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Dollar-yen

USDJPY trade troublesThe US dollar is coming under pressure against the US dollar after China canceled its upcoming trade talks with the US negotiators. The USDJPY pair is likely to remain under further technical selling pressure while trading below the 107.70 resistance level. Overall, the 107.10 level is the current short-term bearish target, with the 106.90 level the extended downside target. The USDJPY pair is only bullish while trading above the 107.70 level, key resistance is found at the 108.10 and 108.48 levels. The USDJPY pair is only bearish while trading below the 107.70 level, key technical support remains at the 107.10 and 106.90 levels.
by OctaFX_Official
USDJPY very bullishThe US dollar continues to trade above the pivotal 107.00 level against the Japanese yen despite global equity markets turning lower. The technicals for the USDJPY pair still point to more upside while price holds above the 107.00 to 107.10 support zone. The breakout above the 107.50 level in the short-term is likely to push the USDJPY pair towards the 108.10 resistance area. The USDJPY pair is bullish while trading above the 107.00 level, key resistance is found at the 108.10 and 108.30 levels. The USDJPY pair is only bearish while trading below the 107.00 level, key technical support is found at the 106.40 and 106.00 levels.
by OctaFX_Official
USDJPY 108.00 possibleThe US dollar has broken to the upside against the Japanese yen currency, following more bullish trade news regarding Sino-US trade talks. Now that bulls have broken above the 107.00 level the rally in the USDJPY pair could easily extend towards the 108.00 level. An inverted head and shoulders pattern on the lower time frames point to a potential move towards 108.80. The USDJPY pair is bullish while trading above the 106.40 level, key resistance is found at the 108.00 and 108.80 levels. The USDJPY pair is only bearish while trading below the 106.40 level, key technical support is found at the 106.00 and 105.40 levels.
by OctaFX_Official
USDJPY 107.00 revisitedThe US dollar has regained its short-term bullish bias against the Japanese yen currency as the pair recovers its former weekly losses. The USDJPY pair is being boosted by positive sentiment, as reports surface that Sino-US trade talks will begin next Thursday. Overall, a sustained move above the 107.00 resistance level opens-the-door for further gains towards the 108.00 level. The USDJPY pair is bullish while trading above the 106.40 level, key resistance is found at the 107.00 and 108.00 levels. The USDJPY pair is only bearish while trading below the 106.40 level, key technical support is found at the 106.00 and 105.00 levels.
by OctaFX_Official
USDJPY on the riseThe US dollar has staged a powerful reversal from the 104.50 level against the Japanese yen, with the counter-rally so far moving slightly above the 106.00 level. Buyers need to move price above the 106.40 level to really accelerate technical buying interest. The latest moves in the USDJPY reminds traders that the pair is incredibly sensitive to Sino-US trade news. The USDJPY pair is only bullish while trading above the 106.00 level, key technical resistance is found at the 106.40 and 107.00 levels. The USDJPY pair is bearish while trading below the 106.00 level, key support is found at the 105.50 and 104.50 levels.
by OctaFX_Official
USDJPY triangle in focusThe US dollar is holding onto its recent strong gains against the Japanese yen currency, following a bullish move above the 106.50 level. The four-hour time frame currently shows that a bullish upside breakout from a large triangle pattern has now taken place. The upside target is the 108.00 level, although USDJPY buyers currently face strong technical resistance from the 107.00 level. The USDJPY pair is only bearish while trading below the 106.50 level, key support is found at the 106.00 and 105.50 levels. The USDJPY pair is only bullish while trading above the 106.50 level, key technical resistance is found at the 107.00 and 108.00 levels.
by OctaFX_Official
USDJPY 106.90 swingThe US dollar has staged a huge recovery against the Japanese yen currency following the suspension of the latest US trade tariffs on China. The move towards the 106.90 level has provided an excellent swing trade for USDJPY bears, with the 105.00 level a solid target. Only a sustained move above the 106.90 level will start to shift the USDJPY pairs short-term bias to bullish. The USDJPY pair is only bearish while trading below the 106.90 level, key support is found at the 105.40 and 105.00 levels. The USDJPY pair is only bullish while trading below the 106.90 level, key technical resistance is found at the 107.30 and 107.60 levels
by OctaFX_Official
USDJPY 105.40 trigger levelThe US dollar has fallen to a fresh monthly trading low against the Japanese yen and bounced sharply, as risk-off trading sentiment pauses. The USDJPY pair may test back towards the 107.00 level if bulls can edge price back above the 106.60 resistance area. Technical indicators across the lower time frames are having a much-needed correction from extreme oversold levels. The USDJPY pair is bearish while trading below the 106.00 level, key support is found at the 105.50 and 105.00 levels. The USDJPY pair is only bullish while trading below the 106.00 level, key technical resistance is found at the 106.60 and 106.90 levels.
by OctaFX_Official
USDJPY watching 106.82The US dollar has reversed sharply against the Japanese yen after President Trump announced another round of trade tariffs on Chinese imports coming into America. The 106.40 level is now in focus, with the 106.82 level the foremost technical support before. Overall, a move below the 106.82 level will completely invalidate the bullish inverted head and shoulders pattern on the four-hour time frame The USDJPY pair is only bullish while trading above the 108.60 level, key resistance is found at the 109.00 and 109.30 levels. The USDJPY pair is bearish while trading below the 108.60 level, key technical support is found at the 106.82 and 106.40 levels.
by OctaFX_Official
USDJPY awaiting trade talks updateThe US dollar has pulled back from the 109.00 level against the Japanese yen currency, following bearish comments from President Trump towards Sino-US trade talks. A bullish inverted head and shoulders remain in play, with the 110.00 level still the favored target. Continued technical failure before the 109.00 resistance level will eventually start to weigh on the USDJPY pair. The USDJPY pair is bullish while trading above the 108.60 level, key resistance is found at the 109.00 and 110.00 level. The USDJPY pair is only bearish while trading below the 108.60 level, key technical support is found at the 108.40 and 108.00 levels.
by OctaFX_Official
USDJPY 110.00 likely targetThe US dollar continues to move higher against the Japanese yen, with the pair moving to a fresh monthly trading high on Tuesday. The 110.00 level is the preferred upside target for the USDJPY pair now that the 109.00 resistance level has been breached. USDJPY bears may also be looking to sell into strength around the 110.00 level if Sino-U.S trade talks fail to find a resolution. The USDJPY pair is bullish while trading above the 108.60 level, key resistance is found at the 109.55 and 110.00 level. The USDJPY pair is only bearish while trading below the 108.60 level, key technical support is found at the 108.40 and 108.00 levels.
by OctaFX_Official
USDJPY holding bear attackThe US dollar has started the new trading week testing the 108.00 handle against the Japanese yen currency despite escalating geopolitical tension in the Strait of Hormuz. The USDJPY suffered a strong rejection from just below the 109.30 area last week, bears will be looking for a lower weekly high. Overall, USDJPY sellers are likely to target the 107.00 to 106.80 support zone. The USDJPY pair is bearish while trading below the 108.00 level, key support is found at the 107.00 and 106.80 levels. The USDJPY pair is only bullish while trading above the 108.00 level, key technical resistance is found at the 108.93 and 109.23 levels.
by OctaFX_Official
USDJPY 107.00 targetThe US dollar is probing the downside against the Japanese yen currency after being strongly rejected from its key weekly pivot point. A sustained bearish breakdown below the 107.80 level is likely to see the USDJPY pair testing towards at least the 107.50 support level. The USDJPY pair also appears vulnerable to risk-off trading sentiment and a steep decline in global equity markets. The USDJPY pair is bearish while trading below the 108.23 level, sellers may test back towards the 107.50 and 107.10 levels. The USDJPY pair is only bullish while trading above the 108.23 level, key technical resistance remains at the 108.45 and 108.60 levels.
by OctaFX_Official
USDJPY holding gainsThe US dollar has made a strong upside break against the Japanese yen as the pair looks past the recent declines in global equity markets. The four-hour time frame shows a large bullish pattern, which holds one hundred and seventy point upside projection. Technical indicators are also turning higher and lending support to the recent range breakout in the USDJPY pair. The USDJPY pair is bullish while trading above the 109.60 level, key technical resistance is found at the 109.00 and 110.000 levels. If the USDJPY pair trades below the 108.60 level, key technical support is found at the 108.45 and 108.10 levels.
by OctaFX_Official
USDJPY 108.45 breakout neededThe greenback is once again firming against the Japanse yen currency, as the US dollar index climbs back above its key 200-day moving average. A sustained breakout above the 108.45 level is needed on an intraday basis to encourage further buying in the USDJPY pair. The key weekly upside targets for the USDJPY pair extended towards the 109.00 and 109.80 resistance levels. The USDJPY pair is only bearish while trading below the 108.45 level, key support is found at the 108.00 and 107.70 levels. If the USDJPY pair trades above the 108.45 level, key technical resistance is found at the 109.00 and 109.80 levels.
by OctaFX_Official
USDJPY risk-on boostThe US dollar has opened the new trading monthly strongly against the Japanese yen after a positive outcome from the G20 leaders meeting over the weekend. The 109.00 resistance level still remains the overall upside short-term objective for USDJPY bulls this week. USDJPY sellers may attempt to enter around this area, following the heavily bearish candle formation on the monthly time frame. The USDJPY pair is only bearish while trading below the 108.10 level, key support remains at the 107.80 and 107.00 levels. If the USDJPY pair trades above the 108.10 level, key technical resistance remains at the 108.44 and 109.00 levels.
by OctaFX_Official
USDJPY 108.65 upcoming resistanceThe US dollar has started to rise against the Japanese yen currency, with buyers now attempting to break away from the pair’s recently established trading range. The 108.65 level offers solid resistance, while the 109.00 level is the major intraday resistance level. If the move higher is a false breakout, the USDJPY pair could easily still test towards the 107.40 level this week. The USDJPY pair is only bearish while trading below the 108.44 level, key support is found at the 107.70 and 107.40 levels. If the USDJPY pair trades above the 108.44 level, key technical resistance is found at the 108.65 and 109.00 levels.
by OctaFX_Official
USDJPY 107.40 bearish targetThe US dollar starts the new trading month under heavy downside pressure against the Japanese yen following the bearish breakout below the 109.00 level. Further losses in the USDJPY pair still appear possible as the bearish head and shoulders pattern has a target of 107.40 level. The United States ISM report later today is likely to have a big impact on the direction of the US dollar. The USDJPY pair is heavily bearish while trading below the 108.70 level, key support is found at the 108.00 and 107.70 levels. If the USDJPY pair trades above the 108.70 level, key technical resistance is found at the 109.00 and 109.30 levels.
by OctaFX_Official
USDJPY pattern completeThe US dollar has started to reverse direction against the Japanese yen after finding strong technical resistance from the 109.92 level. The direction of the USDJPY pair is increasingly linked to the bearish head and shoulders pattern on the four-hour time frame. Overall, the bearish head and shoulders pattern on the four-hour time frame and the releases are core PCE data from the US economy are the main themes to watch. The USDJPY pair is only bearish while trading below the 109.80 level, key support is found at the 109.00 and 108.40 levels. If the USDJPY pair trades above the 109.80 level, key technical resistance is found at the 109.92 and 110.30 levels.
by OctaFX_Official
USDJPY nearing breakout supportThe US dollar has slipped back towards the worst trading levels of the week against the Japanese yen currency due to recessionary fears coming from the US bond market. USDJPY bulls have also been unable to move price above the 109.60 level placing the emphasis back towards the downside. The four-hour time frame chart continues to highlight that a break below the 109.00 level will trigger heavy technical selling. The USDJPY pair is heavily bearish while trading below the 109.60 level, key support is found at the 109.00 and 108.40 levels. If the USDJPY pair trades above the 109.60 level, key intraday resistance remains at the 109.80 and 110.00 levels.
by OctaFX_Official
109.00 major supportThe US dollar has opened early Monday trading under downside pressure against the Japanese yen after the pair suffered its softest weekly price close since January 2019. If USDJPY sellers can force price below the 109.00 support level, the 108.40 level will then start to come into focus. USDJPY bulls need to move price above the 109.80 level to negate the heavily bearish sentiment surrounding the pair. The USDJPY pair is heavily bearish while trading below the 109.00 level, key support is found at the 108.40 and 107.70 levels. If the USDJPY pair trades above the 109.80 level, key intraday resistance is found at the 110.00 and 110.30 levels.
by OctaFX_Official
USDJPY bearish below 110.00The US dollar is now under heavy selling pressure against the Japanese yen, following much weaker than expected PMI manufacturing data from the United States economy. The USDJPY pair has a bearish intraday bias while trading below the 110.00 level and could soon target the 109.00 level. If the 109.00 level is broken the 108.40 level then offers the strongest form of weekly support. The USDJPY pair is intraday bearish while trading below the 110.00 level, key support is found at the 109.00 and 108.40 levels. If the USDJPY pair trades above the 110.00 level, key intraday resistance is found at the 110.30 and 110.60 levels.
by OctaFX_Official
USDJPY slight bearish biasThe US dollar is under slight downward pressure against the Japanese yen currency on Thursday as the pair continues to correct lower after finding strong resistance above the 110.60 level. Further losses below the 110.20 support level should trigger additional intraday weakness towards the psychological 110.00 level. The 110.90 level is now the strongest form of weekly technical resistance for the USDJPY pair above the 110.60 level. The USDJPY pair is intraday bullish while trading above the 110.30 level, key resistance is found at the 110.60 and 110.90 levels. If the USDJPY pair trades below the 110.30 level, key intraday support is found at the 110.20 and 110.00 levels.
by OctaFX_Official