Following last week bullish performance, UJ upward potential remains after testing 114.00 level, the pair settled just below the level.
USD/JPY
Key levels to watch for:
Support: 111.00;
Resistance: 114.00; 116.45; 118.30.
The US dollar was down against the Japanese Yen on Friday. By the closing of the American session USD/JPY was trading at 112.84, shedding 0.36%. I believe that the support is now located at the level of 112.62, the low of Friday’s trading, and resistance is likely at the level of 114.97 - the maximum of Wednesday.
In near term, due to increasing political risks, USD/JPY may drop to 111.00, followed by 110.00.
Despite strong dollar, Usd/Jpy continue trading sideways in a narrow range, the pair is lack of strength to confirm further bearish trend.
Dollar/yen had a bullish momentum earlier today, hitting 113.70. Trade signals are up for testing 114.00/30 in the near future. But overall I still prefer a bearish scenario at this phase and any upward pressure should be seen as a good opportunity to short positions. The nearest support is at 113.35. A clear break below that area could lead price to neutral trading zone testing 112.65.
The dollar recorded a second consecutive loss against the yen on Thursday. The US currency continued the negative trend from the previous session and reached the lowest level for this week. However, the pair is trading above support at 115.56. The launch on Thursday was given at a price of 113.29 by early trend was neutral. Around noon bearish sentiment prevailed and currencies hit bottom at 112.54. The finale was put 6 pips higher.
USD/JPY
Key levels to watch for:
Support: 111.56; 110.93;
Resistance: 114.95; 115.60.
The US dollar was down against the Japanese Yen on Friday. By the close of US trading USD/JPY шаs trading at 112.16, shedding by 0.40%. I believe that the support is now located at the level of 111.94, the low of Friday’s trading, and resistance is likely at the level of 113.78 - the maximum of Tuesday.
Usd/Jpy remain bearish, break support level at 111.90 might lead to further decline.
The dollar changed unsignificantly near a seven-week high against other major currencies. Traders are taking profits after the recent rise of the dollar. The dollar has a growing against the probability of a US interest rate hike this month.
Currency pair USD/JPY was down by 0.12% to 114.42.
Usd/Jpy is consolidating around 114.00 level while remains in the positive territory, but on the upside the pair seems limited at 114.75.
USD/JPY marked neutral session on Tuesday. The dollar added only 9 pips at a closing price of 113.97. Daily extreme values were reached respectively at 113.72 and 114.14. Given the prevailing positive attitude in the short term to overcome the next level will be indicative of further growth.
USD/JPY
Key levels to watch for:
Support: 111.00;
Resistance: 114.00; 116.45; 118.30.
The British pound was up against the US dollar on Friday. By the close of US trading, GBP/USD was trading at 1.2170, gaining 0.04%. I believe that support is now at 1.2134, Thursday’s low, and resistance is likely at 1.2302, Monday’s high.
The dollar tumbled against the yen on Wednesday. The session starts relatively quietly at a price of 114.73. After the Fed’s statement, however, the price went down sharply and the pair hit bottom for the day at 113.17, breaking the first support at 113.53. If bearish sentiment continue to prevail, the pair will test the level at 112.54. The finale on Wednesday was put at 113.46.
USD/JPY
Key levels to watch for:
Support: 113.53; 112.54;
Resistance: 115.60; 116.74.
The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD / JPY is trading at 112.69, losing 0.55%. I believe that support is now at 112.56, the low of Friday’s trading, and the resistance is likely at 115.20 - Tuesday’s high.
I think that USD / JPY has found a new corridor between 114.50 and 112, and it will try to break lower sooner than to break above.
The pair consolidating lower indicating the likelihood of further decline towards 112.00 level.