Usd/Jpy

[anitagala124]

It seems that the pair has stated it's trading week under the level of 77.00 and that's mean that the down trend is still standing and the pair might head to 76.50 and then 76.20

[anitagala124]

USD/JPY hit 76.29 on Thursday, the lowest since August 1; the pair subsequently consolidated at 76.72 by close of trade on Friday, dropping 1.6% over the week.

[rakesh]

USD/JPY dropped to as low as 76.30 last week but lost momentum ahead of 76.28 support and turned sideway. Nevertheless, further fall is still expected with 77.32 minor resistance intact

[anitagala124]

the pair and as we can see from the chart has closed it's daily candle under the level of 77.00 , so , that's mean the down trend is still standing and the pair is heading to 76.60 then 76.40

[anchitkole]

Prices put in a pair of Doji candlesticks at 76.28, the 76.4 percent Fibonacci extension support level, pointing to indecision above the pair’s record low, hinting a correction higher may be ahead

[anitagala124]

The pair temporarily fell to pre-intervention level amid an influx of safe-haven related flows as market participants continued to fret the never ending uncertainty over the global economy. In particular, there is growing concern that the actions taken by EU leaders are simply not enough to promote stability in the debt ridden states

[Victoryindia]

With the BOJ clearly stating that they favour a return of the currency towards 85 or even higher. We believe the downside in minimum whilst the topside will find stale USD long selling on bounces

[anchitkole]

the dominant trend remains bearish and S&P 500 positioning points to broad-based risk aversion, arguing for further weakness over the coming weeks (albeit not without a threat of intervention). A clear-cut entry point in either direction is not apparent for now and we will stand aside.

[anitagala124]

we can notice from the chart that the pair has closed under 77.00 , that's mean the down trend is expected and the pair might head to 76.50 then 76.20 , however the pair made a hourly correction

[anchitkole]

Prices put in a pair of Doji candlesticks at 76.28, the 76.4 percent Fibonacci extension support level, pointing to indecision above the pair’s record low, hinting a correction higher may be ahead.