USD/JPY analysis

[dianajs]

It's forming a barbed wire pattern on the H4 time frame. I will short if it breaks out below 111.10, I don't want to risk it while it's so range-bound.

 

[deresel]

The dollar registered a volatile session against the yen on Tuesday. Although the trend varies widely, eventually opening price was close to that of closing, respectively, 110.89 and 110.73. In the early hours of the trade the trend was bearish in nature and so the pair hit bottom at 110.26, but later the dollar offset losses. If the negative momentum of the last two days continued, USD/JPY will test the support at 109.79.

 

[deresel]

USD/JPY
Key levels to watch for:
Support: 109.79; 109.00;
Resistance: 112.84; 113.47.

 

[arigoldman]

USD/JPY continues to trade sideways, CMP 110.74. The JPY news this week could not make enough impact. Eyes are on the event next week.

 

[idimitrov]

The US dollar was up against the Japanese yen on Friday. By the close of US trading, USD/JPY was trading at 111.10, adding 0.26%. I believe that support is now at around 110.13, the low of Friday's trading, and the resistance is likely at 111.61, Monday's high.

 

[willissom1]

USDJPY

Entry Point: Buy at 110.63
Take Profit: 110.94
Stop Loss: 110.22

Date: 05-04-2017

Status: Close

 

[dianajs]

I shorted after the pair formed the strong daily hammer bar under the resistance at 111.60. I think first target will be at 110.00, but it could eventually drop to 108.50.

 

[dianajs]

USD/JPY broke out below 110.00 and I think the daily bar will close below that level too. A drop to 108.50 is almost inevitable, in my opinion.

 

[arigoldman]

USD/JPY is trading to the downside now as the US dollar is losing steam. CMP 108.88, first support 108.30.

 

[dianajs]

USD/JPY finally fell to 108.50. I think it will rebound from this level or from 108.30 and climb back to 109.50 - 109.60.

 

[idimitrov]

The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD/JPY was trading at 108.65, losing 0.40%. I believe that support is now at around 108.55, the low of Friday's trading, and the resistance is likely at 111.58, Monday's high.

 

[dianajs]

I opened a long position at 108.20 and my target is at 109.00 as I thought the pair would rebound from that support. Considering the bullish spinning top bar on the H4 time frame at that level, it probably will.

 

[dianajs]

I closed my long at 109.00 as I intended to and then I shorted after the pair formed the bearish spinning top bar on the H4 time frame below 109.20. I think next target is 108.20 again.

 

[dianajs]

It rebounded from 108.30. I managed to close my short relatively on time, but I haven't opened another long. While the pair is bearish, I suspect that it will begin a sideways consolidation above 108.20 - 108.30.

 

[deresel]

The US dollar recorded a rise against the Japanese yen on Wednesday. The currency pair opened at 108.41 and ended 44 pips higher. Daytime extreme values ​​were reached at 108.37 and 109.17, respectively. In case the price continues to rise the pair will move to the first resistance at 109.50.

 

[deresel]

USD/JPY
Key levels to watch for:
Support: 107.70;
Resistance: 109.50; 111.00; 114.00;

 

[BigJayJay]

USDJPY is bit of a mess for me at the moment. I am going to take a break until the direction is clear again

 

[idimitrov]

The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD/JPY was trading at 109.10, losing 0.20%. I believe that support is now at around 108.11, Monday's low, and resistance is likely at 109.49, Thursday's high.

 

[arigoldman]

USD/JPY is having a time of consolidation as price continues to trade sideways.

 

[csc2009]

A huge gap up has closed a bit after the first round of French election result, but rally still intact and the pair stay above 110 level. The gap could be fully closed, focus stay on French election.