USD/JPY

Key levels to watch for:
Support: 109.19; 108.52;
Resistance: 113.82; 114.45.

USD/JPY - long position at 112.79
• Stop: 111.03
• Limit: 115.86
• Time: 6 days

Bearish here.

The pair sentiment is quite bearing currently. Quick short positions should make the trick. I see the support at 112.64 and resistance at 113.30 if looking to trade it in the next couple of hours.

The bearest of the USDJPY is crazy, I hope it goes way down now. It may go up yo 115.000

Given the pair's sharp u-turn from 114, showing the chance of correction pull back, but the combination of Dollar strength and Yen weakness could still encourage further incline.

I opened a long position at 112.00, but I think I will close it once it reaches 112.80.

Dollar / Yen attempted to push higher yesterday, formed a peak of 113.33 but closed lower at 112.38. The bias is neutral, possibly with slight bearish signals for testing the 111.50 support. A clear break and daily close below 111.50 could open a way for the Bears down to near 110.00. Intraday resistance at 112.80 whose breach could trigger further bullish pressure testing 113.30. Overall I remain in the camp of the bulls, but I need a clear break and consistent move at least above 112.80 - 113.30 for continuing the bullish scenario.

Surprise, surprise, it went higher. This is going back to 120.

There is a shooting star bar on the 4H time frame at the resistance at 114.80. However, considering how bullish this pair is I am not sure how valid of a signal it is. I wouldn't short here.

Bearish on the pair.

Usd/Jpy has recovered from the bearish gap after Italy's ''no'' referendum vote, the pair is back to around 113.80 level. I'm expecting short term consolidation between 113.80 to 114.84.

I tentatively opened a long position due to the inverted hammer bar on the daily time frame above the support at 113.00. However, the pair has also formed double top at 114.80 so whether it will break above that level is uncertain at the moment.

The pair is consolidating sideways. I think that if it breaks out below 114.00 it will drop towards 113.20 again.

The pair recorded moderate growth on Tuesday in a second consecutive positive session. The US dollar climbed by 17 pips to 113.98, having traded within the extreme values ​​114.18 and 113.49. USD/JPY continues to move over the rising moving averages, keeping positive attitudes, as RSI remains in neutral territory. A break of 112.90 will however change the short-term sentiment.

Key levels to watch for:
Support: 112.90; 111.45; 109.75;
Resistance: 114.80; 115.90; 117.20.

Dollar retreated moderately against the yen yesterday. The decline, which amounted 25 pips to 113.73, managed to erase gains from Tuesday. The final figures for the day were reached respectively at 114.39 and 113.41. RSI remains in neutral territory as the price continues to move in a narrow range over the 50-period average value. A break of 114.80 will resume the upward direction.

I have a long on this pair, my TP is at 114.50. Sideways consolidation continues for the moment.

Out of this pair for this week.