Usd/Jpy

[Victoryindia]

Currently USD / JPY is showing Down-Trend due to the weakening yen, but will be expected to sideways movement along the positive data from Japan and the strengthening dollar.
Sideways Range 77.21 - 76.63.

The Dollar has remained trading on a steady downward trend since peaking at 80.25 last Thursday, retracing all the ground gained after BoJ intervention and extending losses on Wednesday

[niteshforex]

Currently USD / JPY is showing Down-Trend due to the weakening yen, but will be expected to sideways movement along the positive data from Japan and the strengthening dollar.
Sideways Range 77.21 - 76.63.

[Victoryindia]

The pair approaches record low at 76.28, although, according to Slobodan Drvenica, analyst at Windsor Brokers, the pair might bounce up ahead of further decline: "Record low at 76.28 now comes in focus, however, possible bounce on oversold near-term studies may precede fresh weakness

[niteshforex]

The Japanese yen has recovered all of its losses against its American counterpart, after only three trading sessions following last week’s BoJ intervention. After opening the Asian trade at 77.75, USD/JPY broke below support at 77.50 and is now extending its losses into the 77.30 price zone.

[gururaj]

the pair has closed under 78.00 , that's mean the down trend is expected and the pair might head to 77.20 then 77.00 , however the pair made a hourly correction

[niteshforex]

we would not at all be surprised to see the formation of a material base in favor of significant upside back towards the 82.00 area over the coming sessions. In the interim, any intraday setbacks should now be well supported above 78.00.

[gururaj]

Pair within a very narrow range since the morning, while the index AROON - a trend indicator - still reflects the strength of the patch, which began at 76.25. And we will not consider this patch only if the penetration level of 78.45 decisively.

[niteshforex]

The USD/JPY will remain bearish as long as below 78.50, �yet needs to lose again 78.10 to resume its long term bearish trend, and retest the 76.20/40 price zone,� says Valeria Bednarik, Chief Analyst at FXstreet.com. �Intervention rise has price now below the 50% retracement at mentioned 78.50.�

[gururaj]

Break would bring 76.84, where correction is possible. Then 76.52, where a correction may also happen. Break of the latter will give 76.33. If a strong impulse, we would see 76.17. Continuation would give 75.91,” he adds.

[niteshforex]

The spot rate approaches the upper limit of its medium term bearish channel to 80.20. A break of these levels would free up significant potential and initiate a bullish trend.

According to previous events, the market indicates a bullish opportunity as soon as the spot rate will have broken its resistance in 80.20 with a 1st objective of 81.00, then 81.30. A break in 79.90 would invalidate this scenario.