Usd/Jpy

[vikas]

as we can see from the chart , the pair has stated it's trading week above the level of 76.50 and that's mean that the up trend is expected this week and the pair might head to 76.75 and then 77.00

[rajesh]

USD/JPY is still staying well inside the falling channel that started back in 2007 at 124.13. There is no indication of trend reversal yet even though medium term downside momentum is diminishing with bullish convergence condition in weekly MACD

[vikas]

we look for the establishment back above the 50-Day SMA to reaffirm our recovery outlook and accelerate gains towards next key resistance by 80.25 further up. Ultimately, only back under 75.95 delays.

[rajesh]

as we can see the down trend very clear on the weekly chart here and for the previous week the down diriction continue and the bearish candle closed under stron support of 76.50 so it seem we gonna see more falling next week for this pair

[ketan]

Positioning has been little changed since early August. Prices narrowly closed below key support at 76.25, the 76.4% Fibonacci extension level, but the move lacks conviction and threatens to run into renewed intervention from Japanese authorities.

[rajesh]

The general trend over short term basis is to the upside, targeting 87.45 as far as areas of 75.20 remain intact.

[ketan]

Despite another dip to 76.11, USD/JPY is still contained above 75.94 low and stayed in range of 75.94/77.85. Thus, recent sideway consolidation is still in progress.

[rajesh]

the usd/jpy have make a suport in the 76.70 end the macd is abouve the 0 level line the rsi is abouve the 50 level line so i think it is enter in the up trend end bay is the best order

[ketan]

the chart and as we can see on it is showing the pair has succeeded in closing it's daily candle above level 76.50 , and that's mean the up trend is still standing and the pair might head to 76.70 and then 76.90

[rajesh]

If a M15 close above 76.50 buy only and do not sell. If price closes back below it again do nothing.

If a M15 close below 76 sell only and do not buy. If price closes back above it again do nothing

The range 76.50 and 76 is neutral area, any trade done in between is personal decision and not part of this analysis