USD/JPY

The dollar / yen made a significant upside momentum yesterday, breaking through the range. My upward pattern is activated again. The trading signals are bullish for the testing 111.00 - 111.50. Support for the day is 110.00, whose breakthrough can take the price to a neutral zone with testing 109.50, but overall I still prefer the bullish scenario at this stage and every bearish pressure should be considered a good opportunity to buy.

If we get a daily close above 111.00 I could see a move all the way up to 114.00. Fundamentals favour USD and are against JPY

USD/JPY continues to advance and is marking fresh monthly high. The price is developing above its firmly bullish moving averages and I expect a test of 111.00 handle.

I think it's a good time to short the pair at 111.00.

I think its going down to 109.90 then up again to 111.50/114.

Bulls are still in control, fresh acceleration push Usd/Jpy is trading above 111.00 level, next important resistance is at 112.

Intraday Elliottwave Analysis: USDJPY, remain bullish above 110.02

USDJPY closed back above weekly uptrend line, short term bullish in control.

Above 110.02, further upside toward 111.70/112.02 could not be ruled out.

But daily oscillators reached the top of their range.

Don't expect go much further than those levels.

Daily support Levels: 110.87 110.75 110.52 110.23

Daily resistance Levels: 111.10 111.19 111.38 111.46 111.70 111.78

Intraday Trade Idea: (spot 110.98)

①Sell Limit @ 111.22 SL @ 111.68 Take Profit @ 110.85/110.70

②Buy Limit @ 110.69 SL @ 110.29 Take Profit @ 111.09

The USDJPY has broken above the 110.87 level where we can find a 61.8% Fibonacci Retracement, however after the breakout the pair leaves behind a long upper shadow which is indicating that the sellers are coming into the market. Therefore, the USDJPY may try to correct to the downside.

USD/JPY is holding above 110.00 but remains vulnerable for slides towards the downside. I think that the pair might meet soon the supprot at 110.90.

USD/JPY sold off a bit today for no apparent reason it seems.

time to buy again to 112?

Go Yen Go!

USD/JPY
Key levels to watch for:
Support: 109.90; 107.70; 105.40;
Resistance: 111.15;

Growth in the pair USD/JPY 'stalled' during the last few days of the exchange. The pair could now be on top if the yield on long-term US securities were also high: the situation with the latter is still unclear. The resistance level is now observed in the zone 110,00-25, attention to which was riveted when moving upwards.

Intraday Elliottwave Analysis: USDJPY, too early to call a major trend reversal

USDJPY declined 2 big figures from recent high.

As we discussed, below 110.90, a near term top is formed.

However, it is still in weekly buy mode according to my system.

Close below 108.61 will indicate the uptrend is over.

We'll try intraday short term trade and wait for better directional opportunities.

Daily support Levels: 109.05 108.85 108.52 108.19

Daily resistance Levels: 109.65 109.88 110.14 110.24 110.59

Intraday Trade Idea: (spot 109.55, Asia market)

①Sell Limit @ 110.21 SL @ 110.35 Take Profit @ 109.88

②Buy Limit @ 109.05 SL @ 108.80 Take Profit @ 110.11

The US dollar was up against the Japanese yen on Friday. By the close of US trading, USD/JPY was trading at 109.38, gaining 0.12%. I believe that support is now at around 108.96, Thursday's low, and resistance is likely at 111.39, Monday's high.

USD/JPY lost the bullish strength and is hovering around 109.50. The pair will need to regain the 109.90 level in order to avoid the negative stance. Meanwhile the renewed selling interest below 109.00 might bring break of the 108.00 handle next week.

The only green pair amongst the sea of red of yen pairs. Perhaps the USD will remain strong.

The pair recovered from the opening bullish gap, lost it upward momentum, consolidation may continue around 109.40 level.