Every week, we are publishing the Experts Forecast Currencies Poll. A pool of selected traders and analysts gives us their targets for the major currencies for the week, month and quarter to come. They also indicate the whole trend in these periods.
The report includes a visual table for each pair, as well as the comments that the experts might have added to their analysis.
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| USDJPY | 1 Week | 1 Month | 1 Quarter | 1 Week | 1 Month | 1 Quarter | ||
|---|---|---|---|---|---|---|---|---|
| Levels | Trend | |||||||
| ©FXstreet.com | Fri, Aug 10 2012, 17:00 GMT | |||||||
| A. Narczewski | 78.00 | 77.00 | 78.00 | Bearish | Bearish | Sideways | ||
| Alexander Chepurkó | 78.10 | 79.00 | 77.50 | Sideways | Bullish | Sideways | ||
| Ani Salama | 78.00 | 78.00 | 78.00 | Bearish | Sideways | Sideways | ||
| Anna Coulling | 76.08 | 78.12 | 80.50 | Bearish | Sideways | Bullish | ||
| Claudiu Cazacu | 79.35 | 80.20 | 82.00 | Bullish | Bullish | Bullish | ||
| Danske Research Team | - | - | 79.00 | Sideways | Sideways | Bullish | ||
| Esteban Mora | 79.00 | 80.00 | 81.00 | Bullish | Bullish | Bullish | ||
| Gonçalo Moreira, CMT | 79.00 | 77.60 | 76.70 | Bullish | Bearish | Bearish | ||
| Gregor Horvat | 77.50 | 77.00 | 79.00 | Bearish | Bearish | Bullish | ||
| ICN.com analysis team | 79.55 | 80.50 | 84.15 | Bullish | Bullish | Bullish | ||
| Ilian Yotov | 77.50 | 80.00 | 80.00 | Bearish | Bullish | Bullish | ||
| Joshua Martinez | 78.80 | 78.80 | 78.80 | Bullish | Bullish | Sideways | ||
| Mauricio Carrillo | 77.70 | 79.00 | 80.00 | Bearish | Bullish | Bullish | ||
| Rabobank Financial Markets Research Team | - | 79.00 | 80.00 | - | Bullish | Bullish | ||
| RBS Team | - | - | 79.00 | Sideways | Sideways | Bullish | ||
| TD Securities Research Team | - | - | 78.00 | Sideways | Sideways | Sideways | ||
| UBS FX Research Team | - | 78.00 | 78.00 | Sideways | Sideways | Sideways | ||
| UniCredit Research | - | - | 79.00 | Sideways | Sideways | Bullish | ||
| Valeria Bednarik | 78.00 | 78.80 | 79.00 | Bearish | Bullish | Bullish | ||
| Westpac Institutional Bank Team | - | 80.00 | - | Sideways | Bullish | Sideways | ||
| Yohay Elam | 78.00 | 79.00 | 82.00 | Bearish | Bullish | Bullish | ||
| Average | 78.18 | 78.82 | 79.48 | Sideways | Bullish | Bullish | ||
Slow, overlapping and choppy waves suggests that this is just another pause within larger downtrend. Break of 78.00 calls 77.00-77.50.
A break above 78.80 is required to confirm the bullish scenario.
The USD/JPY pair is making its way back to the "Intervention Zone" between 75 and 78 yen and further declines there would increase exponentially the odds of another intervention by Japanese
SIDEWAYS. Showing potential bullish movement, but not enough information for long term.
Risk Disclosure
This forecast has just an informative meaning and cannot be treated as the guide to action, signal, recommendation or an offer to carry out certain trading operation. The experts of this poll expresses personal opinions and will not assume any responsibility whatsoever for the actions of the reader.We always aim for maximum accuracy, and FXstreet.com cannot be held responsible for inaccurate information or typos.
The usdjpy continues its bearish tone and now looks set for a re-test of the strong platform of support in the 76 area.