The US dollar is attempting to recover above the 106.90 level against the Japanese yen, with the pair appearing to have found an interim price floor. The USDJPY could drift higher towards 107.45 level this week, as initial Sino-US trade talk optimism dominates market sentiment. Overall, the USDJPY pair is technically bearish while trading under the important...
The US dollar is under increasing downside pressure against the Japanese yen currency as global equity markets and the greenback falters over recent US data misses. The 106.90 level is now the key support region that bears must break to force a further decline toward the 105.50 level. Overall, the USDJPY has a strong intraday bearish bias while trading below the...
The US dollar continues to recover higher against the Japanese yen currency as the pair move back towards the pivotal 107.70 level. The rebound from the 106.90 level has been fairly rapid and suggests that the USDJPY pair could still probe above the 108.00 level over the medium-term. Overall, bulls have the upper hand as long as the USDJPY pair trades above the...
Midterm forecast: While the price is above the support 115.850, beginning of uptrend is expected. We make sure when the resistance at 120.800 breaks. If the support at 115.850 is broken, the short-term forecast -beginning of uptrend- will be invalid. Technical analysis: There is a divergence in RSI and price between the trough at 117.665 on 2019-08-05 and the...
The 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...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=133.55. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=134.55. TP4: R2=135.15. Set the stoploss of these orders at breakout of S2=133.35. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
The 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...
The 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...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=128.65. But the short term forecast is range bound, so we expect to reach the following targets: TP3: S1=127.5. TP4: S2=126.85. Set the stoploss of these orders at breakout of R2=128.85. Stop and reverse: If trend gets reversed, buy (stop) orders will be opened at breakout of...
The 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...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=129. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=130.05. TP4: R2=130.7. Set the stoploss of these orders at breakout of S2=128.55. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
The 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...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=128.9. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=129.65. TP4: R2=130.05. Set the stoploss of these orders at breakout of S2=128.65. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=128.65. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=129.55. TP4: R2=130.05. Set the stoploss of these orders at breakout of S2=128.35. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
The 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...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=118.05. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=118.75. TP4: R2=119.05. Set the stoploss of these orders at breakout of S2=117.95. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=127.8. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=128.9. TP4: R2=129.25. Set the stoploss of these orders at breakout of S2=127.45. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...
As we forecast uptrend for this day, so Forecast City suggests buy (limit) above S1=127.2. But the short term forecast is range bound, so we expect to reach the following targets: TP3: R1=128.1. TP4: R2=128.55. Set the stoploss of these orders at breakout of S2=126.65. Stop and reverse: If trend gets reversed, sell (stop) orders will be opened at breakout of...