USD/JPY
Member Since Dec 10, 2017
210 posts
May 16, 2018 at 13:09
The dollar / yen made a significant upside momentum yesterday, breaking through the range. My upward pattern is activated again. The trading signals are bullish for the testing 111.00 - 111.50. Support for the day is 110.00, whose breakthrough can take the price to a neutral zone with testing 109.50, but overall I still prefer the bullish scenario at this stage and every bearish pressure should be considered a good opportunity to buy.
Member Since May 10, 2018
8 posts
May 16, 2018 at 13:33
If we get a daily close above 111.00 I could see a move all the way up to 114.00. Fundamentals favour USD and are against JPY
Member Since Oct 02, 2014
909 posts
May 18, 2018 at 14:27
I think it's a good time to short the pair at 111.00.
Positivity
May 21, 2018 at 12:09
Intraday Elliottwave Analysis: USDJPY, remain bullish above 110.02
USDJPY closed back above weekly uptrend line, short term bullish in control.
Above 110.02, further upside toward 111.70/112.02 could not be ruled out.
But daily oscillators reached the top of their range.
Don't expect go much further than those levels.
Daily support Levels: 110.87 110.75 110.52 110.23
Daily resistance Levels: 111.10 111.19 111.38 111.46 111.70 111.78
Intraday Trade Idea: (spot 110.98)
①Sell Limit @ 111.22 SL @ 111.68 Take Profit @ 110.85/110.70
②Buy Limit @ 110.69 SL @ 110.29 Take Profit @ 111.09
USDJPY closed back above weekly uptrend line, short term bullish in control.
Above 110.02, further upside toward 111.70/112.02 could not be ruled out.
But daily oscillators reached the top of their range.
Don't expect go much further than those levels.
Daily support Levels: 110.87 110.75 110.52 110.23
Daily resistance Levels: 111.10 111.19 111.38 111.46 111.70 111.78
Intraday Trade Idea: (spot 110.98)
①Sell Limit @ 111.22 SL @ 111.68 Take Profit @ 110.85/110.70
②Buy Limit @ 110.69 SL @ 110.29 Take Profit @ 111.09
Attachments:
http://forexsignal.love/aggressive-trend-scalper-ea/ 5 days' trial period is available. Welcome to backtesting!
Member Since Oct 11, 2013
775 posts
May 22, 2018 at 06:04
The USDJPY has broken above the 110.87 level where we can find a 61.8% Fibonacci Retracement, however after the breakout the pair leaves behind a long upper shadow which is indicating that the sellers are coming into the market. Therefore, the USDJPY may try to correct to the downside.
Member Since Oct 02, 2014
909 posts
May 23, 2018 at 08:13
USD/JPY sold off a bit today for no apparent reason it seems.
Positivity
Member Since Apr 09, 2018
37 posts
May 24, 2018 at 14:11
Go Yen Go!
Member Since Dec 10, 2017
210 posts
May 25, 2018 at 07:33
Growth in the pair USD/JPY 'stalled' during the last few days of the exchange. The pair could now be on top if the yield on long-term US securities were also high: the situation with the latter is still unclear. The resistance level is now observed in the zone 110,00-25, attention to which was riveted when moving upwards.
May 25, 2018 at 13:04
Intraday Elliottwave Analysis: USDJPY, too early to call a major trend reversal
USDJPY declined 2 big figures from recent high.
As we discussed, below 110.90, a near term top is formed.
However, it is still in weekly buy mode according to my system.
Close below 108.61 will indicate the uptrend is over.
We'll try intraday short term trade and wait for better directional opportunities.
Daily support Levels: 109.05 108.85 108.52 108.19
Daily resistance Levels: 109.65 109.88 110.14 110.24 110.59
Intraday Trade Idea: (spot 109.55, Asia market)
①Sell Limit @ 110.21 SL @ 110.35 Take Profit @ 109.88
②Buy Limit @ 109.05 SL @ 108.80 Take Profit @ 110.11
USDJPY declined 2 big figures from recent high.
As we discussed, below 110.90, a near term top is formed.
However, it is still in weekly buy mode according to my system.
Close below 108.61 will indicate the uptrend is over.
We'll try intraday short term trade and wait for better directional opportunities.
Daily support Levels: 109.05 108.85 108.52 108.19
Daily resistance Levels: 109.65 109.88 110.14 110.24 110.59
Intraday Trade Idea: (spot 109.55, Asia market)
①Sell Limit @ 110.21 SL @ 110.35 Take Profit @ 109.88
②Buy Limit @ 109.05 SL @ 108.80 Take Profit @ 110.11
Attachments:
http://forexsignal.love/aggressive-trend-scalper-ea/ 5 days' trial period is available. Welcome to backtesting!
Member Since Dec 10, 2017
210 posts
May 26, 2018 at 10:25
The US dollar was up against the Japanese yen on Friday. By the close of US trading, USD/JPY was trading at 109.38, gaining 0.12%. I believe that support is now at around 108.96, Thursday's low, and resistance is likely at 111.39, Monday's high.
May 27, 2018 at 06:29
USD/JPY lost the bullish strength and is hovering around 109.50. The pair will need to regain the 109.90 level in order to avoid the negative stance. Meanwhile the renewed selling interest below 109.00 might bring break of the 108.00 handle next week.
Member Since May 23, 2018
9 posts
May 27, 2018 at 07:04
The only green pair amongst the sea of red of yen pairs. Perhaps the USD will remain strong.
Member Since May 23, 2018
9 posts
May 29, 2018 at 06:04
I am waiting for USD/JPY to breakdown.
