USD/JPY Analysis - page 41

[mtllc]

USD/JPY is showing limited, but persistant upward potential. The pair is aiming the resistance at 113.35 now and in case of breaking it, doos are opened for testing 113.75.

[Diana Jackson]

The pair reached 113.60 and I think it remains bullish. Next target should be around 114.00.

[Chris Mukengeshayi]

113.778 will be a new high [TP1]

it could even test 114.900

[Diana Jackson]

I am not sure whether we will see a movement large enough for it to test 114.90 during the holidays. Usually the market is too calm for that during this period.

[Chris Mukengeshayi]

Diana Jackson:
I am not sure whether we will see a movement large enough for it to test 114.90 during the holidays. Usually the market is too calm for that during this period.

Yes, that could happen next year January, since Japan decided to retain at -0.1% this will give strength to the $, plus all the tax reform and many other probably when the new Fed Chair take place or around 19/01/2018

[Ari Goldman]

Expecting a correction next week.

[Diana Jackson]

Ari Goldman:

Expecting a correction next week.

I think it may last well after 1st January too. It usually does.

[Szymon Palczynski]

analysis...

[Diana Jackson]

The market is open but the pair is stuck in a very tight sideways range. Maybe we'll see more volatility toward the end of the week.

[Diana Jackson]

There are several bullish bars on the H4 time frame, I think we may see a small rally to 113.50.