USD/JPY analysis

Usdjpy

The USDJPY jumps from the 112.00 level to the 114.00 level, but stays consolidated between those two round number levels.
 
USD/JPY is at the support at 112.40, I think that if it breaks out below that support it will reach 112.00.
 
Dollar/yen failed to continue its downward movement yesterday, topped at 112.57. The bias is neutral, but overall still prefer a bearish scenario with the closest target near 111.30. Immediate resistance at 113.00. A clear break and daily close above this level could trigger upward pressure on testing 114.00 but any upside pullback should be seen as an opportunity for sales. First support is 112.00 whose breakthrough could lead to further bearish pressure testing 111.30.
 
The dollar quickly changed its place with the yen and the recorded 45 pips on its account. The beginning of the trading session was with the opening price 112.37. The momentum of the yen the previous day helped reaching the daily high of 112.54 in the early hours of the day. The support level of 111.98 was pierced by bears and they took their bottom level at 111.62. The day ended with a break for the second time on the same support, at a price of 111.92.
 
USD/JPY
Key levels to watch for:
Support: 111.20; 109.63;
Resistance: 111.98; 114.05; 115.64.
 
The pair finally found support at 111.60 and started climbing. I think next target is at 113.45.
 
USD/JPY broke above 113.45 and it's still climbing. I think it will reach 114.00 next.
 
USD/JPY broke above 113.45 and it's still climbing. I think it will reach 114.00 next.

Following last week bullish performance, UJ upward potential remains after testing 114.00 level, the pair settled just below the level.
 
Following last week bullish performance, UJ upward potential remains after testing 114.00 level, the pair settled just below the level.

It even broke above that level for a little while. I think that that the closest short-term target is at 114.50.
 
The RSI divergence signalled on time today that the move to the upside is over at this stage. I think the closest target is at 113.00 - 112.76.
 
The pair continues moving south, I think that there will be a breakout below 113.30 soon.
 
After breaking below 113.30 USD/JPY is still very bearish. I think next target is around 111.60 - 111.50.
 
USD/JPY
Key levels to watch for:
Support: 111.00;
Resistance: 114.00; 116.45; 118.30.
 
The US dollar was down against the Japanese Yen on Friday. By the closing of the American session USD/JPY was trading at 112.84, shedding 0.36%. I believe that the support is now located at the level of 112.62, the low of Friday's trading, and resistance is likely at the level of 114.97 - the maximum of Wednesday.
 
In near term, due to increasing political risks, USD/JPY may drop to 111.00, followed by 110.00.
 
USD/JPY moved down to 112.79 on talks between President Trump and PM Abe. Price is expected to continue sideways until fundamentals or technicals play a role.
 
Despite strong dollar, Usd/Jpy continue trading sideways in a narrow range, the pair is lack of strength to confirm further bearish trend.
 
The pair is forming a flag after the last drop to 112.61. I have little doubt that once that ends there will be a new move to the downside, I am waiting for a breakout below the flag's support trend line to open a short position.
 
Dollar/yen had a bullish momentum earlier today, hitting 113.70. Trade signals are up for testing 114.00/30 in the near future. But overall I still prefer a bearish scenario at this phase and any upward pressure should be seen as a good opportunity to short positions. The nearest support is at 113.35. A clear break below that area could lead price to neutral trading zone testing 112.65.
 
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