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 17 2012, 17:00 GMT | |||||||
| A. Narczewski | 79.00 | 79.50 | 78.00 | Bearish | Sideways | Bearish | ||
| Ani Salama | 80.00 | 79.00 | 79.00 | Bullish | Bearish | Sideways | ||
| Anna Coulling | 79.91 | 78.12 | 80.50 | Bullish | Bearish | Bullish | ||
| Claudiu Cazacu | 80.00 | 80.40 | 82.10 | Bullish | Bullish | Bullish | ||
| Danske Research Team | - | 81.00 | 83.00 | Sideways | Bullish | Bullish | ||
| Derek Frey, CTA | 78.50 | 82.00 | 84.00 | Bearish | Bullish | Bullish | ||
| Gavin Grier-Rees | 79.10 | 79.10 | 79.10 | Bearish | Bearish | Sideways | ||
| Gonçalo Moreira, CMT | 80.00 | 77.60 | 76.70 | Bullish | Bearish | Bearish | ||
| ICN.com analysis team | 80.50 | 81.50 | 84.15 | Bullish | Bullish | Bullish | ||
| Ilian Yotov | 80.00 | 80.00 | 80.00 | Bullish | Bullish | Sideways | ||
| Joshua Martinez | 80.17 | 81.66 | 85.00 | Bullish | Bullish | Bullish | ||
| Mauricio Carrillo | 80.00 | 80.00 | 78.00 | Bullish | Bullish | Bearish | ||
| Rabobank Financial Markets Research Team | - | 79.50 | 80.00 | Sideways | Sideways | Sideways | ||
| Ross Yamashita | 80.00 | 82.00 | 85.00 | Bullish | Bullish | Bullish | ||
| TD Securities Research Team | - | - | 78.00 | Sideways | Sideways | Bearish | ||
| UBS FX Research Team | - | 78.00 | 78.00 | Sideways | Bearish | Bearish | ||
| Valeria Bednarik | 80.00 | 80.60 | 79.00 | Bullish | Bullish | Sideways | ||
| Wells Fargo Research Team | - | - | 80.00 | Sideways | Sideways | Sideways | ||
| Westpac Institutional Bank Team | - | 80.00 | - | Sideways | Bullish | Sideways | ||
| Yohay Elam | 79.00 | 79.00 | 82.00 | Bearish | Bearish | Bullish | ||
| Average | 79.73 | 79.94 | 80.61 | Sideways | Bullish | Bullish | ||
The pair continues to base around the 78 area with a strong platform of support now in place and a re-test of the 80 level is now on the horizon with a possible move back to break through the 80.57 in due course.
Has traded in a 80.60 to 77.60 range since the end of April. We cannot see this changing.
A daily closing above 0.9810 will cancel the weekly bearishness, while breaching 0.9655 will confirm it
The USD/JPY pair is heading towards the top of its current range at 80.60. A break above this level would probably not take place until the FOMC and the BoJ September meetings bring clarity on the next moves by the two major central banks.
USDCHF daily time frame is showing bearish movement, but the dialy time frame is also looking for a Fibonacci C.
Higher yields to help the USD.
Higher US yields support this slow moving pair.
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.
Support at 1.2250 was tested but not broken and the rebound should take the EUR/USD higher. Still much depends on central bank actions, which can turn around the whole scenario