USD/JPY

very very bullish daily candle today , with the new day i think its gonna Retest 111.100 then flying above 112

USD/JPY retraced back to 112.10 and is testing that level. I think that if it breaks out above it next target will be around 112.60.

The US dollar recorded a rise against the Japanese yen on Tuesday. The session started at 111.08 and the dollar added 80 pips. Daytime extreme values ​​were reached at 110.82 and 111.95, respectively. The four-hour chart suggests an increased interest of the bulls to the couple, with a more significant goal of 114.00.

10 pip Renko chart ,, Head and shoulders ,, enjoy 😀

After the FED news yesterday USD/JPY returned to the support at 111.00 and is one again range-bound above that level. I think it's possible to see another move to the upside to 112.20.

The US dollar recorded a decline against the Japanese yen on Wednesday. The session started at 111.88 and finished 72 pips lower. Daytime extreme values ​​were reached at 112.18 and 111.05 respectively. If the bearish trend persists, the pair will most likely test the first support at 111.00.

USD/JPY
Key levels to watch for:
Support: 111.00; 109.50; 108.40;
Resistance: 114.00; 115.40.

Usd/Jpy is bouncing on the downside between 111.70 to 110.60, support lies around 110.60/70 zone, break below would open the door to 110.00.

USD/JPY is still undecided above 111.00. I have closed all my positions and I will wait out the end of the range, which I think won't occur before the beginning of next week, before opening new ones.

The US dollar recorded a modest rise against the Japanese yen on Thursday. The currency pair opened at 111.16 and the price bounced back from 111.00. Eventually, the pair finished at 111.22 and if the bearish trend kept the most likely the dollar would be able to break the support at 111.00.

USD/JPY appears weak and further depreciation can be expected.

arigoldman posted:
USD/JPY appears weak and further depreciation can be expected.

Well, after North Korea tested another missile that landed in Japan's exclusive economic zone, Yen continue to push lower, 110.00 become critical support.

USD/JPY is range-bound around 110.50 and so far appears very undecided. I think we'll have to wait for the news later this week and especially the NFP for USD/JPY to pick a more clear direction.

I think USD/JPY may rebound from 110.00 since it has formed a bullish inverted hammer bar on the H4 time frame at that level. Next target is around 110.50 - 110.70, in my opinion.

The USDJPY had a bearish momentum yesterday bottomed at 110.21 and hit 110.00 earlier today in Asian session. The bias remains bearish in nearest term testing a trend line support as you can see on my daily chart below, located around 109.00/50 area which is a good place to buy with a tight stop loss. Immediate resistance is seen around 110.80. A clear break above that area could lead price to neutral zone in nearest term as direction would become unclear. On the downside, a clear break below the trend line support and 109.50/00 would activate my bearish mode.

USD/JPY up more than my hope. I think USD/JPY will test again 110.80-110.92 if close in 111.00 price will come 111.80 in tonight. Follow strategy of teletrade.

As I thought it would, USD/JPY rebounded from 110.00 and not only reached 110.70 but it almost reached 111.00. I think that if the rally continues today we'll see it reach 111.50.

Possible bearish price movement towards the support 109.9170 within the next 3 days.

For the moment I don't have any new positions as I don't think there will be any major changes before the US Non-Farm Payrolls tomorrow. I think range will continue until then.