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USD/JPY Analysis - page 87

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USD/JPY failed to extend gains above the 114.00 level today  and currently is suffering some  modest losses around 113.77. Looking to the upside, a potential decisive break above 114 (daily high), will bring next bullish target at 114.70, followed by 115.00 (the psychological level). The downside offers supports at 113.60 (the daily low), 112.55 and 111.60.

It is almost at 114.00 again, let's see whether there will be a breakout. If there is I think it will rally to 114.70.

USD/JPY moved out from the consolidation phase and extened its positive momentum further beyond the 114.00 mark. Currently the pair is trading around 114.40 and retains good bullish stance. I expect test of the resistance at 114.75.

There was a breakout above 114.00 as I thought there might be. I think the move north will continue with first target at 114.70 and then at 115.00.

After marking its highest daily close in more than year and a half at 114.53, the USD/JPY pair plumetted and fell to its lowest level for the day at 113.64.On the four hour time frame the price crossed to below the 20-day SMA, which has turned to south, but meanwhile is staying above the bullish 50-day and 100-day SMAs. RSI is looking for direction around its mid-line and stochastic is showing strong bearish momentum. First bearish target is seen at 113.35 and the upside offers immediate resistance at 114.75.

The NFP data is coming out in less than two hours, I think how USD/JPY will develop will depend on that.

USD/JPY recovered today and found some fresh buying interest around the 113.60 area. But bulls will need much more power to conquer again the 114.00 hurdle.  

The pair has depreciated to 113.20 and I think it may break out below that level and continue falling to 113.00. There is also a bearisn pin bar on the W1 time frame at 113.70 which is a signal for a possible larger move to the downside.

USD/JPY came under a renewed selling pressure durign the last hours and is marking its lowest level in two weeks. The pair broke the 113.00 and how bears are aiming 122.55.

USD/JPY is range-bound around 113.00 although I still think there may be a breakout below that level and another move to the downside.
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