USDJPY Technical Levels

[AngieB]

Currenlty the pair is trading at 112.48 after had pinned daily low at 112.05. On the four hour time frame the price is developing above its bullish moving averages, so the long term uptrend is not at risk. RSI and stochastic are displaying strong bearish slopes and are close to oversold territories.

Further declines are expected in case of closing below the daily low which will bring next bearsih target at 111.80. On the other hand bulls might try to fight the first resistance at 112.60 which if broken will offer next one at 113.00.

 

[izzy_63]

Usd/Jpy seems has turned from bearish to neutral short term, found support level at 110.75, but maybe it is too soon to say the bearish trend is over.

 

[AngieB]

Currently the pair is consolidating aorun 61.8% Fibonacci retracement od its latest bullish run and according to technical indicators on h4 the chances for steeper advance are limited. The upside is still capped by 111.45 where the 100-day SMA is developing while the donwside remains supported by the 110.80 – 110.70 zone.

 

[AngieB]

USD/JPY closed little changed around 110.00. Fist support the pair will meet at 110.70 ahead of the 110.00 handle. The upside provides initial resistance at 111.55 and higher at 112.20.

 

[izzy_63]

Usd/Jpy is consolidating within the range between 110.56 to 111.50 ahead of BoJ this week. Only break out will determine the direction of the pair.

 

[AngieB]

USD/JPY is trading around 112.00 amind mixed US ecomonic data and eyeing Fed. Yet the 112.20 remains immediate resistance, while the dowside is supported by 110.60.

 

[AngieB]

USD/JPY rallied this morning to 111.80 but currently is hovering around 111.70. Whether the pair will keep its direction depends ot the NFP outcome today.

 

[izzy_63]

Usd/Jpy is trading almost flat around 111.20, I expect the pair would stay neutral as long as it stays above the immediate support level at 110.59.

 

[AngieB]

USD/JPY is trading well above 111.00 as the greenback is still influenced by the economic fundamentals from last week. Now first resistance is seen at 111.85 region, above which the pair is likely to test the 112.00 handle.

 

[izzy_63]

The pair opens the week with a small gap down, the risk remains on the downside and found support level at 110.10.