Usd/Jpy

[jai]

On 4H chart, yen surged after Japan
intervened forex market. But yen failed to
pass upper level of its bearish channel; it may
indicate lack of power to maintain upward
movement

[amit]

Expected trading range for today is between: Support and resistance 76.30 79.65

General tendency is expected for the day: the downside

[jai]

USD/JPY's consolidation from 79.52 is still in progress and intraday bias remains neutral. While another fall cannot be ruled out, we'd still expect downside to be contained by 77.48 resistance turned support and bring another rise

[amit]

Strong news are comming today, here is the trade plan. And look up, the JPY today is very weak.

S NFP Employment Change
Forecast 95
Previous 103
Pair to trade: EUR/USD and USD/JPY
Triggers we need: BUY -60 EUR/USD
BUY +60 USD/JPY

[jai]

The USD/JPY pair is expected to continue trading in a range before the FOMC meeting, where all the bets today will be for the US dollar, and the reaction will come from the Japanese currency.

[amit]

On 4H chart, yen breach lower level of its
triangle pattern; a signal that yen may reach
76.70, MA 100. But, stochastics is in
overbought area that could limit downward
pressures. 78.40 and 79.00

[jai]

If it extends this week's rally, the 50% retracement level of the April-October decline crossing is the next upside target.

[amit]

Look for any intraday setbacks to be well supported above 77.50 with only a close back below this level to delay. Back above 79.55 accelerates gains.

[jai]

The EUR/USD pair fell hard again during the Tuesday session as contagion fear continues to grip the markets when it comes to dealing with the Euro

[amit]

the weekly chart is strongly down trend and the last weekly candle formed bearish and the price reached new down record i advise to waatch the pair movment in the next wee