The pair pulled back from the daily high, but bulls do not give up. Indicators on dialy chart are aiming north, so I expect a convincing break through the 107.00.
Friday’s mixed NFP weakened the US dollar and USD/JPY closed below the psychological barrier at 107.00. The pair is supported by the 20-day SMA at 106.30 and while staying above it, extended consolidation is expected.
USD/JPY bounced from the daily low at 106.05 but the short term outlook remains bearish. The indicators on H4 are heading south and in case of renewed selling interest under 106.00, the pair would be poised to extend its decline towards 105.25.
USD/JPY has recovered from the lows and today is trading slightly above 106.00. However the pair ramains range bounded until Wednesday when high impact is expected on Fed’s rate hike.
USD/JPY extended its slide towards the downside after the Fed’s rate hake. The par is preparing to visit the 105.45 support which is broken to below, doors are opened for testing 105.25.
USD/JPY finally quit the latest range and now is showing bearish signs. Although the pair recovered from the dialy low at 104.63, indicators on H4 are supporting further decline.
Usd/Jpy is almost trading flat after being rejected from 107.00 level, I'm expecting the consolidation continues until next week macro releases and NFP.
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