USD/JPY Today for Newbies need confirmation - Page 21
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  1. #201
    Join Date
    Apr 2016
    Posts
    287
    The dollar / yen had a strong bearish momentum yesterday, forming a bottom at 110.78 and hit 110.51 earlier this morning. The price fell back below the trend line, as shown in the four-hour chart, which suggests a downside scenario for a false breakthrough. The views are down for testing at 110.00. A clear breakthrough and daily closing below this level will open the doors to 108.13. The closest resistance is seen at 111.25, whose breakthrough can take the price to a neutral zone, but the longer the pair stays below 112.00, I prefer the scenario down in this phase.

  2. #202
    Join Date
    Nov 2015
    Posts
    378
    The dollar collapsed against the yen on Wednesday. The US currency has completely lost the positions accumulated over the last few sessions. Thus the pair broke the two supports, respectively at 112.34 and 111.85. If the bearish sentiment continues in the future, the key level at 110.08 will be tested. Trading was open at a price of 113.10, while the bearish moods prevailed all the time. The bottom of the day was hit at 110.78, and the final was just two pips higher.

  3. #203
    Join Date
    Nov 2015
    Posts
    378
    USD/JPY
    Key levels to watch for:
    Support: 112.34; 111.85; 110.08;
    Resistance: 114.37; 115.51.

  4. #204
    Join Date
    Apr 2016
    Posts
    287
    The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD / JPY was trading at 111.26, losing 0.20%. I believe that support is now at around 110.21, Thursday's low, and resistance is likely at 113.86, Monday's high.

  5. #205
    Join Date
    Nov 2015
    Posts
    378
    The Japanese currency lost 48 pips against the dollar on Tuesday. The opening rate was 111.29, and for most of the day the currency pair moved around the first support at 111.20. In the early hours of the day a bottom was recorded at 110.85, and at night the course climbed to a peak of 111.85. The last quote for the day was 111.77.

  6. #206
    Join Date
    Nov 2015
    Posts
    378
    USD/JPY
    Key levels to watch for:
    Support: 111.20; 109.63; 108.30;
    Resistance: 112.00; 114.25.

  7. #207
    Join Date
    Apr 2016
    Posts
    287
    The dollar / yen tried to rise up yesterday, making a peak at 112.12, but collapsed down and closed at 111.48 after touching the trend line. Expectations are bearish for testing 110.85. Immediate resistance is around 112.00 / 12, which remains a good zone for placing short positions with narrow stops. A clear breakthrough over should erase the downtrend. Downwards, a clear break and a daily closing below 110.85 will open the doors to 110.00.

  8. #208
    Join Date
    Apr 2016
    Posts
    287
    The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD / JPY was trading at 111.34, losing 0.44%. I believe that support is now at 110.84, Tuesday's low, and the resistance is likely at 112.12 - the maximum of Wednesday.

  9. #209
    Join Date
    Apr 2014
    Posts
    680
    Usd/Jpy is consolidating around 110/112 area, the pair is waiting for NFPs this week while lacking of directional strength.

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