The US dollar fell a bit at the open on Wednesday, breaking down to the 113.40 level. We did bounce from there, but we are starting to see resistance at the 24-hour exponential moving average, and more...
USDJPY continued its sideways movement in a trading range between 112.95 and 114.73. As long as 112.95 support holds, the price action in the range could be treated as consolidation of the uptrend from 111.65 and further...
The US dollar rallied initially during the day against the Japanese yen on Tuesday, reaching towards the 114.30 level. However, we are pulling back slightly, as I record this. Overall, I believe that the market continues to...
USDJPY moved sideways in a trading range between 112.95 and 114.73. The sideways movement is likely consolidation of the uptrend from 111.65. As long as the price is above 112.95 support, the uptrend could be expected to...
USDJPY’s upside movement from 111.65 extended to as high as 114.73, the subsequent pullback is likely consolidation of the uptrend. Near term support is at the bottom support trend line of the price channel on the 4-hour...
USDJPY is facing 114.45 resistance, a breakout of this level could signal resumption of the uptrend from 111.65, then next resistance level would be at 115.50. Near term support is at 113.50, below this level could see...
USDJPY remains in the uptrend from 107.31. Further rise to test 115.50 key resistance is possible next week. Above this level could signal resumption of the long term uptrend from 98.97 (Jun 24, 2016 low), then next...
The US dollar rallied against the Japanese yen after initially chopping around during the session. The jobs number of course missed, and it sold the pair off, but Americans came back and picked it up again. Ultimately,...
USDJPY stays in a trading range between 112.95 and 114.45. As long as the price is above 112.95, the sideways movement in the range could be treated as consolidation of the uptrend 111.65, and another rise towards...
The USD/JPY pair broke higher during the day on Tuesday, but then pulled back to test the 24-hour moving average again. This is one of my favorite indicators, and it is reasonably reliable in this range bound...
