USD/JPY - it seems the dollar finds solid demand around 110.10 and I expect this market to continue rising during next week with targets 111.410/50
Apr 07 2017 at 16:25
USD/JPY continues to trade sideways, CMP 110.74. The JPY news this week could not make enough impact. Eyes are on the event next week.
Positivity
The US dollar was up against the Japanese yen on Friday. By the close of US trading, USD/JPY was trading at 111.10, adding 0.26%. I believe that support is now at around 110.13, the low of Friday's trading, and the resistance is likely at 111.61, Monday's high.
Apr 10 2017 at 16:44
USD/JPY is gaining 0.15% at 111.27 with the initial hurdle at 111.58 (high Apr.10) ahead of 112.20 (high Mar.31) and then 112.80 (50% Fibo of March drop). On the other hand, a drop below 110.11 (low Apr.7) would open the door to 110.09 (2017 low Mar.27) and finally 108.64 (200-day sma).
I shorted after the pair formed the strong daily hammer bar under the resistance at 111.60. I think first target will be at 110.00, but it could eventually drop to 108.50.
USD/JPY - It seems the JPY is still pushing. Most likely to see another test at 110.10 shortly.
USD/JPY broke out below 110.00 and I think the daily bar will close below that level too. A drop to 108.50 is almost inevitable, in my opinion.
Yes I agree waiting on 108 to go long
Apr 13 2017 at 06:16
Looking for strong support arround 108.45 - 108.85 and rebound to the north after
Apr 14 2017 at 08:23
Immediate resistance is seen near 109.40 level (yesterday's high), above which the pair is likely to accelerate the recovery towards 109.85 intermediate resistance ahead of the key 110.00 psychological mark.
