USD/JPY analysis

[dianajs]

The pair is stuck in a tight range, I think if it breaks out above 117.75 it will reach 118.00 - 118.10.

 

[idimitrov]

USD/JPY erased positions yesterday, which devalued the dollar by 29 pips to 117.54. Trading took place within the extreme values at 118.06 and 117.10. The price continues to consolidate above the low averages and RSI retreated moderately. The current range implies a likely bullish continuation, but a breakthrough of 116.15 will contribute to negative attitudes.

 

[idimitrov]

The US dollar was down against the Japanese Yen on Friday. By the end of the American session USD/JPY is trading at 117.34, shedding 0.18%. I believe that the support is now located at around 116.52, Monday's low, and resistance is likely at the level of 118.28 - the maximum of Tuesday.

 

[csc2009]

The pair is moving towards 117.00 psychological resistance level, sideway trading might be expected within the range between 117.80 to 117.10 next week.

 

[dianajs]

The pair is consolidating above 117.00 and I think it will continue trading flat until the end of the year.

 

[dianajs]

USD/JPY moved to the downside after a false breakout above the triangle pattern that was forming on the 4H time frame. I think next target is 116.00.

 

[TheRumpledOne]

Trading the H4 and D1 breakouts in the direction of the H1 candle works for me.

 

[idimitrov]

Dollar drops in the end of New Year in a weakened trade.
Against the yen, the dollar fell about 0.7% to 116.41, retreating from the 10.5-month high of 118.65 reached last week.

 

[deresel]

Key levels to watch for:
Support: 115.85; 114.89;
Resistance: 117.86; 118.66.

 

[deresel]

USD/JPY - buy at 116.41

• Stop: 115.85
• Limit: 118.25
• Time frame: 7 days

 

[csc2009]

With downside limited above 116.00 level and lack of fundamental news, the pair would probably keep ranging, immediate resistance level can be found around 117.20 zone.

 

[dianajs]

I have a long on this pair. It broke above 117.80 and I think next target will be the previous high at 118.66.

 

[deresel]

The dollar recorded another volatile session against the yen on Wednesday. Ultimately the trading ended in favor of Asian currency. If the bear trend continued to dominate the pair will break through support at 116.50 soon. The session on Wednesday launched the price at 117.73, and the finish line was crossed at a rate of 117.22. The difference between the highest and lowest value for the day was 113 pips.

 

[deresel]

Key levels to watch for:
Support: 115.67;
Resistance: 118.60.

 

[dianajs]

The pair rebounded from 115.00, I think next target is around 118.00 - 118.20, especially if it breaks out above 117.00.

 

[idimitrov]

The dollar tumbled against the yen on Thursday. The US currency lost significant positions, reaching levels since early December 2016. This month the couple broke two supports at 116.50 and 115.67. It is expected that soon the dollar to recover some of the losses accumulated. The session on Thursday started at a price of 117.22, and the final v aluewas 191 pips lower. Bottom of the day was struck at 115.21.

 

[arigoldman]

Bearish on the pair.

 

[dianajs]

USD/JPY has formed a double bottom above 115.25, I think the pair will climb again towards 116.00 - 116.20

 

[dianajs]

The pair formed a doji bar at the resistance at 116.46 on the 30M time frame and rebounded from that level. I think next target is 115.80.

 

[dianajs]

The pair is consolidating for the moment, but I think it will drop to 114.00 once it breaks below 114.60.