USD/JPY Analysis - page 27
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USD/JPY retraced back to 112.10 and is testing that level. I think that if it breaks out above it next target will be around 112.60.
Do you think it's a good idea to sell UJ today ?
After the FED news yesterday USD/JPY returned to the support at 111.00 and is once again range-bound above that level. I think it's possible to see another move to the upside to 112.20.
Usd/Jpy is bouncing on the downside between 111.70 to 110.60, support lies around 110.60/70 zone, break below would open the door to 110.00.
Usd/Jpy is bouncing on the downside between 111.70 to 110.60, support lies around 110.60/70 zone, break below would open the door to 110.00.
Whether that means USDJPY is in a downtrend. Thank
USD/JPY is still undecided above 111.00. I have closed all my positions and I will wait out the end of the range, which I think won't occur before the beginning of next week, before opening new ones.
USD/JPY appears weak and further depreciation can be expected.
After North Korea tested another missile that landed in Japan's exclusive economic zone, Yen continue to push lower, 110.00 become critical support.
USD/JPY is range-bound around 110.50 and so far appears very undecided. I think we'll have to wait for the news later this week and especially the NFP for USD/JPY to pick a more clear direction.
I think USD/JPY may rebound from 110.00 since it has formed a bullish inverted hammer bar on the H4 time frame at that level. Next target is around 110.50 - 110.70, in my opinion.