Usd/Jpy

[rakesh]

Overnight, USD/JPY came under renewed selling pressure trading down to 76.59, as US data continued to disappoint.

[anchitkole]

i think traders on this pair can go sell positions under 77.2 level and targets will be to 76.5 and 76.3 .

and if the price move and closed 15 min candle over 77.2 i think it will go upside to 77.75 .

good profite

[anchitkole]

Considering the forces at hand, timing such a move is hard to predict: on one hand, market participants are bidding the Yen higher; on the other hand, an intervention is all-but-guaranteed.

[anitagala124]

supports are seen at 76.51/29 and then at the all time record low at 76.24. On the other hand, resistance levels are seen at 77.10/30/40 and then at 78.00.

[rakesh]

On the upside, above 77.32 minor resistance will bring recovery. But we'll stay cautiously bearish as long as 80.23 resistance holds

[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 and as we can see from the chart is trading under level 77.00 , so , that's mean the down trend is still standing and the pair might head to 76.50 and then 76.20 how ever the pair made any hourly correction

[Victoryindia]

The Dollar dropped last week, retracing the whole recovery triggered by BoJ intervention, in Aug 4, to retest 76.30 low, before consolidating below 77.00, building pressure towards 74.00 and 73.00, says Mohammed Isah, analyst at FXTechstrategy.

[anchitkole]

If unable to pass the level USDJPY 77.86, and open below 77.86, then the pair back down to a level potentially 76.29. However, if back through 77.86, and open above 77.86, then the pair potential back up to the level of 78.27.

[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