USD / JPY
Key levels to watch for:
Support: 109.90; 107.70; 105.40;
Resistance: 111.15;
The dollar / yen had a significant upward momentum yesterday, sliding over the main downward channel. This may be an early stage for a new major bullish trend. Trade signals are up for a short time to test 113.00. Immediate support we have at 111.90, whose breakthrough can take the price to a neutral trading zone. But only a clear break back below 111.40 will cancel the ascending views.
The dollar / yen continued its inertia up yesterday, reaching a peak of 112.62 and hit 112.76 earlier this morning. The views remain up for testing 113.00 - 113.50. Intraday support is 112.35. A clear breakthrough below this level can take the price to a neutral zone for testing 111.85. But only a clear break back below 111.40 will stop the current strong upside outlook.
The US dollar continued its rise against the Japanese yen. The session started at 111.98 as the day’s closing at 112.54. The dollar continued its upward movement, reaching a daily peak of 112.62 and breaking the resistance level at 112.50. If the price continued its upward movement, we would expect to test the next level of resistance at 112.90. Otherwise, a breakthrough in support at 111.36, we would expect an upturn in the upward movement.
USD / JPY
Key levels to watch for:
Support: 111.36; 110.27;
Resistance: 111.87; 112.50; 112.90;
The dollar recorded a neutral session against the yen on Monday. Thus, the pair remained at the level of the end of last week, but short-term expectations are still in favor of the dollar. If they are justified, the resistance at 112.96 will be pierced. Trading started at 112.18 and the final was 10 pips higher. Peak of the day was reached at 112.55.
USD / JPY
Key levels to watch for:
Support: 112.01; 111.24;
Resistance: 112.96; 113.39;
The dollar / yen was tentative yesterday. Expectations are neutral, probably with slight downward signals. Only a clear breakthrough, however, back below 111.40 will stop my upward pattern. Resistance for the day is 112.60. A clear break above this level may cause future bullish test pressures of 113.00 or higher. The first support is 112.20. A clear breakthrough back below it could lead to downward pressure for testing 111.40.
The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD / JPY is trading at 111.47, losing 0.88%. I believe that support is now at the level of 111.39, the low of Friday’s trading, and resistance is likely to come in level 113.17 - Thursday’s high.
Dollar / yen made a bullish momentum yesterday, forming a peak at 111.31 and hit 111.43 earlier this morning after the rebound from EMA 200. Views are bullish in a short time for testing 111.55 - 112.00. Intrady support is 111.00. A clear break below it can take the price to a neutral trading area with testing at 110.75 or below.
The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD/JPY was trading at 110.51, losing 0.36%. I believe that support is now at around 110.12, Monday’s low, and resistance is likely to come in level 111.44 - the maximum of Wednesday.
USD/JPY: Bullish for now. Next target: 110.70.
Bearish with USD/JPY. Next target: 110.00.
USD/JPY: Market loves round numbers. 110.00 is a good target.
Good one.Thanks! It is levitating around.
symmetrical triangle: USDJPY weekly chart
traders are ready for profit
The US dollar was up against the Japanese yen on Friday. By the close of US trading, USD / JPY was trading at 111.03, adding 0.25%. I believe that support is now at the level of 110.38, the low of Friday’s trading, and the resistance is likely at 111.76 - the maximum of Wednesday.
Interesting levels to consider.
The US dollar was up against the Japanese yen on Friday. By the close of US trading, USD/JPY was trading at 113.70, gaining 0.28%. I believe that support is now at 112.28, Monday’s low, and resistance is likely at 113.70, the high of Friday’s trading.
USD/JPY is approaching the strong level of 114.00. There is a big chance for downwards correction.