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GStoneHoldings (GStoneHoldings)
Sep 30 2018 at 06:31
7 posts
Yesterday was BUOB, and as we know USD is strong in fundamental view, we can expect strong upside trend next week😁

the_who
Oct 01 2018 at 18:21
256 posts
USD/JPY is hovering around 114.00 after had marked yearly high at 114.04. The soft Japanese data, better market mood and the trade deal beatween USA, Canada, and Mexico agreed on a trade deal supported the bullish momentum. Ttechnically speaking the is overbought in the short-term and there are no signs that might turn lower. It looks like consolidation is ahead before a new leg to the upside. Indicators ont he four hour time frame are located within overbought territory and the price is developing above its bullish moving averages. Immediate support is seen at 113.60 and as long as the pair holds above it, bulls will attempt to fight the 114.40 level.

SarahDW
Oct 01 2018 at 21:52
229 posts
The pair has been testing 114.00 level, the strong bullish tone remains. As long as Usd/Jpy stays above the support level at 113.68, upside extension could be further.

alexforex007
Oct 02 2018 at 02:22
774 posts
Rally continues on the USD/JPY. On the daily chart of the USD/JPY we can see a very sustainable and organized rally on the pair, since it last visited its 200 day EMA (blue line). On its way up, the pair has made some pullbacks, but that has contributed to keeping the momentum on the bullish trend. The pair reaches the 114.00 level, which could act as resistance. In case of a bearish bounce from the 114.00 level, the 113.00 level could act as support, which acted as resistance in the past. On the other hand, if the USD/JPY continues rallying, then the 114.77 level could act as resistance.




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the_who
Oct 02 2018 at 18:06
256 posts
USD/JPY failed to extend gains above the 114.00 level today and currently is suffering some modest losses around 113.77. Looking to the upside, a potential decisive break above 114 (daily high), will bring next bullish target at 114.70, followed by 115.00 (the psychological level). The downside offers supports at 113.60 (the daily low), 112.55 and 111.60.

deresel
Oct 03 2018 at 07:10
708 posts
USD/JPY is approaching the strong level of 114.00. There is a big chance for downwards correction.


FastAudi
Oct 03 2018 at 12:07
10 posts
I am still bullish on USDJPY. The move up has stopped being so strong but I think that it pressure is still upwards. I will not be closing my long positions any time soon

the_who
Oct 03 2018 at 17:56
256 posts
USD/JPY moved out from the consolidation phase and extened its positive momentum further beyond the 114.00 mark. Currently the pair is trading around 114.40 and retains good bullish stance. I expect test of the resistance at 114.75.

Pentz Consulting
ForexScreamer
Oct 04 2018 at 07:48
49 posts
I'm still bullish on USDJPY too. I thought yesterday might be the end of the run, but today it's pushing upward again.

the_who
Oct 04 2018 at 18:25
256 posts
After marking its highest daily close in more than year and a half at 114.53, the USD/JPY pair plumetted and fell to its lowest level for the day at 113.64.On the four hour time frame the price crossed to below the 20-day SMA, which has turned to south, but meanwhile is staying above the bullish 50-day and 100-day SMAs. RSI is looking for direction around its mid-line and stochastic is showing strong bearish momentum. First bearish target is seen at 113.35 and the upside offers immediate resistance at 114.75.

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