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Justice1024
May 16 2018 at 13:09
210 posts
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.

HankyPanky
May 16 2018 at 13:33
8 posts
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

the_who
May 17 2018 at 13:33
256 posts
USD/JPY continues to advance and is marking fresh monthly high. The price is developing above its firmly bullish moving averages and I expect a test of 111.00 handle.

arigoldman (arigoldman)
May 18 2018 at 14:27
907 posts
I think it's a good time to short the pair at 111.00.

AnthonyAb
May 21 2018 at 06:09
4 posts
I think its going down to 109.90 then up again to 111.50/114.

SarahDW
May 21 2018 at 09:48
229 posts
Bulls are still in control, fresh acceleration push Usd/Jpy is trading above 111.00 level, next important resistance is at 112.

YueWang
May 21 2018 at 12:09
66 posts
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



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alexforex007
May 22 2018 at 06:04
774 posts
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.

the_who
May 22 2018 at 06:07
256 posts
USD/JPY is holding above 110.00 but remains vulnerable for slides towards the downside. I think that the pair might meet soon the supprot at 110.90.

arigoldman (arigoldman)
May 23 2018 at 08:13
907 posts
USD/JPY sold off a bit today for no apparent reason it seems.

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