USD/JPY analysis

[arigoldman]

USD/JPY appears to be losing strength, i'm bearish for the next week.

 

[idimitrov]

The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD / JPY is trading at 113.38, losing 0.43%. I believe that support is now at 112.36, Monday's low, and resistance is likely to come in at 114.39, Thursday's high.

 

[deresel]

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

 

[deresel]

The US dollar fell against the basket of other major currencies on Friday after the publication of weak economic reports in the US on inflation and retail sales. Against the backdrop of these reports, the probability of an increase in the Fed's interest rate has declined.
The dollar rate fell to a minimum in two weeks against the yen. The pair USD / JPY fell 0.43% to 113.37. On Thursday, the dollar reached a two-month high against the yen 114.36.

 

[hasanalali]

USD/JPY Exit the channel D chart

 

[dianajs]

USD/JPY is at a critical support at 112.30. I think that if it breaks out below that support it will reach 111.20 - 111.00.

 

[vilvil]

TELETRADE SUPPORT
USD / JPY on 18/05/2017

Yesterday, the market formed a very strong downtrend and broke through a series of important barriers at 112.00-11.00. The downward pressure is beyond the expectation of most experts as the long-term chart still strongly supports the upward trend in medium to long term. The temporary bottom is set at 110.51 and the possibility of continuing to bottom is not feasible.

The W1-MN is a strong support for the long term uptrend so the sharp decline yesterday is not likely to affect the long term trend. The expectation of a rally as well as a fast upward move is considered the main trend of the day with the target of 112.00.

Resistance: 111.45 - 111.80 - 112.10
Support level: 110.75 - 110.50 - 110.30

 

[dianajs]

USD/JPY was in a free fall today. Yesterday I thought it would reach 111.00, today it fell to 110.20, at which point I opened a long position. I think it will rebound to 110.50 at least.

 

[idimitrov]

The dollar / yen had a strong bearish momentum yesterday, forming a bottom at 110.78 and hit 110.51 earlier this morning. The price fell back below the trend line, as shown in the four-hour chart, which suggests a downside scenario for a false breakthrough. The views are down for testing at 110.00. A clear breakthrough and daily closing below this level will open the doors to 108.13. The closest resistance is seen at 111.25, whose breakthrough can take the price to a neutral zone, but the longer the pair stays below 112.00, I prefer the scenario down in this phase.

 

[deresel]

The dollar collapsed against the yen on Wednesday. The US currency has completely lost the positions accumulated over the last few sessions. Thus the pair broke the two supports, respectively at 112.34 and 111.85. If the bearish sentiment continues in the future, the key level at 110.08 will be tested. Trading was open at a price of 113.10, while the bearish moods prevailed all the time. The bottom of the day was hit at 110.78, and the final was just two pips higher.

 

[deresel]

USD/JPY
Key levels to watch for:
Support: 112.34; 111.85; 110.08;
Resistance: 114.37; 115.51.

 

[idimitrov]

The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD / JPY was trading at 111.26, losing 0.20%. I believe that support is now at around 110.21, Thursday's low, and resistance is likely at 113.86, Monday's high.

 

[arigoldman]

USD/JPY posted some losses this week. Probably it will keep going down give the weakness of the US dollar.

 

[dianajs]

The pair is very range-bound and that range is getting tighter and tighter, but I think that once it ends it will keep dropping and first target will be at 110.20 - 110.00.

 

[Jason101]

The pair is very range-bound and that range is getting tighter and tighter, but I think that once it ends it will keep dropping and first target will be at 110.20 - 110.00.

I don't know which way it will go, but when it does I will be ready to pounce.
I wonder what it is waiting for?

 

[deresel]

The Japanese currency lost 48 pips against the dollar on Tuesday. The opening rate was 111.29, and for most of the day the currency pair moved around the first support at 111.20. In the early hours of the day a bottom was recorded at 110.85, and at night the course climbed to a peak of 111.85. The last quote for the day was 111.77.

 

[deresel]

USD/JPY
Key levels to watch for:
Support: 111.20; 109.63; 108.30;
Resistance: 112.00; 114.25.

 

[dianajs]

I expected a breakout to the downside but the pair rallied and even formed a new high at 112.12. The closest target is at 112.55, but I doubt the rally will end there.

 

[idimitrov]

The dollar / yen tried to rise up yesterday, making a peak at 112.12, but collapsed down and closed at 111.48 after touching the trend line. Expectations are bearish for testing 110.85. Immediate resistance is around 112.00 / 12, which remains a good zone for placing short positions with narrow stops. A clear breakthrough over should erase the downtrend. Downwards, a clear break and a daily closing below 110.85 will open the doors to 110.00.

 

[arigoldman]

Very volatile trading in the closing hours of the week. Expecting the volatility to continue in the start of the next one.