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Dollar-yen

USDJPY chasing bullish targetThe US dollar has recovered back above 110.00 level against the Japanese yen currency following a brief correction towards the 109.70 support level. USDJPY bulls now appear to be launching a fresh attack towards key breakout resistance, at the 110.60 resistance level. Technical indicators on the four-hour time frame are still pointing higher as short-term bullish momentum continues to grow. The USDJPY pair is bullish while trading above the 109.66 level, key resistance is found at the 110.20 and 110.60 levels. If the USDJPY pair trades below the 110.00 level, key intraday support is found at the 109.66 and 109.00 levels.
by OctaFX_Official
USDJPY 110.60 major resistanceThe US dollar is trading back above the 110.00 level against the Japanese yen currency following a renewed bid tone surrounding the greenback. If USDJPY bulls can continue to hold price above the 110.00 level we may see another technical attempt towards the resistance 110.60 level. The 109.66 support level now becomes the key weekly pivot point for the USDJPY pair. The USDJPY pair is only bearish while trading below the 109.66 level, key support is found at the 109.00 and 108.40 levels. If the USDJPY pair holds above the 109.66 level, key intraday resistance is found at the 110.00 and 110.60 levels.
by OctaFX_Official
USDJPY rejected from 110.00The US dollar is once turning lower against the Japanese yen currency after the recent rally in the pair found strong resistance from the 110.00 level. If sellers can move price back under the 109.66 level technical selling in the USDJPY pair is likely to increase. Technical indicators on the four-hour time frame have now corrected back to neutral and are ready for the next directional move. The USDJPY pair is only bearish while trading below the 109.66 level, key support is found at the 109.00 and 108.40 levels. If the USDJPY pair holds above the 109.66 level, key intraday resistance is found at the 110.00 and 110.20 levels.
by OctaFX_Official
USDJPY 108.49 next big levelThe US dollar has fallen to a fresh monthly trading low against the Japanese yen currency after the Chinese government announced retaliatory measures to US trade tariffs. The 108.49 level is major weekly support if sellers move the USDJPY pair below the 109.00 support level. The USDJPY pair offers only limited technical support until the 107.90 level if the 108.49 level is breached. The USDJPY pair is heavily bearish while trading below the 109.50, key support is found at the 109.00 and 108.49 levels. If the USDJPY pair trades above the 109.50 level, key intraday resistance is found at the 109.80 and 110.00 levels.
by OctaFX_Official
USDJPY still weakThe US dollar has opened the trading week under pressure against the Japanese yen as Asian equity markets suffer early week losses. The USDJPY pair is likely to come under additional downside selling pressure if the 109.40 level is broken with conviction. If the USDJPY pair advances above the 110.00 level, buyers could force price back towards the 110.30 technical level. The USDJPY pair is bearish while trading below the 110.00, key intraday support is found at the 109.40 and 108.80 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 109.80 now keyThe US dollar continues to tumble lower against the Japanese yen on Wednesday as global equity markets come under a fresh round of selling pressure. The USDJPY pair is moving closer to the important 109.80 now that the 110.00 level support level has been broken. The bullish pattern on the four-hour time frame has now been invalidated by the recent drop in the USDJPY pair. The USDJPY pair is heavily bearish while trading below the 110.25, key intraday support is found at the 109.80 and 109.50 levels. If the USDJPY pair trades above the 110.25 level, key intraday resistance is found at the 110.80 and 111.10 levels.
by OctaFX_Official
USDJPY heavily bearish below 110.90The US dollar has come under renewed downside pressure against the Japanese yen on Monday, following bearish comments surrounding Sino-US trade talks from President Trump. The USDJPY pair has a strong bearish intraday bias while trading below the 110.90 level and may target the 110.00 level. Traders should be aware that the large inverted head and shoulders pattern on the four-hour time frame still remains valid. The USDJPY pair is heavily bearish while trading below the 110.90, key intraday support is found at the 110.40 and 110.00 levels. If the USDJPY pair trades above the 110.90 level, key intraday resistance remains at the 111.30 and 111.60 levels.
by OctaFX_Official
3
USDJPY turning bearishThe US dollar is back under pressure against the Japanese yen currency on Tuesday after the pair found strong resistance from the 111.88 level. The sentiment towards the USDJPY pair is intraday bearish while price trades below the 111.60 technical level. If sellers can move price under the 111.40 level they will trigger a head and shoulders pattern with a downside projection of fifty points. The USDJPY pair is bearish while trading below the 111.60, key intraday support is found at the 111.40 and 110.90 levels. If the USDJPY pair trades above the 111.60 level, key intraday resistance remains at the 111.88 and 112.00 levels.
by OctaFX_Official
USDJPY bearish below 111.60The US dollar is coming under pressure against the Japanese yen currency following a fake technical breakout above the 112.00 level. The intraday sentiment towards the USDJPY pair remains bearish while price trades below the 111.60 support level. Overall, the next large directional move in the USDJPY is likely to come after the release of first quarter GDP from the US economy later today. The USDJPY pair is only bullish while trading above the 111.60, key intraday resistance is found at the 112.00 and 112.40 levels. If the USDJPY pair trades below the 111.60 level, key intraday support remains at the 111.30 and 111.10 levels.
by OctaFX_Official
USDJPY Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=111.7. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=111.35. TP4: S2=111.25. Set the stoploss of these orders at breakout of R2=111.8. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=111.8. In this situation, there is an expectation to reach the target R3=112.35. Set the stoploss of reverse orders at breakout of R1=111.7. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Short
by ForecastCity_EU
1
USDJPY testing weekly pivotThe US dollar has fallen back towards its weekly pivot point against the Japanese yen currency after buyers failed to move price above the 112.00 level. The move lower is currently seen as a technical correction, as bulls have been able to maintain the USDJPY pair above the pivotal 111.68 level. The inverted head and shoulders pattern on the four-hour time frame remains valid while price trades above the 110.30 level. The USDJPY pair is intraday bullish while trading above the 111.68, key intraday resistance is found at the 112.00 and 113.20 levels. If the USDJPY pair trades below the 111.68 level, key intraday support is found at the 111.30 and 110.90 levels.
by OctaFX_Official
USDJPY Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=113.4. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=112.9. TP4: S2=112.6. Set the stoploss of these orders at breakout of R2=113.5. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=113.5. In this situation, there is an expectation to reach the target R3=114.05. Set the stoploss of reverse orders at breakout of R1=113.4. Set the stoploss of reverse orders at breakout of R1=0.996. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Short
by ForecastCity
2
USDJPY Intraday ForecastAs we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=114.1. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=113.7. TP4: S2=113.5. Set the stoploss of these orders at breakout of R2=114.2. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of R2=114.2. In this situation, there is an expectation to reach the target R3=114.75. Set the stoploss of reverse orders at breakout of R1=114.1. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you!
Short
by ForecastCity
2
USDJPY Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=112.3. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=112.8. TP4: R2=113.25. Set the stoploss of these orders at breakout of S2=112.1. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=112.1. In this situation, there is an expectation to reach the target S3=111.45. Set the stoploss of reverse orders at breakout of S1=112.3. If you would like to trade in the next 24 hours , the intraday forecasts of ForecastCity will show you the most accurate and the most likely actions and swings of the market. Our intraday forecasts are available before those of all the other sites. Our intraday forecasts are available very early in the day. It is one of ForecastCity’s glorious and positive qualities. This quality has made us the first forecaster that forecast tomorrow for you! ALL OF OUR INTRADAY FORECASTS ARE VALID FOR 24 HOURS FROM RELEASE TIME.
Long
by ForecastCity