Usd-jpy

[activ]

USD-JPY
120.97. There is bearish potential for a fall to 120.65 or 120.32 while 121.27 - 121.43 resist. After this fall a recovery up to 121.27 or 121.43 is expected.

[back]

122.84. Market should hold major support at 121.83 before rising towards 123.33 or even 123.82 limit

[back]

اندفع الدولار مقابل الين الياباني بقوة نحو الأسفل يوم أمس ، بعد أن كان قد شكل نمطا قويا للأسفل منذ أن أغلق تحت المستوى 123.30 في اليومين الماضيين. الهدف التالي للزوج قد يكون عند 121.20 على المدى القصير ، إلا أن هذا الأمر سيعتمد على ما إذا أغلقت العملة تحت المستوى 122.60 هذا اليوم.

مستويات التداول لليوم قد تكون ما بين مستوى المقاومة 123.60 و مستوى الدعم 122.30.

[back]

النمط العام على نحو حيادي.

[back]

Stays above pivot level 122.76 . Immediate resistance seen at 123.80 while support seen at 122.27 .

[13thheaven]

for today, i think uj will go down with the resistance of 123.35
i think it will go through 122.75

[ngurah]

The yen depreciated vis-�-vis the U.S. dollar today as the greenback tested offers around the �123.35 level and was supported around the �122.75 level. Technically, today's intraday high was right around the 23.6% retracement of the move from �120.75 to �124.15. Bank of Japan Governor Fukui talked about interest rates today saying �if left too long at levels that do not reflect economic fundamentals, they could distort the distribution of resources and also hinder the economic recovery� but added they will only be adjusted gradually.
sm_smile

[forexway]

Active Gann support circa 122.79 held with a low of 122.77 and gave a max of circa 55 pips.

Still the possibility of another probe below this support and as mentioned yesterday, if broken again, I have another active Gann waiting in the depths below that should form a floor @122.00 to assist and springboard the action north.

[ngurah]

As dlr has risen after finding renewed buying at
123.25/28, retaining our bullishness for the recent
upmove to resume soon n abv 123.54 wud extend gain
twds 123.95 b4 prospect of strg pullback due to nr
term loss of momentum.

Trade fm long side, stop as indicated, break wud
prolong choppy consolidation n risk 123.00/05...

Range Forecast
123.25 / 123.54

Resistance/Support
R: 123.60/123.95/124.14
S: 123.25/123.11/122.78

[lucky]

USD-JPY
123.23. Our preferred outlook is for a drift down to 123.03 or below 122.84. Resistances are at 123.23 and 123.30. A rise above 123.49 would delay but not abort this expected fall

[johnsmith]

Looks like a good buying zone

[djameled]

look at the chart

[guptabhk]

USD/JPY: Support for the week should be found at 122.82. 124.13 is proposing a big hurdle for this pair. Once broken, it should be off to the races to YR2 at 125.53. At that point, I would be looking for a reversal. I know there is a prospect for this pair to make it to the 127’s, but this pair is extremely OB, and when it comes DOWN, it should crash.

[13thheaven]

i think it should crash soon...
but if it's crashed, then the gu will be moving up...
so i'm a little confused...
or is the cross playing?

[pham_nams]

My preferred view is for a drift down to 123.19 or below 122.98. Resistances is at 123.36. A rise above 123.64 would delay but not abort this expected fall.