USD/JPY

Oscillation around the 1.2300 level for the USDJPY, no clear direction until it breaks the 124.00 or the 122.00.

sell USDJPY from 123.05 TP 122.90 to 122.60 SL 123.20

The Yen keeps rallying while the Nikkei keeps falling. The 121.00 could act as support, but another visit to that zone may cause the price to break below it.

And the drop on the USD/JPY continues, just breaking support levels without missing a beat. It breaks below the 121.00 level.

I'd prefer to wait until FED...

USD/JPY is most likely headed for 120.00 but who knows what will happen after FED announces the interest rates next week.

And the drop will continue new week... We will see this pair testing 191,00 soon.

alexforex007 posted:
And the drop on the USD/JPY continues, just breaking support levels without missing a beat. It breaks below the 121.00 level.

I'm new to this site. I recently published my USDJPY system here and I'm looking for other USDJPY systems published on this site that I could compare mine to. Isn't there the possibility to categorize systems by pairs on myfxbook?

The pair found some support at 120.30 and is currently rebounding. It will probably reach 122.00 again soon.

The Dollar versus the Yen goes back up and the re-enters the congestion zone close to the 123.00 level.

Looking to buy soon.

Another drop to the 121.00 level on the USDJPY, it remains weak, the more is stays around this level, the higher the probability of a breakdown. The 120.00 could be its next support. to the upside, the 122.00 could act as resistance.

I cant tell whether sellers are leaving the market or it's the holiday effect - Price Action on 1H is still down although volume has been shrinking since Asia close and London open.

Uhh... confused...

i think usd/jpy is forming a diagonal triangle forming wave 5 now in the daily chart, will probably reach the 112 level.

in my opinion the pair will be in a correction for the next few years.

I hadn't noticed it at all, to be honest, but I think you're probably right. Thanks for pointing it out.

Thank you, Wassim!

Good move last week.

I think next week we can expect it to reach 116.00 - 115.90.