USD/JPY

The pair remains bullish although upside seems limited to resistance level at 112.70, break above for further gains.

For the moment USD/JPY is very range-bound and I think eventually it could fall correctively to the support around 111.55.

Staying away from this pair for now. Too uncertain.

Dollar Dax remains positive. May be the start of the break we dollar bulls have been waiting for on all dollar pairs. UJ just hit a barrier and may pull back. But will take long trade on any significant dip and ride my other longs if no dip.

As I thought USD/JPY reached 111.55 and even fell a little below that level before rebounding from it and returning to the resistance of the range around 112.50. I think a possible break out above it would mean a rally to 113.00 or even 113.40.

USD/JPY met resistance at 113.25 after forming a shooting star bar at that level on the M30 time frame. I think it may depreciate back to 112.30 today.

The US dollar recorded a rise against the Japanese yen on Tuesday. The session started at 111.72 and finished 50 pips higher. Graphics continued to grow above the moving averages, while the relative strength index remained neutral. In the short term, positive attitudes prevail, with levels at 110.90 and 112.90 continuing to play a key role in the upcoming direction.

Support: 110.90; 110.20; 108.80;
Resistance: 112.90; 114.30;

managed to close at top of move for 98 pips and had several other trades in profit. 69, 51, 49, 43 51. Now I'm loving the retracement and have put in 3 additional long trade with one in profit of 10 pips already and back up we go, eh?

My chart shows the next up move should go at least to the .618 fib at about 113.72, but it will probably have a problem when it gets to 113.50 and rebound. So I'll probably move my stops tight around there and take the lower profit if necessary rather than risk some pips for 22 additional. If it blows thru 113.50 great, but may look for another retracement there.

Rising Wedge identified at 27-Sep-19:00 2017 GMT-2. This pattern is still in the process of forming. Possible bullish price movement towards the resistance 113.2550 within the next 21 hours.

There is a double top at 113.20 - 113.25. I think that is a signal for a future deeper correction to 112.00 at least, maybe even 111.50.

Monitoring the pair for potential short positions. Currently, i see nothing, lol.

The US dollar recorded a decline against the Japanese yen on Thursday. The session started at 112.81 and the price managed to double the resistance at 112.90. After all, the dollar ended at 112.33 and in case the price continued to fall, the dollar would head to the first support at 110.90.

The US dollar was up against the Japanese yen on Friday. By the close of US trading, USD / JPY was trading at 112.50, adding 0.18%. I believe that the support is now located at around 111.47, Monday's low, and resistance is likely at 113.27 - the maximum of Wednesday.

Channel Up identified at 29-Sep-07:00 2017 GMT-2. This pattern is still in the process of forming. Possible bullish price movement towards the resistance .more details available of usdjpy

The pair remains strong upward momentum, resistance level can be found at 113 handle and follow by 113.25/30 zone.

csc2009 posted:
The pair remains strong upward momentum, resistance level can be found at 113 handle and follow by 113.25/30 zone.

I agree. Also, I don't think the renewal of the upward trend will be confirmed before a breakout above 113.30.

113.20 - 113.30 turned out to be a very strong resistance. I shorted at 112.95 and I haven't closed the short position yet. I think the pair will drop to 112.60 at least.