USD/JPY Forecast October 2, 2017, Technical Analysis
The US dollar continues to bounce around against the Japanese yen, using the 112.50 level is a bit of a fulcrum. I believe that the market is trying to build a momentum, but we may get a...
Tag: USDJPY
USD/JPY Forecast September 29, 2017, Technical Analysis
The US dollar initially rallied against the Japanese yen, but found a bit of trouble at the 113.25 level. Because of this, it looks likely that we are going to continue to churn in this area, but...
USDJPY Daily Analysis – September 29, 2017
USDJPY remains in the uptrend from 107.31, the fall from 113.25 is likely consolidation of the uptrend. Range trading between 111.47 and 113.25 would likely be seen in a couple of days. As long as 111.47 support...
AUDJPY Correction Near Complete
AUDJPY Short Term Elliott Wave view suggests that the rally to 90.31 ended Intermediate wave (W). Intermediate wave (X) pullback remains in progress as a double three Elliott Wave structure. Down from 90.31, Minor wave W ended at 88.44 and Minor...
USD/JPY Forecast September 28, 2017, Technical Analysis
The USD/JPY pair continues to be volatile, as we had initially rallied during the day on Wednesday, but found the 113.25 level to be a bit too resistive. We have pulled back a bit, but I think...
USDJPY Daily Analysis – September 28, 2017
USDJPY’s upside movement from 107.31 extended to as high as 113.25. Further rise could be expected and next target would be at 114.00 area. Key support is at 111.47, only a breakdown below this level would indicate...
USD/JPY Forecast September 27, 2017, Technical Analysis
The US dollar rallied during the session on Tuesday, breaking above the 112 level against the Japanese yen. This is an area that continues to attract a lot of attention, and I think it’s only a matter...
USDJPY Daily Analysis – September 27, 2017
USDJPY moved sideways in a trading range between 111.47 and 112.71. The sideways movement is likely consolidation of the uptrend from 107.31. A break of 112.71 resistance could trigger another rise towards 114.00. Near term support is...
Elliottwave View: AUDJPY Doing a Correction
AUDJPY Short Term Elliott Wave view suggests that the rally to 90.31 ended Intermediate wave (W). Intermediate wave (X) pullback remains in progress as a double three Elliott Wave structure. Down from 90.31, Minor wave (W) ended at 88.44 and Minor...
USD/JPY Forecast September 26, 2017, Technical Analysis
The USD/JPY pair gapped higher at the open on Monday, only to turn around and pullback to fill the gap. The 112 level has offered support, and it looks as if we could see buyers jump back...