USD/JPY

Oct 28, 2015 at 13:48
32,315 Views
1,340 Replies
Member Since Apr 09, 2016   421 posts
Dec 22, 2016 at 22:53
USD/JPY erased positions yesterday, which devalued the dollar by 29 pips to 117.54. Trading took place within the extreme values at 118.06 and 117.10. The price continues to consolidate above the low averages and RSI retreated moderately. The current range implies a likely bullish continuation, but a breakthrough of 116.15 will contribute to negative attitudes.
Member Since Apr 09, 2016   421 posts
Dec 23, 2016 at 23:08
The US dollar was down against the Japanese Yen on Friday. By the end of the American session USD/JPY is trading at 117.34, shedding 0.18%. I believe that the support is now located at around 116.52, Monday's low, and resistance is likely at the level of 118.28 - the maximum of Tuesday.
Member Since Oct 02, 2014   909 posts
Dec 24, 2016 at 13:01
Expecting a move down.
Positivity
Member Since Dec 17, 2015   41 posts
Dec 25, 2016 at 07:49
USD/JPY is heading down fast to a major support level at 117.10 breaking the short term supports at 117.46 and 117.59. MACD is close to its zero line and we see strong bearish momentum. Crossing 117.10 level will put the pair into strong support range with a bottom at 116.53.
Need for speed!
Member Since Sep 28, 2015   34 posts
Dec 25, 2016 at 17:11
Dollar demand eases at this year end. After 118.66 USD/JPY was attempting some of upside swings and none of them of valid enough nor convincing yet which indicates the retreating of its previous upside momentum. It could head up if support at 107.07 , 107.10 & 107. 14 holding . Beyond this support is 116.50 .

For trend resumption it must exceed 118.66 and further correction below if lower than 116.50.
Member Since Dec 09, 2015   823 posts
Dec 27, 2016 at 11:05
The pair is consolidating above 117.00 and I think it will continue trading flat until the end of the year.
Member Since Dec 09, 2015   823 posts
Dec 29, 2016 at 10:51
USD/JPY moved to the downside after a false breakout above the triangle pattern that was forming on the 4H time frame. I think next target is 116.00.
Member Since Nov 16, 2015   708 posts
Dec 30, 2016 at 00:51
Key levels to watch for:
Support: 115.85; 114.89;
Resistance: 117.86; 118.66.
Member Since Nov 16, 2015   708 posts
Dec 30, 2016 at 00:54
USD/JPY - buy at 116.41

• Stop: 115.85
• Limit: 118.25
• Time frame: 7 days
Member Since Oct 02, 2014   909 posts
Dec 31, 2016 at 16:27
Bearish for the week.
Positivity
Member Since Apr 09, 2014   834 posts
Jan 02, 2017 at 04:45
With downside limited above 116.00 level and lack of fundamental news, the pair would probably keep ranging, immediate resistance level can be found around 117.20 zone.
Member Since Apr 09, 2016   421 posts
Jan 02, 2017 at 08:45
Dollar drops in the end of New Year in a weakened trade.
Against the yen, the dollar fell about 0.7% to 116.41, retreating from the 10.5-month high of 118.65 reached last week.
Member Since May 29, 2014   36 posts
Jan 03, 2017 at 07:43
Its dropping down now the trend is down not a real good idea to range trade at the moment
"If you are makeing less than 500% a month you aren't doing it right!"
Member Since Dec 09, 2015   823 posts
Jan 03, 2017 at 10:39
I have a long on this pair. It broke above 117.80 and I think next target will be the previous high at 118.66.
Member Since Oct 11, 2013   775 posts
Jan 04, 2017 at 01:08
On the daily chart of the USDJPY there seems to have formed a double top formation on the 118.64 zone. But a breakout of that level could take the pair to the 119.00 level.
Member Since May 29, 2014   36 posts
Jan 04, 2017 at 08:17
I think it may go back to 118.660 again
"If you are makeing less than 500% a month you aren't doing it right!"
Member Since Sep 04, 2015   5 posts
Jan 04, 2017 at 08:19
It's clerly bullish. I'd liketo enter around 115. Any fundamental arguments why USD/JPY on 100 resistane which of course holds, wasn't falling?
I've just checked monhly trendlne - thats key! Anyway, don't forget hghest timeframes..
Member Since Nov 16, 2015   708 posts
Jan 05, 2017 at 21:12
The dollar recorded another volatile session against the yen on Wednesday. Ultimately the trading ended in favor of Asian currency. If the bear trend continued to dominate the pair will break through support at 116.50 soon. The session on Wednesday launched the price at 117.73, and the finish line was crossed at a rate of 117.22. The difference between the highest and lowest value for the day was 113 pips.
Member Since Nov 16, 2015   708 posts
Jan 05, 2017 at 21:17
Key levels to watch for:
Support: 115.67;
Resistance: 118.60.
Member Since Dec 09, 2015   823 posts
Jan 06, 2017 at 18:19 (edited Jan 06, 2017 at 18:21)
The pair rebounded from 115.00, I think next target is around 118.00 - 118.20, especially if it breaks out above 117.00.
Sign In / Sign Up to comment
You must be connected to Myfxbook in order to leave a comment
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.