USD/JPY reached and then broke out above 111.00. The trend is so bullish I have little doubt it will soon reach 112.00.
The US dollar was up against the Japanese yen on Friday. By the close of US trading, USD / JPY was trading at 110.84, adding 0.52%. I believe that support is now at around 108.14, Monday’s low, and resistance is likely at 111.33, the high of Friday’s trading.
Usd/Jpy started the week with a bullish gap, and consolidating further push the pair to retest 111.50 key resistance level.
111.50 proved to be a strong resistance, because the pair rebounded from it. It looks like the pair will form a range channel between 110.00 and 111.50.
USD/JPY rallied after FOMC didn’t hike the interest rate yesterday and the pair reached a new high at 112.71. I think the overall upward trend could continue to 114.50.
The US dollar was down against the Japanese yen on Friday. During Asian trading, USD/JPY was trading at 112.45, losing 0.02%. I believe that support is now at 110.88, Monday’s low, and resistance is likely at 112.72, Thursday’s high.
USD/JPY did find resistance at 112.70 and some correction to the downside is possible, but the overall upward trend is still active. I think the next target of the correction is around 111.10.
Interesting levels of support and resistance :).
These are mine:
Support: 110.26; 109.41;
Resistance: 112.08; 112.86.
USD/JPY was unusual today for Newbies.
For many days to be counted there were up days, yet today was a down day.
Support is at 111.6420, resistance is above that.
Today on USD/JPY support was at a level of 50% of the rise on FOMC, something to do with fibos.
Apparently Eur/Usd did something similar, or so my fellow robots have reported.
So what next?
The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD / JPY was trading at 111.99, losing 0.43%. I believe that support is now at 110.88, Monday’s low, and resistance is likely at 112.72, Thursday’s high.
The pair remains bullish although upside seems limited to resistance level at 112.70, break above for further gains.
For the moment USD/JPY is very range-bound and I think eventually it could fall correctively to the support around 111.55.
As I thought USD/JPY reached 111.55 and even fell a little below that level before rebounding from it and returning to the resistance of the range around 112.50. I think a possible break out above it would mean a rally to 113.00 or even 113.40.
USD/JPY met resistance at 113.25 after forming a shooting star bar at that level on the M30 time frame. I think it may depreciate back to 112.30 today.
The US dollar recorded a rise against the Japanese yen on Tuesday. The session started at 111.72 and finished 50 pips higher. Graphics continued to grow above the moving averages, while the relative strength index remained neutral. In the short term, positive attitudes prevail, with levels at 110.90 and 112.90 continuing to play a key role in the upcoming direction.
Support: 110.90; 110.20; 108.80;
Resistance: 112.90; 114.30;
There is a double top at 113.20 - 113.25. I think that is a signal for a future deeper correction to 112.00 at least, maybe even 111.50.
The US dollar recorded a decline against the Japanese yen on Thursday. The session started at 112.81 and the price managed to double the resistance at 112.90. After all, the dollar ended at 112.33 and in case the price continued to fall, the dollar would head to the first support at 110.90.