USD/JPY Analysis - page 84

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With trade war being reignited, JPY should gain strength.
 
That is my opinion too. There is a breakout above 112.00, the move north should continue.
 

USD/JPY gained good traction in the last hours today and marked its highest level since July 20 at 112.38 before retreating slightly. As of writing, the pair is trading at 112.35 and technical indicators on the hour hour time frame are supporting the upward strength. Next bullish target is seen around 112.50 -122.60 area.

 
The pair is slowly moving north and I think we may eventually see a rally to (or above) 113.00.
 

USD/JPY is trading flat around 112.30 and is having difficulties to set its next short-term direction today. The pair is confined withing tight  range since breaking the August high. On the four hour time frame the indicators have turned horizontal and are showing lack of directional strength, but yet remain within positive territory. The price is developing well above its moving averages, with the 100 SMA now some 100 pips below the current level, but all of them are aiming north. Should the bulls manage to extend its march, the next relevant target is seen at 113.17 (the July's high).

 
The pair is range-bound around the middle line of the Bollinger Bands indicator on the monthly time frame, in my experience such a range may last for weeks, sometimes months, I think the best way to trade such a range is to scalp and wait the rest of the time.
 

USD/JPY gained traction today and touched  a fresh two-month high at 112.58. The pair moved into consolidation phase and currently is trading at 112.48. which is up with 0.2% for the day. Technically spekaing the short term outlook remains neutral to bullish stance, as ont he four hour time frame the price is developing well above its bullish moving averages. RSI is consolidationg around  60, while stochastic is showing strong bullish momentum. The 112.10 are comes as immediate support and resistances are seen at 112.50, 112.90 and 113.20.

 
It pulled back from 112.80 and even formed a bearish bar at that level. I think we will see it depreciate toward 112.30.
 

USD/JPY is strading around 112.60 and a downward correction is expected in case of breaking this level. On the four hour time frame the price remains well above its bullish 100-day and 200-day SMAs, while technical indicators are losing directional strength, but yet remain well above their mid-lines and this is suggesting limited selling interest.  

 
The pair seems to enter correction mood just below 112.60 level, appears no clear directional strength short-term. Immediate support can be found at 112.15 and resistance at 112.85.
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