USD/JPY Analysis - page 37

csc2009
835
csc2009  
Diana Jackson:

There is a pullback from 114.45 as I thought it might be. I think the correction to the downside will last at least until it reaches 113.40.


I agree, the correction movement seems continue, and upside limited to 114.45.

Diana Jackson
887
Diana Jackson  

The pair has almost reached the target at 113.40, but I just noticed that there is also a doji bar on the W1 time frame, so I think it's possible for us to see a deeper correction.

Diana Jackson
887
Diana Jackson  

As I thought, a deeper correction did begin. Let's see, however, whether the pair will break out below 113.00.

Diana Jackson
887
Diana Jackson  

Despite everything the support at 113.00 held out and the pair rebounded from it. It looks like it will test the resistance at 114.45 soon.

Diana Jackson
887
Diana Jackson  

USD/JPY pulled back from 114.15 yet again and is still stuck in a relatively tight range below it. I think we'll need to wait for the NFP today for a breakout.

Ari Goldman
965
Ari Goldman  

USD/JPY could not top 115 but it might do so next week.

Diana Jackson
887
Diana Jackson  
Ari Goldman:

USD/JPY could not top 115 but it might do so next week.

I agree, but for the moment there was another pullback from 114.34. It appears that the range is getting tighter.

Ari Goldman
965
Ari Goldman  

It looks weak on the short-term but it might catch up pretty quick.

Diana Jackson
887
Diana Jackson  

USD/JPY dropped below 113.60 and I think this is the end of the range for the moment. I have shorted and my target is set at 113.00.

Ari Goldman
965
Ari Goldman  

The pair looks like it will go higher.