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USD/JPY Analysis - page 77

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The pair is in correction for the moment, let's see how high it will rally.
The pair remains undecided, I won't be opening any positions until the range ends.

USD/JPY is developing around its moving averages on the H4, but yet is unable to surpass them. RSI and stochastic are turning to north and bulls might conquer soon the 111.00 level.

Looks like bears prevails today, the pair is facing the immediate support at 110.40.

USD/JPY was very undecided last Friday and closed around mid 110.00s. The two largest economies  in the world will meet next week to try to solve the trade war and the market players still be looking for safety.

The pair has found immediate support level at 110.10, break below would trigger a further decline. Focus turns to China-US meeting in Washington next week.

USD/JPY continues to struggle with 110.50 level, but the daily low seems much more attractive for the bears.

The pair broke below 110.10 level, opens door to further decline, the bearish trend found support zone around 109.10/20.
The USDJPY breaks below the 110.00 level, but it is currently leaving behind a false breakout. The level, along with the 200 day EMA may act as support.
The pair pulled back from 110.30 after forming two bearish pinbars at that level. I think it may break out below 110.00.
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