Forex Analysis - page 92

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Cougar512
221
Cougar512  
The US dollar rose against the Japanese yen on Monday to 113.22, adding 0.22%. I believe that support is now at around 112.61, the low of Wednesday, and resistance is likely to be the level of 113.28 - the maximum of today's trading.
deresel
704
deresel  
The pair was indecisive yesterday and today, hitting 113.26, after the bullish momentum was dropped just under 114.20 - 114.70. Expectations are bearish for testing at 113.20/00. Resistance is 113.66 (current peak). A clear breakthrough and daily closure back over this region may take the price to a neutral zone with a retest of the strong resistance of 114.20 - 114.70, which remains a good place to sell. Downwards, a clear breakthrough and daily closure below 113.20/00 will direct the bear to the trendline support line and 112.50/00. This region remains a good place to buy.
Cougar512
221
Cougar512  
The dollar rose to the yen on Friday. The pair USD/JPY increased by 0.07% to 113.68. In times of political or economic instability, investors prefer to invest in the yen, which is considered a defensive asset.
Szymon Palczynski
32383
Szymon Palczynski  
UP?
Chart USDJPY, W1, 2019.08.13 20:55 UTC, RoboForex Ltd, MetaTrader 4, Real
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