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Trading Outlook – USD/JPY

Discussion in 'Jarratt Davis- Trading Signals' started by Jarratt Davis, Dec 19, 2014.

  1. idimitrov

    idimitrov Master Sergeant

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    The US dollar fell against the Japanese yen on Friday. By the close of US trading, USD / JPY was trading at 113.78, losing 0.25%. I believe that support is now at around 112.94, the low of Wednesday, and the resistance is likely at the level of 114.09 - the maximum of Thursday.
     
  2. deresel

    deresel Sergeant

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    USD/JPY: The pair tried to rise up yesterday, reaching a peak of 114.20, but closed lower at 113.83. The views are neutral for now, probably with light bearish signals for testing 113.40 / 00. But as price stays above the trendline, I stay up and every downward pressure can be seen as a good opportunity for long positions. On the upside, 114.70 remains an important resistance. A clear break and daily closing over it can open the doors to 115.50 or higher.
     
  3. idimitrov

    idimitrov Master Sergeant

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    Usd/jpy is under pressure due to stalling US - China trade deal. During the Asian session the pair fell to 113.32.
     
  4. deresel

    deresel Sergeant

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    USD/JPY: On Friday FED's officials dipped the pair with 60 pips. It found support at 112.84. On its way down, the next support is at 112.60.
     
  5. idimitrov

    idimitrov Master Sergeant

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    The US dollar declined against the Japanese yen on Monday. During the Asian session, USD / JPY was traded at 112.75, losing 0.06%. I believe that support is now at around 112.61, Monday is low, and resistance is likely at the level of 114.02 - the maximum of Wednesday.
     
  6. idimitrov

    idimitrov Master Sergeant

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    The US dollar rose against the Japanese yen on Friday to 112.98, adding 0.03%. I believe that support is now at 112.31, the low of Tuesday, and resistance is likely at the level of 113.14 - the maximum of Wednesday.
     
  7. idimitrov

    idimitrov Master Sergeant

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    The US dollar rose against the Japanese yen on Monday to 113.22, adding 0.22%. I believe that support is now at around 112.61, the low of Wednesday, and resistance is likely to be the level of 113.28 - the maximum of today's trading.
     
  8. deresel

    deresel Sergeant

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    The pair was indecisive yesterday and today, hitting 113.26, after the bullish momentum was dropped just under 114.20 - 114.70. Expectations are bearish for testing at 113.20/00. Resistance is 113.66 (current peak). A clear breakthrough and daily closure back over this region may take the price to a neutral zone with a retest of the strong resistance of 114.20 - 114.70, which remains a good place to sell. Downwards, a clear breakthrough and daily closure below 113.20/00 will direct the bear to the trendline support line and 112.50/00. This region remains a good place to buy.
     
  9. idimitrov

    idimitrov Master Sergeant

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    The dollar rose to the yen on Friday. The pair USD/JPY increased by 0.07% to 113.68. In times of political or economic instability, investors prefer to invest in the yen, which is considered a defensive asset.
     

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