USDJPY Technical Levels

[AngieB]

USD/JPY dropped today to 112.42. Indicators on H4 are showing oversold conditions and lack of directional stregth. Below today low the pair is likely to retest 112.00.

 

[izzy_63]

There would be possible correction movement because of oversold conditions, but selling interest remains, I'm looking at 110.00 level.

 

[AngieB]

Once breaking the 110.50 level, the USD/JPY will acceretate its decline towards 110.00 handle.

 

[AngieB]

The pair is very bearish and I think that will retest the 61.8% Fibo at 110.15.

 

[AngieB]

USD/JPY is about to close around important long trem support around 107.60 – 107.80 area provided by the symmetrical triangle at the monthly chart.

 

[AngieB]

USD/JPY remains clearly bearish in the long term and yet is developing within the downward channel that started since January 8. Today the bears paused at 108.30, just above a strong support area. With FOMC ahead this sounds reasonable.

 

[izzy_63]

Usd/Jpy short-term remains positive, immediate resistance around 110.50, I'm expecting further gain if the pair break above the resistance level.

 

[AngieB]

USD/JPY found the exit of the consolidation zone. US bulls are back in the game and are aiming 109.50.

 

[AngieB]

Despite falling to the weekly lows this morning, USD/JPY gathered stength and bounced towards 109.00 handle. Short term bullish outlook can not be confirmed unless the pair move above 110.00 – 110.48.

 

[AngieB]

Yesterday the USD/JPY marked a 15-month low at 106.84 from where now is pulling back. Indicators on the daily chart remain in negative terriroty and had lost directional strength. Despite today’s bounce, below 108.05 the bearish bias prevails.