{"id":26940,"date":"2012-01-29T20:20:10","date_gmt":"2012-01-30T01:20:10","guid":{"rendered":"http:\/\/countingpips.com\/fx\/?p=26940"},"modified":"2012-01-29T20:20:10","modified_gmt":"2012-01-30T01:20:10","slug":"usdjpy-outlook-jan-29-2012","status":"publish","type":"post","link":"https:\/\/www.investmacro.com\/fx\/2012\/01\/29\/usdjpy-outlook-jan-29-2012\/","title":{"rendered":"USD\/JPY Outlook &#8211; Jan 29, 2012"},"content":{"rendered":"<p>USD\/JPY broke the resistance we had mentioned that we would be watching and moved up to 78.22 as mentioned last weekend. The currency pair touched 78.28 and had a strong fall from there. Please also take a look about this resistance in the post under the subforum names \u201cWatchouts-Observations-Alerts\u201d under\u00a0 <a href=\"http:\/\/www.forexabode.com\/forum\">forex forum<\/a>.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" title=\"usdjpy forecast\" src=\"http:\/\/www.forexabode.com\/images\/stories\/technical_analysis\/long_term\/usd_jpy.gif\" alt=\"usdjpy daily chart\" width=\"546\" height=\"392\" \/><\/p>\n<p>The recent drop came from a zone which had proved to be a very strong resistance area from November 4th to December 28th, 2011 and turns the focus downwards again or for another extended sideways move.<\/p>\n<p>On the downside the break of the support at 76.55 is important to expect further downward movement.\u00a0 A break of that would again bring frequent supports near 76.40, 76.20 and 76.00 because of the upcoming psychological level of 75.00 ranges. Overall on the downside a strong break below 75.80 and some sustained action below 75.80 would make us expect deeper movements<\/p>\n<p>On the upside, if USDJPY breaks over 77.32\/77.38, which is little over the upper edge resistance of the daily Ichimoku cloud as well as represents a previous resistance then we will again go neutral for the currency pair and would expect a retest of the resent 78.28 and possibly more upward correction.<\/p>\n<p>This is not for the next week but overall we stay bearish for USDJPY for the longer-term basis at least till a firm break of 85.52 does not take place and this level becomes a support level instead of resistance.<\/p>\n<p>You may also check daily technical <a href=\"http:\/\/www.forexabode.com\/technical-analysis\/usd-jpy\">usd\/jpy analysis<\/a> and the weekend <a href=\"http:\/\/www.forexabode.com\/approach-for-trading\/usd-jpy\">usdjpy forecast<\/a> at ForexAbode.com.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>USD\/JPY broke the resistance we had mentioned that we would be watching and moved up to 78.22 as mentioned last weekend. The currency pair touched 78.28 and had a strong fall from there. Please also take a look about this resistance in the post under the subforum names \u201cWatchouts-Observations-Alerts\u201d under\u00a0 forex forum. The recent drop &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.investmacro.com\/fx\/2012\/01\/29\/usdjpy-outlook-jan-29-2012\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;USD\/JPY Outlook &#8211; Jan 29, 2012&#8221;<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-26940","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/26940","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/comments?post=26940"}],"version-history":[{"count":0,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/posts\/26940\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/media?parent=26940"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/categories?post=26940"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.investmacro.com\/fx\/wp-json\/wp\/v2\/tags?post=26940"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}