USD/JPY analysis

[fxstrategist]

The USDJPY rallies above the 55 day EMA around the 113.00 level and reaches and intraday high around the 113.33 level. In case of continuing higher, the pair may reach the 114.00 level. Below the 113.00 level, its next suppor could be the 112.00.

 

[Wilson80]

Tested for the second time November low and rejected so seems like now is getting ready to travel north toward 113.176.

Wow that was fast and sweet.

 

[Wilson80]

Seems that it remains hoovering around 113.176 level.

 

[Wilson80]

The 110.977 level looks a good place to buy with a low risk.