USD/JPY analysis

[fxstrategist]

Usdjpy

The USDJPY bounces once again to the upside from the 109.00 level. A breakdown of the 109.00 level could really accelerate the bearish momentum due to the fact that the pressure has been building a lot at that zone.

 

[dianajs]

USD/JPY is testing the resistance of the range it is developing in at 109.80. Depending on the news a possible breakout could lead to a rally to 110.90 - 111.00.

 

[arigoldman]

Very narrow trading this week. Hopefully a direction will be formed in the next one.

 

[csc2009]

Very narrow trading this week. Hopefully a direction will be formed in the next one.

True, the pair remains in the negative territory while continue showing no clear directional strength.

 

[dianajs]

True, the pair remains in the negative territory while continue showing no clear directional strength.

The news didn't cause the breakout I was expecting, but the pair did form a bullish spinning top bar on the W1 time frame at 108.60 so we might see a new move to the upside.

 

[dianajs]

USD/JPY broke out below 108.60 after all. The pair continues depreciating and I think it will soon reach 108.00.

 

[dianajs]

USD/JPY rebounded from 110.25 and is rallying to the upside. I think the closest target is at 111.00. If it breaks out above that level, however, the rally could accelerate.

 

[dianajs]

USD/JPY pulled back from 110.66, but the move to the upside may be renewed. That will depend on the NFP data that will be announced in less than two hours.

 

[arigoldman]

Good move this week, interesting to see what the next one brings. I'm expecting a move down.

 

[csc2009]

North Korea weighed in, the pair has a big gap down.

 

[dianajs]

North Korea weighed in, the pair has a big gap down.

USD/JPY is range-bound below the gap but I think it may recover it in the following days.

 

[dianajs]

Not only is USD/JPY not recovering the gap - so far at least - but it is still slowly depreciating. I think next target will be at 109.00.

 

[dianajs]

The USD/JPY depreciation accelerated yesterday and the pair broke out below 109.00. I think that next target will be the local low at 108.26.

 

[arigoldman]

Neutral at the moment. I'm waiting at the sideline to enter long.

 

[Marc Joan]

The usd/jpy is going down right now (09/07/2017)

 

[csc2009]

React on North Korea did not launch any missile on the weekend, Usd/Jpy has a gap up in H4 chart.

 

[arigoldman]

Undecided at the moment, what are you thoughts, guys?

 

[dianajs]

USD/JPY is very bullish at the moment and I think it will rally back to 109.90 - 110.00. If it breaks out above that resistance zone it may reach 110.60.

 

[dianajs]

USD/JPY did reach 110.60 and formed a high at 110.73. I think if it breaks out above that level it will keep rallying to 111.00 or even to 112.00.

 

[dianajs]

USD/JPY reached and then broke out above 111.00. The trend is so bullish I have little doubt it will soon reach 112.00.