USD/JPY Analysis - page 51

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USD/JPY continues to fall and nears the critical 105.00 level, which if broken would open doors for testing the support at 104.13.   

 
I think it's undecided for the moment. Another rally is possible but it hasn't begun yet.
 
There hasn't been much development since yesterday, I think it will remain undecided until the NFP tomorrow.
 
I expected this pair to move to the upside.
 
Ari Goldman:
I expected this pair to move to the upside.
Your expectation was correct.  I think it will rally to 107.00.
 

The pair pulled back from the daily high, but bulls do not give up. Indicators on dialy chart are aiming north, so I expect a convincing break through the 107.00.

 

Friday’s mixed NFP weakened the US dollar and USD/JPY closed below the psychological barrier at 107.00. The pair is supported by the 20-day SMA at 106.30 and while staying above it, extended consolidation is expected.

 
USD/JPY reached 107.00 as I thought it would and pulled back from it. I think it will fall back to 106.00.
 
There was another attempt to break out above 107.00 but the pair remained above that level very briefly. I think the pair is undecided for the moment.
 
USD/JPY is still rangebound, I think we may see a new rally to 107.00 at best.
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