The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD/JPY was trading at 111.29, losing 0.04%. I believe that support is now at around 110.73, Monday’s low, and resistance is likely at 111.81, Tuesday’s high.
The pair remains lack of directional strength around 111.25, upside strong resistance can be found at 111.75 and on the downside round number 111.00 could act as psychological level.
The US dollar marked an increase against the Japanese yen on Monday. The session started at 111.23 and ended at 111.85. Daytime extreme values were reached at 111.12 and 111.94, respectively. If the direction of movement continues to move upward, we can expect an attempt to test the resistance at 114.00.
USD/JPY
Key levels to watch for:
Support: 111.00; 109.50; 108.40;
Resistance: 114.00; 115.40.
There is a pullback from 112.45 and I think USD/JPY could retrace to 111.70 - 111.60 in the near future.
USD/JPY continues rallying. I think it will reach 113.00 as a first target in the foreseeable future.
I agree, Usd/Jpy initial gap has been recovered, 113.00 will be critical resistance level.
The US dollar was up against the Japanese yen on Friday. By the close of US trading, USD/JPY was trading at 112.41, gaining 0.20%. I believe that support is now at around 111.10, Monday’s low, and resistance is likely at 112.93, Thursday’s high.
The US dollar recorded a significant rise against the Japanese yen on Monday. The currency pair added 129 pips at a closing price of 113.37. The chart continued to grow above the creeping mean, while the relative strength index remained neutral. If the direction continues, the pair will probably break the resistance at 114.00.
USD/JPY finally broke out above the last high at 113.46 and I think that next target will be at least 114.00 - 114.36.
USD/JPY did find some resistance at 113.70. Considering the hanging man bar and the spinning top bar at that level there might be some retracement, but I still think the overall trend is bullish.
USD/JPY just broke out above 113.70. I think that whether the rally will continue or not today depends on the NFP data, which will come out very soon.
The US dollar was up against the Japanese yen on Friday. By the close of US trading, USD/JPY was trading at 113.91, gaining 0.61%. I believe that support is now at the level of 111.92, Monday’s low, and the resistance is likely at 114.18 - the maximum of Friday’s trading.
Usd/Jpy is still holding strong bullish tone, I set my 1st target at 114.40.
I agree. USD/JPY continues slowly rallying today and I too think it will reach 114.40 - 114.50.
The pair extended its upward trend, still holding strong bullish tone. I set my eyes on 115.00 zone.
USD/JPY reached 114.50 as I thought it would, but I think that may be the end of the current rally. Next target is around 113.00 - 112.70.
USD/JPY broke out below 113.00 and I think it will soon reach 112.70. The next target below that is at 112.00 - 111.80.
On Thursday, the yen lost 11 pips of its asset. The day was opened at 113.16, and the top of the day was recorded in the first trading hours at 113.52. Bearing players recorded a bottom at 112.85. And for the last one dollar was worth 113.27 yen.
The dollar / yen tried to lower yesterday, making a bottom at 112.85, but closed higher at 113.28 and hit 113.57 earlier today. We have an upward pin bar near the 112.75 support, as can be seen on the daily chart, which suggests that the price is likely to be up for the upward rally after adjusting down from 114.50 on Tuesday. Traffic signals are bullish for testing at 114.00 - 114.50. On the downside, a clear break and a daily closing below 112.75 will activate my neutral model with short-term downside views.