USD/JPY analysis

This is a discussion on USD/JPY analysis within the Forex forums, part of the Markets category; Key levels to watch for: Support: 112.90; 110.90; Resistance: 114.30; 115.40;...

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Old Nov 8, 2017, 10:43am   #513
Joined Jul 2017
Key levels to watch for:
Support: 112.90; 110.90;
Resistance: 114.30; 115.40;
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Old Nov 8, 2017, 12:47pm   #514
Joined Jun 2017
Quote:
Originally Posted by Jenny FX View Post
Key levels to watch for:
Support: 112.90; 110.90;
Resistance: 114.30; 115.40;
Interesting forecast!
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Old Nov 8, 2017, 12:47pm   #515
Joined Jun 2017
The dollar/yen continued its inertia up yesterday, reaching a peak of 114.34, but closed lower at 113.97 and hit 113.63 earlier today. The views remain down for testing at 113.20 as part of the scroll down pin scenario, as you can see on the daily chart. Clear break and daily closing below this level will open the doors to 112.25 - 111.65. The first resistance is at 114.00, but the key level remains 114.50, which is a good place for short positions with narrow stops to the loss.
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Old Nov 8, 2017, 2:24pm   #516
Joined Oct 2014
It looks weak on the short-term but it might catch up pretty quick.
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Old Nov 8, 2017, 2:50pm   #517
Joined Dec 2015
USD/JPY dropped below 113.60 and I think this is the end of the range for the moment. I have shorted and my target is set at 113.00.
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Old Nov 10, 2017, 2:29pm   #518
Joined Oct 2014
The pair looks like it will go higher.
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Old Nov 13, 2017, 5:36am   #519
Joined Apr 2014
Usd/Jpy is sideway trading and showing no clear directional strength, immediate resistance can be seen at 114.00.
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Old Nov 13, 2017, 11:54am   #520
Joined Dec 2015
USD/JPY has almost reached 113.00 and I think that if it drops below that level it could continue depreciating to 112.00 or even to 111.65.
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