USD/JPY

Bears are pushing lower and USD/JPY is now situated below the 112.00 handle. During the upcoming session the pair will meet the key support provided by the 100-day SMA around 111.50.

USD/JPY has recovered today and currently is trading around 112.20. However the sentiment remains bearish as on the four hour time frame the price is developing below the 100-day and 200-day SMAs, both looking for direction. RSI and stochastic have lost upward strength after has coressed their midlines. 111.90 remains risk zone and in case bears return to it, next target is seen 111.50.

USD/JPY: The pair shows some weakness. Next target: 111.70.

My analysis shows that the weakness is only temporary. I see this pull back on the daily as a good opportunity to build up long positions. target at 114.30 close to the monthly resistance zone

USD/JPY retreated from the daily high at 112.39 and currently is hovering around around 112.25. Technical indicators on the four hour time frame had lost directional strength after the early advance today and now are offering silence instead of certain direction.

deresel posted:
USD/JPY: The pair shows some weakness. Next target: 111.70.

Despite Bullard's announcement for no more rate hikes this year, the dollar has raised. I believe, it would take effect and the pair will resolve the bearish move.

USD/JPY falls sharply and is reching new daily low close to 112.00 handle. On the four hour time frame the price is developing below the flat 200-day SMA. Idicators retreated, with the Momentum going to enter into negative territory falling straight from overbought readings and RSI is below its mid-line and showing downward extensiond. Breaking below the support at 111.65, will open doors for further decline towards 111.00.

A firm drop on the hourly. I expect that if price falls below 112 we will get down to 111.65

USD/JPY enfoled strong recovery gains around mid-112.00s, but only a convincing break above 112.73 would bring continuation of the rally towards 113.20.

The pair is consolidating, I'm expecting a further continuation on the upside if Usd/Jpy break above the immediate resistance at 112.73.

USD / JPY rose to 112.62 during the Asian session, adding 0.06%. I believe that support is now at 111.97, the low of Thursday, and resistance is at the level of 112.73 - the high of Thursday.

USD/JPY: The pair failed to break the key resistance at 112,87 and is now heading to 122,40. The next support level is 112,34, followed by 112,00. On the flip side, if the pair manages to break 112,87, the next support is at 113.20.

USD/JPY recovered some ground and currently is trading around 112.20, but keeping levels below the short-term ascendant channel formed by 111.62 and the trend line that marks base figures around 112.40. On the four hour time frame the price is developing below its 100-day and 200-day SMAs, while technical indicators have settled within negative areas and confirming that the risk towards downsides is still actual. Breaking the 111.60 level would be good reason for further declines with next bearish target at 110.37.

On the four hout time frame the USD/JPY pair remans limited on the upside, as the 100-day SMA is heading towards south, while technical indicators are hovering around their midlines with no directional strength. The top of the week at 111.89 comes as immediate resistance as the pair also has the above mentioned 100-day SMA around it. Given this positive tone of equities, a steeper decline would seem unlikely today and moreover if the bulls keep above the 112.10/20 price area.

In general is a confusing picture on USDJPY. I am waiting for a break up or down before entering the market. Too choppy for me right now

USD/JPY remains on negative ground, despite the limited downward potential. On the four hour time frame the price is developing below a congestion of moving averages, all of them lacking of clear direction. RSI and stochastic are located within bearish territory. Currently the pair is trading around around 112.60 and in order to return to the bullish mode, will need to surpass the weekly highs below 112.90. On the other hand, a renewed selling interest below 111.85 would open doors for a further decline toward the 111.00 area.

Having the intraday technical readings, the USD/JPY pair favors a downward extension. On the four hour time frame the price is developing well below its 100-day and 200-day SMAs, with both crossing each other. RSI and stochastic are heading very strong towards south. We may expect further declines , espacially if breaking below the 111.62 level.

USD/JPY close right below the weekly support at 111.90. Exoecting next week new lows with first bearish target aorund 111.30 area.

I expect USD/JPY to head to 112.50 in the beginning of next week.