USD/JPY analysis

[dianajs]

USD/JPY has formed a shooting star bar on the H1 time frame at 113.25 so we might see some retracement, but I think the overall trend remains bullish.

 

[dianajs]

USD/JPY finally broke out above the last high at 113.46 and I think that next target will be at least 114.00 - 114.36.

 

[dianajs]

USD/JPY did find some resistance at 113.70. Considering the hanging man bar and the spinning top bar at that level there might be some retracement, but I still think the overall trend is bullish.

 

[dianajs]

USD/JPY just broke out above 113.70. I think that whether the rally will continue or not today depends on the NFP data, which will come out very soon.

 

[arigoldman]

Good breakout to the upside. Expecting more this week.

 

[LionelID]

The US dollar was up against the Japanese yen on Friday. By the close of US trading, USD/JPY was trading at 113.91, gaining 0.61%. I believe that support is now at the level of 111.92, Monday's low, and the resistance is likely at 114.18 - the maximum of Friday's trading.

 

[willissom1]

USDJPY

Entry Point: Buy at 113.36
Take Profit: 113.67
Stop Loss: 112.95
Date: 09-07-2017 Status: Close

 

[csc2009]

Good breakout to the upside. Expecting more this week.

I agree, strong bullish tone remains, I set my 1st target at 114.40.

 

[dianajs]

USD/JPY continues slowly rallying today and I too think it will reach 114.40 - 114.50.

 

[arigoldman]

USD/JPY is now slightly above 114. Resistance is expected at 114.35.

 

[marketwizard123]

USD/JPY is now slightly above 114. Resistance is expected at 114.35.

Guess you were right as its trying to drop away from that level again now: https://www.stock-trkr.co.uk/live-charts/forex/usd_jpy_live_chart

 

[csc2009]

The pair extended its upward trend, still holding strong bullish tone. I set my eyes on 115.00 zone.

 

[dianajs]

USD/JPY reached 114.50 as I thought it would, but I think that may be the end of the current rally. Next target is around 113.00 - 112.70.

 

[dianajs]

USD/JPY broke out below 113.00 and I think it will soon reach 112.70. The next target below that is at 112.00 - 111.80.

 

[willissom1]

USDJPY

Entry Point: Sell at 113.38
Take Profit: 113.07
Stop Loss: 113.79

Date: 12-07-2017

 

[Jenny FX]

On Thursday, the yen lost 11 pips of its asset. The day was opened at 113.16, and the top of the day was recorded in the first trading hours at 113.52. Bearing players recorded a bottom at 112.85. And for the last one dollar was worth 113.27 yen.

 

[Jenny FX]

USD/JPY
Key levels to watch for:
Support: 112.75; 111.20; 109.63;
Resistance: 114.50; 115.50;

 

[LionelID]

The dollar / yen tried to lower yesterday, making a bottom at 112.85, but closed higher at 113.28 and hit 113.57 earlier today. We have an upward pin bar near the 112.75 support, as can be seen on the daily chart, which suggests that the price is likely to be up for the upward rally after adjusting down from 114.50 on Tuesday. Traffic signals are bullish for testing at 114.00 - 114.50. On the downside, a clear break and a daily closing below 112.75 will activate my neutral model with short-term downside views.

 

[LionelID]

The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD/JPY was trading at 112.54, losing 0.65%. I believe that support is now at 112.28, the low of Friday's trading, and resistance is likely at 114.51 - Tuesday's high.

 

[willissom1]

USDJPY Performance

Entry Point: Sell at 113.02
Take Profit: 112.71
Stop Loss: 113.43