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frazjee83's Blog
USD/JPY Down trend
Bearish if breaches below 110.50
The US Dollar advanced against the Yen in the previous session, after the consumer confidence in the US surprisingly accelerated at its strongest pace in 17 years in November. Currently, the pair is trading with a weak showing on the 1H chart, following reports that North Korea test fired an intercontinental ballistic missile. Also, a possible signal line crossover by the MACD from above, further confirms the above view. Meanwhile, traders would keenly watch s…
USD/JPY Down Trend
y outlook remains bearish, for a slide towards 111.50 zone. Crucial on the upside is 112.80 peak.
resistancesupport
resistancesupport
USD/JPY UP Trend
Currently, USD/JPY is trading at 113.21, down -0.05% on the day, having posted a daily high at 113.32 and low at 113.06. USD/JPY is unable to maintain the opening bid in Tokyo of a mere 20 pips and is being pressured back to the downside and towards 113 the figure again. 113.68 was high in European trade and the pair was sold off on risk aversion. The North Korean situation keeps a lid on rallies. North Korea says it aims to have an intercontinental ballistic missile that can hit the U.S. this y…
USD/JPY Down trend
However, should 110.50 hold, a phase of consolidation could be in play between there and 111.35 (200 day smoothed sma).
USD/JPY Up trend
Suport 111.200
111.250
111.250
USD/JPY
Current level - 114.807
Yesterday's slide completes the corrective pattern below 115.50 and my outlook is bullish, for a rise towards 115.70 resistance area. The latter should be the final leg of the whole rebound above 111.60 lows.
resistance support intraday intraweek 114.10 114.10 114.10 113.37
Yesterday's slide completes the corrective pattern below 115.50 and my outlook is bullish, for a rise towards 115.70 resistance area. The latter should be the final leg of the whole rebound above 111.60 lows.
resistance support intraday intraweek 114.10 114.10 114.10 113.37
Up trend
The USDJPY pair traded firmer for a fourth successive week and closed at 110.31 on Friday, following a high at 110.45. As of now, weekly MACD is moving higher coupled with the RSI and stochastic indicators trading with a positive bias, suggests at the presence of bullish momentum in the coming week. Daily MACD is trading in the positive territory along with the RSI and stochastic are tranquil above their 50lines, further validating the bullish view. Key resistance resides at the upper Bollinger…