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FOREX ANALYSIS - page 70

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deresel
531
deresel  

Support: 110.90; 110.20; 108.80;

Resistance: 112.90; 114.30;

Ivan
416
Ivan  

The US dollar recorded a decline against the Japanese yen on Thursday. The session started at 112.81 and the price managed to double the resistance at 112.90. After all, the dollar ended at 112.33 and in case the price continued to fall, the dollar would head to the first support at 110.90.

Ivan
416
Ivan  

The US dollar was up against the Japanese yen on Friday. By the close of US trading, USD / JPY was trading at 112.50, adding 0.18%. I believe that the support is now located at around 111.47, Monday's low, and resistance is likely at 113.27 - the maximum of Wednesday.

deresel
531
deresel  

On Monday, the currency pair dollar/yen recorded a volatile session. The day was opened at 112.62, and at the end of the day the pair reached 112.75. The rate repeatedly resisted the resistance at 112.90, but failed to establish itself above it. This brought a peak for the bulls at 113.05, and the bears only reached the bottom at 112.44.

deresel
531
deresel  

USD/JPY

Support: 111.00; 110.20; 108.80;

Resistance: 112.90; 114.30;

Ivan
416
Ivan  

The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD / JPY was trading at 112.62, losing 0.17%. I believe that support is now at around 112.33, Wednesday's low, and the resistance is at 113.44, the maximum of Friday's trading.

deresel
531
deresel  

The dollar recorded a volatile session against the yen on Tuesday. Ultimately, the final was put in favor of the Asian currency. Trading started at a rate of 112.67, with early bearish mood dominating. As a result, the two supports at 112.30 and 112.12 were punctured after the pair hit bottom at 111.98. The dollar then recovered some of the losses.

deresel
531
deresel  

Key levels to watch for:

Support: 112.30; 112.12;

Resistance: 113.47; 113.84;

Ivan
416
Ivan  

The dollar / yen tried to lower yesterday, forming a bottom at 111.98, but closed slightly higher at 112.44. The signals are neutral so far, but the price is still in the bears phase after the downward pin bar formation at the key resistance of 113.20. Immediate support is seen at 111.65. A clear breakthrough and daily closure below this level will open the doors to 111.00 - 110.65.

Ivan
416
Ivan  

The dollar / yen did not make a substantial move yesterday. There is no change in my technical predictions. Expectations remain neutral in the short term, but the price is still in the downstream phase after the formation of the bearish pin bar at the key resistance 113.20. Support for the day we have at 111.65. A clear breakthrough and daily closure below it will clear the way down to 111.00 - 110.65. Generally I remain neutral.

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