USD/JPY analysis

[Geoff Barnett]

There is a great opportunity to the buyers in the USDJPY pair. According to the RSI and Moving average and Bollinger bands there is strong buy signal and resistant point. So buyers need to buy at 109.00 and the target point is at 110.01.

 

[BillyR]

USD/JPY bulls and the Nikkei 225 are both testing rising support at the same time in each of the charts above. If understanding forex trading basics then USD/JPY and Nikkei bulls do not want to see support break by each of these at the same time. Humbly this seems like an important test for both at the same time!!!

[mozeratti]

I cannot say anything particular about the pair now, as we are below the trend. But I suppose that 106.60 is the minimum level for the pair so far, while 108.20 is the maximum. But still I believe the pair will go downwards.