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USD/JPY Analysis - page 51

mtllc
97
mtllc  

USD/JPY continues to fall and nears the critical 105.00 level, which if broken would open doors for testing the support at 104.13.   

Diana Jackson
676
Diana Jackson  
I think it's undecided for the moment. Another rally is possible but it hasn't begun yet.
Diana Jackson
676
Diana Jackson  
There hasn't been much development since yesterday, I think it will remain undecided until the NFP tomorrow.
Ari Goldman
831
Ari Goldman  
I expected this pair to move to the upside.
Diana Jackson
676
Diana Jackson  
Ari Goldman:
I expected this pair to move to the upside.
Your expectation was correct.  I think it will rally to 107.00.
mtllc
97
mtllc  

The pair pulled back from the daily high, but bulls do not give up. Indicators on dialy chart are aiming north, so I expect a convincing break through the 107.00.

mtllc
97
mtllc  

Friday’s mixed NFP weakened the US dollar and USD/JPY closed below the psychological barrier at 107.00. The pair is supported by the 20-day SMA at 106.30 and while staying above it, extended consolidation is expected.

Diana Jackson
676
Diana Jackson  
USD/JPY reached 107.00 as I thought it would and pulled back from it. I think it will fall back to 106.00.
Diana Jackson
676
Diana Jackson  
There was another attempt to break out above 107.00 but the pair remained above that level very briefly. I think the pair is undecided for the moment.
Diana Jackson
676
Diana Jackson  
USD/JPY is still rangebound, I think we may see a new rally to 107.00 at best.