USD/JPY
May 11, 2017 at 17:06
USD/JPY made a second attempt to break out above 114.32 and after it formed a double top at that level it fell to 113.45 and rebounded from that support. Now it remains to be seen whether it will make a second attempt to break out above 113.32 or it will keep dropping.
Member Since Oct 02, 2014
909 posts
May 13, 2017 at 20:01
USD/JPY appears to be losing strength, i'm bearish for the next week.
Positivity
May 14, 2017 at 19:12
The US dollar fell against the basket of other major currencies on Friday after the publication of weak economic reports in the US on inflation and retail sales. Against the backdrop of these reports, the probability of an increase in the Fed's interest rate has declined.
The dollar rate fell to a minimum in two weeks against the yen. The pair USD / JPY fell 0.43% to 113.37. On Thursday, the dollar reached a two-month high against the yen 114.36.
The dollar rate fell to a minimum in two weeks against the yen. The pair USD / JPY fell 0.43% to 113.37. On Thursday, the dollar reached a two-month high against the yen 114.36.
May 15, 2017 at 06:28
The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD / JPY is trading at 113.38, losing 0.43%. I believe that support is now at 112.36, Monday's low, and resistance is likely to come in at 114.39, Thursday's high.
forex_trader_202857
Member Since Aug 07, 2014
129 posts
May 17, 2017 at 06:36
it will rise again
forex_trader_202857
Member Since Aug 07, 2014
129 posts
May 17, 2017 at 06:36
no trade till it find a right direction
May 18, 2017 at 16:42
The dollar collapsed against the yen on Wednesday. The US currency has completely lost the positions accumulated over the last few sessions. Thus the pair broke the two supports, respectively at 112.34 and 111.85. If the bearish sentiment continues in the future, the key level at 110.08 will be tested. Trading was open at a price of 113.10, while the bearish moods prevailed all the time. The bottom of the day was hit at 110.78, and the final was just two pips higher.
May 19, 2017 at 09:09
The dollar / yen had a strong bearish momentum yesterday, forming a bottom at 110.78 and hit 110.51 earlier this morning. The price fell back below the trend line, as shown in the four-hour chart, which suggests a downside scenario for a false breakthrough. The views are down for testing at 110.00. A clear breakthrough and daily closing below this level will open the doors to 108.13. The closest resistance is seen at 111.25, whose breakthrough can take the price to a neutral zone, but the longer the pair stays below 112.00, I prefer the scenario down in this phase.
May 21, 2017 at 09:08
The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD / JPY was trading at 111.26, losing 0.20%. I believe that support is now at around 110.21, Thursday's low, and resistance is likely at 113.86, Monday's high.
Member Since Oct 02, 2014
909 posts
May 21, 2017 at 18:39
USD/JPY posted some losses this week. Probably it will keep going down give the weakness of the US dollar.
Positivity
