USDJPY stays below a falling trend line on the 4-hour chart and remains in short term downtrend from 114.73. As long as the price is below the trend line, the downtrend could be expected to continue and...
The US dollar was initially flat against the Japanese yen on Monday, as the 112 level has offered significant support. Because of this, we rallied towards the 112.50 level above, which is significant, as the 112-level needed...
USDJPY failed in its attempt to break below 111.65 support and rebounded from 111.88. However, as long as the price is below the bearish trend line on the 4-hour chart, another fall to test 111.65 support is...
USDJPY extended its downside movement from 114.73 to as low as 111.88, facing a key support level at 111.65. A breakdown this level could trigger further downside movement to next support level at 111.00. Near term resistance...
USDJPY looks ready to trade sideways on its daily time frame as price has bounced off the resistance around 114.25. This could put the pair on track towards its range support at 108.50. The 100 SMA is...
USDJPY failed to breakout of 115.50 and pulled back to 111.94, facing the key support at 111.47. A breakdown below this level will confirm that the bounce from 107.31 had completed at 114.73 already, then the following...
The US dollar fell significantly during the trading session on Friday, and then bounced slightly to only roll over again. We have tested the 112 level, and if we can continue to go lower from here, the...
The US dollar has been very choppy against the Japanese yen during the trading session on Thursday, as we continue to dance around the 113 handle. The previous downtrend line that was the top of the channel...
USDJPY stays below a bearish trend line on the 4-hour chart and remains in the downtrend from 114.73. As long as the price is below the trend line, the rise from 112.47 could be treated as consolidation...
The US dollar fell rather significantly against the Japanese yen during the trading session on Wednesday, reaching down to the previous downtrend line of the downtrend in channel, an area that I had suspected would be support....
