USDJPY Technical Levels

[bigdolly]

Well going to short it with my broker as dollar growth is gaining momentum. Let's see how it will work for me.

 

[AngieB]

USD/JPY is hovering around 114.00 after had marked yearly high at 114.04. The soft Japanese data, better market mood and the trade deal beatween USA, Canada, and Mexico agreed on a trade deal supported the bullish momentum. Ttechnically speaking the is overbought in the short-term and there are no signs that might turn lower. It looks like consolidation is ahead before a new leg to the upside. Indicators ont he four hour time frame are located within overbought territory and the price is developing above its bullish moving averages. Immediate support is seen at 113.60 and as long as the pair holds above it, bulls will attempt to fight the 114.40 level.

 

[izzy_63]

The pair has been testing 114.00 level, the strong bullish tone remains. As long as Usd/Jpy stays above the support level at 113.68, upside extension could be further.

 

[AngieB]

USD/JPY failed to extend gains above the 114.00 level today and currently is suffering some modest losses around 113.77. Looking to the upside, a potential decisive break above 114 (daily high), will bring next bullish target at 114.70, followed by 115.00 (the psychological level). The downside offers supports at 113.60 (the daily low), 112.55 and 111.60.

 

[AngieB]

USD/JPY moved out from the consolidation phase and extened its positive momentum further beyond the 114.00 mark. Currently the pair is trading around 114.40 and retains good bullish stance. I expect test of the resistance at 114.75.

 

[fxstrategist]

Excellent rally on the USD/JPY. Risk appetite comes back into the markets during today’s session and the USD/JPY breaks above the 114.00 level to come very close to the 114.77 level, zone which could act as resistance. The Dollar strengthens and the US markets keep rallying, supporting the USD/JPY. In case of a pullback, the 113.00 level may act as support. Another possible scenario is that the USD/JPY may lose its momentum and consolidate around the 114.00 level.

 

[AngieB]

After marking its highest daily close in more than year and a half at 114.53, the USD/JPY pair plumetted and fell to its lowest level for the day at 113.64.On the four hour time frame the price crossed to below the 20-day SMA, which has turned to south, but meanwhile is staying above the bullish 50-day and 100-day SMAs. RSI is looking for direction around its mid-line and stochastic is showing strong bearish momentum. First bearish target is seen at 113.35 and the upside offers immediate resistance at 114.75.

 

[AngieB]

USD/JPY recovered today and found some fresh buying interest around the 113.60 area. But bulls will need much more power to conquer again the 114.00 hurdle.

 

[fxstrategist]

The USDJPY consolidates around the 114.00 level and loses its bullish momentum, even though the bullish trend is still in place in the short term. To the upside, the next resistance could be at the 114.77 level. To the downside, the 113.00 level could act as support.

 

[AngieB]

USD/JPY came under a renewed selling pressure durign the last hours and is marking its lowest level in two weeks. The pair broke the 113.00 and how bears are aiming 122.55.