USD/JPY

The USDJPY came very close to the 200 day EMA but it did reach the 112.00 level from where it bounces to the upside, now the 55 day EMA at the 112.75 level may act as resistance. The pair may stay boxed between those two levels.

USD/JPY reached a low at 111.88 yesterday and today it is still struggling to break out below that level. I think it will eventually succeed and drop to 111.50 - 111.30.

I work on my system from 2007 ...

test on many instruments from 1970 ... (50)
buy before clean tick data for big money ..

so I think she is right ... always right ...


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The US dollar rose against the Japanese yen on Monday. The currency pair opened at 112.11 and the dollar added 49 pips after steady upward movement. Graphics continued to grow below moving averages, while the relative strength index remained neutral. In the short term, positive outlooks have a predominance, with key levels at 112.90.

idimitrov posted:
The US dollar rose against the Japanese yen on Monday. The currency pair opened at 112.11 and the dollar added 49 pips after steady upward movement. Graphics continued to grow below moving averages, while the relative strength index remained neutral. In the short term, positive outlooks have a predominance, with key levels at 112.90.

our target is 109-108 !

111.90 is proving to be a very strong support level, USD/JPY is testing it for the third time in five days. The target to the downside is clear - 111.50 or even 111.00 but whether it will break out below the support is not.

USD/JPY reached 111.00 as I thought it would. In my opinion it may keep depreciating, with or without intermittent correction, to 109.00 or even to 108.00.

USD/JPY went lower than i expected. But it still looks like a cup pattern.

The USDJPY breaks below the 200 day EMA at the 111.74 level to fall very close to the 111.00 level. The pair is currently at the 111.38 level, but it may continue falling, especially when the 55 day EMA has alreday changed direction to the downside, indicating a possible trend change.

The pair is ranging between 111.60 to 111.05 while risk remains on the downside. I'm expecting further decline if Usd/Jpy breaks out the range towards 111.00 level.

USD/JPY had briefly rebounded from 111.06 but it appears that the pair is about to test that level once again. I think it will soon break out below it and keep depreciating.

Bear trend. I anticipate the continuation of the trend and testing level 111.12, but still I believe that the trend will not be broken and the downward movement will continue to at least 110.00

The USDJPY completes a breakout and pullback pattern on the daily chart around the 200 day EMA on the 111.74 level. Right now the pair drops to the 111.00 zone, which could act as support. A breakdown below the 111.00 level could clear the road for the USDJPY to drop to the 109.54 level.

Weekly Candle shows that there is no any supp till 109.52

The dollar lost positions against the yen on Monday. The US currency broke the positive momentum from the end of last week. However, short-term expectations remain for its benefit. The session started at a price of 111.47, the trend was bearish all the time. The pair hit the bottom at 110.83, breaking the first support at 110.94. The finish line was cut at 110.08.

Support: 110.94; 110.76;
Resistance: 111.87; 112.08;

The dollar advanced against the yen on Tuesday. The US currency justified the positive expectations and so the pair approached the resistance at 111.87. If the bullish sentiment continues in the future, it will be pierced. The session started at 111.08 and the trend was volatile. Peak for the day was reached at 111.63, and the final line was truncated 17 pips down.

How far up it could still go?

The pair made a move to the upside today, despite depreciation of the US dollar.