USD/JPY
Member Since Dec 10, 2017
210 posts
May 30, 2018 at 08:04
The dollar/yen continued its downward movement yesterday, sliding under the significant support of 108.50 and now fighting around it. Expectations remain for down. In my view, an acceptable strategy now (due to the good risk-return ratio) is for purchases of around 108.50 with narrow stops of loss below 108.10 and targets of at least 100 or 150 pips. Downwards, a clear break and daily closure below 108.10 will clear the road to 107.50/00 or lower. The first resistance is at 108.85, whose breakthrough can take the price to a neutral zone. Only a clear break above 110.00 will, however, interrupt short-term downside signals after the pin on the daily chart.
May 30, 2018 at 08:50
The US dollar recorded a decline against the Japanese yen. The session started at 109.40 closing for the day at 108.76. The dollar continued its downward trend reaching a one-week decline of 108.10, successfully breaking the support at 109.13 and 108.54. In case of breakthrough of the support at 108.54, we would expect a test of 107.88.
Member Since Oct 02, 2014
909 posts
Jun 01, 2018 at 11:31
The USD/JPY pair reached a high of 109.30 and is now trading very close to it. The pair might concentrate around this level until the announcement of the latest NFPs and jobs data scheduled to be released in less than an hour.
Positivity
Member Since Oct 02, 2014
909 posts
Jun 01, 2018 at 17:28
The Yen has been depreciating, I think the USD could reach 111.00 before long.
Positivity
Jun 04, 2018 at 05:59
Intraday Elliottwave Analysis: USDJPY, re-test 110.44/87?
USDJPY closed above upper bands after NFP.
Long term trend still point up.
There are various possible Elliottwave count results from current levels.
Holding above the lower bands, further upside toward 110.44/87 could not be ruled out.
USDJPY closed above upper bands after NFP.
Long term trend still point up.
There are various possible Elliottwave count results from current levels.
Holding above the lower bands, further upside toward 110.44/87 could not be ruled out.
Attachments:
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forex_trader_528040
Member Since Jun 05, 2018
13 posts
Jun 06, 2018 at 08:36
I was bearish on this, projecting 106. However, I think we will see further upside first before any breakdown. My two cents. I will start looking for shorts when we crack 111.
forex_trader_528040
Member Since Jun 05, 2018
13 posts
Jun 06, 2018 at 08:36
It is true that USD/JPY bulls looks exhausted; but they are still capable of spurts and slow grinds up.
Member Since Dec 10, 2017
210 posts
Jun 08, 2018 at 16:09
The US dollar recorded a decline against the Japanese yen on Thursday. Session started at 110.17 and the price managed to break the first support at 109.90. Eventually the pair finished at 109.69 and if the bearish trend continues, we can expect a test of the next support at 107.65.
Member Since Oct 02, 2014
909 posts
Jun 08, 2018 at 17:32
The pair looks bearish, i think it might break to the downside next week.
Positivity
Jun 13, 2018 at 17:47
The USD/JPY is trading around 110.40, not much changed for the day and below the daily high. According to the indicators ont he four hour time frame the upside remains favored despite the lack of stong bullish momentum. The pair is situated above the 61.8% Fibo and the 100-day and 200-day SMAs.
