Edit Your Comment
USD/JPY
Apr 28, 2017 at 11:10
Member Since Mar 23, 2017
36 posts
The JPY bulls maintain following a slew of blended Japanese monetary information released last hour, fuelling fresh supply in USD/JPY, in an attempt to cap the restoration once again near 111.35 levels.
The spot caught a fresh bid tone last hour, in reaction to the extension of wide USD, with the USD index now breaking higher above 99 handle. Markets appeared beyond yesterday’s downbeat US dataflow, as awareness shifts towards the much-awaited US increase Q1 GDP document and revised customer sentiment records, so as to wrap up an eventful week.
Technical Levels to watch:
A break above 111.60 (Apr 27high) would expose 111.78 (4-week tops) and 112 (round figure). On the other hand, a breach of support at 111 (key support) could yield a test of 110.88 (5-DMA) and 110.01/00 (10-DMA/ zero figure).
To know our latest recommendation or forex tips along with stop loss and target price visit www.mmfsolutions.sg
The spot caught a fresh bid tone last hour, in reaction to the extension of wide USD, with the USD index now breaking higher above 99 handle. Markets appeared beyond yesterday’s downbeat US dataflow, as awareness shifts towards the much-awaited US increase Q1 GDP document and revised customer sentiment records, so as to wrap up an eventful week.
Technical Levels to watch:
A break above 111.60 (Apr 27high) would expose 111.78 (4-week tops) and 112 (round figure). On the other hand, a breach of support at 111 (key support) could yield a test of 110.88 (5-DMA) and 110.01/00 (10-DMA/ zero figure).
To know our latest recommendation or forex tips along with stop loss and target price visit www.mmfsolutions.sg
Member Since Oct 02, 2014
909 posts
May 02, 2017 at 04:00
Member Since Dec 31, 2014
94 posts
The USDJPY continued its bullish momentum yesterday topped at 111.92 and hit 111.97 earlier today in Asian session. The bias remains bullish in nearest term testing 112.20 area. Immediate support is seen around 111.45. A clear break below that area could lead price to neutral zone in nearest term testing 110.85 but overall price is still in a bullish phase and any downside pullback should be seen as a good opportunity to buy. On the upside, a clear break and daily close above 112.20 would expose 112.85 – 113.50 region.
Top Forex Robot
forex_trader_338100
Member Since Jun 21, 2016
898 posts
May 02, 2017 at 14:20
Member Since Jun 21, 2016
898 posts
USDJPY is gaining 0.37% at 112.25 and a surpass of 112.68 (61.8% Fibo of the March-April drop) would expose 113.36 (100-day sma) and finally 113.56 (high Mar.16). On the other hand, the next support aligns at 111.81 (50% Fibo of 115.51-108.11) followed by 111.18 (low May 1) and then 110.85 (low Apr.26).
May 03, 2017 at 08:41
Member Since Dec 31, 2014
94 posts
The USDJPY attempted to push higher yesterday topped at 112.30 but closed a little bit lower at 112.00. The bias remains bullish in nearest term but we need a consistent move above 112.20 to continue the bullish scenario testing 112.90 region as a part of the bullish phase after broke above the trend line resistance as you can see on my H1 chart below. Immediate support is seen around 111.75. A clear break below that area could lead price to neutral zone in nearest term testing 111.45 – 110.85 support area which is a good place to buy.
Top Forex Robot
Member Since Oct 02, 2014
909 posts
May 07, 2017 at 21:20
Member Since Apr 09, 2016
421 posts
The US dollar was up against the Japanese yen on Friday. By the close of US trading, USD/JPY was trading at 112.72, gaining 0.22%.
I believe that support is now at 111.18, Monday's low, and resistance is likely at 113.05 - Thursday's high.
I believe that support is now at 111.18, Monday's low, and resistance is likely at 113.05 - Thursday's high.
May 08, 2017 at 00:06
Member Since Nov 16, 2015
708 posts
The dollar rose against the yen on Friday: the pair USD / JPY rose by 0.22% to 112.71 close to the seven-week high of Thursday - 113.04 after a good NFP report. Still, the dollar remains under pressure and, in my opinion, a decline from recent levels is seen - 108.50, followed by 106 levels.
*Commercial use and spam will not be tolerated, and may result in account termination.
Tip: Posting an image/youtube url will automatically embed it in your post!
Tip: Type the @ sign to auto complete a username participating in this discussion.