USD/JPY
Jul 24, 2018 at 07:15
The USDJPY attempted to push lower yesterday bottomed at 110.75 but closed higher at 111.33, printed a bullish pin bar on daily chart as you can see on my daily chart below. The bias is neutral in nearest term. Immediate resistance is seen around 111.60 area. A clear break above that area could trigger further bullish pressure testing 112.00 area and give the bullish scenario another chance. Immediate support is seen around 110.75. A clear break and daily close below that area would invalidate the bullish pin bar scenario and resume the bearish run testing 110.00 area or lower.
Top Forex Robot
Jul 24, 2018 at 20:01
Currently the pair is consolidating aorun 61.8% Fibonacci retracement od its latest bullish run and according to technical indicators on h4 the chances for steeper advance are limited. The upside is still capped by 111.45 where the 100-day SMA is developing while the donwside remains supported by the 110.80 – 110.70 zone.
Miembro desde Oct 02, 2014
posts 909
Jul 27, 2018 at 10:13
113.40 looks good to take a short.
Positivity
Miembro desde Oct 02, 2014
posts 909
Jul 27, 2018 at 14:25
Bearish for the next week. Good opportunity for long at 109.80.
Positivity
Jul 29, 2018 at 06:40
The USDJPY had another indecisive movement yesterday but slipped below the low of the mother bar (110.75) as you can see on my daily chart below. This fact not only creates a bearish signal but also invalidates the bullish pin bar scenario. The bias is bearish in nearest term testing 110.00 region (daily EMA 200). Immediate resistance is seen around 111.15. A clear break above that area could lead price to neutral zone in nearest term testing 111.55 area.
Top Forex Robot
Miembro desde Mar 28, 2016
posts 93
Jul 30, 2018 at 10:03
The USDJPY was indecisive last week but overall still able to maintain its bearish phase following a failure to break above 113.00 level as you can see on my daily chart below. The bias is neutral in nearest term. The inside bar bearish scenario triggered by a move below 110.75 also remains valid and can only be invalidated by a move above 111.55, with nearest bearish target seen around 110.00 region.
Miembro desde Oct 02, 2014
posts 909
Aug 09, 2018 at 14:46
The pair is almost back into the downward trading channel. I expect more to the downside.
Positivity
Miembro desde Oct 02, 2014
posts 909
Aug 14, 2018 at 09:33
It's appreciating now, but I'm bearish. Below 110.00 the bearish continuation should be confirmed.
Positivity
Miembro desde Dec 10, 2017
posts 210
Aug 15, 2018 at 08:04
Dollar / yen made a bullish momentum yesterday, forming a peak at 111.31 and hit 111.43 earlier this morning after the rebound from EMA 200. Views are bullish in a short time for testing 111.55 - 112.00. Intrady support is 111.00. A clear break below it can take the price to a neutral trading area with testing at 110.75 or below.
