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idimitrov
Oct 19 2017 at 17:01
421 posts
The US dollar recorded a rise against the Japanese yen on Wednesday. The session started at 112.19 and ended at 112.92. After a steady upward movement, the price managed to break the first resistance at 112.90. If the direction of motion continues upward, perhaps there will be an attempt to break the first resistance at 114.30.

alexforex007
Oct 19 2017 at 17:04
774 posts
Good drop on the USDJPY as the Yen gains ground versus its main counter parts. The USDJPY is still consolidating between the 113.00 level and the 112.00 level, there is no clear trend until it confirms a real breakout of any of those two levels.

Ari Goldman (arigoldman)
Oct 19 2017 at 17:27
907 posts
Trading to the downside this week. Tomorrow will be interesting to see what the news say.

csc2009
Oct 23 2017 at 06:26
834 posts
Usd/Jpy started the week with a big gap up, but the pair couldn't hold above 114.00 level possibly due to increased demand for Yen.

dianajs
Oct 23 2017 at 10:20
823 posts
csc2009 posted:
Usd/Jpy started the week with a big gap up, but the pair couldn't hold above 114.00 level possibly due to increased demand for Yen.


USD/JPY is range-bound above the gap. Even if it recovers it I think it will keep moving up.

Ari Goldman (arigoldman)
Oct 24 2017 at 13:25
907 posts
I think to go short this week. Somewhere around 115.

dianajs
Oct 25 2017 at 09:53
823 posts
USD/JPY did recover the gap and then rallied again as I thought it might. Since it has broken out above 113.78 I think it may continue rallying to 114.50.

idimitrov
Oct 26 2017 at 09:41
421 posts
The dollar fell against the yen. The USD/JPY fell by 0.08% to 113.65 after the maximum of 114.24 in three weeks, which was fixed on Wednesday. In recent sessions, the dollar received support amid forecasts of tax reform in the US, strengthened after the Senate approved changes in the budget that would allow Republicans to adopt a tax reduction program without the support of the Democratic Party.

dianajs
Oct 27 2017 at 14:09
823 posts
There is a pullback from 114.45 as I thought it might be. I think the correction to the downside will last at least until it reaches 113.40.

csc2009
Oct 30 2017 at 07:43
834 posts
dianajs posted:
There is a pullback from 114.45 as I thought it might be. I think the correction to the downside will last at least until it reaches 113.40.


I agree, the correction movement seems continue, and upside limited to 114.45.

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