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the_who
Nov 10 2018 at 13:45
256 posts
USD/JPY closed with bearish tone at 113.80. The price remains above its bullish moving averages but stochasrich is showing strong bearish momentum and RSI has lost directional strength around its mid line. First support zone is located at 113.60 and next one is 113.45. The upside offers resistance at 114.08 and higher at 114.30.

Justice1024
Nov 11 2018 at 20:33
210 posts
The US dollar fell against the Japanese yen on Friday. By the close of US trading, USD / JPY was trading at 113.78, losing 0.25%. I believe that support is now at around 112.94, the low of Wednesday, and the resistance is likely at the level of 114.09 - the maximum of Thursday.

the_who
Nov 12 2018 at 18:17
256 posts
After the USD/JPY pair has set fresh 1-month high, now is trying to retain the 114.00 level. The four hour time frame is showing that the pair continues trading well above its 100-day and 200-day SMAs and both are gaining ground just modestly, some 100 pips below the current level. Technical indicators in the same chart ease within positive levels, the Momentum at fresh daily lows and the RSI barely easing from overbought territory with last one limiting the downside potential. Bulls and bears are now battling for dominance. Should the pair lose the 113.85, the immediate support, bears will take control and the pair could extend its retracement then, down to 113.40. Above the mentioned high, on the other hand, the pair has room to extend its advance up to 114.54, the October monthly high.

the_who
Nov 13 2018 at 19:25
256 posts
USD/JPY pulled back from the daily highs and fell below 114.00. The pair closed the previous day with modest losses, and today gained some traction rising to a daily high of 114.15 before losing its bullish momentum. The initial for aligns at 114.20 ahead of 114.55 and 115.00 ( the psychological level). The downside offers supports at 113.60, 113.00 and 112.00 (the psychological level).

deresel
Nov 14 2018 at 07:38
708 posts
USD/JPY: The pair tried to rise up yesterday, reaching a peak of 114.20, but closed lower at 113.83. The views are neutral for now, probably with light bearish signals for testing 113.40 / 00. But as price stays above the trendline, I stay up and every downward pressure can be seen as a good opportunity for long positions. On the upside, 114.70 remains an important resistance. A clear break and daily closing over it can open the doors to 115.50 or higher.

the_who
Nov 14 2018 at 20:28
256 posts
The USD/JPY fell to 113.29 and reached a new weekly low. Currently is trading few pips above the level by the end of the US session. On the four hour time frame the pair is developing well above its 100 and 200 SMA, both around the 113.00 level and with the shortest advancing below the larger one as technical indicatorsresume their declines within negative levels, skewing the risk to the downside. Renewed selling interest below 113.20, now the immediate support should lead to a steeper decline, particularly if Asian shares follow the lead of their overseas counterparts.

the_who
Nov 15 2018 at 20:02
256 posts
USD/JPY is extending its slide toward 113.00 handle today despite the upbeat US retail sales data. On the four hour time frame the price is developing around the mild bullish 100-day SMA before bouncing and currently is trading around the daily highs. Technical indicators also recovered after nearing oversold readings, holding below their midlines but with an increased upward strength, indicating that the pair could continue recovering ground. The key will be stocks´ behavior as a mirror of the market's sentiment. Should equities continue recovering, the pair could regain the 114.00 level, although a turn to the worst in sentiment will likely see it back challenging the 113.00/10 support zone.

Justice1024
Nov 16 2018 at 05:53
210 posts
Usd/jpy is under pressure due to stalling US - China trade deal. During the Asian session the pair fell to 113.32.

Penrose2000
Nov 16 2018 at 14:09
10 posts
I see this as short term pressure though. Longer term trend is still upwards for me. When price gets to 113 I will be looking to go long

the_who
Nov 16 2018 at 15:55
256 posts
USD/JPY is holding above the mild bullish 100-day SMA, currently at 112.95, which gains upward traction above the directionless 200-day SMA. Technical indicator on the four hour time frame resumed their declines after a failed attempt to regain the upside, now nearing weekly lows and skewing the risk to the downside.

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