USDJPY Technical Levels

[AngieB]

USD/JPY edged lower and closed the week at 111.25. The 100-day SMA is providing immediate support around 110.95 and I think the pair wouldn’t move below it.

 

[AngieB]

USD/JPY is struggling around 111.00 handle, but the sentiment remains bearish. On the four hour time frame the price is yet developing above its moving averages Stochastic is located within extreme negative territory while RSI is looking for direction around its mid-line. The pais is supported by 111.10, 110.75 and 110.40. The resistance levels are seen at 111.50, 111.85 and 112.20.

 

[AngieB]

USD/JPY keeps its mildly bearish tone, but attempts to recover ground where again falls between the 200-day SMA in the four hour time frame. Currently is hovering around 111.30, below the highs from last week at around 111.50. In the same chart indicators are developing around their mid-lines and are lack of directional strength. The 100-day SMA is aiming south and even below the weekly lows, at around 110.85, offering a short-term dynamic support

 

[AngieB]

USD/JPY finally broke its latest range to the upside. The pair is currenlty trading around 111.70 and is showing strong bullish momentum. On the four hour time frame the price stands well above its 100-day and 200-day SMAs and both are running in parallel, maintaining neutral stance. RSI and stochastic had advanced towards positive territories, now losing their positive momentum but holding at daily highs. I think the monthly high at 112.14 might be tested very soon

 

[AngieB]

The USD/JPY pair fell from the highs on the risk-off mood. Currently the price is hovering around 111.00 and on the four hour time frame is struggling with the flat 200-day SMA. Technical indicators on the same chart have turned south and stochastic is showing stong bearish momentum and is nearing extreme negative territory. Overall, the risk is skewed to the downside and a steeper decline will be clear on a downward acceleration through 110.90.

 

[AngieB]

USD/JPY feel today to its lowest levels this week but is trying to recover towards the 111.00 handle. Technically speaking the short-term outlook remains bearis. On the four hour time frame the price is developing below its 100-day SMA for the first time this week, RSI and stochastic extend their slumps within negative territory with almost vertical slopes, indicating that selling interest remains strong.

 

[AngieB]

The greenback is the main winner amid the global concerns that are taking over the financial markets, while teh Japanese Yen's gains are contained by firming US Treasury yields despite risk-averse environment.
The USD/JPY pair currently is trading around 111.45, keeping short-term bullish stance. , On the four hour time frame the price is developing above its moving averages which has lost directional strength. Indicators have entered into extreme overbought territory but are are staring to lose upward strength. The 111.50 level represents strong static resistance area and to keep the current bullish momentum the pair will have to accelerate through it. Otherwise below 111.20the upward potential willfade away and a steeper decline will be at sight.

 

[izzy_63]

Better than expected US data made Usd/Jpy bounce back and find immediate resistance level at 111.530, the pair looks bullish short term, next important resistance lies at 111.82.

 

[AngieB]

USD/JPY is quite hesitant around 111.50 although remians above its moving averages, whilch had lost directional strength. To bring back the bulls, the pair will need to push above the daily high with next target at 111.85.

 

[AngieB]

The USD/JPY pair fell below 111.00 handle and marked its lowest level since the last day of August at 110.70 amid weak risk appetite. The pair has lost upward strength and technical readings on the four hour time frame are showing that it may extend its decline during the upcoming hours. RSI and stochastic are aiming south and are nearing the negative territory. Support levels: 111.20, 110.85, 110.40. Resistance levels: 111.50, 111.80, 112.15.