USD/JPY analysis

[idimitrov]

The US dollar recorded a significant increase against the Japanese yen Thursday. The session started at 109.55 and the dollar added 136 pips. Daytime extreme values ​​were reached at 109.26 and 110.97, respectively. If the direction goes up we can expect a resistance test at 110.00 levels.

 

[deresel]

The dollar / yen made a strong upward movement yesterday with a peak of 110.97 and hit 111.26 earlier this morning. The price breaks above the resistance trend line, as you can see in the four-hour chart, which should cancel out the downside. I'm still not in the Bulls camp, but short-term alerts are bullish with targets in the 111.70 - 112.15 area. The closest support is at 110.80. A clear break below it could take the price to a neutral trading area, but only a clear break below 110.35 will halt the current short-term bullish prospects.

 

[deresel]

USD/JPY
Key levels to watch for:
Support: 109.50; 108.40;
Resistance: 111.00; 114.00; 115.40.

 

[idimitrov]

The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD/JPY was trading at 110.91, losing 0.02%. I believe that support is now at around 108.81, the minimum of Wednesday, and the resistance is likely at 111.42, the high of Friday's trading.

 

[csc2009]

The pair is trading in a tight range around 110.85 level, resistance level can be located at 111.00 and on the downside support level at 110.64.

 

[dianajs]

I think it may start rallying again this week, especially considering the bars on the weekly time frame - a doji and a hammer one, both above 108.50.

 

[deresel]

The dollar-yen currency pair recorded a volatile session, with a modest 9-point victory for the Japanese currency. The day was opened at 111.52, and the last day's quote remained at 111.43. Breakthroughs at key levels were not reached, and the daily extreme values ​​were respectively 111.30 and 111.78.

 

[deresel]

USD/JPY
Key levels to watch for:
Support: 111.20; 109.63; 108.30;
Resistance: 112.75; 114.50.

 

[idimitrov]

Another volatile session recorded the dollar-yen currency pair, with the 7 pips advantage for the Japanese currency. The day was opened at 111.44, and the last quote for the day stood at 111.37. Shortly during the day the course was under the support at 111.20, but the bears did not keep it there. Extreme values ​​for the day were 111.06 and 111.72 respectively.

 

[arigoldman]

USD/JPY went up last week, interesting to see if the momentum could keep up.

 

[csc2009]

The pair remains lack of directional strength around 111.25, upside strong resistance can be found at 111.75 and on the downside round number 111.00 could act as psychological level.

 

[dianajs]

I think USD/JPY will soon reach the last local high 111.78. The next closest target of the rally is around 112.15 - 112.20, in my opinion.

 

[deresel]

The US dollar marked an increase against the Japanese yen on Monday. The session started at 111.23 and ended at 111.85. Daytime extreme values ​​were reached at 111.12 and 111.94, respectively. If the direction of movement continues to move upward, we can expect an attempt to test the resistance at 114.00.

 

[deresel]

USD/JPY
Key levels to watch for:
Support: 111.00; 109.50; 108.40;
Resistance: 114.00; 115.40.

 

[dianajs]

There is a pullback from 112.45 and I think USD/JPY could retrace to 111.70 - 111.60 in the near future.

 

[arigoldman]

USD/JPY is not really participating in the volatile environment today. Pair keeps trading around 112.10.

 

[dianajs]

USD/JPY continues rallying. I think it will reach 113.00 as a first target in the foreseeable future.

 

[csc2009]

USD/JPY continues rallying. I think it will reach 113.00 as a first target in the foreseeable future.

I agree, the initial gap has been recovered, 113.00 will be critical resistance level.

 

[dianajs]

USD/JPY reached a high of 112.94. I think that if it breaks out above 113.00 we could see it reach 114.35.

 

[vilvil]

TELETRADE DISSCUSION
EUR / JPY on 04/07
The market is showing signs of recovery after another important challenge again at D1. The failure of two consecutive and the third in recent days shows that the selling pressure has drastically reduced and the opportunity for the market to increase sharply is very positive. I personally think EJ along with UJ will continue to show upward tendencies tonight and even tomorrow.
The price adjustment has ended and EJ is forecasted to increase sharply this week. In general, prices have ended the short cycle and next time will be the beginning of a long cycle. Target expectations are at 129.20 - 129.30.
Resistance: 128.75 - 129.00 - 129.35
Support levels: 128.05 - 127.80 - 127.65