USD/JPY Analysis - page 97

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The pair is range-bound, I think we will see another move south to 112.00.
 

USD/JPY is technically bearish as seen on the four hour time frame. The pair  spent the day hovering around the Friday's close and below the 100-day and 200-day SMAs. Technicalindicators have stabilized with the stochastic holding near oversold readings and the RSI up from its lows but far into negative ground, indicating the absence of buying interest. The monthly low at 112.55 is the immediate support, with a break below the level opening doors for a steeper decline toward 111.80.

 
It has almost reached 112.00, lets see when or whether there will be a breakout below that support too.
 

USD/JPY bulls have taken back control and the price is now much higher according to the daily lows. Technically, on the four hour time frame the price is below all of its moving averages. Technical indicators remains around oversold area, but lacking directional strength and leaning the risk to the downside. Currently the price is standing at around 112.80, the 20-day SMA and next bullish targets is seen at 112.95, which if broken will open doors for testing the psychological 113.00 level.

 
It pulled back from 112.30 after all and I think we may see it rally above 113.00 soon.
 

The short-term outlook for USD/JPY remains bullish, as the price has recovered above the directionless 200-day SMA and is developing below the 100-day SMA , which is heading north at around 113.35. Technical indicators on the four hour time frame have entered into positive area with the RSI advancing at 52 but the Momentum lacking directional strength. A firmer brake above the above mentioned 100-day SMA might bring additional gains, as long as the positive mood persists.

 
The pair rallied above 113.00 and reached 113.20 before pulling back from that level. It has also formed a bearish pinbar there on the H4 time frame so we may see a new depreciation.
 

USD/JPY is trading between its 100-day and 200-day SMAs, with the shortest above the current level. Technical indicators on the four hour time frame turned to south within positive levels, but rather indicating the absence of buying interest than suggesting an upcoming decline. Little should be expected for today, although some risk headline could send it down to the 112.60 price zone, while to the upside, the main resistance is 113.35, with a bullish breakout of this last unlikely today.

 
USD/JPY is undecided around 112.00 but I think the move south may continue next week.
 

USD/JPY came under a modest selling pressure today and slumped to its lowest level of the day at 112.71 and currently is trading at 112.74. First support is seen at 112.60, ahead of 112.15 and 111.60. The upside offers  resistances at 113.00 ,113.40 and 113.70.

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