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USDJPY

26 Sept, Full Market AnalysisToday USD,NZD Is Syncing.(cad strength, USD strength and nzd temporary strength) CAD- It made move at the same time when USD news came in into the markets. however, it's not syncing. FX:AUDCAD and FX:NZDCAD reacting differently. I know why because nzd has it's own sync and aud is following the nzd that's why they're doing their own thing. but it has a purpose and has volume and also many sister pairs. this is absolutely tradeable. FX:EURCAD FX:CADCHF FX:CADJPY FX:GBPCAD USD- It has sync. and also yesterday had the news as well. i can see some making moves and in FX:NZDUSD and FX:AUDUSD and in FX:USDCAD . have liitle bit ofsync because of the same reason. pairs from USD group are FX:EURUSD and FX:USDCHF and FX:USDJPY . NZD- It's in sync. but I don't like it because this is weak in daily tf and also no purpose behind the moves however it has volumes may be because of market opening. so no pairs from this group.
by Chimpanzees
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
Don't miss the great buy opportunity in USDJPYTrading suggestion: . There is a possibility of temporary retracement to suggested support line (106.75). if so, traders can set orders based on Price Action and expect to reach short-term targets. Technical analysis: . USDJPY is in a range bound and the beginning of uptrend is expected. .The price is above the 21-Day WEMA which acts as a dynamic support. . The RSI is at 63. Take Profits: TP1= @ 107.80 TP2= @ 109.00 TP3= @ 110.60 SL= Break below S2
Long
by ForecastCity_EU
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 - Elliot Wave Analysis - Full + Target LongUSDJPY complete cycle Elliot wave analysis. The grand cycle started at 147.7 till 75.5 = ((V)). A huge correction . The Initial half looks like a descending triangle. And we could do the elliot labelling differently. But When we marked ((0)), from where we started, so the way the labeling happened is little different. But felt that is ok as we need to do the markings based on the current visible area and can correct the labeling when the large picture is out may be after 10-20 years. Current marking hold good. The travel from ((0)) to ((V)) is a huge amount of correction. Possibly we will tell it complex correction. Then the upward movement started to reach ((A)) = 125.698. Then a symmetrical triangle correction happend. This looks like a cup and handle pattern. It looks it is going to go for an uptrend. But that will be confirmed in coming days. If the price goes up , we target 126.1 as our target 1. From Elliot wave perspective, we can assume we are going to make the ((C)) little above our T1. So if it goes above/breaksout our T1, then we can travel till ((C)) = 136.8.
Long
by sudhannayak
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 Intraday ForecastAs we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=108.65. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=109.15. TP4: R2=109.35. Set the stoploss of these orders at breakout of S2=108.45. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=108.45. In this situation, there is an expectation to reach the target S3=107.8. Set the stoploss of reverse orders at breakout of S1=108.65. 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!
Long
by ForecastCity_EU
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