Forex: USDJPY [Technical Comment]

USDJPY has been caught within a narrow range for a while now, but on the H4 chart we see a bullish formation developing, with a breakout above VST resistance at 81.00 likely to see it advance to or very near 81.30 again.(HND)

Forex: EURJPY [Technical Comment]

There is a potential breakout scenario developing on the daily chart of EURJPY. We are looking for a move above the 117.86 resistance, which should see it continue on to 118.75.(HND)

Forex: GBPJPY [Technical Comment]

Based on the H4 chart timeframe, GBPJPY looks as if the recent consolidation after testing key support at 128.41 will result in a rebound to initial resistance at 130.14. A breakout above 130.14 will not come easily, but a successful move will place 130.47 as the next level to watch. A failure to pass 130.14 should see it slide back to or very near the support at 128.13.(HND)

Forex: USDJPY [Technical Comment]

Based on H4 chart time frame, a sideway trend is seen on USDJPY chart. Its next move will probably see it continue to trade sideways within a tight range, with near term support at 80.60 and resistance at 80.78. A breakup above 80.78 places 80.81 as the next target, and if support at 80.60 successful to break, we view 80.48 as the next level of importance. (HP)

Forex: EURJPY [Technical Comment]

EURJPY continues advancing and almost hit short term key resistance at 117.86. A break above this level will place 118.32 as the next upside target. Meanwhile, intraday support is located at 116.67 (TS)

Forex: GBPJPY [Technical Comment]

GBPJPY on the H1 chart has a breakup point at 129.88. If this level is taken out in the near term, the chances are it will rally to 130.14. Further resistance is seen at 130.25 and 130.40. Initial support is now 129.61. (ARS)

Forex: USDJPY [Technical Comment]

Given USDJPY held back by resistance at 80.67, a pullback will see support at 80.57 and 80.48. We view 80.48 as the key breakdown point and support, best viewed on the H1 chart, with a successful break below this level likely to see it come off to 80.29. (ARS)

Forex: USDJPY [Technical Comment]

The strong bullish moves seen on USDJPY of late should see it test the 81.00 level in the near term. This is a key resistance, and when it eventually breaks out again, we view 81.23 as the main target. Initial supports are 80.57 then 80.25. (MT)

Forex: USDJPY [Conditional Trade]

Based on H1 chart time frame, a bearish trend is currently dominating the VST direction of USDJPY. Wait for rebound and if it successfully breaks down again below the support at 80.76, then it will be possible to take on a short position at 80.75 with an initial target at 79.95. Place a stop loss at 81.35. (HP)

Forex: USDJPY [Technical Comment]

Having failed to pass the 80.87 resistance, USDJPY looks as if it will retrace and test support at 80.57. A successful breakdown at 80.57 places 80.28 as the immediate target, but if it holds here it will likely bounce back to resistance at 81.12. (ARS)