyze in long term view of the pair. In H4 chart, the price is in downtrend because it is below the Ichimoku Kumo Cloud and EMA 200. So, I think the price will increase slightly to the Kumo Cloud and then it will decrease strongly.

[khaled24]

This pair has moved down bearishly last weak and now is approaching of the support level @ 77.93 (23.6%) , so i suggest to wait for more small drop or buy now with about 60 pips as stop loss to hold position until it pushed up by the indicated support level , buy the pair with target @ the downtrend line shown in the included H4 chart which will be about 100 pips profit , Good Luck

[Melsayed]

My weekly analysis:
The pair in the previous week has changed the direction when it touch the down line of the shown channel in the chart that my confirm that daily channel the it will visit the up line of the channel then it will fail down again

[puri]

yar main na wasa to kabi be es pair ko used nhi ka ha wasa min es forum main newbie hoon es laya main sirf or sirf EUR/USD ko uesd kar rhaa hoon or main ksi or pair ko used nahi karta hoon es laya muanja lagta ha ya pair be boht acha or best form ha or ay forum boht sar profit be danaya wala forum ha.

[simpleforex68]

Let's have a look at the H1 chart of the USD/JPY. We can see that the price is in downtrend because it is below the Ichimoku Kumo Cloud and EMA 200. In my opinion, the price will be up to the Ichimoku Kumo Cloud and then it will decrease strongly.

[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