USDJPY Technical Levels

[AngieB]

The Japanese bulls continue to gain positive traction and USD/JPY hit a multi month low at 105.54 today. Although the short term outlook remains bearish according to indicators on the H4, the price bounced just ahead of US opening, having a patch of macro releases to define the further movement.

 

[izzy_63]

Usd/Jpy is consolidating on the downside and found support at 105.50, while bears remain strong.

 

[AngieB]

USD/JPY remains bearsih although the pair bounced from Friday’s low. The price is yet below its moving averages and indicators are hovering around their mid-lines with no clear direction. First resistance is seen at 106.85 while immediate support comes with 106.10.

 

[AngieB]

USD/JPY retreated from the weekly high at 107.90 where the bulls faced strong resistance. The pair resumed the bearish trend and now is aiming 107.30.

 

[fxstrategist]

The USDJPY drops back down as the Dollar loses its bullish momentum and risk aversion comes back into the markets.

 

[izzy_63]

The risk remains on the downside, immediate support can be found around 106.50, break below would open up to the downside.

 

[AngieB]

USD/JPY recovered from the daily low at 106.37 and now nailed the 107.00 handle. According to the indicators on the four hour time frame the short term outlook is bullish with first target 107.30.

 

[AngieB]

USD/JPY continues to be range bounded and is lacking directional stength. The strong US dollar now keeps the pair above the 107.00 level but bull can't fing enogh power to move beyond 107.30.

 

[AngieB]

USD/JPY is hovering around the session highs, few pips below 107.00. The US macro agenda for today support the US bulls, so I expect at test of the kep resistance at 107.30.

 

[AngieB]

USD/JPY continues to fall and nears the critical 105.00 level, which if broken would open doors for testing the support at 104.13.