USD/JPY
Dec 22, 2016 at 22:53
USD/JPY erased positions yesterday, which devalued the dollar by 29 pips to 117.54. Trading took place within the extreme values at 118.06 and 117.10. The price continues to consolidate above the low averages and RSI retreated moderately. The current range implies a likely bullish continuation, but a breakthrough of 116.15 will contribute to negative attitudes.
Dec 23, 2016 at 23:08
The US dollar was down against the Japanese Yen on Friday. By the end of the American session USD/JPY is trading at 117.34, shedding 0.18%. I believe that the support is now located at around 116.52, Monday's low, and resistance is likely at the level of 118.28 - the maximum of Tuesday.
Mitglied seit Oct 02, 2014
909 Posts
Dec 24, 2016 at 13:01
Expecting a move down.
Positivity
Dec 25, 2016 at 07:49
USD/JPY is heading down fast to a major support level at 117.10 breaking the short term supports at 117.46 and 117.59. MACD is close to its zero line and we see strong bearish momentum. Crossing 117.10 level will put the pair into strong support range with a bottom at 116.53.
Need for speed!
Mitglied seit Sep 28, 2015
34 Posts
Dec 25, 2016 at 17:11
Dollar demand eases at this year end. After 118.66 USD/JPY was attempting some of upside swings and none of them of valid enough nor convincing yet which indicates the retreating of its previous upside momentum. It could head up if support at 107.07 , 107.10 & 107. 14 holding . Beyond this support is 116.50 .
For trend resumption it must exceed 118.66 and further correction below if lower than 116.50.
For trend resumption it must exceed 118.66 and further correction below if lower than 116.50.
Mitglied seit Oct 02, 2014
909 Posts
Dec 31, 2016 at 16:27
Bearish for the week.
Positivity
Mitglied seit Oct 11, 2013
775 Posts
Jan 04, 2017 at 01:08
On the daily chart of the USDJPY there seems to have formed a double top formation on the 118.64 zone. But a breakout of that level could take the pair to the 119.00 level.
Jan 05, 2017 at 21:12
The dollar recorded another volatile session against the yen on Wednesday. Ultimately the trading ended in favor of Asian currency. If the bear trend continued to dominate the pair will break through support at 116.50 soon. The session on Wednesday launched the price at 117.73, and the finish line was crossed at a rate of 117.22. The difference between the highest and lowest value for the day was 113 pips.
