The US dollar rallied slightly against the Japanese yen during the trading session on Tuesday, reaching towards the 111.50 level. I think there is a significant amount of resistance between here and the 112 level, and it’s...
USDJPY broke above the falling trend line on the 4-hour chart and is now facing 111.69 resistance. As long as this level holds, the sideways movement in a trading range between 110.84 and 111.69 could be treated...
USDJPY extended its downside movement from 114.73 to as low as 110.84. Near term resistance is at the falling trend line on the 4-hour chart. As long as the trend line resistance holds, the downside movement could...
The US dollar fell against the Japanese yen during most of the session on Monday, as we continue the downward pressure. Now that we have cleared the 111.50 level, I believe that the market is going to...
USDJPY’s downside movement from 114.73 extended to as low as 111.06. As long as the price is below the falling trend line on its 4-hour chart, the bounce from 111.06 could be treated as consolidation of the...
USDJPY broke below 111.47 key support, confirming that the upside movement from 107.31 had completed at 114.73 already. Further decline would likely be seen over the next several weeks and next target would be at 109.50. A...
USDJPY stays below a falling trend line on the 4-hour chart and remains in downtrend from 114.73. As long as the trend line resistance holds, the downtrend could be expected to continue and next target would be...
USDJPY broke below 111.65 support and extended its downside movement from 114.73 to as low as 111.06. Near term resistance is at the falling trend line on the 4-hour chart. As long as the trend line resistance...
The US dollar drifted a bit lower during the day on Tuesday, drifting down towards the 112 level. The 112 level has been supportive in the past, and as a result it’s likely that the buyers are...
USDJPY is trending lower on its short-term time frames, moving inside a descending channel and currently testing resistance. This lines up with the 100 SMA and 50% Fibonacci retracement level, which appears to have held as resistance....
