USD/JPY
Mitglied seit Oct 11, 2013
775 Posts
Jun 06, 2017 at 19:34
The bearish momentum accelerates on the USD/JPY, breaking below the consolidation area at the 110.51 level. The pair may continue falling and a visit to the 109.00 level is possible, but that round number zone may act as support.
Anhänge:
Mitglied seit May 09, 2017
33 Posts
Jun 08, 2017 at 09:49
USD/JPY has reasserted downside pressures, affecting their view for new rallies to the 112 area and paving the way for a decline to supports at 109.05109.20 ahead of 108.61-108.73.
Caution will be in order as a drop below these last supports would underpin bearish momentum, flagging 106.66 (quarterly Bollinger moving average) as targets. The resistances are located at 110-110.20, at 111, at 111.80-112 and at 112.60.
Caution will be in order as a drop below these last supports would underpin bearish momentum, flagging 106.66 (quarterly Bollinger moving average) as targets. The resistances are located at 110-110.20, at 111, at 111.80-112 and at 112.60.
Jun 08, 2017 at 22:13
The dollar again led the yen on Wednesday. During the day, the US currency added 41 pips to its assets. At the end of the session, one dollar swapped to 109.81 Japanese yen. The opening rate was 109.40 and the bottom of the day the rate was at level 109.11. Several times during the day the resistance at 109.63 was breached, but only the last one was confirmed with a daily peak of 109.87.
Mitglied seit Oct 02, 2014
909 Posts
Jun 11, 2017 at 19:31
Interesting to see what the next week brings for the pair. I'm bullish on the US dollar.
Positivity
Jun 12, 2017 at 04:11
The USDJPY was indecisive last week but overall still able to maintain its bearish outlook by staying below the trend line resistance as you can see on my H4 chart below. The bias is neutral in nearest term probably with a little bearish bias testing 109.70 support area. Immediate resistance is seen around 110.50. A clear break above that area could trigger further bullish pressure testing 111.00 and the trend line resistance which is a good place to sell with a tight stop loss. On the downside, a clear break and daily close below 109.70 would expose 108.00 region this week.
Top Forex Robot
Mitglied seit May 09, 2017
33 Posts
Jun 12, 2017 at 07:43
The bears are seen control so far this session, keeping the USD/JPY pair slightly under pressure amid subdued trading activity seen around the greenback, as investors gear up for an eventful week ahead.
The spot is seen moving back and forth in a tight range, stuck between 10-DMA barrier on the upside, while 5-DMA support helps cushion the downside. A phase of bearish consolidation is seen in USD/JPY, as the bears take a breather after last Friday’s sell-off, triggered by resurgent yen demand amid rising US treasuries and a retreat in Wall Street stocks.
The spot is seen moving back and forth in a tight range, stuck between 10-DMA barrier on the upside, while 5-DMA support helps cushion the downside. A phase of bearish consolidation is seen in USD/JPY, as the bears take a breather after last Friday’s sell-off, triggered by resurgent yen demand amid rising US treasuries and a retreat in Wall Street stocks.
Mitglied seit May 08, 2017
4 Posts
Jun 12, 2017 at 07:45
Stepping into the European session this afternoon, USD / JPY is expected to continue to fall sharply to form a new bottom.
We expect that USD / JPY will plummet to 109.80 - 109.70.
Resistance level: 110.45 - 110.70 - 110.90
Support level: 109.90 - 109.75 - 109.45
We expect that USD / JPY will plummet to 109.80 - 109.70.
Resistance level: 110.45 - 110.70 - 110.90
Support level: 109.90 - 109.75 - 109.45
Mitglied seit Oct 02, 2014
909 Posts
Jun 14, 2017 at 12:30
USD/JPY seems bearish to me. I think it will depreciate because of the news release today.
Positivity
Jun 16, 2017 at 06:52
The USDJPY had a strong bullish momentum yesterday topped at 110.97 and hit 111.25 earlier today in Asian session. Price broke above the trend line resistance as you can see on my H4 chart below which nullify the bearish bias. I am not bullish yet, but short-term bias is bullish targeting 111.70 – 112.15 area. Immediate support is seen around 110.80. A clear break below that area could lead price to neutral zone in nearest term but only a clear break back below 110.35 would stop the current short-term bullish bias.
Top Forex Robot
Jun 16, 2017 at 16:27
The US dollar recorded a significant increase against the Japanese yen Thursday. The session started at 109.55 and the dollar added 136 pips. Daytime extreme values were reached at 109.26 and 110.97, respectively. If the direction goes up we can expect a resistance test at 110.00 levels.
Jun 16, 2017 at 17:05
The dollar / yen made a strong upward movement yesterday with a peak of 110.97 and hit 111.26 earlier this morning. The price breaks above the resistance trend line, as you can see in the four-hour chart, which should cancel out the downside. I'm still not in the Bulls camp, but short-term alerts are bullish with targets in the 111.70 - 112.15 area. The closest support is at 110.80. A clear break below it could take the price to a neutral trading area, but only a clear break below 110.35 will halt the current short-term bullish prospects.
