USDJPY Technical Levels

[AngieB]

USD/JPY pushed higher today and spent whole day hovering around the 112.00 hurdle. The momentum beyond this level is likely to be extended towards 112.60, where is located the first resistance before eventually bulls set next target at 113.00.

 

[izzy_63]

Usd/Jpy continues trading within the range while staying in positive territory. Upside seems to have lost its strength, but giving its holiday in Japan, I'm expecting the pair consolidation continues.

 

[AngieB]

USD/JPY gained good traction in the last hours today and marked its highest level since July 20 at 112.38 before retreating slightly. As of writing, the pair is trading at 112.35 and technical indicators on the hour hour time frame are supporting the upward strength. Next bullish target is seen around 112.50 -122.60 area.

 

[fxstrategist]

Will the USD/JPY continue rallying? On the four hour chart of the USD/JPY we can see a very technical price action. First, the price forms an inverted head and shoulders pattern around the 111.00 level, where we can also find the 55 and 200 period EMAs. The neckline of the head and shoulders is the red line that the price has broken to the upside to then retrace to the same level. The bullish momentum accelerates and the price of the USD/JPY breaks above the 112.14 level to stall around the 112.33 level. From this point on, the USD/JPY may retrace to the downside where the 112.14 level may act as support and create a breakout-pullback pattern. To the upside, the 113.00 level may act as its next resistance. The 55 period EMA is pointing to the upside and confirming that the bullish trend is strong.

 

[AngieB]

USD/JPY is trading flat around 112.30 and is having difficulties to set its next short-term direction today. The pair is confined withing tight range since breaking the August high. On the four hour time frame the indicators have turned horizontal and are showing lack of directional strength, but yet remain within positive territory. The price is developing well above its moving averages, with the 100 SMA now some 100 pips below the current level, but all of them are aiming north. Should the bulls manage to extend its march, the next relevant target is seen at 113.17 (the July's high).

 

[AngieB]

USD/JPY gained traction today and touched a fresh two-month high at 112.58. The pair moved into consolidation phase and currently is trading at 112.48. which is up with 0.2% for the day. Technically spekaing the short term outlook remains neutral to bullish stance, as ont he four hour time frame the price is developing well above its bullish moving averages. RSI is consolidationg around 60, while stochastic is showing strong bullish momentum. The 112.10 are comes as immediate support and resistances are seen at 112.50, 112.90 and 113.20.

 

[AngieB]

USD/JPY is strading around 112.60 and a downward correction is expected in case of breaking this level. On the four hour time frame the price remains well above its bullish 100-day and 200-day SMAs, while technical indicators are losing directional strength, but yet remain well above their mid-lines and this is suggesting limited selling interest.

 

[izzy_63]

The pair seems to enter correction mood just below 112.60 level, appears no clear directional strength short-term. Immediate support can be found at 112.15 and resistance at 112.85.

 

[AngieB]

USD/JPY keeps the positive tone above mid 112s. On the four hour time frame the price is developing well above its bullish moving averages. Stochastic extends its bounce from its mid-line, heading higher, while RSI has lost directional strength around 60 level. at around last week's high. The pair, however, would need to clear 112.85. First support is seen at 112.45, next at 112.15 and lower at 111.80. Resistances levels are 112.85, 113.20 and 113.50.

 

[izzy_63]

News day, ''safe haven'' Yen reacted and remain bullish. The pair is consolidating its gains at the end of the day, immediate resistance can be found at 112.86. I'm looking at critical 113.00 handle on the upside.