USD/JPY
Mitglied seit Dec 10, 2017
210 Posts
Mar 11, 2018 at 06:49
The dollar / yen did not make a substantial move yesterday but traded higher earlier today, hitting 106.93. The commercial signals are up for testing 107.20 in a near perspective. Immediate support is available at 106.35 / 25, whose breakthrough can take the price to a neutral zone with a key support rebate 105.50. This region is a good place to buy with a narrow stop loss.
forex_trader_202857
Mitglied seit Aug 07, 2014
129 Posts
Mar 12, 2018 at 11:57
do not take short till it confirms by this Weekly candle .
Mar 12, 2018 at 20:04
The dollar advanced against the yen on Friday. The US currency recorded a third consecutive rise against the yen. So the pair tested the resistance at 107.20, but no breakthrough was reached. If the bullish sentiment continues, it will be broken shortly. The session was opened at 106.21 and the final was 59 pips up. A peak of the day was reached at a rate of 107.04.
Mitglied seit Dec 10, 2017
210 Posts
Mar 13, 2018 at 13:28
The dollar / yen was not able to continue its inertia up yesterday, reaching a bottom of 106.31 and hit 106.24 earlier today. From a different technical perspective, perhaps we have the formation of a potential downward triangle figure. The signals are neutral for the time being, probably with a slight bearish look at 105.50 retesting. A clear breakthrough and daily closure under this support may cause further downward pressure on the 104.25 test. The closest resistance is 106.50, whose breakthrough can lead to bulls testing for 107.00. Overall, I remain neutral.
Mar 15, 2018 at 06:57
USD/JPY bounced from the daily low at 106.05 but the short term outlook remains bearish. The indicators on H4 are heading south and in case of renewed selling interest under 106.00, the pair would be poised to extend its decline towards 105.25.
Mitglied seit Dec 10, 2017
210 Posts
Mar 15, 2018 at 12:30
The dollar / yen did not make a substantial move yesterday, but continued to make lower tops and bottoms after falling from 107.28 on Tuesday. Traffic signals are bearish to test support 105.50. A clear breakthrough and daily closure below this level will open the doors to 104.25. The first resistance is 106.35 (the current peak), whose breakthrough can take the price to a neutral trading area with a test of 106.75. If the bearish triangle scenario is valid, we may see a variable motion with peaks not higher than 107.00 until the next week before the price breaks below 105.50 and goes down. Overall, I remain neutral.
Mitglied seit Oct 02, 2014
909 Posts
Mar 18, 2018 at 22:33
The Japanese Yen is strong lately.
Positivity
Mitglied seit Oct 02, 2014
909 Posts
Mar 24, 2018 at 15:30
The Yen may appreciate in this trade war.
Positivity
Mitglied seit Dec 10, 2017
210 Posts
Mar 27, 2018 at 13:35
The dollar / yen failed to keep moving down yesterday and now moves back inside the bearish triangle. This fact resolves the scenario down the formed triangle. The commercial signals are up for testing 106.05 in the near future. Immediate support we have at 105.37 (current bottom). A clear break below it can take the price to a neutral zone with a test of 104.62.
Mitglied seit Oct 02, 2014
909 Posts
Mar 31, 2018 at 12:30
Interesting to see how the NFP impacts the pair.
Positivity
