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USD/JPY
Member Since Feb 11, 2018
83 posts
Member Since Jul 06, 2017
9 posts
Member Since Feb 11, 2018
83 posts
Apr 19, 2018 at 07:37
Member Since Feb 11, 2018
83 posts
USDJPY: 107.78 is key level to watch
USDJPY already probed into daily Ichimoku cloud and closed above Tenkan-sen.
Last time price was exactly rejected by the long term downtrend range low @ 107.78.
Close above here will be bullish.
There's no major resistance until 109.37.
To the downside, 106.61 will be the first support level.
If today close above 107.58, that will be the first sign of upside acceleration.
We'll look to buy deeper retracement or the breakout.
USDJPY Trade Idea:
Sell limit @ 107.58 stop 107.80 for 106.61
Buy limit @ 105.78 stop 105.2 for 109.37

USDJPY already probed into daily Ichimoku cloud and closed above Tenkan-sen.
Last time price was exactly rejected by the long term downtrend range low @ 107.78.
Close above here will be bullish.
There's no major resistance until 109.37.
To the downside, 106.61 will be the first support level.
If today close above 107.58, that will be the first sign of upside acceleration.
We'll look to buy deeper retracement or the breakout.
USDJPY Trade Idea:
Sell limit @ 107.58 stop 107.80 for 106.61
Buy limit @ 105.78 stop 105.2 for 109.37

Member Since Oct 02, 2014
905 posts
Member Since Dec 10, 2017
210 posts
Apr 20, 2018 at 07:21
Member Since Dec 10, 2017
210 posts
The dollar / yen made a move up yesterday, reaching a peak of 107.51 and hit 107.72 earlier this morning. The outlook remains up for testing 107.77 in the near future. A clear break above this level may cause further bullish pressure to test 108.50. Immediate support is seen at 107.35 (current bottom). A clear breakthrough under it could take the price to a neutral zone with testing at 107.00-106.60.
Member Since Dec 10, 2017
210 posts
Apr 22, 2018 at 06:15
Member Since Dec 10, 2017
210 posts
The US dollar was up against the Japanese yen on Friday. By the close of US trading, USD/JPY was trading at 107.66, gaining 0.28%. I believe that support is now at around 106.86, Tuesday's low, and resistance is at 107.86, the high of Friday's trading.
Member Since Oct 02, 2014
905 posts
Apr 26, 2018 at 12:50
Member Since Nov 16, 2015
708 posts
The dollar recorded another win over the yen on Wednesday. The US currency continued the bullish trend since the beginning of the week and as a result the resistance at 109.30 was pierced. Short-term indicators remain in favor of the dollar. The session was opened at a price of 108.81 and the final line was cut 61 pips higher. Peak for the day was reached at 109.45.
Member Since Dec 10, 2017
210 posts
Apr 26, 2018 at 14:30
Member Since Dec 10, 2017
210 posts
The dollar / yen resumed its inertia yesterday, making a peak at 109.45. Expectations are bullish for testing the daily EMA 200 in the region of 109.60. A clear breakthrough over it will open the doors to resistance 110.50. Immediate support is 109.00, whose breakthrough can take the price to a neutral zone with testing at 108.50, but basically I stay in the bulls camp at this stage and any downward pressure can be considered as a good opportunity for long positions. My main technical views, however, remain neutral.
Member Since Dec 10, 2017
210 posts
Apr 28, 2018 at 05:48
Member Since Dec 10, 2017
210 posts
The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD/JPY was trading at 109.05, losing 0.23%. I believe that support is now at around 107.63, Monday's low, and resistance is likely at 109.54, the high of Friday's trading.
Member Since Oct 02, 2014
905 posts

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