Dukascopy
Long

USD/JPY daily overview

FX:USDJPY   U.S. Dollar / Japanese Yen
The US Dollar appreciated 0.66% against the Japanese Yen since Friday’s session. On Monday, the US Dollar was located above the trend-line near the weekly R1 at the 113.98 mark.

In regards to the near future, the rate will surge to the weekly R1 at the 114.13 mark but should bounce off it due to its resistance. Most likely, the rate will move back to the pattern to trade at the 113.60 level during the day.

On the other hand, the might break the resistance of the weekly R1 at the 114.13 level to move upwards to the weekly R2 at the 114.56 mark.
Comment:

The US Dollar depreciated 0.09% against the Japanese Yen since Monday’s session. On Tuesday, the US Dollar was resisted by the 55-hour simple moving average to allocate the rate at the 113.74 mark.

In regards to the near future, most likely, the rate move downside towards the weekly PP at the 113.28 mark. The 200– hour simple moving average should catch up the rate to give support to push US Dollar upwards during the trading session.

On the other hand, the rate might change its direction, and the 55-hour simple moving average could play a role of support for the currency pair to push it towards the weekly R1 at the 114.13 mark.
Comment:

The US Dollar depreciated 0.08% against the Japanese Yen since Tuesday’s session. On Wednesday morning, the currency pair was squeezed between the 55-hour and the 100-hour SMAs at the 113.83 mark.

In regards to the near future, most likely, the US Dollar will continue surge upwards to the weekly R1 at the 114.13 level. The 100-hour SMA will support the rate during the trading session.

On the other hand, the resistance of the 55-hour simple moving average might pass the 100-hour SMA support to push the currency exchange rate to go towards the weekly pivot point at the 113.28 level.
Comment:

The US Dollar appreciated 0.61% against the Japanese Yen since Wednesday’s session. On Thursday morning, the US Dollar was traded between the weekly R1 and the weekly R2 at the 114.22 mark.

During Thursday’s trading session, most likely the rate will be traded sideways at the medium ascending pattern at the 114.40 level. The SMAs will try to catch the rate to give additional support for the currency pair.

On the other side, the rate might take the support of the pattern line to break the weekly R2 at the 114.56 mark to trade near the 114.60 level during the day.
Comment:

The US Dollar depreciated 0.36% against the Japanese Yen since Thursday’s session. On Friday morning, the US Dollar was resisted by the 100-hour SMA at the 113.91 mark.

In regards to the near future, the rate will trade sideways due to the resistance of the weekly R1 at the 114.13 mark and the SMAs. Also, the rate is supported by the 200-hour SMA at the bottom boundary of the large ascending pattern. Most likely, the rate will trade at the 113.60 level during the day.

On the other side, the rate might break the resistance of the SMAs and use the SMAs as support to break the weekly R1 at the 114.13 mark.
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