USD/JPY

USD/JPY
Key levels to watch for:
Support: 111.56; 110.93;
Resistance: 114.95; 115.60.

deresel posted:
The dollar recorded a second consecutive loss against the yen on Thursday. The US currency continued the negative trend from the previous session and reached the lowest level for this week. However, the pair is trading above support at 115.56. The launch on Thursday was given at a price of 113.29 by early trend was neutral. Around noon bearish sentiment prevailed and currencies hit bottom at 112.54. The finale was put 6 pips higher.

I think this pair is giving us work these weeks. I just hope to have some good winnings there 😄

The US dollar was down against the Japanese Yen on Friday. By the close of US trading USD/JPY шаs trading at 112.16, shedding by 0.40%. I believe that the support is now located at the level of 111.94, the low of Friday's trading, and resistance is likely at the level of 113.78 - the maximum of Tuesday.

Usd/Jpy remain bearish, break support level at 111.90 might lead to further decline.

Hello,
USD/JPY - I am also expecting the pair to fell down with first target last night bottom at 111.92/112.00.

Big rebound to 115-118 is likely. :) Just a thought.

While we indicated that a test of 112.30 would not be surprising, the ease of which this strong support was taken out was unexpected (low of 111.91 on Friday). The pressure is still on the downside and there is room for the current weakness to extend lower towards the major 111.55/60 support (low seen earlier this month). Stabilization is only upon a move back above 113.00.

The pair is consolidating above 112.00. I think it will continue falling, but the news tomorrow will be a catalyst for that.

The JPY is bullish!

besttools posted:

While we indicated that a test of 112.30 would not be surprising, the ease of which this strong support was taken out was unexpected (low of 111.91 on Friday). The pressure is still on the downside and there is room for the current weakness to extend lower towards the major 111.55/60 support (low seen earlier this month). Stabilization is only upon a move back above 113.00.

Why all copy from FXstreet? I do not see any advertising for FXstreet.

https://www.fxstreet.com/news/usd-jpy-room-for-a-test-of-11155-60-uob-201702271253

Magiic posted:
Big rebound to 115-118 is likely. :) Just a thought.

Im expecting the same too..

Hello,
USD/JPY - USD may rise. I am expecting this market to rise up to 112.85/90

USDJPY short-term technicals neutral-bearish USD/JPY is hovering just above its 100 day MA (111.91) and the February 7multi month low at 111.63. Signals are bearish with a sub-50 RSI and confirmation from both the DMI and the short-term MA’s.The swift late 2016 rally provides for little in terms of support ahead of the 200 day MA at 107.71. Resistance is expected in the 112.80-113 area.

Hello,
USD/JPY - I would try to fine entry from the long side, but not from current levels - most likely after some pullback and if we see 113.10/20.

FxRetrance posted:

Magiic posted:
Big rebound to 115-118 is likely. :) Just a thought.

Im expecting the same too..

Good start to the thought. Let's see how the US data and fed chatter pans out. Lots of room to the upside.

The low of 111.67 did not quite reach the major support near 111.55/60. The subsequent strong rebound suggests that the recent short-term downward has eased and USD has likely moved back into a consolidation range, likely between 112.00 and 114.20.

The USDJPY takes off during today's session but once it got to the 114.00 level, it stalls there. The 114.00 level may act as resistance, but a breakout of that level may take the pair to the 116.00 zone.

alexforex007 posted:
The USDJPY takes off during today's session but once it got to the 114.00 level, it stalls there. The 114.00 level may act as resistance, but a breakout of that level may take the pair to the 116.00 zone.

16 pips above it, lets see 116 :)

My next resistance is at 114,75.

If UJ breaks successfully then im looking at 116 too,,