USD/JPY 1hr 4hr Long Entry

This is a discussion on USD/JPY 1hr 4hr Long Entry within the Forex forums, part of the Markets category; The dollar recorded another volatile session against the yen on Wednesday. Ultimately the trading ended in favor of Asian currency. ...

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Old Jan 5, 2017, 10:11pm   #153
Joined Nov 2015
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.
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Old Jan 5, 2017, 10:17pm   #154
Joined Nov 2015
Key levels to watch for:
Support: 115.67;
Resistance: 118.60.
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Old Jan 6, 2017, 7:18pm   #155
Joined Dec 2015
The pair rebounded from 115.00, I think next target is around 118.00 - 118.20, especially if it breaks out above 117.00.
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Old Jan 6, 2017, 10:37pm   #156
Joined Apr 2016
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.
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Old Jan 7, 2017, 3:43pm   #157
Joined Oct 2014
Bearish on the pair.
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Old Jan 10, 2017, 7:15pm   #158
Joined Dec 2015
USD/JPY has formed a double bottom above 115.25, I think the pair will climb again towards 116.00 - 116.20
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Old Jan 11, 2017, 3:03pm   #159
Joined Dec 2015
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.
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Old Jan 13, 2017, 12:09pm   #160
Joined Dec 2015
The pair is consolidating for the moment, but I think it will drop to 114.00 once it breaks below 114.60.
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