USDJPY: While its immediate risk remains higher, USDJPY will have to break and hold above its declining trendline to prevent a return to the downside. Supports come in at the 96.56/18 levels. Below here if seen will aim at the 95.00 level where a violation will aim at the 94.50 level. Alternatively, on continued recovery, resistance resides at the 98.47 level where a break will create scope for a return to the 99.00 level and then the 100.60 level. A violation of here will aim at the 101.52 level. Further out, resistance resides at the 102.00 level. On the whole, USDJPY is exposed to the downside.
the pair fell even more.
the price remains basically a bull market.
We had a daily close above the daily triangle last week and we are now trapped inside a tight range (98.95/25). This looks like a puch higher as we had a nice retest of the triangle support as resistance.
I remain flat until we break out of this range.
Yep I was also wondering if that was already a valid upside break above the top of the daily triangle. Looks like we lost some momentum yesterday because of the holiday but let’s see if it keeps heading north today. Thanks for sharing your charts!
Thanks for the chart!
So for today the price action from USD/JPY is expected to move in a moderate volatility.
The Pair had a bullish momentum earlier today - it hit 99.58.
There’s also possible bearish price movement towards the support 99.115 within the next 2 days.
Hope it helps!
Omg, nothing affects this pair.
The bullish scenario would imply storming the maximum value of the last week, located somewhere around 99.40.
There is a strong and confirmed buy signal.
In order to test the downward trend line 99.50, the price should break above the inclined resistance at 99.50.
Hope it helps! Good luck!
no pbm, I think happypip is right we might have lost some momentum on the upside when wi hit long targets at 127.2FE. Huge resistance confluence at these levels.
The JPY fell to a two-month low against the USD, amid the Japanese stock market growth.
After overcoming the mark 99.00 the pair’s future looks quite positive, and a medium-term growth will most likely continue up to 103.75.
However, if the pair breaks 100.60 minor resistance, another confirmation of the uptrend will be expected.
The dollar suffered slight losses against the yen and closed the day down.
The resistance levels near the psychological 100.00 stopped the pair and made it decline at yesterday’s session.
A probable rebound is expected soon from 99.70 down to the nearest support level 99.30
Morning!
The yen continues to weaken.
Strong technical resistance levels near the psychological 100.00 stopped the pair and caused a decline. The pair hit 100 for the first time since September 11.
The pair went on with its recovery and moved to the secondary resistance 100.60. Its overcoming will be another signal that confirms the uptrend with the goal to testing the maximum 103.75.
The Japanese yen continues to decline - the market is very sympathetic to the U.S. dollar…
Many traders are now waiting for the correction on Nikkei 225 Index and S & P 500.
The nearest resistance is the mark 100.40.
the price will apparently fall at the support line 100.00 in the beginning of the week.
The Japanese yen still continues to retreat. Bidders for the pair do not expect any change in the monetary policy. Th response of the market will probably be weak
There is a strong and confirmed buy signal.
The growth of the U.S. dollar versus the Japanese yen was not supported by volumes.
The yen has fallen dramatically, and USDJPY has exceeded the 101 for the first time since July 10 - after the announcement of the results of the two-day meeting of the Bank of Japan, which has kept unchanged stance of monetary policy and the assessment of the economy.
The pair broke the resistance 100.87, and if there is the stable consolidation above it, there will be the continuation of the growth to test the high 103.75. In this case the mark 100.60 is likely to serve as a support in the future.
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The yen has fallen dramatically, and USDJPY has exceeded the 101 for the first time since July 10 - after the announcement of the results of the two-day meeting of the Bank of Japan, which has kept unchanged stance of monetary policy and the assessment of the economy.
The pair broke the resistance 100.87, and if there is the stable consolidation above it, there will be the continuation of the growth to test the high 103.75. In this case the mark 100.60 is likely to serve as a support in the future.
The course of trading, before the arrival of U.S. market participants will have the effect of stock index Nikkei 225 - continued growth in market share, will give impetus to the pair to grow to the strong resistance 101.52. In the U.S. trading session, in the case of publication of negative data from the United States we can expect a short-term growth of the Japanese currency.
The support levels are: 100.85 - 100.45 and resistance levels are: 101.52-102.50.
there is a correction pullback to the nearest support level 101.00 – 100.85. The consecutive trend growth with the upbeat of the 101.50 level is expected.
The U.S. dollar continued to grow and reached a new six-month high versus the Japanese yen at Friday’s session. The reason for the growth have become the same sentiment caused by the Bank of Japan statement on the continuation of easing policy, which increases the polarity of the prospects for monetary policy of the USA and Japan.
Currently the key level is 102.20, which is located just little below the pair. If this level supports the corrective decline rates, it will cause the bounce up for level 103.20.
The Japanese currency is still falling versus the dollar last week amid the news that the Central Bank will continue to support its support programs to achieve the inflation level of 2%. BO last minutes have not brought much news, but confirmed that the course of monetary policy will remain the same.
The volumes at an ascending trend gradually begin to subside, indicating that the growth of the U.S. dollar near the resistance level 103.20 is stopped. But as long as the pair is above significant resistance levels we recommend to buy on pullbacks.
The yen continued to decline and the pair rose above 103 for the first time since the 23th of May - when the head of Japan Bank - Kuroda said that the central bank would stick to mild policy until inflation reaches 2%, and additional measures would be taken if necessary.
The growth target in the long term is 104.00, but in order to achieve it the price have to break through and consolidate above 103. If the price is not able to break above 103.20 the corrective pullback reaches the rising trendline 102.60.
Yen becomes strengthened versus the dollar and the euro amid falling stock markets, which increases the demand for currency-seekers, including the yen.
the bullish trend will probably be continued. The main target of growth are the two levels: 102.60 and 103.00 - 103.20.
Today 12:47 PM
#158
Yen continued weakening amid the growth of the Japanese stock market, which added 2.3% according to the Nikkei 225 index. The pair was above 103 for the first time since May 2013; this happened also because of the weak Japanese data.
Though the pair broke the level 103.20 the break was not supported by high trade volumes. Rebound upwards will be quite expected from the support level 103.20. Should the pair continue growing that targets are 104.00 and 104.50.
