Usd/Jpy

[ashaab]

The pair is presently retesting the upper line of the descending channel where it meets SMA 100 as seen on the provided chart. We will continue relying on the bearish channel and SMA 50 to suggest downside movements for the rest of the day . A breakout above 80.00 areas will threaten the scenario as it will be an indication that 61.8% Fibonacci level has stopped the correction started at 84.15.



Recommendation : Based on the charts and explanations above our opinion is, selling the pair around 79.55 targeting 78.20 and stop loss above 80.40 might be appropriate.

[simpleforex68]

I would like to analyze in long term view of the pair. Let's have a look at H4 chart of the pair. The price is below the Ichimoku Kumo Cloud. So, it is in downtrend. I think the price will decrease strongly.

[delpacing]

The return of risk appetite yen market will make the currency in the rush as the alternate asset liquidity so the yen firmed to 79.11 area (61% Fibonacci daily) yesterday, a crucial area for the BoJ as a signal for the BoJ to consider re-opening the door to intervention .
Resisten : 79.45, 79.61
Support : 79.10, 78.92
Range : 79.15 - 79.79

[MFTRADER]

USDJPY jumped ABOUT 25 pips after Fitch downgraded Japan's long-term foreign and local currency issuer default ratings to 'A+' from 'AA' and 'AA-', respectively.after first spike the pair retraced to 61.8 % of the spike and the started continue to the upside ,i have long position and hope to close it at 80.00

[nurdiantofxwave]

The price cann't able to break dayly ressistance 1 level (79.45) but down back to opening level. It estimated that price will go up bacause influenced by trend that are happening. Trend that shown by tvi indicator had been in above level 50 is up. If the price go down and then break dayly pivot ,it may not go down too far but can retrace up following trend.

[ashaab]

Just a few pips separated between the proposed entry point at 79.55 and the high recorded in the previous session where the pair started to show bearish tendency once again. So long as the psychological level of 80.00 continued covering the pair�s movements, we may witness a retest of the pivotal support of 78.20 while a breakout above 80.30 will damage the bearish picture and will bring the bullishness back into focus.



Recommendation : Based on the charts and explanations above our opinion is, selling the pair around 79.55 targeting 78.20 and stop loss above 80.40 might be appropriate.

[delpacing]

Be careful with the break area of ​​78.88, and the correction may be only up to 79.79 area ....
If at the end of this week or next week there are daily closing at 79.80 ata area the testing area to 80.20, closing the opposite if there is the area below it will be testing 78.88 to 78.33 are
Resisten : 79.31, 79.61
Support : 78.85, 78.69
Range : 78.80 - 79.30

[simpleforex68]

Let's have a look at H4 chart of the pair. The price is in downtrend. But I think that it will retrace to the Fibonacci 50% level because of the Flat Kumo Cloud. This flat cloud will attract the price.

[ashaab]

The momentum resistance of RSI 14 at the level of 50.00 has forced the pair to re-enter the descending channel that started at 84.15 as seen on the provided graph. Furthermore, the initial support of 79.55 was taken with a long black candlestick pattern but the technical catalyst that prevents us from suggesting further drops is that the pair is presently touching 61.8% of the entire upside wave from 76.00 levels to 84.15 zones. We are not completely sure if whether the recent piece action is just a correction for the aforesaid rally or the pair will continue moving lower to retest the significant low once more. Hence, we will stay aside today ahead of the weekly closing until clearer signs appear to pinpoint the next move.



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.

[hazem ahmed mohamed]

i think that we should buy now as we have a strong support level@0% so i predict that USDJPY will move up ward on the short term our tp1@23.6% as we have a resistance level@this level.