USD/JPY Analysis - page 70

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It pulled back from 110.80, it may be time for some correction.
 
Usd/Jpy has a brief moment of consolidation around 110.70, the pair would test 110.50/60 zone, break below next target will be 110.20.
 
While the pair is still pushing upward the trend is visibly exhausted, it may not last for much longer.
 
It rebounded from 111.13, the trend is exhausted as I thought it was. Next target is at 110.00, I think.
 
It found support at 110.27 but I think this is a temporary correction.
 

USD/JPY is hovering around 110.50 after rejecting the 111.00 earlier today. The bearish sentiment prevails and the pair is vulnerable around 110.15 where the 100-day SMA is providing first support.

 
It looks like it will depreciate to test 110.27 for a third time.
 
The NFP data will be announced in less than an hour, we can expect major volatility when that happens, I think. I've closed all my positions.
 
110.30 could be a good long entry.
 

The USD/JPY is trading lower today around 110.50 after the US NFP data. The greenback might recover ground on the better-than-expected numbers but the pair needs to advance beyond 111.00 in order to extend its advance up to 111.40.

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