USD/JPY

csc2009 posted:
The pair is trading in a tight range, outlook remains neutral, immediate resistance can be found around 114.70/80, follow by key level at 115.00.

There was another pullback from 114.34. It appears that the range is getting tighter which means that the eventual breakout will be pretty impressive.

USD/JPY - is sitting close to resistance forming inside bar formation on 4H chart. I believe it would be better to wait for a break in either direction and then to looking for a n entry before to enter in that market. :)

The US dollar recorded a rise against the Japanese yen on Tuesday. The currency pair opened at 113.69 and the price bounced from the resistance at 114.30. After all, the dollar ended at 113.99 and the levels at 114.30 again resisted the rise of USD / JPY. In view of the prevailing positive attitudes in the short term, their overcoming will be indicative of additional growth.

Key levels to watch for:
Support: 112.90; 110.90;
Resistance: 114.30; 115.40;

deresel posted:
Key levels to watch for:
Support: 112.90; 110.90;
Resistance: 114.30; 115.40;

Interesting forecast! :)

The dollar/yen continued its inertia up yesterday, reaching a peak of 114.34, but closed lower at 113.97 and hit 113.63 earlier today. The views remain down for testing at 113.20 as part of the scroll down pin scenario, as you can see on the daily chart. Clear break and daily closing below this level will open the doors to 112.25 - 111.65. The first resistance is at 114.00, but the key level remains 114.50, which is a good place for short positions with narrow stops to the loss.

It looks weak on the short-term but it might catch up pretty quick.

USD/JPY dropped below 113.60 and I think this is the end of the range for the moment. I have shorted and my target is set at 113.00.

The pair looks like it will go higher.

Usd/Jpy is sideway trading and showing no clear directional strength, immediate resistance can be seen at 114.00.

USD/JPY has almost reached 113.00 and I think that if it drops below that level it could continue depreciating to 112.00 or even to 111.65.

The dollar recorded a dynamic session against the yen on Friday. Ultimately, the pair remained at the end of last week, but short-term expectations are in favor of the dollar. The start on Monday was at a rate of 113.45 and the closing price was 16 pips higher. The trend was volatile, with the difference between the highest and lowest values ​​for the day being 47 pips. Meanwhile, the first resistance at 113.68 was slammed for a short time while the first trading hours.

Key levels to watch for:
Support: 112.93; 112.28;
Resistance: 113.68; 114.49;

USD/JPY rebounded from 112.47 but I don't think the correction to the downside has ended. A further drop to 111.70 is still possible.

The 55 day EMA on the USDJPY has been holding the price nicely and despite the current correction, the pair keeps its bullish trend. Therefore, we could see a visit to the 114.00 level, but a breakdown of the 55 day EMA could take the pair to the lows that it made around the 112.00 zone.

The dollar recorded a slight increase against the yen on Thursday. The pair traded in a relatively wide range, but the closing price was close to 112.86 and 113.04 respectively. In the early hours, bullish moods dominated and so was the peak of the day at 113.32. Subsequently, the Japanese currency recovered the losses.

If it closes below 113.10 today, I think that it will continue on its current bearish momentum

The pair maintain a strong bearish trend, immediate support around 111.90/112.00 and follow by 111.60/70, 111.50 is critical level on the downside, break below would lead to further decline.

The US dollar recorded a significant decline against the Japanese yen on Friday. The session started at 113.04 and ended at 112.08. Daytime extreme values ​​were reached at 113.13 and 111.94, respectively. Negative attitudes now prevail, and 110.90 is a major challenge for bears.