USD/JPY Analysis - page 94

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The USDJPY has found a good resistance at the 113.35 level, but the bullish pressure seems to the accumulating at that zone. To the upside, the 114.00 level could act as resistance. Below the 113.00 level, its next support could be the 55 day EMA around the 112.42 level. 
 


The Yen has been struggling to break through last weeks high with no lack of effort rest assured.

113 seems to be holding its ground and 112.50 out of reach for now.

When it breaks through the 113.38 threshold, it will find sellers scattered all the way through to 113.85 ( 123% fib )

 
How the pair will develop, I think, depends on how the results of the American elections today.
 
USD/JPY dropped like a rock after the election results and I think we may see it depreciate more.
 

USD/JPY is showing  neutral to negative short term picture today. The pair bounced from the daily low at 112.94 and curretnly is trading around 113.40 level. On the four hour time frame the price is developing above its bullish, but slow moving averages. Technical indicators are located within negative areas with the Momentum heading lower. A break below 112.60 will turn into bearish mode and on the other hand above 113.40, the upside will look more constructive.

 

USDJPY has shown good bullish strength. Donald got half dumped and even then the Yen only managed to pierce through the 113.00 level before getting pushed back up.

Having marginally failed to go through the 113.85 level , it seems like a 2nd try is on the way. Support growing stronger with buyers trailing their stops up from 112.50 to just below 113.00

 
USD/JPY had a strong momentum to the upside this week. Let's see how the one goes, i'm expecting the pair to depreciate to levels below 113.00.
 
It quickly recovered from its drop after the USD elections and now it is testing 113.75 once more. Let's see whether it will break out above that level.
 

The USD/JPY pair is on run,performing excellent today. The pair is nearing a 4-week high and currently is trading few pips below 114.00 handle. On the four hour time frame the price is showing strong bullish stance, having the development above its bullish moving averages. Technical indicators are standing well above their midlines and are showing good upward strength. The scale is leaned to the upside, with gains beyond 113.85 opening doors for an extension toward 114.54, October monthly high.

 
Usd/Jpy risk remains on the upside, next immediate resistance can be seen as last month high at 114.54, the pair is in the position of retesting the level.
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