The US Dollar depreciated 0.02% against the Japanese Yen since Friday’s session. On Monday morning, the currency pair was located at the 112.00 level between the monthly R1 at the 112.27 mark and the weekly PP at the 111.70 mark.
In regards to the near future, the rate will surge upwards to the upper boundary of the medium ascending line at the 112.20 level and the monthly R1 at the 112.27 mark and most likely, the rate will bounce off the pattern line to move back into the previously drawn trend-line.
Moreover, the 55-hour simple moving average should give additional support for the currency pair during the trading day.
In regards to the near future, the rate will surge upwards to the upper boundary of the medium ascending line at the 112.20 level and the monthly R1 at the 112.27 mark and most likely, the rate will bounce off the pattern line to move back into the previously drawn trend-line.
Moreover, the 55-hour simple moving average should give additional support for the currency pair during the trading day.
Commentaire:
The US Dollar appreciated 0.62% against the Japanese Yen since Tuesday’s session. The currency pair broke the monthly R1 at the 112.27 mark to trade at the 112.32 level during Wednesday’s morning hours.
In regards to the near future, most likely, the rate will surge upwards to break the weekly R1 at the 112.54 mark and afterwards the rate might bounce off the upper boundary of the large-scale descending pattern to trade near the 112.40 level during today’s session.
However, the rate might break the long-term pattern to move towards the weekly R2 at the 113.01 level.
The US Dollar appreciated 0.62% against the Japanese Yen since Tuesday’s session. The currency pair broke the monthly R1 at the 112.27 mark to trade at the 112.32 level during Wednesday’s morning hours.
In regards to the near future, most likely, the rate will surge upwards to break the weekly R1 at the 112.54 mark and afterwards the rate might bounce off the upper boundary of the large-scale descending pattern to trade near the 112.40 level during today’s session.
However, the rate might break the long-term pattern to move towards the weekly R2 at the 113.01 level.
Commentaire:
The US Dollar appreciated 0.05% against the Japanese Yen since Wednesday’s session. The currency pair was located near the monthly R1 at the 112.27 mark during Thursday morning hours.
In regards to the near future, most likely, the rate will surge upwards to fit back into the previously drawn trend-line by breaking the monthly R1 at the 112.27 mark using the support of the 55-hour SMA to surge to the weekly R1 at the 112.54 mark.
On the other side, the US Dollar may bounce off the monthly R1 at the 112.27 ignoring the support of the 55-hour simple moving average to trade near the 112.00 level.
The US Dollar appreciated 0.05% against the Japanese Yen since Wednesday’s session. The currency pair was located near the monthly R1 at the 112.27 mark during Thursday morning hours.
In regards to the near future, most likely, the rate will surge upwards to fit back into the previously drawn trend-line by breaking the monthly R1 at the 112.27 mark using the support of the 55-hour SMA to surge to the weekly R1 at the 112.54 mark.
On the other side, the US Dollar may bounce off the monthly R1 at the 112.27 ignoring the support of the 55-hour simple moving average to trade near the 112.00 level.
Commentaire:
The US Dollar appreciated 0.54% against the Japanese Yen since Thursday’s session. The currency pair broke the upper boundary of the large descending pattern to trade at the 112.83 mark during Friday morning hours.
In regards to the near future, the rate will surge upwards to the weekly R2 at 113.01 mark, which could stop the rate from surge due to its resistance for the rate. Most likely, the US Dollar will be traded in the 112.80 area during Friday session.
On the other side, the US Dollar may break the resistance of the weekly R2 at 113.01 mark to surge to the Fibonacci retracement level at 113.18 mark.
The US Dollar appreciated 0.54% against the Japanese Yen since Thursday’s session. The currency pair broke the upper boundary of the large descending pattern to trade at the 112.83 mark during Friday morning hours.
In regards to the near future, the rate will surge upwards to the weekly R2 at 113.01 mark, which could stop the rate from surge due to its resistance for the rate. Most likely, the US Dollar will be traded in the 112.80 area during Friday session.
On the other side, the US Dollar may break the resistance of the weekly R2 at 113.01 mark to surge to the Fibonacci retracement level at 113.18 mark.
The US Dollar appreciated 0.28% against the Japanese Yen since Monday’s session. On Monday morning, the currency pair was located near the monthly R1 at the 112.27 mark, which stopped the rate from the surge.
In regards to the near future, most likely, the rate will keep trading sideways with the support of the 55-hour simple moving average and the resistance of the monthly R1, staying at the 112.00 level during the day.
On the other hand, the rate might break the resistance of the monthly R1 and the resistance of the upper boundary of the medium pattern to trade near the weekly R1 at the 112.55 mark.