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USD/JPY Analysis-July 04,2011
Monday, 04 July 2011 05:01

USD/JPY Intraday Analysis - July 4, 2011: Testing Level 81.27

Yesterday: Open 80.59 High 81.15 Low 80.53 80.84 Close

Since the last American trading session, the movement experienced a bullish yen to pass a few pips from the first resistance level is at 81.00.

The focus of today's economic data for USD / JPY is:
1. JPY Monetary Base y / y at 6:50 pm
2. USD Bank Holiday "Independence Day" 

 
USD/JPY Analysis-June 30,2011
Thursday, 30 June 2011 06:11

Forex USD/JPY Intraday Analysis – June 30, 2011: 80.41 Level Test

Yesterday: Open High Low 81.04 81.21 80.56 Close 80.81

The focus of economic data today for the USD/JPY is JPY Housing Starts y/y at 12: 00 pm.


Towards the end of European trading yesterday, Yen there are already signs of bearish. It turns out it's true. Even penetrate the diagonal line of trend and a few pips from the first level support at 80.57.  

Currently the Yen looks still able to bearish. 

 
USD/JPY Analysis-June 28,2011
Tuesday, 28 June 2011 05:08

Forex USD/JPY Intraday Analysis – 28 Jun 2011: 80.23 Level Test

Yesterday: Open High Low 80.47 80.99 80.46 Close 80.91

The movement of the Yen yesterday can pass the first level of resistance even had also undergone 80.82 decline up to the level 80.63. But then rebound to the daily closing level at 80.91.

The focus of economic data today for the USD/JPY is JPY Retail Sales y/y at 6: 50 pm. 

 
USD/JPY Analysis-June 20,2011
Monday, 20 June 2011 04:53

Forex USD/JPY Intraday Analysis - June 20, 2011: Testing the 79.67 level, occurrence Alert Rebound

Yesterday: Open 80.63 High 80.74 Low 80.00 80.03 Close

Since failed to penetrate the diagonal trend line yesterday, the yen freefall past the first support level at 80.29. In fact, almost to the level of support both at 79.94 but to no avail.

Today the movement Yen still looks bullish but for the main line of the stochastic in the oversold area.
The focus of today's economic data for USD / JPY is:
1. JPY Trade Balance at 6:50 pm
2. EUR ECOFIN Meetings "All Day" 

 
USD/JPY Analysis-June 13,2011
Monday, 13 June 2011 04:07

Forex USD/JPY Intraday Analysis - June 13, 2011: Testing Level 80.57

Yesterday: Open 80.36 High 80.48 Low 79.97 80.28 Close

Yesterday since able to touch the first support level at 79.98, Yen rebounds movement to penetrate the area above the diagonal trend lines.

Currently, the movement of yen seen trying to corrections to the line MA10.

The focus of today's economic data for USD / JPY is JPY Core Machinery Orders m / m in at 6:50 pm.

 
USD/JPY Analysis-June 10,2011
Friday, 10 June 2011 04:59

Forex USD/JPY Intraday Analysis - June 10, 2011: Testing Level 79.90, Potential Happen Rebound

Yesterday: Open 79.92 High 80.43 Low 79.84 80.39 Close

Yen movement as a whole is still within normal limits with marked bullish trend line diagonally up to test the trading session yesterday as Asia took place. Then again occur and the current decline in the U.S. session lasted yen jumped back to nearly touch the resistance level at 80.45.

Currently Yen still looks bearish movement.

There is no focus on economic data today for USD / JPY.

 
USD/JPY Analysis-June 09,2011
Thursday, 09 June 2011 05:00

Forex USD/JPY Intraday Analysis - June 9, 2011: Testing Level 80.45

Yesterday: Open 80.12 High 80.29 Low 79.70 79.93 Close

Yesterday Yen movement seen six times to test the first support level at 79.77. Next yen started to rebound until the daily closing level in 79.93.

Currently yen looks still bullish.

The focus of today's economic data for USD / JPY is:

1. JPY Household Confidence at 12:00 hours GMT
2. JPY Prelim Machine Tool Orders y/y in at 13:00 pm 

 
USD/JPY Analysis-June 06,2011
Monday, 06 June 2011 00:40

Forex USD/JPY Intraday Analysis - June 6, 2011: Testing Level 79.53

Yesterday: Open 80.95 High 81.03 Low 80.06 80.22 Close

Throughout yesterday, Yen bearish movement in the range of 90 pips daily with the highest levels at 81.03 and the daily lowest level in 80.06.

Currently looks bearish yen, supported by the line MA05 and MA10. If it turns out the main lines can penetrate the diagonal trend lines in the stochastic indicator, it can open the possibility for a rebound.

There is no focus on economic data today for USD / JPY. 

 
USD/JPY Analysis-June 03,2011
Written by Praful Patat   
Friday, 03 June 2011 05:11

USDJPY reversed from 61.8%(81.63) of 82.20 to 80.70, extension 80.30-79.78 area still in progress.  USDJPY is forming another triangle on 1 hour chart, break of 80.64 next target will be 80.31-80.04 area on intraday. USDJPY break of 81.02 resistance further going up side toward 81.33. USDJPY is also possible to form Head and Shoulder pattern on 1 hour chart, confirm if not break of 80.67 and going 81.33 and reverse from there toward 80.90 and rebounce.

New High:80.93, 81.23, 81.89

New Low:80.22, 79.89, 79.53

 
USD/JPY Analysis-June 02,2011
Thursday, 02 June 2011 05:32

USDJPY reversed from 61.8%(81.63) of 82.20 to 80.70, extension 80.30-79.78 area still in progress. USDJPY broke triangle on 1 hour chart and back test trend line and going down side toward extesion. USDJPY is also under down trend line on 1 hour chart, break of 81.17 resistance further going up side toward 81.50 on intraday, otherwise down trend remain same. Break of 80.82 support further going down side toward 80.30 on intraday.

New High:81.09, 81.53, 82.01

New Low:80.81, 80.65, 80.24

 
USD/JPY Analysis-June 01,2011
Wednesday, 01 June 2011 01:25

USDJPY reversed from 61.8%(81.63) of 82.20 to 80.70, extension 80.30-79.78 area this only possible after break of 80.97 strong support. USDJPY is also forming gartley pattern on 1hour chart, confirm if reverse from 81.00 support, otherwise continues going down side toward extension. If USDJPY won’t break of 80.97 support then up side move possible again.

New High:81.41, 81.73, 82.09

New Low:81.09, 80.93, 80.46

Yesterday: Open 80.96 High 81.78 Low 80.71 81.51 Close

Throughout yesterday, after passing through a diagonal trend lines, Yen fly up to about 70 pips. Afterwards, the yen had a correction to about 40 pips.

Currently, the visible movement of yen bearish.

The focus of today's economic data for USD/JPY is JPY BOJ Gov Shirakawa Speaks "tentative"

 
USD/JPY Analysis-May 31,2011
Tuesday, 31 May 2011 02:21

Forex USD / JPY Intraday Analysis - May 31, 2011: Testing Level 81.65

Yesterday: Open 80.89 High 80.99 Low 80.74 80.97 Close

All day yesterday, the movement in the yen tends to flat conditions, given in the American market is on vacation.

Currently, the visible movement of yen bearish.

The focus of today's economic data for USD / JPY is:

1. The average number of regular employees pre-tax income per year
2. New Housing Development

 
USD/CHF Analysis-May 30,2011
Monday, 30 May 2011 04:46

Yesterday: Open 81.37 High 81.38 Low 80.70 80.84 Close : Testing Level 81.65

Since the Asian session started trading yesterday, the yen tends berasih movement until almost touching the 80.83 support level. New American middle session, Yen can penetrate the support level of 80.83 and there is a movement around that level until the daily closing level of 80.84.

Currently, the movement of yen seen trying to rebound.

There is no focus on economic data today for USD/JPY. 

 
USD/JPY Analysis-May 27,2011
Friday, 27 May 2011 03:31

Yesterday: Open 82.05 High 82.15 Low 81.16 81.38 Close : Testing Level 81.69

By American trading session begins, Yen experienced a sharp bearish on downside 70 pips. It also passed a few pips second support level at 81.31.

Currently, the yen still looks bearish.

There is no focus on economic data today for USD / JPY.

 
USD/JPY Analysis-May 26,2011
Thursday, 26 May 2011 05:39

Yesterday: Open 82.01 High 82.18 Low 81.80 82.04 Close : Testing Level 81.62

Yen movement until the closing session of the United States yesterday, did not experience significant fluctuations.

Currently seen in the yen is still bearish conditions tend Sideways.

There is no focus on economic data today for USD / JPY. 

 
USD/JPY Daily Outlook - May 25, 2011: Potential Double Top Pattern Formed Back
Wednesday, 25 May 2011 00:54

USD/JPY Daily Outlook - May 25, 2011: Potential Double Top Pattern Formed Back

Yesterday: Open 81.94 High 82.21 Low 81.62 82.00 Close

Yen currency movements since yesterday began trading the European session, 2 times almost touching the highest resistance level at 82.22 on May 19, 2011.

On the whole movement Yen reached about 60 pips.

Currently Yen looks bullish indicator conditions stoachastic in bearish conditions.

The focus of today's economic data for USD / JPY is:
1. JPY Monetary Policy Meeting Minutes 
2. JPY Trade Balance 
3. JPY BOJ Gov Shirakawa Speaks

20110525_jpy

 
USD/JPY - May 24, 2011: Potential Double Top Pattern Formed
Tuesday, 24 May 2011 05:24

Yesterday: Open 81.66 High 82.06 Low 81.32 81.97 Close

Yesterday movement Yen in the Asian session to test 6 times the 81.99 resistance level, at the European session finally Yen bearish movement until around 70 pips past the diagonal trend lines. When the final session of the United States re-test the resistance level is 81.99 yen back.

Currently Yen will look bearish.

There is no focus on economic data today for USD / JPY.

20110524_jpy

 
USD/JPY – May 23, 2011: Test Level 81.99, Potential Double Top Pattern Formed
Monday, 23 May 2011 04:45

Yesterday: Open 81 67 High 81.88 Low 81 48 Close 81.69

By the early European trading session yesterday, the movement of the currency to the Yen's bullish trend sideways to reach the highest level in daily 81.88.  

Overall range high low daily Yen yesterday around 40 pips.  

Currently, the visible movement of the Yen bullish but when the highest level yesterday not impregnable, potential double top pattern formed.

The focus of economic data today for the USD/JPY is JPY BOJ Monthly Report at 12: 00 PM

20110523_jpy

 
USD/JPY - May 20, 2011: Testing Level 81.99, Potential Formed Head And Shoulder Pattern
Friday, 20 May 2011 04:28

Yesterday: Open 81.68 High 82.23 Low 81.47 81.68 Close

By early European trading session yesterday, the movement of the Yen has been bullish until you reach the highest level at 82.23 daily, several times the first test resistance level at 81.95 and was even past the second resistance level at 82.22. Next yen freefall down to the lowest level at 81.47 daily.

Overall daily high low range yen yesterday around 75 pips.

Currently, the visible movement of yen bullish. Formed potential head and shoulder pattern visible.

The focus of today's economic data for USD / JPY is:
1. JPY Monetary Policy Statement "tentative"
2. JPY Overnight Call Rate "tentative"
3. JPY All Industries Activity m / m in at 11:30 pm
4. JPY BOJ Press Conference "tentative"

20110520_jpy

 
USD/JPY - May 19, 2011: Testing Level 81.95
Thursday, 19 May 2011 04:55

Yesterday: Open 81.42 High 81.76 Low 80.94 81.67 Close

Since the Asian trading session begins, the movement of the Yen yesterday already looks bearish and peaked at the lowest level at 80.94 daily. Furthermore, the yen rebounded quite sharply about 80 pips from the lowest level daily. Overall daily high low range Yen about 80 pips.

Currently Yen will continue its bullish still looks back to the graph H1.

The focus of today's economic data for USD / JPY is:
1. JPY Prelim GDP q/q in at 6:50 pm
2. JPY Prelim GDP Price Index y/y at 06:50 pm
3. JPY Revised Industrial Production m/m in at 11:30 pm

20110519_jpy

 
USD/JPY - May 18, 2011: Testing Level 81.95
Wednesday, 18 May 2011 05:02

Yesterday: Open 80.85 High 81.78 Low 80.74 81.43 Close

Since the Asian trading session begins, the movement of the Yen yesterday already looks bullish to penetrate the resistance level at 81.30 and reached a peak at the highest level at 81.78 daily. Furthermore, the yen experienced a correction of about 50 pips from the highest level daily. Overall daily high low range of the Yen in the range of 100 pips.

Currently Yen will continue its bullish still looks back to the graph H1.

The focus of today's economic data for USD / JPY is JPY Tertiary Industry Activity m / m in at 6:50 pm

20110518_jpy

 
USD/JPY Intraday-May 17, 2011: Test Level 80.68
Tuesday, 17 May 2011 04:37

Yesterday: Open 80.74 High 81.08 Low 80 68 Close 80.86

Overall range high low daily currency the Yen yesterday was about 35 pips.  

The current look bullish for Yen in the condition H1 chart.  

There is no focus on economic data today for the USD/JPY.

20110516_jpy

 

 

USD/JPY Technical Analysis - 19/April

By Praful Patat   05:00 GMT

GBPUSD backed from 127.2% extension (1.6171) of 1.6427 to 1.6226 and retrace 38.2% (1.6247), (1.6300), if GBPUSD will reverse from 1.6247-1.6300 area then, extension at 1.6104, 1.6028 which is near to 78.6% at 1.6040 of 1.5935 to 1.6427. GBPUSD break of 1.6187 support next target will be 1.6123 and break of 1.6300 resistance further going up side toward 1.6337 on intraday. GBPUSD break of 1.6171 support next will be 1.6030 on daily chart.

New High:  1.6297, 1.6378, 1.6347.

New Low:  1.6134, 1.6215, 1.6184.

Pivot Point: R3-1.6415, R2-1.6353, R1-1.6315, PP-1.6252, S1-1.6190, S2-1.6151, S3-1.6089.

 

 

USD/JPY Technical Analysis - 18/April

By Praful Patat    05:00 GMT

USDJPY break of 82.75 support then further going down side toward 82.06 next target on intraday. USDJPY is retracing toward 82.06 (38.2%), 79.91 (61.8%) of 76.43 to 85.52, possible reversal from 82.06, also trend line pass there. If USDJPY will reverse from 82.06 then extension will be at 87.99, 91.12 in bigger range. In USDJPY also triangle trend line pass at 82.06. USDJPY break of 82.06 support then next target will be 79.91.

New High:  83.44, 83.86, 83.53.

New Low:   82.61, 83.03, 82.70.

Pivot Point: R3-84.11, R2-83.79, R1-83.59, PP-83.27, S1-82.96, S2-82.76, S3-82.44.

 

 

USD/JPY Technical Analysis - 15 April

By Praful Patat   05:00 GMT

USDJPY is retracing toward 82.06 (38.2%), 79.91 (61.8%) of 76.43 to 85.52, possible reversal from 82.06, also trend line pass there. If USDJPY will reverse from 82.06 then extension will be at 87.99, 91.12 in bigger range. In USDJPY also triangle trend line pass at 82.06. USDJPY break of 82.06 support then next target will be 79.91.

New High:  83.71, 84.19, 83.98.

New Low:   82.74, 83.22, 83.01.

Pivot Point: R3-84.43, R2-84.06, R1-83.83, PP-83.45, S1-83.08, S2-82.85, S3-82.47.

 
USD-JPY Technical - 14/March
Written by Praful Patat   
Monday, 14 March 2011 05:31

 

USDJPY backed from 127.2% extension from 81.56 to 83.96 and retrace 61.8% at 82.25, 127.2% projection at 79.86.

 
USD-JPY Technical - 11/March
Written by Praful Patat   
Friday, 11 March 2011 06:31

USDJPY retraced Fib No.61.8% at 83.05 again from 83.96 to 81.56. Break of 83.35 then going further up side toward 83.70 resistance, otherwise down to 81.55 support. USDJPY is forming triangle on daily chart still in progress. USDJPY rebounded from 61.8% at 83.04, extension 127.2% at 80.90, 161.8% at 80.07 still valid. USDJPY is going toward up triangle line at 83.70.
Strategy: USDJPY sell from 82.90 target 82.13, 81.56 stop loss 83.85
New High: 83.07, 83.30, 83.21.
New Low: 82.60, 82.83, 82.74.
R3-83.41, R2-83.23, R1-83.12, PP-82.94, S1-82.76, S2-82.65, S3-82.47.

USDJPY retraced Fib No.61.8% at 83.05 again from 83.96 to 81.56. Break of 83.35 then going further up side toward 83.70 resistance,

 
USD-JPY Technical - 10/March
Written by Praful Patat   
Thursday, 10 March 2011 06:23

USDJPY is doing sideway movement on 1hour chart, break of 82.92 resistance further going up side toward 83.70 or break of 82.55 support, going down to 82.13. USDJPY is forming triangle on daily chart still in progress. USDJPY rebounded from 61.8% at 83.04, extension 127.2% at 80.90, 161.8% at 80.07 still valid if not break of 83.04 resistance. USDJPY is going toward up triangle line at 83.70.
Strategy: USDJPY buy from support or sell from resistance.
New High: 82.83, 83.00, 82.91.
New Low: 82.48, 82.65, 82.56.
R3-83.10, R2-82.96, R1-82.88, PP-82.74, S1-82.61, S2-82.52, S3-82.39.

USDJPY is doing sideway movement on 1hour chart, break of 82.92 resistance further going up side toward 83.70 or break of 82.55 support,

 
USD-JPY Technical - 09/March
Written by Praful Patat   
Wednesday, 09 March 2011 06:21

USDJPY is forming triangle on daily chart still in progress. USDJPY rebounded from 61.8% at 83.04, extension 127.2% at 80.90, 161.8% at 80.07 still valid if not break of 83.04 resistance. USDJPY is going toward up triangle line at 83.70. Strong resistance at 83.04 if not break of this level then again come down to 81.56 next target.
On 1 hour chart, also formed inverse Head and Shoulder pattern and confirmed
Strategy: USDJPY buy at 82.80 area target 83.05, 83.46 stop loss 82.40.
New High:  82.75, 83.07, 82.98.
New Low:  82.11, 82.43, 82.34.
R3-83.21, R2-82.96, R1-82.81, PP-82.57, S1-82.32, S2-82.17, S3-81.92

USDJPY is forming triangle on daily chart still in progress. USDJPY rebounded from 61.8% at 83.04, extension 127.2% at 80.90, 161.8%

 
USD-JPY Technical - 08/March
Written by Praful Patat   
Tuesday, 08 March 2011 06:02

USDJPY is forming triangle on daily chart still in progress. USDJPY rebounded from 61.8% at 83.04, extension 127.2% at 80.90, 161.8% at 80.07

 
USD-JPY Technical - 07/March
Written by Praful Patat   
Monday, 07 March 2011 06:12

USDJPY is forming triangle on daily chart still in progress. USDJPY rebounded from 61.8% at 83.04, extension 127.2% at 80.90, 161.8% at 80.07. Now USDJPY break of 81.56 support level further going down side toward 80.90 next target on down side, otherwise up side toward 83.74 resistance in bigger range. If USDJPY will back from 82.18, 81.95 area then again going up side toward 83.40 resistance.
Strategy: USDJPY sell at 82.20 area target 81.95, 80.90 stop loss 83.04.
New High:  82.66, 83.10, 82.70.
New Low:  81.78, 82.22, 81.82.
R3-83.38, R2-83.04, R1-82.83, PP-82.49, S1-81.16, S2-81.95, S3-81.61

USDJPY is forming triangle on daily chart still in progress. USDJPY rebounded from 61.8% at 83.04, extension 127.2% at 80.90, 161.8% at 80.07.

 
USD-JPY Technical - 04/March
Written by Praful Patat   
Friday, 04 March 2011 06:06

USDJPY is forming triangle on daily chart still in progress. USDJPY rebounded from lower triangle trend line on daily chart. Now USDJPY break of 81.56 support level further going down side toward 80.30 next target on down side, otherwise up side toward 83.53 resistance in bigger range. Break of 82.51, further going up side toward 83.00 on intraday. USDJPY is consolidation on 1 hour chart. USDJPY break of 82.22 level further going down side toward 81.92 support.
Strategy: USDJPY buy at 82.33, 81.92 area target 82.86, 83.40 stop loss 81.11.
New High:  82.47, 82.87, 82.83.
New Low:  81.68, 82.08, 82.04.
R3-83.01, R2-82.71, R1-82.52, PP-82.22, S1-81.92, S2-81.73, S3-81.42

USDJPY is forming triangle on daily chart still in progress. USDJPY rebounded from lower triangle trend line on daily chart. Now USDJPY break of 81.56 support level further going down side toward 80.30 next target on down side, otherwise up side toward 83.53 resistance in bigger range. Break of 82.51, further going up side toward 83.00 on intraday. USDJPY is consolidation on 1 hour chart. USDJPY break of 82.22 level further going down side toward 81.92 support.

 
USD-JPY Technical - 03/March
Written by Praful Patat   
Thursday, 03 March 2011 05:48

USDJPY is forming triangle on daily chart. USDJPY is on lower triangle trend line on daily chart. USDJPY break of 81.56 support level further going down side toward 80.30 next target on down side, otherwise up side toward 83.53 resistance in bigger range. Break of 82.05, further going up side toward 82.38 on intraday.
Strategy: USDJPY buy at 81.80 target 81.46, 83.40 stop loss 81.11.
New High:  81.98, 82.25, 82.13.
New Low:  81.44, 81.71, 81.59.
R3-82.38, R2-82.18, R1-82.05, PP-81.84, S1-81.64, S2-81.51, S3-81.30

USDJPY is forming triangle on daily chart. USDJPY is on lower triangle trend line on daily chart. USDJPY break of 81.56 support level further going down side toward 80.30 next target on down side, otherwise up side toward 83.53 resistance in bigger range. Break of 82.05, further going up side toward 82.38 on intraday. 

 
USD-JPY Technical - 24/Feb
Written by Praful Patat   
Thursday, 24 February 2011 05:32

USDJPY is forming flag pattern on 1 hour chart, possibility to back from 81.83. If back from this area going further up side toward 84.76, 85.76. Break of 81.83 support level further going down to 81.51. In USDJPY, buyers will come around 81.83 area, then pull back from there.
New High:  82.69, 82.98, 82.79
New Low:  82.12, 82.41, 82.22
R3-83.14, R2-82.82, R1-82.78, PP-82.56, S1-82.35, S2-82.21, S3-81.99

USDJPY is forming flag pattern on 1 hour chart, possibility to back from 81.83. If back from this area going further up side toward 84.76, 85.76. Break of 81.83 support level further going down to 81.51. In USDJPY, buyers will come around 81.83 area, then pull back from there.  

 
USD-JPY Technical - 23/Feb
Written by Praful Patat   
Wednesday, 23 February 2011 06:04

USDJPY is going down toward Fib No. 61.8% 82.20 from 81.10 to 83.97. Now USDJPY on Fib No. 50.00%, also triangle trend line pass here. Right now possibility to back from 82.53, 82.20 area. If back from this area going further up side toward 84.76, 85.76. Break of 82.20 further going down to 81.83 support level.
New High:  83.14, 83.62, 83.23
New Low:  82.18, 82.66, 82.27
R3-83.90, R2-83.54, R1-83.31, PP-82.95, S1-82.59, S2-82.36, S3-82.00

USDJPY is going down toward Fib No. 61.8% 82.20 from 81.10 to 83.97. Now USDJPY on Fib No. 50.00%, also triangle trend line pass here. Right now possibility to back from 82.53, 82.20 area. If back from this area going further up side toward 84.76, 85.76. Break of 82.20 further going down to 81.83 support level.

 
USD-JPY Technical - 21/Feb
Written by Praful Patat   
Monday, 21 February 2011 05:11

USDJPY is retracing to Fib No. (38.2%) 82.89 from 81.09 to 83.97 still valid. USDJPY will come down to (38.2%) 82.89, (61.8%) 82.19 also trend line pass there. USDJPY break of 84.48 daily resistance, further going up side toward 85.65 which is 127.2% Fib No. extension from 80.23 to 84.49. USDJPY is possibility to back from 82.87, also daily support.
In bigger range going up side at 85.65 from 80.23 to 84.49, extension at (85.65) 127.2%, at (87.14) 161.8%
Strategy: Buy from support.
New High:  83.35, 83.62, .83.45
New Low:  82.80, 83.07, 83.90
R3-83.77, R2-83.56, R1-83.43, PP-83.22, S1-83.01, S2-82.88, S3-82.66.

USDJPY is retracing to Fib No. (38.2%) 82.89 from 81.09 to 83.97 still valid. USDJPY will come down to (38.2%) 82.89, (61.8%) 82.19 also trend line pass there. USDJPY break of 84.48 daily resistance, further going up side toward 85.65 which is 127.2% Fib No. extension from 80.23 to 84.49. USDJPY is possibility to back from 82.87, also daily support.  

 
USD-JPY Technical - 16/Feb/2011

 

USDJPY break triangle on daily chart and going up side toward daily resistance at 84.48. USDJPY will come down to 82.68, also trend line pass there. USDJPY break of 84.48 daily resistance, further going up side toward 85.65 which is 127.2% Fib No. extension from 80.23 to 84.49. Not break of 84.48 level then going also see double top. Also counter ABCD pattern forming on daily chart from 80.87 to 83.67 which back from 74.6% Fib No.
In bigger range going up side at 85.65 from 80.23 to 84.49, extension at (85.65) 127.2%, at (87.14) 161.8%
Strategy: Buy from support.
Range: 83.84to 83.12 or 83.40 to 84.12
R3-84.34, R2-84.06, R1-83.89, PP-83.62, S1-83.34, S2-83.17, S3-82.90.

USDJPY break triangle on daily chart and going up side toward daily resistance at 84.48. USDJPY will come down to 82.68, also trend line pass there. USDJPY break of 84.48 daily resistance, further going up side toward 85.65 which is 127.2% Fib No. extension from 80.23 to 84.49. Not break of 84.48 level then going also see double top. Also counter ABCD pattern forming on daily chart from 80.87 to 83.67 which back from 74.6% Fib No.

 
USD-JPY Technical - 15/Feb/2011

USDJPY break triangle on daily chart and going up side toward daily resistance at 83.67 and form double top on 4 hour chart. Now USDJPY will come down to 82.68, also trend line pass there. USDJPY break of 84.48 daily resistance, further going up side toward 85.65 which is 127.2% Fib No. extension from 80.23 to 84.49. Not break of 84.49 level then going also see double top. Also counter ABCD pattern forming on daily chart from 80.87 to 83.67 which back from 74.6% Fib No.
In bigger range going up side at 85.65 from 80.23 to 84.49, extension at (85.65) 127.2%, at (87.14) 161.8%
Strategy: Buy from support.
Range: 83.10 to 83.53
R3-83.73, R2-83.56, R1-83.46, PP-83.30, S1-83.14, S2-83.04, S3-82.88.

USDJPY break triangle on daily chart and going up side toward daily resistance at 83.67 and form double top on 4 hour chart. Now USDJPY will come down to 82.68, also trend line pass there. USDJPY break of 84.48 daily resistance, further going up side toward 85.65 which is 127.2% Fib No. extension from 80.23 to 84.49. Not break of 84.49 level then going also see double top. Also counter ABCD pattern forming on daily chart from 80.87 to 83.67 which back from 74.6% Fib No.