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USD/JPY Analysis - page 35

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Sergey Golubev
Moderator
99093
Sergey Golubev  

Forum on trading, automated trading systems and testing trading strategies

Hello,

Please EDIT your post and use Image button (Ctrl+Alt+I) when you post code. 


Thank you.


Diana Jackson
551
Diana Jackson  
113.20 - 113.30 turned out to be a very strong resistance. I shorted at 112.95 and I haven't closed the short position yet. I think the pair will drop to 112.60 at least.
Jason Sen
31
Jason Sen  

We are looking for a buying opportunity in the USDJPY.

It is coming down to our target buy area with first support at 112.40/35 doing the job but below targets better support at 111.85/75. A bounce from here is likely on the first test. If a break lower is seen on further tests, we target 111.50/40 & a buying opportunity at 111.00/110.95.


fxstrategist007
42
fxstrategist007  

The USDJPY has tried in multiple ocassions to break above the 113.00 level but it has not confirmed a breakout. The lows of the daily candles are getting higher, indicating that the bullish pressure is accumulating in that zone, therefore we could a breakout of the 113.00 level, accelerating the bullish momentum.

Diana Jackson
551
Diana Jackson  

My short position reached the target at 112.60 but I haven't closed it. Instead I opened another one, both with target 112.00.

csc2009
802
csc2009  

Usd/Jpy turn negative on North Korea missile test, but short term the pair is within the range between 112 to 113.

Diana Jackson
551
Diana Jackson  

The upward trend is clearly exhausted and the range that is forming appears more and more bearish. I think there will be a breakout below 112.60 soon.

Diana Jackson
551
Diana Jackson  

USD/JPY is relatively bearish and the resistance at 113.40 is still holding. I think that if it falls below 112.00 it will continue depreciating at least to 111.20 - 111.00.

Ari Goldman
651
Ari Goldman  

Difficult to trade for the last week.

Michele Manenti
476
Michele Manenti  

USDJPY FOR NEXT WEEK:

TREND : SHORT

S: 112.300 - 112.200

R: 111.700 - 111.500

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