USD/JPY Analysis - page 52

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USD/JPY bounced from the daily low at 106.05 but the short term outlook remains bearish. The indicators on H4 are heading south and in case of renewed selling interest under 106.00, the pair would be poised to extend its decline towards 105.25.

 
The pair is depreciating, I think it will next test the support at 125.25.
 
USDJPY expected to correct upside
 
Indanguang Samrow Panmei:
USDJPY expected to correct upside
That depends on whether it will rebound from 105.25 again. We'll see.
 
The Japanese Yen is strong lately.
 
Usd/Jpy is consolidating on the low, lack directional strength. Critical support can be seen at 105.00 level, break below could further decline.
 

USD/JPY has recovered from the lows and today is trading slightly above 106.00. However the pair ramains range bounded until Wednesday when high impact is expected on Fed’s rate hike.

 
It's undecided for the moment, although I think it may rebound from 106.00.
 
I think the pair will still go down to around 104.5 then we can have a clear picture of whether it will go up
 
Chris Mukengeshayi:
I think the pair will still go down to around 104.5 then we can have a clear picture of whether it will go up


It's possible, but right now the pair is range-bound, so without a breakout a direction won't become clear, I think.

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