USD\JPY

[Avka]

This pair are trying to achieve a 124,00 resistant level. Now it is a rollback here. The support level is 122,00

 

[Dmitriy Ushakov]

If the pair couldn't settle above the previous max, it will be a close a call for bulls. But it is early days to speak about the top, when the pair is trading above 199.80. It is very sensitive to FRS behavior, so you had better not make any trades.

 

[Avka]

The pair reduces to the area of 118.60. If it breaks this support, the next target will be at 116,00 level.

 

[Dmitriy Ushakov]

In general, the situation has not changed in a pair, so it continues to consolidate in the range. If it isn't able to settle above 120.00, it will go toward 116.00. Break of 118.26 support will led to decrease till 117.00.

 

[Avka]

Another rollback from 118.60 support level. There was a feeling that the quotes finally broke through this level. I think we will go further into the area of 120,00-121,00.

 

[Dmitriy Ushakov]

Yen in tandem with the dollar shows excellent volatility. Bulls face off with bears. There was a draw as a result. The pair has stabilized and is expected to be traded at 119.03 level.

 

[sininfinity]

There was monetary policy statement from bank of japan. It pulled the pair down and now it is trying to recover from 118.55 zone.

 

[robin.bob]

Yen is going to stay into this triangle. So, you had better sell it with target of 118,50

 

[Dmitriy Ushakov]

On Monday the US dollar with the Japanese Yen showed a positive trend, slowly rising above the 120.00 level. In the Asian session the bulls tested resistance at 120.28, but they couldn't break it. Despite the rise above 120.00, the pair dynamic isn't reliable, so to exclude falling below this level is not necessary. In general, the Consolidation phase continues. To resume the uptrend dollar needs confident breaking level of 120.00. Until then, the downside risks will persist.

 

[robin.bob]

Yen is still inside the pennon pattern . So, you had better make buyings after 118.90 level.

 

[robin.bob]

Yen have formed new resistance of 121,20, and now it pivots through to 118,70

 

[sininfinity]

Today expecting some movement in the NY session. I am waiting to make some decent pips.

 

[Dmitriy Ushakov]

USDJPY has a very good prospects in long term. D1 chart shows us that the pair increased. I guess the pair will go upward further.

 

[robin.bob]

Too early to predict that Yen reached a pivot point cause channel seems rather sustainable. Of course, we focus on the point 126.00. Moving upwards is rather probabale

 

[robin.bob]

As we expecred, Yen is forming triangle with the upper border lower 126, in particular, 125.85. The same level will be the border for this growth period

 

[Dmitriy Ushakov]

The pair has a negative attitude. After another attempt to test the resistance level of 124.37 pair retreated to 123.65 support and if the bears strikes this level, the trend will continue. Otherwise, the bulls will not leave attempts to test the above mentioned resistance level.

 

[Dmitriy Ushakov]

Recently this week, US dollar/Yen continued decline and tested support around 121.75 and moved down to 120.41. Then the pair tried to recover and went up to resistance 121.53, which successfully refrains bulls. Break of current support would enable bears to proof test a psychologically important point 120.00. Growth above 122.00 would bring an ascending trend to life and we cannot exclude this plan.

 

[robin.bob]

Yen is demonstrating a steady development in a descending channel. But we shall remember that growth of the pair is expected within the frames of a middle-term forecast

 

[robin.bob]

The yen is likely to finish the period of growth and now is forming a small correction to compensate overboughtness

 

[Dmitriy Ushakov]

This pair is going to trade in this narrow channel. First it will go down to lower border, then – to upper. I guess, to break Low is more difficult now, than to break High. So, we will see.