USD/JPY

[RVD Support 8]

This Thread is made for the discussion of USD versus JPY.
You can give here forecasts, explanation about the market And Technical Analysis.

[saiansh23]

Price has been with 98.30 and 97.30 100 pips range in the last few days more than 4 days now Now I would certainly be looking for a break either side for a test of 99.39 or below
95.70 so wait and watch what happens with break of 99.50 will trigger buy orders for a test of all important 105 area
regards

[topman]

A bullish trend still continues today and now it is challenging barrier 98.541. If it can breakout then we can expect the price could be reach to 99.328, else it back to test support 97.840. Since it nearest to the upper line of trend tunnel (bold white lines) then i think it more potential to be rebounce. Please check my chart and give some suggestion if necessary.

[saiansh23]

Currently the pair seems to be working with 97.64 and 98.47 But breakout either way is coming may be today WE should wait and see what comes next As pair is building up a nice bull flag but I would recommend short positions below 97.64

[yawyaw]

TO THE DOLLAR rebelled against the Japanese yen on Thursday that may find support at low price for the pair 96.95 on Tuesday that of the pair, and resistance at 98.69 the highest prize from June 14 row

[saiansh23]

Check the last post and compare it with this one
Usd/jpy has climbed upto 99.46 area as I have mentioned last week in all my charts and NOw we need a break above
99.50 area and then 100.70 to confirm that bearish pressure is off from the pair and we are on our way towards
wave 5 But if we want to go with bear THen pair has lot of support first come in line at 97.50 and then 95.70 extreme
support and then final 93.80 And the break of last support will confirm the price towards the important 89.40 Where
we would see the wave IVth find the bottom And I would stay with this count But howerver if we want to
remain about the pair then no way break above 100.70 is allowed And price should break below the support for the
final and powerful decline and then only we can enter short as pair has carried so much momentum from the bottom and
but the best part is this this recovery is in three waves and is of zigzag character where wave C is equal to wave a at 99.46
area and this is also the friday high
So remain cautios as pair can provide you with good opportunity following week
Regards
Check the chart

[topman]

A bullish trend still continues today and now it is challenging barrier 98.541. If it can breakout then we can expect the price could be reach to 99.328, else it back to test support 97.840. Since it nearest to the upper line of trend tunnel (bold white lines) then i think it more potential to be rebounce. Please check my chart and give some suggestion if necessary.

The upside target achieved by hit 99.328 last friday trade, lets continue for this monday trades.
Accordance to the wave formed in Hourly chart, i expect price might be retrace to 98.492 then continue bullish to challenge 99.328 or 99.858. For alternative plan, wait until the price can defeat 99.858 then it would increase to 100.703.

[topman]

The bullish trend is still continue today but now it challenging strong barrier on 99.722 in hourly chart there. If it can defeat this barrier then price might increase to meet the next barrier at 100.099, else it might be down for some correction. A trend tunnel (magenta lines) gave a good signal for bullish booked more points there. Look at this chart :

[hafnaoui]

The pair remained stable above the breached neckline for the inverted head and shoulders pattern which appears in the image, to keep the positive effect of the pattern continued, which is supported by the EMA50.
Therefore, we are waiting for targets that begin by breaching 100.00 to open the way towards 103.00, noting that holding above 98.40 is the main condition to keep the chances of achieving our targets.

[saiansh23]

IF we have seen the top at 100.97 of an expanded flat then soon we should see a break of 98.40 and then 97.50 for a move towards 93.90 And the 88.40 which would be then the 50% of the whole rise from bottom to top but entry is below 93.90 as pair is carrying momentum and we should sell with the selling momentum So check the chart and decide what is good for you

Any suggestions are welcome
Regards
Saiansh

[hafnaoui]

The pair declined strongly yesterday approaching from the EMA50, which forms a support now at 98.95, noting that stochastic gained good positive momentum after the mentioned decline, which encourages us to continue suggesting the overall bullish trend which depends mainly on the previously completed inverted head and shoulders pattern.

[alizai786]

in my opinion Price has been with 98.30 and 97.30 100 pips range in the last few days more than 4 days now Now I would certainly be looking for a break either side for a test of 99.39 or below
95.70 so wait and watch what happens with break of 99.50 will trigger buy orders for a test of all important 105 area

[hafnaoui]

The pair turns back to trade positively settling above 100.00, to reinforce the chances to resume the upside trend which is affected by the inverted head and shoulders pattern that appears in the image.
EMA50 continues to support the bullish wave from below, which remains valid conditioned by stability above 99.25

[saiansh23]

We see a test of 101.12 As I stated in my last post And NOw I expect the 101.30 to protect the upside to braek below 98.55 And then 97.50 To test 93.90 area
And then if we manage to break below 93.90 We will see the powerful decline of the pair towards 89.00 possible where we see the end of wave IVth And then final
wave Vth will restart But In any case if we mange to break above 101.30 Then another test of 103.50 is possible. But it is not my favourable position I would
expect the downside momentum gain from here
Regards
Check the chart

[sadikmoh]

As can be seen in the picture.The pair re-test the previously breached resistance at the point at 99.72 and rebounded strongly to the top.
Now is a good opportunity to buy up to reach the key resistance at 103.70.
Good luck to all