The dollar recorded a slight increase against the yen on Thursday. The pair traded in a relatively wide range, but the closing price was close to 112.86 and 113.04 respectively. In the early hours, bullish moods dominated and so was the peak of the day at 113.32. Subsequently, the Japanese currency recovered the losses.
The US dollar recorded a significant decline against the Japanese yen on Friday. The session started at 113.04 and ended at 112.08. Daytime extreme values were reached at 113.13 and 111.94, respectively. Negative attitudes now prevail, and 110.90 is a major challenge for bears.
The US dollar rose against the Japanese yen on Monday. The currency pair opened at 112.11 and the dollar added 49 pips after steady upward movement. Graphics continued to grow below moving averages, while the relative strength index remained neutral. In the short term, positive outlooks have a predominance, with key levels at 112.90.
i recently went to a trading seminar and the guy said: - u can either trade using tech analysis or fundamental analysis. - either way u only need to concentrate on one and NOT both. is that really true when it comes to forex?
Ignored
If you're an intraday trader, I wouldn't mess with that black magic AKA Fundamentals.
The dollar lost positions against the yen on Monday. The US currency broke the positive momentum from the end of last week. However, short-term expectations remain for its benefit. The session started at a price of 111.47, the trend was bearish all the time. The pair hit the bottom at 110.83, breaking the first support at 110.94. The finish line was cut at 110.08.
The dollar advanced against the yen on Tuesday. The US currency justified the positive expectations and so the pair approached the resistance at 111.87. If the bullish sentiment continues in the future, it will be pierced. The session started at 111.08 and the trend was volatile. Peak for the day was reached at 111.63, and the final line was truncated 17 pips down.
The US dollar was down against the Japanese yen on Friday. By the close of US trading, USD/JPY was trading at 112.19, losing 0.30%. I believe that support is now at 110.83, Monday's low, and resistance is likely at 112.88, the maximum of Friday's trading.
The dollar marked a second consecutive neutral session against the yen on Tuesday. The US currency remained at the higher levels since Wednesday without registering any major price changes. If the bullish expectations are justified, the pair will test the resistance at 113.90 soon. The session started at a price of 113.17 and the final line was cut 5 pips higher. The bottom of the day was scored at 113.11.
The US dollar recorded a volatile session against the Japanese yen on Thursday. The currency pair opened at 112.50 and the dollar added only 23 pips. Daytime extreme values ??were reached at 112.46 and 112.85, respectively. In the short term, a break in the 100-year moving average will contribute to a positive mood, with 112.90 being an immediate goal.
The US dollar recorded a volatile session against the Japanese yen on Wednesday. The currency pair started at 108.77 and ended at 109.18. Daytime extreme values ??were reached at 108.59 and 109.44 respectively. If the direction of movement continues upward, there may be an attempt to test the resistance at 109.90.
The dollar recovered positions against the yen on Tuesday. The US currency broke off the negative momentum and returned to last week's levels. The session began at a price of 109.07 and the finale was set at a rate of 109.55. In the early hours the trend was bearish and the first support at 108.71 was broken after the bottom was hit at 108.45. Short-term expectations remain in favor of the dollar.
The dollar recorded another sharp decline against the Japanese yen on Thursday. The session started at 107.00 and the day closed at 106.12. Once the bottom was hit at 106.03 and approached the support at 106.00, in the event of a break we would expect a test at 105.45. If it turns, the dollar will target the first resistance at 107.44.
