Key levels to watch for:
Support: 110.90;
Resistance: 112.90; 114.30; 115.40;
Support: 110.90;
Resistance: 112.90; 114.30; 115.40;
Jan 07 2018 at 22:07
Staying out of this for the week i think.
Positivity
The pair is not showing a very clear directional strength, immediate resistance can be found around 113.310/15, follow by 113.65, break above would open door to 114 level.
USD/JPY dropped today to 112.42. Indicators on H4 are showing oversold conditions and lack of directional stregth. Below today low the pair is likely to retest 112.00.
Jan 14 2018 at 12:57
Neutral at this time, but i think main trend would run in the coming week too.
Positivity
There would be possible correction movement because of oversold conditions, but selling interest remains, I'm looking at 110.00 level.
Jan 21 2018 at 14:29
Staying out of this pair for now. Would be interesting to see how the USD moves.
Positivity
Jan 23 2018 at 15:01
This pair has been tough to trade recently.
Positivity
The pair rejected the post BOJ levels and is facing critical support at 110.19.
The dollar fell against the Japanese yen on Tuesday. The US currency recorded a significant drop and thus completely lost the lead from the previous session. Trading was opened at a rate of 110.91 and the final was set at 110.30. The trend was bearish all the time, and as a result, support at 110.31 was broken. Short-term indicators remain in favor of the yen.
Key levels to watch for:
Support: 110.31; 110.04;
Resistance: 111.48; 111.69;
Support: 110.31; 110.04;
Resistance: 111.48; 111.69;
USD/JPY is about to close around important long trem support around 107.60 – 107.80 area provided by the symmetrical triangle at the monthly chart.
hoping to see usd/jpy go down to 107 or 105 but i do not see any good news that can boost jpy this early
Jan 29 2018 at 13:26
108.5 is a strong support for now but 107.3 is a reasonable target for next week.
USD/JPY fails to find clear direction today. However the short term outlook remains bearish with scope to extend the downward slope towatds 108.00.
It seems to me that USD / JPY will continue to grow and breakdown the level of 109.65.
USD/JPY remains clearly bearish in the long term and yet is developing within the downward channel that started since January 8. Today the bears paused at 108.30, just above a strong support area. With FOMC ahead this sounds reasonable.
The US dollar recorded a volatile session against the Japanese yen on Wednesday. The currency pair started at 108.77 and ended at 109.18. Daytime extreme values ??were reached at 108.59 and 109.44 respectively. If the direction of movement continues upward, there may be an attempt to test the resistance at 109.90.
Key levels to watch for:
Support: 107.70; 105.40;
Resistance: 109.90; 110.90; 112.90;
Support: 107.70; 105.40;
Resistance: 109.90; 110.90; 112.90;
Feb 01 2018 at 13:27
On Thursday, the dollar slightly rose in price against other major currencies, receiving support as a result of a positive statement by the Fed, made on Wednesday after the results of its meeting. The yen became cheaper: the pair USD/JPY increased by 0.32% to 109.53.
