Trading Outlook – USD/JPY

idimitrov

Master Sergeant
Messages
611
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.
 

deresel

Sergeant
Messages
705
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.
 

idimitrov

Master Sergeant
Messages
611
Usd/jpy is under pressure due to stalling US - China trade deal. During the Asian session the pair fell to 113.32.
 

deresel

Sergeant
Messages
705
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.
 

idimitrov

Master Sergeant
Messages
611
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.
 

idimitrov

Master Sergeant
Messages
611
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.
 

idimitrov

Master Sergeant
Messages
611
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.
 

deresel

Sergeant
Messages
705
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.
 

idimitrov

Master Sergeant
Messages
611
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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