13/11/14 Yen gained against the dollar as USD/JPY retreats from 116.


dollar, Yen, USD/JPY outlook, USD/JPY technical analysis, USD/JPY Forecast, Japanese Yen, USDJPY analysis, USDJPY outlook, USDJPY technical analysis, USDJPY analysis, USDJPY forecast, USD/JPY analysis, Bank of Japan, BOJ, Kuroda, Haruhiko Kuroda, Shinzo Abe, U.S Dollar, USD, Abenomics The Yen gained on the Dollar as the pair retreated from 116 high of 7 years to trade below 115.8 yesterday

dollar, Yen, USD/JPY outlook, USD/JPY technical analysis, USD/JPY Forecast, Japanese Yen, USDJPY analysis, USDJPY outlook, USDJPY technical analysis, USDJPY analysis, USDJPY forecast, USD/JPY analysis, Bank of Japan, BOJ, Kuroda, Haruhiko Kuroda, Shinzo Abe, U.S Dollar, USD, Abenomics Support at 115 yesterday keeps the pair abreast of the 20 moving average in blue as the trend remains bullish

dollar, Yen, USD/JPY outlook, USD/JPY technical analysis, USD/JPY Forecast, Japanese Yen, USDJPY analysis, USDJPY outlook, USDJPY technical analysis, USDJPY analysis, USDJPY forecast, USD/JPY analysis, Bank of Japan, BOJ, Kuroda, Haruhiko Kuroda, Shinzo Abe, U.S Dollar, USD, Abenomics A rebound off the 104 moving average in orange yesterday keeps the pair supported

The dollar remains flat against the Euro but weaker against the Yen, the Australian and New Zealand dollar yesterday. USD/JPY retreats from 116  but remains above 115 as the speed after the BOJ announcement to increase stimulus for the Yen to weaken has been reduced.

Support at 114.6, 113.8 are likely to be the next support levels to be tested to verify the end of the retracements, before following the fundamentals to trade against the Yen.

Trend Direction
S3
S2
S1
R1
R2
R3
Entry
Stop Loss
Exit
 Bullish 113.82 114.6 115.48 116 116.4 116.9

    Share Your Opinion, Write a Comment