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 US dollar was down against the Japanese Yen on Friday. At the closing of trading session EUR USD / ...

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Old Jul 30, 2016, 1:44pm   #25
Joined Apr 2016
The US dollar was down against the Japanese Yen on Friday. At the closing of trading session EUR USD / JPY has traded at 102.03, shedding 3.08%. I believe that the support is now located at the level of 101.97, the low of Friday's trading, and resistance is likely at level of 106.73 - a maximum of Monday.
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Old Aug 3, 2016, 10:17am   #26
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The dollar recorded a losing session against the yen on Tuesday. The US currency continued the negative trend from last week and lost further ground against the yen. As a result, the support at 101.37 was pierced, and if bearish sentiment continues in the future, the pair will test the level at 98.36. The session started at a price of 102.38, the dollar lost 150 pips to the end of the session. Bottom of the day was struck at 100.68.
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Old Aug 3, 2016, 10:29am   #27
Joined Nov 2015
Key levels to watch for today:
Support: 101.37; 98.36;
Resistance: 106.02; 107.48.
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Old Aug 3, 2016, 10:34am   #28
Joined Apr 2016
As expected, the dollar/yen continued its bearish momentum yesterday, bottomed at 100.67. Trading signals remain down to test 100.00. A clear break and daily close below that area could trigger further bearish pressure testing to 98.80. Resistance for the day is 101.50. A clear break above that area could lead price to neutral zone testing 102.00 but overall I still prefer a bearish scenario.
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Old Aug 3, 2016, 6:21pm   #29
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On the 4-hour chart 50-SMA and the 100-SMA show a bearish crossover, and the price moves sufficiently below them and the downward trend line on the daily chart. Oscillator MACD also moves below both its zero and trigger lines suggest strong bearish momentum of prices for the next few hours. In addition, the RSI is oversold, suggesting recent bearish price sentiment. A successful attempt to pass below 100.70 opens the way to a strong support level at 100.00 and then to barrier 99.00.
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Old Aug 6, 2016, 12:49pm   #30
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USD/JPY higher after upbeat US data.
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Old Aug 14, 2016, 9:01am   #31
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The US dollar was down against the Japanese Yen on Friday. By the end of trading session USD/JPY was traded at 101.27, shedding 0.68%. I believe that the support is now located at the level of 100.85, the low of Friday's trading, and resistance is likely to be at the level of 102.67 - a maximum of Monday.
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Old Aug 14, 2016, 1:33pm   #32
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Bearish on this pair.
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