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Thread: Dollar/yen

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    Default Dollar/yen

    Dollar/yen
    Last week's range: 121.19 122.14 (Up)
    Previous range: 120.85 121.89 (Up)
    Dollar/yen climbed to a four-month high of 122.14 on Friday and virtually matched the five-year high of 122.18. The outlook is cautiously bullish, but the pace of the rally should slow.
    Above 122.18 the next resistance comes at 122.50 from another 50-point pivot, which targets 122.00 and 123.00. Distant resistance is at 124.00.
    Initial support is 121.80. Key support level remains at 121.05 from a 50-point pivot, which targets 120.55 and 121.55. Below 120.00, strong support comes at 119.65 from another 50-point pivot that targets 119.15 and 120.15. Next level is 118.85. Distant support remains at 118.25 from a 50-point pivot that targets 117.75 and 118.75.
    NEAR-TERM: Bullish
    MEDIUM-TERM: Bullish
    LONG-TERM: Bullish

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    Default USD/JPY July 2nd

    Todays support: - 122.84 and 122.73(main). Break would bring 122.60, where correction is possible. Then 122.51. If a strong impulse, we would see 122.37. Continuation would give 122.16.
    Todays resistance: - 123.53(main), where a correction may happen. Break would bring 123.78, where also a correction may be. Then 123.97. If a strong impulse, we would see 124.06. Continuation will give 124.28.

    sm_smile

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    Default

    123,01. USD JPY is in a range between 122,90 and 123,50. USD JPY moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is low. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. The price should find a support above 122,90.

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    Default Usd/jpy

    Dollar/yen fell to a nearly three-week low on Monday. It should attempt to rally today after getting support from the trendline.

    Key support comes at 122.50 from another 50-point pivot, which targets 122.00 and 123.00.

    Immediate resistance is at 123.00. Next level is 123.55. Above it, strong resistance is seen from a 50-point pivot at 124.00 that targets 123.50 and 124.50.

    Oscillators are mixed.

    NEAR-TERM: Mixed to slightly higher
    MEDIUM-TERM: Bullish
    LONG-TERM: Bullish

    sm_smile

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    Default

    The dollar against the Japanese yen breached the major 122.80 support level yesterday to open the downside way to reach to the bottom as low as 122.10; the technical indicators show the strong bearish pattern which in role will take the pair to 121.50s major support level in the short-term.

    The trading range for today will be between the key resistance at 122.85 and the key support at 121.50.


    The general trend is down as far as 124.60 remains intact, targets at 120.70 and 119.30.





    Support 122.21 122.03 121.84 121.57 121.32
    Resistance 122.40 122.60 122.80 123.18 123.36
    Recommendation
    We expect selling USD/JPY below 122.50 with a target at 121.60, stop loss above 123.00.

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    Default

    thanks to u alot

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    Default

    Market should meet resistance at 122.32. We expect then an extended move down to 121.26 -120.01 area.

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    Default

    Quote Originally Posted by pham_nams View Post
    Market should meet resistance at 122.32. We expect then an extended move down to 121.26 -120.01 area.
    it's still 121.07 on the low, and now it's 121.77...
    what should we do?
    i think it depends on US...
    i'm still waiting for the big move

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    Default

    122.48. It should test 123.92 area after which a sell off down to 121.48 or extended to 120.48 area is expected.

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    Default Flat today

    Despite o/n rise to 122.54, current retreat on
    cross-unwinding suggests further consolidation be-
    low said res wud be seen ahead of BOJ rate decision
    n retracement of y'day's upmove to 121.87 cannot be
    ruled out but reckon 121.50/55 wud hold.

    Wud be prudent to exit long n stand aside. Only
    abv said res wud extend gain twds 122.80/85...

    Range Forecast
    122.05 / 122.35

    Resistance/Support
    R: 122.54/123.17/123.66
    S: 121.87/121.36/120.99

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