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Apr 28 2017 at 11:10
36 posts
The JPY bulls maintain following a slew of blended Japanese monetary information released last hour, fuelling fresh supply in USD/JPY, in an attempt to cap the restoration once again near 111.35 levels.

The spot caught a fresh bid tone last hour, in reaction to the extension of wide USD, with the USD index now breaking higher above 99 handle. Markets appeared beyond yesterday’s downbeat US dataflow, as awareness shifts towards the much-awaited US increase Q1 GDP document and revised customer sentiment records, so as to wrap up an eventful week.

Technical Levels to watch:
A break above 111.60 (Apr 27high) would expose 111.78 (4-week tops) and 112 (round figure). On the other hand, a breach of support at 111 (key support) could yield a test of 110.88 (5-DMA) and 110.01/00 (10-DMA/ zero figure).
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Ari Goldman (arigoldman)
Apr 30 2017 at 09:31
907 posts
USD/JPY seems to have consolidated around the weekly close at 111.50. The pair need to break either 111 or 112 in order for one of the camps to take control.

May 01 2017 at 00:50
834 posts
The pair is showing no clear directional strength, how Usd/Jpy will develop its direction depend on Fed's monetary policy outcome this Wednesday.

May 01 2017 at 10:04
823 posts
There is a pair if bearish spinning top bars at 111.90 - 112.00, I think there will be a pullback to 111.50 - 111.30 before it continues rallying.

May 02 2017 at 04:00
94 posts
The USDJPY continued its bullish momentum yesterday topped at 111.92 and hit 111.97 earlier today in Asian session. The bias remains bullish in nearest term testing 112.20 area. Immediate support is seen around 111.45. A clear break below that area could lead price to neutral zone in nearest term testing 110.85 but overall price is still in a bullish phase and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break and daily close above 112.20 would expose 112.85 – 113.50 region.

May 02 2017 at 10:01
823 posts
There was a pullback to 111.42 as I expected and after that the pair continued rallying. I think that it will reach at least 112.80 - 113.00.

Baldo (BaldoN)
May 02 2017 at 10:15
522 posts
USD/JPY - it seems inverted H&S formation on 4H. I would expect USD rising up to 112.65/75 shortly.

May 02 2017 at 14:20
898 posts
USDJPY is gaining 0.37% at 112.25 and a surpass of 112.68 (61.8% Fibo of the March-April drop) would expose 113.36 (100-day sma) and finally 113.56 (high Mar.16). On the other hand, the next support aligns at 111.81 (50% Fibo of 115.51-108.11) followed by 111.18 (low May 1) and then 110.85 (low Apr.26).

May 03 2017 at 08:41
94 posts
The USDJPY attempted to push higher yesterday topped at 112.30 but closed a little bit lower at 112.00. The bias remains bullish in nearest term but we need a consistent move above 112.20 to continue the bullish scenario testing 112.90 region as a part of the bullish phase after broke above the trend line resistance as you can see on my H1 chart below. Immediate support is seen around 111.75. A clear break below that area could lead price to neutral zone in nearest term testing 111.45 – 110.85 support area which is a good place to buy.

May 03 2017 at 10:41
823 posts
The USD/JPY impressive rally is continuing today. I already have a long position, my target is set at 113.00.

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