USDJPY

[arigoldman]

USD/JPY is close to double top at 107.90.

 

[arigoldman]

The USD is moving up strongly against the Yen. First res 107.70.

 

[arigoldman]

Good and stable uptrend. Major support at 112.

 

[arigoldman]

Expecting the pair to lose some of the gains made this week.

 

[arigoldman]

Strong res in the area around 110.30. 200SMA needs to be broken to the upside.

 

[arigoldman]

I think it's a good time to short the pair at 111.00.

 

[arigoldman]

USD/JPY sold off a bit today for no apparent reason it seems.

 

[arigoldman]

The USD/JPY pair reached a high of 109.30 and is now trading very close to it. The pair might concentrate around this level until the announcement of the latest NFPs and jobs data scheduled to be released in less than an hour.

 

[arigoldman]

The Yen has been depreciating, I think the USD could reach 111.00 before long.

 

[arigoldman]

The pair looks bearish, i think it might break to the downside next week.