FX:USDJPY   U.S. Dollar / Japanese Yen


The US Dollar appreciated 0.19% against the Japanese Yen since Friday’s session. During Monday morning hours, the currency pair bounced off the upper boundary of the large descending pattern at 112.66 mark.

In regards to the near future, most likely, the rate should go downwards towards the weekly PP at 112.38 mark. Later, the rate might trade sideways during the session on Monday.

On the other side, the 55-hour and 100-hour simple moving averages may support the US Dollar to break the large pattern once again to trade in the 112.80 on Monday.
Comment:

The US Dollar appreciated 0.38% against the Japanese Yen since Monday’s session. During Tuesday morning hours, the currency pair was located at 112.94 mark.

In regards to the near future, most likely, the rate will surge upwards to the weekly R1 at the 113.10 mark. The 55-hour and the 100-hour simple moving averages are trying to catch up the rate to give additional support to the rate on Tuesday.

On the other side, the fundamental news may affect the rate to move to any side, which may break today’s predictions for the currency exchange pair.
Comment:

The US Dollar appreciated 0.11% against the Japanese Yen since Tuesday’s session. During Wednesday morning hours, the US Dollar was located at 112.82 mark.

In regards to the near future, the rate will surge towards the weekly R1 at the 113.10 mark on Wednesday. Most likely, the rate will be traded in the 113.00 area with the support of the 55-hour and the 100-hour SMAs during the trading day.

On the other hand, the rate could get affected by fundamentals, which will occur during the day. Watch out for news!
Comment:

The US Dollar appreciated 0.70% against the Japanese Yen since Thursday’s session. On Friday, the US Dollar was located between the monthly R2 and the weekly R2 at the 113.44 mark.

In regards to the near future, the rate will surge to the weekly R2 at the 113.59 mark but might bounce off the level to keep trading in the 113.50 are during the day. During the Friday trading session, the simple moving averages will try to catch up the rate to give additional support to break the resistance of the weekly R2.

On the other side, the rate might ignore the weekly R2 resistance to break through the 113.59 level to trade in the 113.70 area.
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