Trading Outlook – USD/JPY

idimitrov

Master Sergeant
Messages
611
The US dollar rose against the Japanese Yen on Friday. By the close of US trading USD/JPY was trading at 101.34, gaining 0.31%. I believe that the support is now located at around 100.07, Tuesday's low, and resistance is at the level of 101.86 - the maximum of Thursday.
 

deresel

Sergeant
Messages
705
The US dollar added value versus the yen on Monday and recover some of Friday's losses. The pair climbed 34 pips to 103.59 after trading in the 103.78 and 103.59. The price failed to test the levels of peak last week, but the bulls remain technically in a leading position.
 

idimitrov

Master Sergeant
Messages
611
The US dollar rose against the Japanese Yen on Friday. By the close of Asian session USD/JPY was trading at 103.78, gaining 0.07%. I believe that the support is now located at around 102.78, Monday's low, and resistance is at the level of 104.63 - the maximum of Thursday.
 

idimitrov

Master Sergeant
Messages
611
The US dollar took a break in the Asian session on Tuesday after recent gains, retreating from the seven-month high against a basket of major world currencies, as investors assessed the likelihood of the Fed raising interest rates in the coming months.
In relation to the Japanese yen, the dollar slightly lost ground during the day and is trading near 103.98.
 

deresel

Sergeant
Messages
705
The US dollar recorded a decrease against the yen on Wednesday. The pair opened at 103.86 and the price managed to break through the first support at 103.70. Eventually, after a volatile session, the dollar ended at 103.43. The pair continues to be in positive territory, which will likely follow the new test levels at 103.70.
 

idimitrov

Master Sergeant
Messages
611
The US dollar was down against the Japanese Yen on Friday. By the close of US trading USD/JPY was trading at 103.78, shedding 0.15%. I believe that the support is now located at around 103.15, Wednesday's low and resistance is likely at the level of 104.39 - the maximum of Monday.
 

csc2009

Recruit
Messages
836
Usd/Jpy failed to rally beyond 104.00 level suggesting the pair might entre correction mode, need further confirmation for clear direction.
 
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