USDJPY Daily Analysis – October 26, 2017
USDJPY extended its upside movement from 111.65 to as high as 114.24. As long as the price is above the rising trend line on the 4-hour chart, the upside movement could be expected to continue and next...
Tag: USDJPY
USD/JPY Forecast October 25, 2017, Technical Analysis
The US dollar rallied significantly against the Japanese yen during the day on Tuesday, as we reached towards the 114 handle. I think there is a lot of noise between here and the 115 handle, so it’s...
USDJPY Daily Analysis – October 25, 2017
USDJPY remains in the uptrend from 111.65, the fall from 114.09 is likely consolidation of the uptrend. Near term support is at 113.24, followed by the bullish trend line on the 4-hour chart. As long as the...
USD/JPY Forecast October 24, 2017, Technical Analysis
The US dollar gapped higher against the Japanese yen at the open on Monday, as Abe won the elections easily in Japan, which of course is good for the Nikkei, and suggests that we are to continue...
USDJPY Daily Analysis – October 24, 2017
USDJPY stays above a rising trend line on the 4-hour chart and remains in the uptrend from 111.65. As long as the price is above the trend line, the fall from 114.09 could be treated as consolidation...
USDJPY Daily Analysis – October 23, 2017
USDJPY broke above 113.43 resistance and reached as high as 114.09. Further rise could be expected and next target would be at 114.50 area. Near term support is at 113.20, followed by the rising trend line on...
USDJPY Descending Triangle Breakout (October 23 2017)
Yen bears came out in full force after the elections in Japan over the weekend, causing USD/JPY to break past the descending triangle resistance. This chart pattern is approximately a thousand pips tall so the resulting uptrend...
USDJPY Weekly Analysis – October 22, 2017
USDJPY is facing the resistance trend line from 115.50 to 114.49 once again. Breakthrough the trend line resistance could trigger further upside movement towards 115.50. Above this level will confirm that the downside movement from 118.66 (Dec...
USD/JPY Forecast October 23, 2017, Technical Analysis
The US dollar rallied against the Japanese yen during the trading session on Friday, as the finalists for the Federal Reserve Chairman all seem to be hawkish. Because of that, it’s likely that the market will continue...
USDJPY Daily Analysis – October 20, 2017
USDJPY failed in its attempt to breakout of 113.43 resistance and stays in a trading range between 111.47 and 113.43. Lengthier sideways movement would likely be seen in the coming days. As long as 111.47 key support...