USD/JPY
Nov 26, 2018 at 19:15
During the the majority of the day USD/JPY was trading within a relatively tight range around 113.20,but in the last hour the pair rose to its highest level in 10 days at 113.43., breaking above both the 50-day and 200-day SMAs. In addition Momentum is positive and the pair is trading alongside an uptrend channel. The 113.75 level holds USD/JPY down since mid-November and is a substantial resistance. The downside offers 113.00 level as support line and also holds the pair down since earlier November.
Nov 28, 2018 at 18:20
USD/JOY is technically neutral in the four hours chart with technical indicators having retreated from oversold readings but holding nearby, and the price developing above all of its moving averages. Beyond 114.05, the pair has room to extend its advance up to 114.54, October high, while bulls could give up only on a break below 113.20.
Member Since Oct 11, 2013
775 posts
Nov 29, 2018 at 03:30
The USDJPY finds a good resistance at the 114.00 level and bounces to the downside. If the pair continues dropping, then the 55 day EMA at the 112.89 level could act as support. Above the 114.00 level, its next resistance is at the 114.54 peak.
Nov 29, 2018 at 19:54
USD/JPY lost a handful of pips following the release of the FOMC minutes although lack of follow through and price clings at 113.45. The pair is currently trading in the 113.30 area and at risk of extending the slump, particularly on a break below the mentioned daily low of 113.20 that will dent bulls' determination.
Nov 30, 2018 at 10:53
The pair was indecisive yesterday and today, hitting 113.26, after the bullish momentum was dropped just under 114.20 - 114.70. Expectations are bearish for testing at 113.20/00. Resistance is 113.66 (current peak). A clear breakthrough and daily closure back over this region may take the price to a neutral zone with a retest of the strong resistance of 114.20 - 114.70, which remains a good place to sell. Downwards, a clear breakthrough and daily closure below 113.20/00 will direct the bear to the trendline support line and 112.50/00. This region remains a good place to buy.
Member Since Dec 10, 2017
210 posts
Nov 30, 2018 at 18:25
The dollar rose to the yen on Friday. The pair USD/JPY increased by 0.07% to 113.68. In times of political or economic instability, investors prefer to invest in the yen, which is considered a defensive asset.
Dec 01, 2018 at 15:28
USD/JPY closed at 113.50 having limited potential for the upside. According to technical readings on the four hour time frame the price is barely holding above directionless moving averages, while the RSI aims marginally higher around 54 but the Momentum maintains the sour tone below its mid-line. Nevertheless, and as long as the pair holds above 113.20, the risk is skewed to the upside.
Member Since Oct 11, 2013
775 posts
Dec 05, 2018 at 20:53
The USDJPY has been very volatily and breaks above the 55 day EMA to reach a high around the 113.22 level. To the upside, the 114.00 level could still act as a resistance and below the 55 day EMA, its next support could be the 112.00 level.
Dec 06, 2018 at 06:56
Definitely think it'll test the 114 atleast once or twice in the next few hours. With positive USD job reports tomorrow & positive sentiment with speeches tomorrow and we can crack the 114 & trade slightly higher in the lower 114. JPY just released some good reports with foreign investment so we see it taking the pair a bit lower than 113.
Dec 06, 2018 at 08:58
momoisnyc posted:
Definitely think it'll test the 114 atleast once or twice in the next few hours. With positive USD job reports tomorrow & positive sentiment with speeches tomorrow and we can crack the 114 & trade slightly higher in the lower 114. JPY just released some good reports with foreign investment so we see it taking the pair a bit lower than 113.
I agree. Let's see if our expectations are justified.
Member Since Dec 06, 2018
12 posts
Dec 06, 2018 at 11:12
I am bearish on USDJPY but will wait for jobs report before taking any more trades. If there is good result then as you say price could be back up to 114
Member Since Oct 11, 2013
775 posts
Dec 07, 2018 at 01:02
The USDJPY breaks below the 55 day EMA at the 112.96 level and falls to the 112.22 level. But at the moment, the USDJPY is leaving behind a long lower shadow on the daily chart, indicating that the bulls may be taking control of the market.
Dec 09, 2018 at 07:36
Dismal reports has USD bearish but not truly feeling it on USD/JPY as bad as USD/CAD, EUR/USD, & GBP/USD.
I'd say it's still on track for the last hike of the year & remember Jap had some mixed reports themselves yesterday that missed some market expectations. I'll say let's see what this OPEC meeting looks like and if it causes more people to flock towards the safe haven yen.
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I'd say it's still on track for the last hike of the year & remember Jap had some mixed reports themselves yesterday that missed some market expectations. I'll say let's see what this OPEC meeting looks like and if it causes more people to flock towards the safe haven yen.
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Anthony Rizal (AnthonyWins)
Member Since Nov 09, 2018
212 posts
Dec 12, 2018 at 11:32
If the price brokes 114.00 level, the most probable level to reach will be 118.00
#AnthonyWins
