USD/JPY Discussion

Will we see this pair tank below 117?

And finally today tp was after 4 says filled for 50 pip profit. Patience pays in forex

If this trend continues .. I'd say we see 115.5x (fib 423.6)

Most likely 112 as former minister of reserves had said. So far Morgan Stanley looks to have been right on YEN price and so far Goldman Sachs has been wrong

Break below 116 sell order.....

U J - SP500

More room below ....

Will we see a gap down at the start next week?

Using fibs that way you do realize you are projecting 61.8% (with 161.8% level), 161.8% (with 261.8% level) and 323.6% (?) (with 423.6% level)

Maybe 115 depending on market and oil. If we continue to tank then 112. Bottom there and head back to 125 is my guess for this year

Maybe. Either way, it will probably reach 115.80 at least.

Will the lifting of Iran sanction pushing the oil price to $20/barrel? USD/JPN to tank as well?

I think the pair will go down tonight as USD is on bank holiday, oil price is down, the chart gapped down.

The move south seem inevitable as of now, but will BOJ intervene to shore up the pair and prevent further strengthening of Yen.

Gaps down, unless it is a big gap, usually get reversed quickly.

Looks like the pair refuses to go down.....BOJ intervention?

Its call retracing a prior move. Ya know. Also light pre-holiday U.S. trading.

The 116.68 zone along with the 117.00 round number have proven to be a goos support area for the USDJPY.

Let's see how it will fair in EUR opening......

continuous flags.

USDJPY a potential pullback zone, that zone is the 118.69 zone as an area on this market if the market pulls back to this zone next week to look for bearish evidence and a potential continuation lower on this market. Other zone highlighted in the review on USD JPY is the 116.20 zone as a potential counter trend zone and a potential management point and target to the downside for those holding sell trades on this market. The 116.20 zone is also an area to the downside where you can look for bullish evidence and a potential move to the upside on this market. However of course, being aware that the 116.20 zone is a counter trend zone on this market.