USD/JPY analysis

[arigoldman]

Good rally for the pair.

 

[idimitrov]

The US dollar was down against the Japanese Yen on Friday. By the close of US trading USD/JPY was trading at 106.68, shedding 0.14%. I believe that the support is now located at around 101.15, Wednesday's low and resistance is likely at the level of 106,95 - the maximum of Thursday.

 

[csc2009]

The pair advance beyond 107.40 level, I'm expecting more gain this week, next target will be at 108.00.

 

[deresel]

After four days of climbing on Friday the pair stuck in a range, bringing weekly gains. USD/JPY traded between 106.03 and 106.92, but ultimately added 7 pips to 106.72. Currently the pair maintains its upward trend. Attitudes remain positive as break of 106.00 is possible to take the price to its average value.

 

[deresel]

Key levels to watch for:
Support: 106.95, 106.00; 104.65; 103.15;
Resistance: 107.40; 109.20.

 

[idimitrov]

Dollar / Yen tried to lower over the past week, formed a bottom at 101.18, but then picked up and closed at 106.72 hitting 107.68 earlier this morning. The outlook is bullish for a test of 108.00. A clear break and daily close above 107.50 will open the door to 109.00 by changing the basic technical outlook from neutral to bullish medium-term and short-term signals. Immediate support is seen at 106.85 whose breakthrough could lead price to neutral trading zone testing 106.25 / 00.

 

[idimitrov]

The pair continued its upward direction on Monday, recording its strongest session since early July amid a positive day for the dollar overall. USD/JPY climbed by 156 pips to 108.40. The daily limit values ​​were reached respectively at 108.53 and 106.73. Moving averages crossed upward, confirming the positive trend. Bulls remain in a leading position as an adjustment should renew their interest.

 

[arigoldman]

Got stopped out...

 

[csc2009]

The pair is still holding a strong bullish tone, Usd/Jpy set eyes on 111.00 level, my next target is at 111.45.

 

[dianajs]

There is a breakout below the support trendline of the overall bullish trend that has been forming in the past two weeks as well as a RSI divergence on the 4H time frame. I already have a short position, because I think there will be a major correction to the downside and the first target will be around 109.50.

 

[idimitrov]

The US dollar rose against the Japanese Yen on Friday. By the end of the Asian session USD/JPY was trading at 113.72, gaining 0.32%. I believe that the support is now located at around 110.23, Tuesday's low, and resistance is likely at the level of 113.73 - the maximum of today's trading.

 

[deresel]

The dollar registered a slight rise against the yen on Thursday. The US currency continued the positive momentum from Wednesday, but a break of key levels was not reached. If the bulls continue to dominate, the resistance at 113.82 will be overcome soon. The session started at 112.48, as the uptrend prevailed throughout. The maximum of the day was reached at 113.52 and the final valua was 23 pips lower.

 

[deresel]

Key levels to watch for:
Support: 109.19; 108.52;
Resistance: 113.82; 114.45.

 

[idimitrov]

USD/JPY - long position at 112.79
• Stop: 111.03
• Limit: 115.86
• Time: 6 days

 

[forker]

You'll be better off waiting for a deeper pullback to get long

 

[arigoldman]

What a move this past week... probably a correction is ahead.

 

[csc2009]

Given the pair's sharp u-turn from 114, showing the chance of correction pull back, but the combination of Dollar strength and Yen weakness could still encourage further incline.

 

[dianajs]

I opened a long position at 112.00, but I think I will close it once it reaches 112.80.

 

[idimitrov]

Dollar / Yen attempted to push higher yesterday, formed a peak of 113.33 but closed lower at 112.38. The bias is neutral, possibly with slight bearish signals for testing the 111.50 support. A clear break and daily close below 111.50 could open a way for the Bears down to near 110.00. Intraday resistance at 112.80 whose breach could trigger further bullish pressure testing 113.30. Overall I remain in the camp of the bulls, but I need a clear break and consistent move at least above 112.80 - 113.30 for continuing the bullish scenario.

 

[dianajs]

There is a shooting star bar on the 4H time frame at the resistance at 114.80. However, considering how bullish this pair is I am not sure how valid of a signal it is. I wouldn't short here.