USD/JPY analysis

This is a discussion on USD/JPY analysis within the Forex forums, part of the Markets category; The USDJPY is around the 105.41 level, but it may continue towards the 107.00 level. To the downside, the 104.00 ...

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Old Jul 18, 2016, 4:36am   #16
Joined Apr 2014
Usdjpy

The USDJPY is around the 105.41 level, but it may continue towards the 107.00 level. To the downside, the 104.00 may act as support.
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Old Jul 19, 2016, 11:10am   #17
Joined Oct 2014
Bearish on this.
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Old Jul 21, 2016, 9:59am   #18
Joined Dec 2015
The pair is moving to the downside and I doubt that drop will end before USD/JPY reaches 105.30, or it might even reach 104.60, which is (EMA)89 on the four-hour time frame.
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Old Jul 24, 2016, 2:55pm   #19
Joined Oct 2014
Bearish on the pair.
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Old Jul 25, 2016, 11:36am   #20
Joined Nov 2015
There were high expectations that the Bank of Japan will expand monetary stimulus. According to some forecasts the regulator will emerge fiscal stimulus, but the Bank of Japan will prefer to wait and study the special budget plan to be drawn up in the coming weeks.
If the expansion of monetary stimulus occurs, it will give direct support for banks. The bank at this stage see a number of obstacles and I doubt that there will be something soon.
Since the Bank of Japan may disappoint the markets, we should be cautious in terms of sales of USD/JPY, as a fiscal stimulus should support the pair.
Ideally, decline to 104.00-50 yen would be an excellent opportunity for opening long positions.
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Old Jul 25, 2016, 12:37pm   #21
Joined Jun 2006
I am looking to short this pair....10680 with 45pips stop loss...target? Lows we seen this month which will be achieved next month?
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Old Jul 26, 2016, 7:31am   #22
Joined Nov 2013
This morning at around one am on my IG demo account I observed a "downward triangle breakout" where the price came back up to the bottom of the triangle and "kissed it" (now as a line of resistance). I took this as a sell signal and made a tidy 80 [demo :-( ] pips in about half an hour.

Do people think USD/JPY is destined for further downward movement over the next few days?
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Old Jul 27, 2016, 1:10pm   #23
Joined Jun 2006
Uncertain times and with some much volatility and spikes; anything could happen - We are trying to trade the immediate trend...
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Old Jul 28, 2016, 10:21pm   #24
Joined Nov 2015
The high degree of uncertainty around JPY indicate active currency fluctuations during yesterday's trading. Rising yen potential looks more limited than reduction perspectives, but all will depend on the decision of the Bank of Japan tomorrow.
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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
Joined Nov 2015
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
Joined Apr 2016
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
Joined Oct 2014
USD/JPY higher after upbeat US data.
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