The US Dollar depreciated 0.12% against the Japanese Yen since Friday’s session. On Monday, the US Dollar was located at the 113.79 mark.
In regards to the near-term future, the US dollar will trade sideways due to the resistance of the 55-hour and the 100-hour SMAs together with the resistance of the weekly PP at the 113.94 mark. Moreover, the rate is supported by the 200-hour SMA and the medium ascending pattern’s bottom line, which should not let the rate to go downwards during the day.
However, the strong resistances may let the rate to pass the supports, and on the other side, the strong supports may let the rate to break the resistances.
In regards to the near-term future, the US dollar will trade sideways due to the resistance of the 55-hour and the 100-hour SMAs together with the resistance of the weekly PP at the 113.94 mark. Moreover, the rate is supported by the 200-hour SMA and the medium ascending pattern’s bottom line, which should not let the rate to go downwards during the day.
However, the strong resistances may let the rate to pass the supports, and on the other side, the strong supports may let the rate to break the resistances.
Comment:
The US Dollar appreciated 0.17% against the Japanese Yen since Tuesday’s session. On Wednesday, the US Dollar was resisted by the 55-hour SMA to trade at the 113.13 mark.
In regards to the near-term future, most likely, the US dollar will trade sideways to reach the bottom boundary of the ascending medium pattern at the 112.80 level during the day. The rate is waiting for break-out to trade upwards or downwards in the following trading session.
However, the rate could pass through the support of the weekly S2 at the 112.91 mark and use the weekly S2 as resistance to pass the medium pattern.
The US Dollar appreciated 0.17% against the Japanese Yen since Tuesday’s session. On Wednesday, the US Dollar was resisted by the 55-hour SMA to trade at the 113.13 mark.
In regards to the near-term future, most likely, the US dollar will trade sideways to reach the bottom boundary of the ascending medium pattern at the 112.80 level during the day. The rate is waiting for break-out to trade upwards or downwards in the following trading session.
However, the rate could pass through the support of the weekly S2 at the 112.91 mark and use the weekly S2 as resistance to pass the medium pattern.
Comment:
The US Dollar depreciated 0.50% against the Japanese Yen since Wednesday’s session. On Thursday, the US Dollar was trading below the weekly S3 at the 112.29 mark.
In regards to the near-term future, most likely, the US dollar will trade downwards due to the resistance of the weekly S3 at the 112.31 mark. The simple moving averages will try to catch up the rate during the session. It is expected that the rate will trade at the 111.80 level on Thursday.
However, today’s significant US fundamental data sets may break the prediction for this currency pair. Watch out for the news!
The US Dollar depreciated 0.50% against the Japanese Yen since Wednesday’s session. On Thursday, the US Dollar was trading below the weekly S3 at the 112.29 mark.
In regards to the near-term future, most likely, the US dollar will trade downwards due to the resistance of the weekly S3 at the 112.31 mark. The simple moving averages will try to catch up the rate during the session. It is expected that the rate will trade at the 111.80 level on Thursday.
However, today’s significant US fundamental data sets may break the prediction for this currency pair. Watch out for the news!
Comment:
The US Dollar appreciated 0.43% against the Japanese Yen since Thursday’s session. During the previous trading session, the currency pair was trading below the weekly S3 at the 111.80 level. On Friday, the US Dollar was trading between the weekly S3 and the monthly PP at the 112.43 mark.
In regards to the near-term future, most likely, the US dollar will trade downside due to the resistance of the 55-hour SMA. It is expected that the rate will drop to the 111.40 level during the day.
However, the US Dollar might trade sideways to stay at the 112.00 level due to a lack of fundamentals during the trading session.
The US Dollar appreciated 0.43% against the Japanese Yen since Thursday’s session. During the previous trading session, the currency pair was trading below the weekly S3 at the 111.80 level. On Friday, the US Dollar was trading between the weekly S3 and the monthly PP at the 112.43 mark.
In regards to the near-term future, most likely, the US dollar will trade downside due to the resistance of the 55-hour SMA. It is expected that the rate will drop to the 111.40 level during the day.
However, the US Dollar might trade sideways to stay at the 112.00 level due to a lack of fundamentals during the trading session.
The US Dollar depreciated 0.45% against the Japanese Yen since Monday’s session. On Tuesday, the US Dollar was traded between the weekly S1 and the weekly S2 at the 113.22 mark.
In regards to the near-term future, most likely, the US dollar will trade downwards to the weekly S2 at the 112.91 mark during the day. The weekly S2 resists the rate at the 113.33 mark, which should give an additional push for the rate to trade downside.
Besides, the simple moving averages will try to catch up the rate during the trading day.