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bestools
besttools
Mar 10 2017 at 12:22
898 posts

The clear break above 114.95 yesterday serves an early indication that USD is about to enter a bullish phase. Upward momentum continues to improve at a rapid pace and from here, the immediate pressure is for a move towards the key resistance at 115.60. A clear break above this level would indicate that a move to 116.85 has started. All in, this pair is expected to stay underpinned with 114.15 acting as a key support. On a shorter-term note, 114.50 is already a strong level.

arigoldman (arigoldman)
Mar 10 2017 at 13:14
907 posts
USD/JPY had a strong momentum to the upside this week. Let's see how the one goes, i'm expecting the pair to depreciate to levels below 113.00.

bestools
besttools
Mar 13 2017 at 09:28
898 posts

A follow through retracement below 114.40-35 immediate support is likely to accelerate the slide towards 50-day SMA support near the 114.00 handle. Below 114.00 mark, the corrective slide could get extended towards 113.75-70 area ahead of 113.20 important support. On the upside, the 115.00 mark now seems to act as immediate resistance, above which the pair is likely to aim back towards 115.50 resistance area. Momentum above multi-week highs resistance now seems to pave way for additional up-move for the pair towards 115.75 intermediate resistance, en-route the 116.00 handle.

bestools
besttools
Mar 14 2017 at 08:39
898 posts

Momentum above the 115.00 handle could get extended towards multi-week highs resistance near mid-115.00s, above which the pair seems all set to surpass 115.80 resistance area and head towards reclaiming 116.00 round figure mark. On the downside, 114.65 level now becomes immediate support to defend, which if broken is likely to accelerate the slide towards 114.30 support ahead of 50-day SMA support near the 114.00 handle.

deresel
Mar 16 2017 at 11:24
708 posts
The dollar tumbled against the yen on Wednesday. The session starts relatively quietly at a price of 114.73. After the Fed's statement, however, the price went down sharply and the pair hit bottom for the day at 113.17, breaking the first support at 113.53. If bearish sentiment continue to prevail, the pair will test the level at 112.54. The finale on Wednesday was put at 113.46.

deresel
Mar 16 2017 at 11:26
708 posts
USD/JPY
Key levels to watch for:
Support: 113.53; 112.54;
Resistance: 115.60; 116.74.

arigoldman (arigoldman)
Mar 17 2017 at 08:26
907 posts
USD/JPY reached a low of 112.86 this week after the Fed raised the interest rate. The pair is now 113.35 and no major news are expected today so the trend might consolidate around current levels.

TengkuFibo (TengkuFibo)
Mar 17 2017 at 08:36
1 posts
csc2009 posted:
The pair remains in a consolidation range with downside psychological level located at 120.00 level.



nice one!

You Learn,You Earn
bestools
besttools
Mar 17 2017 at 13:59
898 posts

USDJPY is losing 0.17% at 113.12 and a breakdown of 112.89 (low Mar.16) would aim for 111.67 (low Feb.28) and finally 111.57 (low Feb.7). On the upside, the next hurdle aligns at 113.69 (20-day sma) ahead of 114.03 (55-day sma) and then 114.91 (high Mar.15).

idimitrov
Mar 19 2017 at 09:09
421 posts
The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD / JPY is trading at 112.69, losing 0.55%. I believe that support is now at 112.56, the low of Friday's trading, and the resistance is likely at 115.20 - Tuesday's high.

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