Usd/Jpy

[nurdiantofxwave]

Since market open in asian session this pair moving in 79.61-79.72 area. Yesterday the price down until 79.42 level then in american session retrace from this level and closed in level 79.62.

For technical analysis today :
ma 16 as short term trend indicator= wave form
ma 96 as medium term trend indicator= down
ma 480 as long term trend indicator = down
So the trend is down weak.

The price will touch weekly pivot if up trend occur. But if the price down strong, may be can fall to 79.06 as weekly support 2 level.

[ashaab]

The trading range for today is among key support at 78.80 and key resistance now at 81.25.

The general trend over short term basis is to the upside targeting 87.45 as far as areas of 75.20 remain intact.



Recommendation : Based on the charts and explanations above our opinion is, staying aside until an actionable setup presents itself to pinpoint the upcoming big move.

[simpleforex68]

In H4 chart of the pair, there is a Divergence on MACD. Moreover, the Kumo Cloud is Flat, this will create the attraction of the price. Therefore, I think the price will increase strongly.

[nurdiantofxwave]

This pair had been up from lowest position yesterday at 79.70.the trend is up but not strong. Be careful this pair can reverse direction because later there are trade balance news at 23:50 when market will closed.

In technical analysis ,ma16 had crossed ma96 in tf 15 that confirmation to buy position but wait until stochastic 5,3,3 in tf h1 at level over sold.

Now the pair is in around dayly pivot area.If the pair down it might be in level 79.69 as dayly support 1 then might be retrace up because the trend is up.

[jony]

The USD/JPY failed to benefit from the carry trade renaissance that occurred over the last 8 weeks. This happened primarily because interest rate differentials between Japan and the US were shrinking at a pace never seen since 2001. Still in the past 4 week those circumstances have clearly changed.

[sasa0220]

USD/JPY has a side way trend at the moment in H4 chart . Bollinger bands (10,2) are running parallel.And very thin. Show a low volatility market. H1 and daily chart suggest still the down trend exist. So i think this pair will continue it's bearish momentum for a while

[nurdiantofxwave]

It is difficult for the BOJ to be able to control the risk appetite of the yen market. There is no definite statement about what to do with the BOJ and the Japanese finance ministry, but the volatility that has been formed is enough for the authorities in the improvement of the monetary program and fiscal policies are being applied by the BoJ.(bloomberg.com)

In my technical analysis yesterday correction of USDJPY rose to 79.62 area in accordance with the expectations of the market to reduce massive movement of the weakening yen. Breakdown of 50% Fibonacci level weekly may be as a medium-term projections for the yen to weaken, at least testing the 81.00 area this week and signal weakness in the break area of ​​80.40, the heart - the heart will be 61% Fibonacci level weekly area 79.20.

[simpleforex68]

There is a down channel in H4 chart. Moreover, the price is under the Ichimoku Kumo Cloud and EMA 200. These signals confirm for the downtrend. So, I think the price will be down ti the lower channel line and then be up.

[hazem ahmed mohamed]

i think that we should sell now as we have a moving down channel so i predict that USDJPY will move down ward on the long term until it reach the lower moving down trend and the daily chart shows that .

[khaled24]

After facing the strong support level @ 79.60 ( 0.0%) the pair now is moving up and will hit the resistance level @ 80.68 (23.6%) , i think it is a weak level so the pair will break it and continue moving up till reaching the downtrend line as shown in the chart , then the pair will make a retest and move down again , so i think it is better to buy now on short term with small profit or wait for becoming close of the indicated trend line then sell the pair