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the_who
Aug 31 2018 at 19:34
256 posts
USD/JPY feel today to its lowest levels this week but is trying to recover towards the 111.00 handle. Technically speaking the short-term outlook remains bearis. On the four hour time frame the price is developing below its 100-day SMA for the first time this week, RSI and stochastic extend their slumps within negative territory with almost vertical slopes, indicating that selling interest remains strong.

the_who
Sep 04 2018 at 18:55
256 posts
The greenback is the main winner amid the global concerns that are taking over the financial markets, while teh Japanese Yen's gains are contained by firming US Treasury yields despite risk-averse environment.
The USD/JPY pair currently is trading around 111.45, keeping short-term bullish stance. , On the four hour time frame the price is developing above its moving averages which has lost directional strength. Indicators have entered into extreme overbought territory but are are staring to lose upward strength. The 111.50 level represents strong static resistance area and to keep the current bullish momentum the pair will have to accelerate through it. Otherwise below 111.20 the upward potential will fade away and a steeper decline will be at sight.

SarahDW
Sep 04 2018 at 20:39
229 posts
Better than expected US data made Usd/Jpy bounce back and find immediate resistance level at 111.530, the pair looks bullish short term, next important resistance lies at 111.82.

arigoldman (arigoldman)
Sep 05 2018 at 14:32
907 posts
Above 111.80 I think it could continue with renewed strength to the upside. Let's see what this week's news bring.

the_who
Sep 05 2018 at 16:11
256 posts
USD/JPY is quite hesitant around 111.50 although remians above its moving averages, whilch had lost directional strength. To bring back the bulls, the pair will need to push above the daily high with next target at 111.85.

the_who
Sep 06 2018 at 17:54
256 posts
The USD/JPY pair fell below 111.00 handle and marked its lowest level since the last day of August at 110.70 amid weak risk appetite. The pair has lost upward strength and technical readings on the four hour time frame are showing that it may extend its decline during the upcoming hours. RSI and stochastic are aiming south and are nearing the negative territory. Support levels: 111.20, 110.85, 110.40. Resistance levels: 111.50, 111.80, 112.15.

Pentz Consulting
ForexScreamer
Sep 07 2018 at 05:19
49 posts
Thanks for these updates, the_who. Your latest isn't exactly what I wanted to hear, but that's Forex.

the_who
Sep 07 2018 at 13:59
256 posts
USD/JPY recovered today but bulls stalled at 111.07, where currently the pair is located. A persistent upward potential might push bulls towards next resistance area around 111.30.

Justice1024
Sep 09 2018 at 08:28
210 posts
The US dollar was up against the Japanese yen on Friday. By the close of US trading, USD / JPY was trading at 111.03, adding 0.25%. I believe that support is now at the level of 110.38, the low of Friday's trading, and the resistance is likely at 111.76 - the maximum of Wednesday.

deresel
Sep 09 2018 at 08:49
708 posts
Justice1024 posted:
The US dollar was up against the Japanese yen on Friday. By the close of US trading, USD / JPY was trading at 111.03, adding 0.25%. I believe that support is now at the level of 110.38, the low of Friday's trading, and the resistance is likely at 111.76 - the maximum of Wednesday.

Interesting levels to consider.

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