Usd/Jpy

[new-FX]

The pair was able USD/ JPY to achieve a daily closing above 80.00 to reinforce the upward trend.

Targets at 80.70, and try to overcome this level to achieve further rise towards 81.70, stability above 79.20 remains the most important factor for continued proposal intraday high.

[hodhod2000]

The break of 80.12 minor resistance suggests that pull back from 80.37 is completed at 79.27 already. Intraday bias is back on the upside for 80.37 resistance first. Break will confirm resumption of rise from 77.13 and should target 80.61 resistance (50% retracement of 84.17 to 77.13 at 80.65) and above. Though, below 79.92 minor support will indicate that consolidation from 80.37 is going to extend with another fall to 79.27 before completion. Nonetheless, we'd expect downside to be contained above 78.86 support (61.8% retracement of 77.93 to 80.37 at 78.86) and bring rally resumption eventually.

[great white]

USDJPY is facing 80.37 previous high resistance, a break above this level will indicate that the uptrend from 77.43 has resumed, then further rise towards 82.00 could be expected. Support remains at the lower line of the price channel on 4-hour chart, only a clear break below the channel support will suggest that lengthier consolidation of the uptrend from 77.43 is underway, then range trading between 79.27 and 80.37 could be seen.

[raihan8212]

The U.S. Dollar was higher against the Japanese Yen on Friday.

USD/JPY was trading at 80.25, up 0.17% at time of writing.

The pair was likely to find support at 79.28, Tuesday�s low, and resistance at 80.29, today�s high.

[bundu]

since 30 October 2012, UDS / jpy start rising trend, has successfully passed the 80.13 resistance and possibly now going towards 80.47 resistance, and if successful a break that level, then usd / jpy will likely be to the level of 80.61 ..

[tradergalau]

I think USDJPY is trying to touch the resistance level at 80.31 now. Then, if USDJPY can break that resistance level, I expect USDJPY will continue going up today and may reaches the next resistance level at 80.86. But if fail to break, look the 26th October's high, USDJPY may forms a double top pattern and it will be a good reversal signal. If that happens USJPY will reverse and fail to continue the up trend.

[Bieela_cute]

Elliott: elongated flat correction up 80.58
Currently uptrend should end around 80.43 - 80.31 area. A correction down to below 79.89 is expected. A rise above 80.47 will abort the expected correction.
Warning: Imminent end of bullish move
Technical points
Key point 80.3100
Entry point 80.1200
Elliott 79.2800
Closing 80.1500
Projection 80.6800
Trendline 79.8400
Trendline 80.0400
Supports / Resistances
Res 2 80.4700
Ex-High 80.2100
Res 1 80.3100
Pivot 80.0500
Sup 1 79.8900
Ex-Low 79.7800
Sup 2 79.6200

[najmul.djd]

usd/jpy technical analysis by using : average directional movement index

adx : 45.1741
+di : 28.3636
-di : 7.4379
timeframe : 1 hour

time : 2000
date : 01.11.2012

[winstead]

USDJPY has formed a cycle bottom at 79.27. Further rise to test 80.37 resistance could be expected, a break above this level indicates that the uptrend from 77.43 has returned, then a further increase to the 81.00 area.

[forexking2]

Expectations remain positive, supported by the moving average also 50, to target levels of 80.70 first, then 81.70, while achievable requires stability above 79.20