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USDJPY

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
Weekly forecast for EURUSD USDCHF USDCAD GBPUSD USDJPYBOC decide During the upcoming trading week, central bank action takes center stage, with interest rate decisions from the Bank of Japan, Central Bank of Turkey and the Bank of Japan. The Bank of Canada rate decision is likely to capture the spotlight, as market participants wait to see if the BOC will follow other central banks across the globe and adopt a more dovish stance towards interest rates. The United States economy is also heavily in focus this week as we see Housing, Manufacturing, GDP and Trade data releases from the world’s largest economy. We also see important quarterly Inflation data and projections being released from the Australian economy. Monday 22nd April, USD US Manufacturing PMI The United States PMI Composite reports on Manufacturing activity inside the American economy and represents economic indicators derived from monthly surveys of private sector companies. The Purchase Managers Index data provides advance insight into the private sector economy by tracking variables such as output, new orders, employment and prices across key sectors. ∙ The EURUSD pair is only bearish while trading below the 1.1290 level, key support is found at the 1.1175 and 1.1110 levels. ∙ If the EURUSD pair moves above the 1.1290 level, buyers will likely test towards the 1.1330 and 1.1360 resistance levels. Tuesday 23rd April, USD US Housing Price Index The United States Housing Price Index is released by the Office of Federal Reserve Housing Enterprise Oversight and is a broad measure of the movement of single-family house prices. The Housing Price Index measures average price changes in repeat sales or refinancings on the same properties in three hundred and sixty-three metropolises. It is an important indicator as the housing market is considered as a sensitive factor to the US economy. ∙ The USDCHF pair is bullish while trading above the 1.0100 level, key resistance is found at the 1.0220 and 1.0350 levels. ∙ If the USDCHF pair moves below the 1.0100 level, sellers may test the 1.0050 and 1.0000 support levels. Wednesday 24th April, CAD Bank of Canada Rate Decision The Bank of Canada Interest Rate Decision is a decision of the governing council members on where to set the nations interest rate. Most market participants believe that the Bank of Canada will leave interest rates on hold this week after a series of hikes last year. After the actual rate decision, the central bank releases a policy statement that contains the BOC’s collective perspective on the economy also ideas about future monetary policy. ∙ The USDCAD pair is only bullish while trading above the 1.3240 level, further upside towards 1.3450 and 1.3580 levels would then seem possible. ∙ If the USDCAD pair trades below the 1.3300 level, sellers are likely to test the 1.32605and 1.3220 support levels. Thursday 25th April, USD US Durable Goods Orders US Durable Goods Orders is a government report and is released by the US Census Bureau which measures consumer spending on long-term purchases, products that are expected to last more than three years. Durable goods are generally sensitive to monthly volatility as US consumers may delay purchases of durable items such as cars and televisions and choose to only spend money on necessities in times of economic hardship. ∙ The GBPUSD pair is bearish while trading below the 1.3100 level, key support is found at the 1.2985 and 1.2880 levels. ∙ If the GBPUSD pair moves above the 1.3100 level, buyers will likely test towards the 1.3155 and 1.3200 resistance levels. Friday 26th April, USD US GDP Annualized United States GDP Annualized is released by the US Bureau of Economic Analysis and is based on quarterly economic data. US Gross Domestic Products is the market value of all final goods and services from a nation, usually calculated on an annual basis. Because most of the report components are known in advance, the United States GDP reports significance and ability to move markets has decreased. ∙ The USDJPY pair is bullish while trading above the 111.60 level, further upside towards the 112.60 and 113.20 resistance levels seems possible. ∙ If the USDjpy pair trades below the 111.60 level, sellers are likely to test towards the 111.30 and 110.90 support 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 uptrend for this day, so Forecast City suggests buy (limit) above S1=113.3. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=113.8. TP4: R2=114.2. Set the stoploss of these orders at breakout of S2=113.15. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of S2=113.15. In this situation, there is an expectation to reach the target S3=112.55. Set the stoploss of reverse orders at breakout of S1=113.3. 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!
Long
by ForecastCity
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