USD/JPY

The USDJPY finally breaks out of consolidation and falls below the 109.00 level. Its next support could be the 108.00 level and its most relevant resistance is still the 110.00 level.

So much conslidation at 110.00. I expect price has now started to fall and will reach 110.00. After that the uptrend will continue with renewed energy

I do not think so. There will be a retest of 111.10 before any fall. break upwards looks strong now so may have to wait until end of week for the fall

The USDJPY has found a good resistance around the 111.00 level where we can also find the 200 day EMA and the 61.8% Fibo retracement. a breakout could take the pair to the 112.00 level.

If there is going to be a retest then USDJPY is taking it's sweet time to get there. I thin prise will drop before getting to 111

Price just going sideways on USDJPY for last couple of days. I don't really know what it is doing. I will not trade it until there is more clear direction. I like trend trading

Good pull back on UJ now could be a good opportunity to go long. I am waiting a for the time being but if price stays around 111.70 I will be entering Long and target the resistance level of 114

going for 112.1
#intraday

8114066 posted:
going for 112.1
#intraday

stopped out @ 111.558

The USDJPY is really stuck between the 111.00 level and the 112.00 level, but the bullish trend is still in place in the midterm.

Price is ranging but it looks more like a reversal pattern to me. I will be selling at the highs rather than buying at the lows.

How's that working out for you? Price still ranging from what I can see. Just a mess, I am staying away and will wait for the price to become more predictable. It is just a mess now

The USDJPY breaks below the 200 day EMA at the 111.00 level and it slows down, but it could continue falling towards the 110.00 level. Above the 111.00 level, its next resistance could be the 112.00 level.

Big sell off on USDJPY yesterday. Does anyone know what caused that?

Price on USDJPY now back up to before the sell off. Could be a good place to go short. One more retest of 111.55 and I will be going short

Sell USDJPY at top TP:111.25

I concur. Selling now on USDJPY is smart move from RR perspective. Can use short SL of only 30 pips but target over 120 pips gives 1:4 RR

The price action of USDJPY pair has been trading with a bearish bias inside daily chart and the down trend looks good. Price action is stepping down, and bearish trend looks strong. Key resistance level is present at 111.67 price area, based on most recent swing high in daily chart of USDJPY.

For the Japanese Yen on Tuesday, there was no outstanding news announcement. According to the Forex analysis; USDJPY bearish trend could move price towards next support target at 108.00 With reference to the down trend, Forex traders should consider only sell trades. However; price could breaks and closes a bullish candlestick above 111.67 important resistance level and this will end the bearish trend. From this time forward, Forex traders must seize the opportunity to stop trading and re-assess USDJPY in daily time frame.

At the moment price is testing support at 108.317. I assume that the price will break through the resistance and go to the point of 108.211. But if price haven't got enough strength to break through the support, then the price will go to the point 108.582.