USD/JPY is trading flat for the day, around 111.00 figure. Technical indicators on the H4 are pushing higher, but not enough to reach the resistance at 111.20.
The risk for the pair remains to the downside, immediate support level can be found at 110.10.
It’s appreciating now, but I’m bearish. Below 110.00 the bearish continuation should be confirmed.
USD/JPY is developing around its moving averages on the H4, but yet is unable to surpass them. RSI and stochastic are turning to north and bulls might conquer soon the 111.00 level.
Looks like bears prevails today, the pair is facing the immediate support at 110.40.
USD/JPY was very undecided last Friday and closed around mid 110.00s. The two largest economies in the world will meet next week to try to solve the trade war and the market players still be looking for safety.
USD/JPY continues to struggle with 110.50 level, but the daily low seems much more attractive for the bears.
The USD/JPY pair recovered from the daily low at 109.77 following US Treasury yields, as firmer equities worldwide keep risk-aversion in check. However the 20-day SMA is acticting as immediate support at 110.45, which yet remains hard to achieve by the bulls.
Today the USD/JPY pair is showing strong bullish momentum, but currently is capped by the 50-day SMA on H4 around 110.62.
USD/JPY is showing strong upward strength and seems that bulls are back. The new targets for the upside are located at 111.45 and 111.54-111.64 zone.
It’s been trading sideways for the last three months, pretty much nothing exciting happening so far.
USD/JPY edged lower and closed the week at 111.25. The 100-day SMA is providing immediate support around 110.95 and I think the pair wouldn’t move below it.
USD/JPY is struggling around 111.00 handle, but the sentiment remains bearish. On the four hour time frame the price is yet developing above its moving averages Stochastic is located within extreme negative territory while RSI is looking for direction around its mid-line. The pais is supported by 111.10, 110.75 and 110.40. The resistance levels are seen at 111.50, 111.85 and 112.20.
USD/JPY keeps its mildly bearish tone, but attempts to recover ground where again falls between the 200-day SMA in the four hour time frame. Currently is hovering around 111.30, below the highs from last week at around 111.50. In the same chart indicators are developing around their mid-lines and are lack of directional strength. The 100-day SMA is aiming south and even below the weekly lows, at around 110.85, offering a short-term dynamic support
USD/JPY finally broke its latest range to the upside. The pair is currenlty trading around 111.70 and is showing strong bullish momentum. On the four hour time frame the price stands well above its 100-day and 200-day SMAs and both are running in parallel, maintaining neutral stance. RSI and stochastic had advanced towards positive territories, now losing their positive momentum but holding at daily highs. I think the monthly high at 112.14 might be tested very soon.
The USD/JPY pair fell from the highs on the risk-off mood. Currently the price is hovering around 111.00 and on the four hour time frame is struggling with the flat 200-day SMA. Technical indicators on the same chart have turned south and stochastic is showing stong bearish momentum and is nearing extreme negative territory. Overall, the risk is skewed to the downside and a steeper decline will be clear on a downward acceleration through 110.90.
USD/JPY feel today to its lowest levels this week but is trying to recover towards the 111.00 handle. Technically speaking the short-term outlook remains bearis. On the four hour time frame the price is developing below its 100-day SMA for the first time this week, RSI and stochastic extend their slumps within negative territory with almost vertical slopes, indicating that selling interest remains strong.
The greenback is the main winner amid the global concerns that are taking over the financial markets, while teh Japanese Yen’s gains are contained by firming US Treasury yields despite risk-averse environment.
The USD/JPY pair currently is trading around 111.45, keeping short-term bullish stance. , On the four hour time frame the price is developing above its moving averages which has lost directional strength. Indicators have entered into extreme overbought territory but are are staring to lose upward strength. The 111.50 level represents strong static resistance area and to keep the current bullish momentum the pair will have to accelerate through it. Otherwise below 111.20 the upward potential will fade away and a steeper decline will be at sight.
Above 111.80 I think it could continue with renewed strength to the upside. Let’s see what this week’s news bring.
USD/JPY is quite hesitant around 111.50 although remians above its moving averages, whilch had lost directional strength. To bring back the bulls, the pair will need to push above the daily high with next target at 111.85.