USD JPY

[Samirofi]

USD/JPY Weekly Technical Report 11-15/8/2014



The pair rebounded to the upside after retesting the previously breached resistance showing on graph, while Stochastic is almost showing a positive crossover on the daily graph supporting extending the overall positive expectations targeting 105.00 mainly, while achieving them require stability above 101.65 - 100.75.

[Raam]

USD/JPY - 12.08.2014

USD/JPY is trading at 102.19, down -0.01% on the day, having posted a daily high at 102.21 and low at 102.15.

USD/JPY Support / Resistance Levels

Support levels: 101.95 101.60 101.20

Resistance levels: 102.35 102.80 103.10.

Hourly RSI is bullish above 60.

Trend overall looking slightly bullish at the moment.

[Yousuf Ali]

USDJPY starts the week with a soft tone, trading however steady above the 102.00 mark. A spike that approached 102.80 strong static resistance area saw price retracing back lower, but finding buyers around at mentioned 102.00 price zone, turning the upside a bit more attractive in term.

The hourly chart however shows price contained below it 100 SMA and indicators mostly flat below their midlines, while the 4 hours chart shows indicators in neutral territory and price standing above bullish moving averages. A daily descendant trend line coming from this year high of 105.43, stands today at 102.85 reinforcing the strength of the resistance area, and a break above it will favor a recovery beyond the 103.00 level

[Samirofi]

USD/JPY Weekly Technical Report 18-22/8/2014



The pair remains stable above the MA 50 & 100 that form solid support floor for the pair, supporting the upside move over intraday and short term basis, targeting initially 105.40. A breakout below 131.30 will weaken the upside move and push the pair toward the critical 100.75 areas.

[Samirofi]

USD/JPY Weekly Technical Report 25-29/8/2014



The pair is still trading positively approaching the targeted area 105.40, as momentum indicators are entering overbought areas showing the possibility of sideways trading abd a temporary bearish bias in the upcoming period. The pair is continuously supported by SMA 50 and 100, while the upside move remains valid as long as the pair is stable above 102.15.

[PCMAnalyst]

On the H1 TF, the price is on 0.886 fibo level. If a hidden negative divergence happened, we are expecting a drop to take place.

[ROGER]

Dollar gaps higher against the yen trading a few pips below past week high of 104.26, and with the hourly chart showing a strong upward momentum coming form technical indicators, as price extends above moving averages, supporting a continued advance.

In the 4 hours chart indicators also aim higher above their midlines as price develops well above moving averages, supporting the shorter term view. Dips down to 103.50/60 area will likely attract buyers rather than signal a downward continuation, with a break above 104.50 required to confirm a stronger upward momentum.

[Samirofi]

USD/JPY Weekly Technical Report 1-5/9/2014



The pair traded again above 104.00 and is getting further positive catalysts that support the bullish bias intraday, whereas SMA 50 and 100 are still supporting the pair from the downside. Hence, the bullish scenario remains valid in the upcoming period as long as the pair stabilizes above 102.35.

[Yousuf Ali]

Following the knee-jerk reaction to poor US Non-farm payrolls, USDJPY pushed even lower dropped below the 104.70 support area to hit fresh daily lows most recent.

The greenback suffered as the US created the fewest jobs in 8 months, raising doubts about the strength of the economic recovery. US non-farm payrolls rose by 142,000 in August versus 225.000 expected.

USDJPY staged a mild rebound form post-NFP but quickly resumed the slide and printed a low of 104.67. However, the pair was still on track to post a its third weekly gain in four, having reached a 6 year peak of 105.70 earlier on the day.

[Samirofi]

USD/JPY Weekly Technical Report 8-12/9/2014



The pair is still fluctuating close to the previously recorded top 105.43 and is stable below it, while momentum indicators are providing negative signals on the daily graph keeping the opportunities of negative trading valid waiting to move towards 103.05. A break below the referred to level extends bearishness towards 100.75, while breaking 105.43 pushes the pair to trade positively and the next targets reside at 107.00.