technical analysis -or- fundamental analysis

The dollar recorded another volatile session against the yen on Wednesday. Ultimately the trading ended in favor of Asian currency. If the bear trend continued to dominate the pair will break through support at 116.50 soon. The session on Wednesday launched the price at 117.73, and the finish line was crossed at a rate of 117.22. The difference between the highest and lowest value for the day was 113 pips.

Key levels to watch for:
Support: 115.67;
Resistance: 118.60.

USD/JPY
Key levels to watch for:
Support: 114.00; 111.00;
Resistance: 116.45; 118.30.

The dollar lost ground against the yen on Tuesday. The US currency did not respond to positive expectations and continued downward trend since late last week. The pair broke the key level at 113.06 and tested the support at 112.44. The trading started calmly at a price of 114.17, but the early morning bearish sentiment prevailed. The decline of the dollar continued throughout the session, as the bottom was hit at 112.59, and the session was closed 2 pips higher.

USD/JPY

Support: 113.06; 112.44;
Resistance: 116.13; 116.84;

yen is going up, little pose ...what and where was volatile session?

I think the next support will be 112,55, and the next resistance - 115,62.

Worst advice ever.
hope you got your money back.

The US dollar experienced a significant decline against the yen on Monday. After a volatile session, the dollar lost 154 pips at a closing price of 112.69. Price managed to break through the first support at 114.00, while the daily extremes were reached respectively at 114.42 and 112.68. The outlook in the short term remains neutral and levels at 114.00 and 111.00 - key for the subsequent performance.

USD/JPY
Key levels to watch for:
Support: 111.00;
Resistance: 114.00; 116.45; 118.30.

Dollar / yen had a moderate bearish momentum yesterday, bottomed at 113.03. Trade signals are neutral, but as long as price remains below 116.50, the bearish scenario of the double peak remains intact targeting 111.30 region. Intraday resistance at 114.00. A clear break above it could lead to further bullish pressure testing 115.00 / 60.

There would not me technical analysis without fundamental one. Of course, I like and I use price action, technical indicators etc. but I have to keep in mind the economical background and news. Better to use both in order not to lose all the money due to some news on the currency you trade

The dollar lost significant ground against the yen on Monday. The US currency broke a two-day winning series and returned to the levels of early last week. Key values were drilled, but short-term expectations remain in favor of the dollar. In this case the support at 112.44 is threatened. The session started at 114.70, and the final was 94 pips higher. The trend has bearish character all the time, bottom of the day was struck at 113.45.

USD/JPY
Key levels to watch for:
Support: 112.44; 111.56;
Resistance: 116.13; 116,84.

Dollar/yen made downward momentum yesterday, bottomed at 113.23 during the Asian session today. Short-term expectations are neutral, but as long as price remains below 115.60 I still prefer a bearish scenario at this phase with targets near 111.30. Immediate support is 113.50 whose breakthrough could lead to further pressure testing 112.50 or lower. On the upside, first resistance at 114.25 whose breakthrough could lead price to neutral zone testing 115.00/60.

The dollar fell against the yen on Tuesday, as the Japanese currency was in demand due to the status of safe investment, while risk appetite has deteriorated against the backdrop of perseverance US president Donald Trump of his ban on the entry of migrants. By 6.22 GMT the dollar slipped by 0.3 percent to 113.42 yen.

Dollar/yen failed to continue its downward movement yesterday, topped at 112.57. The bias is neutral, but overall I still prefer a bearish scenario with the closest target near 111.30. Immediate resistance is at 113.00. A clear break and daily close above this level could trigger upward pressure on testing 114.00 but any upside pullback should be seen as an opportunity for sales. First support is 112.00 whose breakthrough could lead to further bearish pressure testing 111.30.

The dollar quickly changed its place with the yen and the recorded 45 pips on its account. The beginning of the trading session was with the opening price 112.37. The momentum of the yen the previous day helped reaching the daily high of 112.54 in the early hours of the day. The support level of 111.98 was pierced by bears and they took their bottom level at 111.62. The day ended with a break for the second time on the same support, at a price of 111.92.

USD/JPY
Key levels to watch for:
Support: 111.20; 109.63;
Resistance: 111.98; 114.05; 115.64.

Fundamentals are not techicals

For example, I remember when the there was talk of cuts in oil production by OPEC

The charts were all indicating no chance of a rate cut

But my research indicated that the Saudis could not afford for their not to be a cut in production
Needless to say I was long on the CAD.

Fundamentals give you a lot more certainty
Pure technicals give a lower probability

I do use both but would not even consider a trade without fundamentals

Its less stress thats for sure