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Dollar-yen

USDJPY BEARISH MOMENTUM BUILDINGThe US dollar is coming under increasing downside pressure against the Japanese yen, after the US dollar index suffered a steep reversal on Thursday. Bearish momentum is starting to build, with technical sellers testing the 113.00 support level. The recent reversal from the 113.40 level has the potential to create a bearish head and shoulders pattern on the lower time frames. The USDJPY pair is bearish while trading below the 112.87 level, key support is now found at the 112.20 and 111.10 levels. If the USDJPY pair trades above the 112.87 level, buyers are likely to test the 113.40 and 114.20 resistance levels.
by OctaFX_Official
Good things come to those who wait: A case for retracements (UJ)Hello Traders Dollar yen has been on a rather violent bullish action the past two days after about six days of consolidation. Highlighted the major trend line that was broken on the hourly. My case is to wait on the retracement to take place back to 112.500 and trade the retest from the upside of the trend line. If price continuous without revisiting that price then we won't be boarding upon this one. Trade safe, Trade well.
Long
by fromzerotospyro
2
USDJPY WATCHING 112.87 RESISTANCE LEVELThe US dollar has soared higher against the Japanese yen currency, following bullish comments from US President Donald Trump over a potential trade deal with China. The USDJPY pair is bullish while trading above the 112.45 level and may accelerate intraday gains if the 112.87 resistance level is breached. The Moving Average Convergence Divergence indicator on the four-hour time frame has also started to trend higher. The USDJPY pair is bullish while trading above the 112.45 level, key resistance is now found at the 112.87 and 113.30 levels. If the USDJPY pair trades below the 112.45 level, sellers will likely test key trendline support, at the 112.04 level.
by OctaFX_Official
USDJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=112.15. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=112.55. TP4: R2=112.9. Set the stoploss of these orders at breakout of S2=112. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=112. In this situation, there is an expectation to reach the target S3=111.4. Set the stoploss of reverse orders at breakout of S1=112.15. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you! ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
Long
by ForecastCity
USDJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=112.15. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=112.55. TP4: R2=112.9. Set the stoploss of these orders at breakout of S2=112. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=112. In this situation, there is an expectation to reach the target S3=111.4. Set the stoploss of reverse orders at breakout of S1=112.15. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you! ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
Long
by ForecastCity
9
USDJPY INTRADAY BEARISH BELOW TRENDLINEThe US dollar is attempting to correct higher against the Japanese yen currency in early Monday trade after falling below trendline support. The USDJPY pair fell towards the 111.35 level after the key technical break and remains intraday bearish while trading below the 112.00 level. Traders now look Core PCE data from the US economy later today, which is the Federal Reserve’s preferred measure of inflation. The USDJPY pair is strong bearish while trading below the 112.00 level, key support is now found at the 111.35 and 110.90 levels. If the USDJPY pair trades above the 112.00 level, buyers will likely test the 112.18 and 112.45 resistance levels.
by OctaFX_Official
USDJPY INTRADAY BULLISH ABOVE 112.45The US dollar is breaking to the upside against the Japanese yen after the FOMC Meeting Minutes showed the Federal Reserve struck a hawkish tone towards future US rate increases. The USDJPY pair is intraday bullish above 112.45 level and supported by a bullish inverted head and shoulders pattern. The Moving Average Convergence Divergence indicator on the four-hour time frame is also starting to trending higher. The USDJPY pair is intraday bullish while trading above the 112.45 level, key resistance is found at the 112.90 and 113.20 levels. If the USDJPY pair trades below the 112.45 level, intraday sellers may test towards 112.20 and 112.00 support levels.
by OctaFX_Official
USDJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=112.3. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=112.8. TP4: R2=113.25. Set the stoploss of these orders at breakout of S2=112.1. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=112.1. In this situation, there is an expectation to reach the target S3=111.45. Set the stoploss of reverse orders at breakout of S1=112.3. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you! ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
Long
by ForecastCity
USDJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=112.3. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=112.8. TP4: R2=113.25. Set the stoploss of these orders at breakout of S2=112.1. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=112.1. In this situation, there is an expectation to reach the target S3=111.45. Set the stoploss of reverse orders at breakout of S1=112.3. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you! ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
Long
by ForecastCity
USDJPY TESTING NECKLINE RESISTANCEThe US dollar is once again correcting higher against the Japanese yen currency, as market sentiment continues to improve on Wednesday. The USDJPY is testing towards the neckline of a bullish inverted head and shoulders pattern, which could potentially take the pair above the 113.00 level. The release of the FOMC Meeting Minutes later today is likely to be the key intraday driver for the US dollar. The USDJPY pair is intraday bullish while trading above the 112.55 level, key resistance is now found at the 112.90 and 113.20 levels. If the USDJPY pair trades below the 112.00 level, sellers may test towards 111.60 and 111.10 support levels.
by OctaFX_Official
USDJPY STRONGLY BEARISH BELOW 111.80The US dollar continues to trade towards the 112.00 level against the Japanese yen currency, as financial markets start the new trading week in risk-off mode. The USDJPY pair is currently consolidating inside a symmetrical triangle pattern, with a clear break below the 111.80 support level likely to signal further losses. Buyers need to move price above the 112.55 resistance level to regain intraday bullish momentum. The USDJPY pair is strongly bearish while trading below the 112.55 level, key support found at the 111.80 and 111.10 levels. If the USDJPY pair trades above the 112.55 level, buyers are likely to test towards 112.80 and 113.40 resistance levels.
by OctaFX_Official
Chinese stocks under severe pressure from global risk => Market turmoil is creating its own negative feedback loops for China driving further tightening financial conditions that will last and have further effects on the economic growth in the region. => It seems unlikely to open the floodgates to a recession so far however further trade tensions between the US and China will add to fragility. => Targets in Chinese stocks remain at 2400 after the technical break of the 76.4% retracement. => Good luck all
SShort
by ridethepig
1
USDJPY HEAD AND SHOULDERS TRIGGEREDThe US dollar continues to tumble lower against the Japanese yen currency, as risk-off trading sentiment and the sell-off in global equity markets worsens. The previously mentioned bearish head and shoulders pattern has been triggered, with the USDJPY pair now strongly bearish below the 112.55 level. Sellers will likely attempt to break the 112.00 support level, while intraday buyers need to stabilize price above the 112.55 level. The USDJPY pair is strongly bearish while trading below the 112.55 level, key support found at the 112.00 and 111.10 levels. If the USDJPY pair holds above the 112.00 level, buyers will likely test towards 112.55 and 112.90 resistance levels.
by OctaFX_Official
USDJPY BEARISH BELOW RISING CHANNELThe US dollar has fallen sharply lower against the Japanese yen after Chinese equity markets plunged lower on Monday, causing a flight into safe-haven currencies. The USDJPY pair remains under pressure and is intraday bearish while price trades below the well-defined rising channel. Sellers will attempt to break the 112.75 support level, while buyers need to move price back inside the rising channel. The USDJPY pair is intraday bearish while trading below the 113.52 level, key support is found at the 112.75 and 112.35 levels. If the USDJPY pair moves above the 113.52 level, buyers will likely test towards 113.72 and 114.06 levels.
by OctaFX_Official
USDJPY HOLDS TREND LINE SUPPORTThe US dollar is trading back towards the key 114.00 level against the Japanese yen after price bounced from trendline support following Friday’s disappointing Nonfarm Payrolls job report from the US economy. The USDJPY pair retains a bullish intraday bias while trading inside the well-defined rising channel. Buyers will look to move price back above the 114.06 level, while sellers will attempt to break the 113.55 support level. The USDJPY pair is intraday bullish while trading above the 113.55 level, key resistance is now found at the 114.06 and 114.58 levels. If the USDJPY pair moves below the 113.55 level, sellers will likely test towards 112.90 and 112.10 levels.
by OctaFX_Official
USDJPY ready to break higher=> Here we are eyeballing a break of the long term trend line since 2015 finally unlocking 114.xx and 115.xx for a test.(edited) => With NFP today expected to overshoot we are going to see further USD strength and as a result the highs here remain naked for a test and sweep. => If we can comfortably take the 115.xx we are going to start tracking 2016 highs and beyond... => There is little to see to the downside, with all dips remaining competitive and little reason to buy JPY here. => GL all
by ridethepig
4