USD/JPY Today for Newbies need confirmation

Key levels to watch for:
Support: 99.51; 98.96;
Resistance: 102.65; 105.08.

Dollar/yen continued downward momentum last week, bottomed at 99.53. The pair was traded higher earlier this morning and hit 100.92. The signals are up for testing 101.15/50 in the near future. A clear break above that area could trigger further bullish pressure testing 102.00, but basically I still prefer a bearish scenario. Immediate support is at 100.30, whose breakthrough could lead the price to neutral zone for testing 90.50.

The yen fell on Thursday during the Asian trading session, after the Corporate Services data showed a larger-than-expected increase, and the market keeps cautious ahead of tomorrow’s speech the Fed chairman. USD/JPY was trading at 100.48, gaining 0.03%

Key levels to watch for:
Support: 99.51; 98.96;
Resistance: 101.16; 102.65.

The dollar registered a neutral session against the yen on Thursday. The pair traded in a narrow range, the difference between the highest and lowest value for the day was only 32 pips. Trade was open by a rate of 100.43, and the finish line was crossed at a price of 100.53, if the positive momentum from Wednesday continues in future, the couple will overcome the resistance at 101.16.

The US dollar was down against the Japanese Yen on Friday. By the end of the trading session USD/JPY was traded at 100.45, shedding 0.08%.
I believe that support is now at around 99.91, Tuesday’s low, and resistance will be at the level of 100.94 - a maximum of Monday.

The US dollar was down against the Japanese Yen on Friday. By the close of Asian session USD/JPY was trading at 103.21, shedding 0.01%.
I believe that the support is now located at around 101.73, Tuesday’s low, and resistance is at the level of 104,00 - the maximum of Thursday.

USD/JPY
The pair broke a two-day positive series on Thursday after failing to overcome the psychological barrier at 104.00. The US dollar fell by about 20 pips to a closing price of 103.22 but managed to remain profitable since the beginning of the week. The bottom of the session was reached at 103.05. The price remains above the rising moving averages, but RSI lost positions, putting the Bulls to the test.

Key levels to watch for:
Support: 103.05; 101.65; 100.80;
Resistance: 103.95; 105.30; 107.90.

Dollar/yen continued downward momentum yesterday, bottomed at 101.92 and hitting 101.18 earlier today. Commercial bias remains bearish for test of 100.70 as part of the bearish scenario of false breakout (above 104.00). A clear break and daily close below 100.70 could trigger further downside pressure for testing 99.50. Immediate resistance is at 102.00. A clear break above that area could lead price to neutral trading zone but overall I remain in the camp of bears.

The US dollar registered a decline against the yen on Tuesday. The session started at 103.40 and finished 140 pips lower. The pair bounced off the resistance at 103.70 and managed to break the support at 102.57. Daily extreme values were reached respectively at 103.80 and 101.93. If prices continue to fall, the dollar will be directed towards support at 101.20.

Key levels to watch for:
Support: 101.20; 99.85;
Resistance: 102.57; 103.70; 104.10.

Merrill Lynch advises purchases of USD/JPY.

USD/JPY fell after the ISM index of business activity in the services sector replicate the success of the index in the manufacturing sector in the US, analysts say.
At the same time offers to buy about a hundred continue to act as support and attempts to restore of the pair wear sluggish nature and risk of breaking down seems considerable, the analyst added.
In this scenario, attention will shift towards 101.75/69 and 101, they concluded.

The US dollar was down against the Japanese Yen on Friday. By the end of the Asian session USD/JPY was trading at 102.25, shedding 0.22%. I believe that the support is now located at around 101.18, Wednesday’s low and resistance is at the level of 104.14 - a maximum of Monday.

The US dollar rose against the Japanese Yen on Friday. By the close of US trading USD/JPY was trading at 102.28, gaining 0.20%. I believe that the support is now located at around 101.40, Tuesday’s minimum, and resistance is likely at the level of 103.36 - the maximum of Wednesday.

USD/JPY

I can say with confidence that the defining for weeks trend will be Wednesday, when the decisions of the Central Bank of Japan and the US Federal Reserve on interest rates will come out and the corresponding comments on monetary policy in these countries. As for the graphical analysis, the H4 on he says that the couple will stay for some time within the boundaries of 101.70 - 103.25. After that, according to indicators on D1, the pair will drop to the support of 100.50, and repulsing by it, abruptly will go up - to the resistance of 104.30 and in case of breakthru, even higher - up to a height of 111.45.

USD/JPY

The pair maintain the downward direction for the third consecutive day on Wednesday amid statements from the Federal Reserve and Bank of Japan. The dollar has depreciated by nearly 140 pips to 100.30 to its lowest point in nearly a month. The high of the session was made at a level of 102.78. Current attitudes seem negative, putting psychological support at 100.05 as an immediate goal.

The US dollar rose against the Japanese Yen on Friday. By the close of US trading USD / JPY was trading at 100.97, gaining 0.22%. I believe that the support is now located at the level of 100.07, the low of Thursday, and resistance is at the level of 102.81 - the maximum of Wednesday.

The dollar lost gains against the other major currencies on Wednesday after the release of positive data on orders for durable goods in the US, while the markets are still focused on the long-awaited meeting of key oil producers.
USD/JPY rose by 0.17% to 100.58.

Dollar/yen had a bullish momentum earlier today in Asian session, hitting 101.63. The upwards scenario of double bottom is now confirmed with targets near 102.00/20. The outlook is bullish in nearest term. Initial support is at 100.80 whose breakthrough could lead price to neutral zone with re-testing 100.10 key support. In long-term the main downward scenario remains.