USD/JPY Analysis - page 81

New comment
 
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.

 
There is no clear direction on the USDJPY, the pair is around the 111.50 level with a resistance at the 112.00 level and a support at the 111.00 level where we can also find the 55 day EMA.
 
when UJ will fall????
 
James Anthony:
when UJ will fall???? We are waiting

it was started at R 111.75 :)

But might be the rise of CADJPY can spread to USDJPY in the weakening JPY.
 
Yohana Parmi:

it was started at R 111.75 :)

But might be the rise of CADJPY can spread to USDJPY in the weakening JPY.

Reached 111.17, about 57 pips fallen from above.

 
USD/JPY remains undecided, at this time I am unwilling to open any positions.
 

The USD/JPY pair fell below 111.00 handle and marked its lowest level since the last day of August at 110.70 amid weak risk appetite. The pair has lost upward strength and technical readings on the four hour time frame are showing that it may extend its decline during the upcoming hours. RSI and stochastic are aiming south and are nearing the negative territory. Support levels: 111.20, 110.85, 110.40. Resistance levels: 111.50, 111.80, 112.15.

 
It broke out above 111.00, I think it will rally to the next target at 111.70.
 

USD/JPY recovered today but bulls stalled at 111.07, where currently the pair is located. A persistent upward potential might push bulls towards next resistance area around 111.30.

1...747576777879808182838485868788...99
New comment