Usd/Jpy

[sagar]

The USDJPY is testing its record low and a break would shift focus to a Fibonacci measurement at 72.58. A bounce above 77.00 should see resistance at 77.85-78.30

[rakesh]

we can see that the pair has failed in breaking the level of 77.00 and bounced from it , so that's mean the down trend is expected and the pair might head to 76.20 and then 76.00

[Victoryindia]

The Dollar, unable to break above 76.90 resistance area yesterday, has pulled lower today amid generalized Dollar weakness, breaking through 76.60 support, to reach fresh week lows at 76.50, just 20 pips shy of all time low 76.30.

[rakesh]

Corrective dips should ideally halt near 76.73 or 76.66 for one more thrust upwards towards 76.86 - 76.93 area or 77.07 in extention. Fall below 76.52 puts it back on a downward path.

[anchitkole]

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 76.50 then 76.20

[rakesh]

Buy [Start] -> 77.01
Buy [End] -> 77.21
Stop Loss -> 76.61
Max Take Profit -> 77.62
Resistance 1 -> 77.06
Resistance 2 -> 77.32
Resistance 3 -> 77.57

[anchitkole]

the chart is showing that the pair is trading under level 77.00 , that's mean the down trend is standing and the pair might reach 76.50 , but if the pair succeeded in breaking 77.00 , it will head to 77.30 and then 77.50

[Victoryindia]

USD/JPY is still consolidating after its second post intervention retracement (PIR II) in 2011, which is now testing key support at 76.30∕25

[Victoryindia]

USD/JPY has not responded at all to the risk rally and remains near the all-time low of 79.25 reached on March 17, and whilst treasury yields will be thrown around by US economic data, it is looking like a re-test cannot be ruled out.

[rakesh]

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