USDJPY Technical Levels

[AngieB]

USD/JPY started the new week trading within tight range above 109.00. It seems that the pair is awaiting Fed to set direction.

 

[fxstrategist]

The USDJPY breaks above the 200 day EMA and reaches the 110.00 level, which could act as resistance.

 

[AngieB]

The greenback continues to fall and soon USD/JPY will meet again the 109.00 handle. Technical structure suggests further declines, but let’s see what NFP will bring.

 

[fxstrategist]

The USDJPY drops momentarily below the 109.00 level, but the buyers took control of the market towards the end of the session. The pair may continue above the 200 EMA.

 

[izzy_63]

Usd/Jpy pulled back and consolidating short term, but long term the pair still appear to be bullish. Break below the support level around 108.63 could signal a deeper pullback.

 

[AngieB]

USD/JPY regained the 109.00 handle and is showing good upward momentum. It seems that bulls will soon test 109.50.

 

[AngieB]

USD/JPY is pushing to the downside. The pair broke the support at 109.30 and is coming down to test 109.00 very soon.

 

[izzy_63]

Usd/Jpy has failed twice to break above the resistance at 110.04, currently trading sideways around 109.40, showing no clear direction.

 

[AngieB]

USD/JPY is trading at daily highs, but yet 110.00 remains hardly to achieve.

 

[AngieB]

USD/JPY made good rally today and currently is pressuring the February’s high at 110.48, which could be a possible breakout point.