USD/JPY
Feb 17, 2017 at 13:15
BaldoN posted:
Hello,
USD/JPY - it looks forming continuation model on 1H chart. If the price brakes down and confirms, then bears may push the pair down to 112.50/60.
Considering how bearish the pair is I have almost no doubts that it will reach 112.50. In fact, I think it will break out below that level and eventually reach 111.60.
Feb 18, 2017 at 11:45
The US dollar was down against the Japanese Yen on Friday. By the closing of the American session USD/JPY was trading at 112.84, shedding 0.36%. I believe that the support is now located at the level of 112.62, the low of Friday's trading, and resistance is likely at the level of 114.97 - the maximum of Wednesday.
Member Since Oct 02, 2014
909 posts
Feb 19, 2017 at 09:44
USD/JPY moved down to 112.79 on talks between President Trump and PM Abe. Price is expected to continue sideways until fundamentals or technicals play a role.
Positivity
Member Since Jul 27, 2016
21 posts
Feb 21, 2017 at 08:28
My target is 115.7
Re-Writing The Art Of Trading
Feb 21, 2017 at 10:40
Dollar/yen had a bullish momentum earlier today, hitting 113.70. Trade signals are up for testing 114.00/30 in the near future. But overall I still prefer a bearish scenario at this phase and any upward pressure should be seen as a good opportunity to short positions. The nearest support is at 113.35. A clear break below that area could lead price to neutral trading zone testing 112.65.
Feb 21, 2017 at 15:33
The USDJPY had a bullish momentum earlier today in Asian session hit 113.69. The bias is bullish in nearest term testing 114.00/30 area but overall I still prefer a bearish scenario at this phase and any upside pullback should be seen as a good opportunity to sell. Immediate support is seen around 113.35. A clear break below that area could lead price to neutral zone in nearest term testing 112.65 area.
Top Forex Robot
Member Since Oct 02, 2014
909 posts
Feb 24, 2017 at 11:20
USD/JPY is now higher currently trading at 112.37. The week was somehow beneficial for the USD, interesting to see what the next one brings!
Positivity
Feb 24, 2017 at 17:45
The dollar recorded a second consecutive loss against the yen on Thursday. The US currency continued the negative trend from the previous session and reached the lowest level for this week. However, the pair is trading above support at 115.56. The launch on Thursday was given at a price of 113.29 by early trend was neutral. Around noon bearish sentiment prevailed and currencies hit bottom at 112.54. The finale was put 6 pips higher.
