Dollar Yen forecasts today Usd Jpy technical analysis

Dollar Yen forecasts today Usd Jpy technical analysis July 2018

Dollar Yen forecasts today Usd Jpy technical analysis using Gann’s cycles.

Dollar Yen forecasts today Usd Jpy technical analysis: monthly

Dollar Yen forecasts today
dollaro yen monthly July 2018

The correction started in January 2018 has been temporarily arrested by the expiration of the monthly Set Up of April 2018 (Square of Range).

The 1 X 2 downward resistance from the top of June 2015 has slowed down the driving force in April at 109.53, but only the downward dynamic resistance with origin in December 2016 and the upward dynamic resistance of October 2011 has exhausted the kinetic ascending energy at 111.39 level in May of this year.

The new temporal cycle of June-July 2018 will determine the trend dynamics for the rest of 2018. The achievement of prices below 108.30 in June will restore the corrective course of the American currency: first supports at 107.25; 105,35.

The ascending infraction of 113.70 will establish a robust uptrend phase: first static resistances at 113.50 and angular resistances at 115.60.

Dollar Yen forecasts today Usd Jpy technical analysis: quarterly

gann's cycle
dollaro yen quarterly July 2018

The Zero corner (visible through Top Trader© software in red) has highlighted a significant level of support at 105.60 in conjunction with the second quarter of 2018.

Currently the Dollar dynamic is negative despite the medium-term trend has showed a notable positive pull-back. The violation of 105.60 would bring prices to the next major obstacle that is 102.45.

Only the trades recovery above 113.70 will reverse the US currency trend in positive in the medium-long term: first resistances at 114.50.

The Dollar/Yen technical analysis was made thanks to Top Trader©-Stock Exchange free software thought to correctly apply W.D.Gann’s cycles.

 

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