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Mar 31 2017 at 16:44
421 posts
Dollar/yen had a bullish momentum yesterday, topped at 111.94 and hit 112.19 earlier this morning. The bias remains for up to test 112.85 as part of the bullish scenario hammer formation. Immediate support is near 111.30. A clear break below could bring price to neutral trade zone.

Mar 31 2017 at 17:58
898 posts
To the downside, support levels might be located at 111.30 (Mar 29 high), 110.90 (Mar 30 low) and 110.60 (Mar 23 & 24 low). On the upside, resistance might be seen at 111.85 (20-hour moving average), 112.20 (daily high) and 112.45 (Mar 20 low).

Mar 31 2017 at 22:12
421 posts
The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD/JPY is trading at 111.40, losing 0.47%. I believe that support is now at around 110.09, Monday's low, and resistance is likely to come in at 112.20, the high of today's trading.

Apr 03 2017 at 03:55
834 posts
The pair is consolidation in a narrow range short term, but well within negative territory, break below 111.00 level would like lead to further decline.

Apr 03 2017 at 10:08
94 posts
The USDJPY was indecisive last week. The “hammer” bullish reversal signal remains valid although we haven’t seen a convincing and strong/consistent movement above 111.30 key level area so far. The bias is neutral in nearest term. Immediate support is seen around 111.00. A clear break below that area could trigger further bearish pressure testing 110.70/50 area but key support remains at 110.10. Immediate resistance is seen around 111.60. A clear break above that area could trigger further bullish pressure testing 112.00 or higher.

Apr 03 2017 at 14:40
823 posts
It's forming a barbed wire pattern on the H4 time frame. I will short if it breaks out below 111.10, I don't want to risk it while it's so range-bound.

Apr 04 2017 at 08:58
94 posts
The USDJPY had a bearish momentum yesterday bottomed at 110.85 and hit 110.55 earlier today in Asian session. The bias is bearish in nearest term testing 110.10 key support. A clear break and daily close below that area would expose 108.50 region this week and establish a longer term bearish trend with 111.30 – 112.00 as key resistance. Immediate resistance is seen around 111.30. A clear break and daily close back above that area would keep the “hammer” bullish reversal scenario remains alive and kicking testing 112.00 or higher

Apr 05 2017 at 09:32
708 posts
The dollar registered a volatile session against the yen on Tuesday. Although the trend varies widely, eventually opening price was close to that of closing, respectively, 110.89 and 110.73. In the early hours of the trade the trend was bearish in nature and so the pair hit bottom at 110.26, but later the dollar offset losses. If the negative momentum of the last two days continued, USD/JPY will test the support at 109.79.

Apr 05 2017 at 09:35
708 posts
Key levels to watch for:
Support: 109.79; 109.00;
Resistance: 112.84; 113.47.

david791 (david791)
Apr 06 2017 at 10:33
44 posts

Yes, 109.79 is strong level

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