USD/JPY marked today its highest level since January 9. Currently the pair is trading slightly below this level but is showing good upward strength.
It went over my bearish sell zone, will wait for a new opportunity.
USD/JPY retreated to 112.20 and indicators on H4 are showing bearish momentum. Stong support is lying around 111.50.
Currenlty the pair is trading at 112.48 after had pinned daily low at 112.05. On the four hour time frame the price is developing above its bullish moving averages, so the long term uptrend is not at risk. RSI and stochastic are displaying strong bearish slopes and are close to oversold territories.
Further declines are expected in case of closing below the daily low which will bring next bearsih target at 111.80. On the other hand bulls might try to fight the first resistance at 112.60 which if broken will offer next one at 113.00.
114.00 would be a nice level to go short. Strong res there.
Usd/Jpy seems has turned from bearish to neutral short term, found support level at 110.75, but with upside capped at 111.50 maybe it is too soon to say the bearish trend is over.
Currently the pair is consolidating aorun 61.8% Fibonacci retracement od its latest bullish run and according to technical indicators on h4 the chances for steeper advance are limited. The upside is still capped by 111.45 where the 100-day SMA is developing while the donwside remains supported by the 110.80 – 110.70 zone.
Currently usdjpy on floor 111.23 which if look on pattern daily, this area already on support 1 level zone, and today movement start from H1 already figure out bull candle has occurred, but still on slow movement, and will possible if then the trend will up again if based on technically, let wait on London session later
113.40 looks good to take a short.
Bearish for the next week. Good opportunity for long at 109.80.
USD/JPY closed little changed around 110.00. Fist support the pair will meet at 110.70 ahead of the 110.00 handle. The upside provides initial resistance at 111.55 and higher at 112.20.
USDJPY 30th July 2018 Monday forecast
Impression : Consolidation phase.
(Trading Range : 110.500 to 111.700)
Trade consideration,
- Price closed above Ichimoku cloud indicates bullish momentum.
- Price swinging within a bullish channel.
Target’s projection, Friday’s High (111.300) provide an immediate resistance level to aim at.
Stop loss , 110.500 (Weekly Low)
The pair is trading within the range between the two breakout points at 110.50 and 111.70, key events need to focus on including BoJ and FOMC statement.
Hi everyone! I being long on this pair now as from the 1D chart the trend is up I think. I’m using price action trading so that’s why I have a clean chart without indicators.
I use the Fibo to see my RR.
USD/JPY is trading around 112.00 amind mixed US ecomonic data and eyeing Fed. Yet the 112.20 remains immediate resistance, while the dowside is supported by 110.60.
USD/JPY rallied this morning to 111.80 but currently is hovering around 111.70. Whether the pair will keep its direction depends ot the NFP outcome today.
Usd/Jpy is trading almost flat around 111.20, trade war tensions continue to benefit Yen, the pair would resume its declines if break below 110.59 support level.
USD/JPY is trading well above 111.00 as the greenback is still influenced by the economic fundamentals from last week. Now first resistance is seen at 111.85 region, above which the pair is likely to test the 112.00 handle.
The US and Europe will be on summer break soon so we should see less volatility over the next month. My current orders below.
The pair is almost back into the downward trading channel. I expect more to the downside.