USD/JPY Analysis - page 49

mtllc
249
mtllc  

The Japanese bulls continue to gain positive traction and USD/JPY hit a multi month low at 105.54 today. Although the short term outlook remains bearish according to indicators on the H4, the price bounced just ahead of US opening, having a patch of macro releases to define the further movement.  

Diana Jackson
909
Diana Jackson  
It rebounded from 105.54, I think it may be time for some correction to the upside.
WS2017
221
WS2017  
Usd/Jpy is consolidating on the downside and found support at 105.50, while bears remain strong.
mtllc
249
mtllc  

USD/JPY remains bearsih although the pair bounced from Friday’s low. The price is yet below its moving averages and indicators are hovering around their mid-lines with no clear direction. First resistance is seen at 106.85 while immediate support comes with 106.10.  

mtllc
249
mtllc  

USD/JPY retreated from the weekly high at 107.90 where the bulls faced strong resistance. The pair resumed the bearish trend and now is aiming 107.30.  

Ari Goldman
985
Ari Goldman  
Solid support at 104. 
fxstrategist007
123
fxstrategist007  
The USDJPY keeps its bearish trend even though it has tried to correct to the upside. The pair loses its bullish momentum at the 108.00 zone and now is trying to back down to the 106.00 level, which it should break in order to continue falling.
WS2017
221
WS2017  
The risk remains on the downside, immediate support can be found around 106.50, break below would open up to the downside.
Diana Jackson
909
Diana Jackson  
I agree. In my opinion, the pair will test that level for a second time very soon.
mtllc
249
mtllc  

USD/JPY recovered from the daily low at 106.37 and now nailed the 107.00 handle. According to the indicators on the four hour time frame the short term outlook is bullish with first target 107.30.