USDJPY recently broke below a major support level at 108.13, indicating that the sideways movement in a trading range between 108.13 and 115.50 is complete and the downtrend from 118.66 has resumed. On the downside The USDJPY...
USDJPY’s downside movement from 110.67 extended to as low as 107.31. Resistance is at the bearish trend line on the 4-hour chart. As long as the trend line resistance holds, the rise from 107.31 could be treated...
USDJPY broke below 108.13 key support, indicating that the downtrend from 118.66 has resumed. Further decline could be expected over the next several weeks and next target would be at 106.50, followed by 103.60. Key resistance is...
The USD/JPY pair broke down significantly during the day on Friday, but did bounce later in the session. Ultimately, I believe that the market continues to go much lower, and the breakdown below the 108.50 level is...
The US dollar fell against the Japanese yen during the session on Thursday, testing the 108.50 handle. This is an interesting level for me, as it is the bottom of longer-term consolidation. If we close below this...
USDJPY broke below 108.26 support, indicating that the downtrend from 114.49 (Jul 11 high) has resumed. Further decline could be expected and next target would be at 106.50. Near term resistance is at 109.39, only break above...
The US dollar went sideways initially on Wednesday, and then rallied towards the 109 level. However, we are starting to see a selloff during US trading, and it now looks like we are testing the bottom of...
USDJPY continued its sideways movement in a trading range between 108.26 and 110.94. As long as 110.94 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 114.49 (Jul 11 high) and another...
The US dollar fell significantly against the Japanese yen during the session on Tuesday, showing weakness in the greenback yet again. It looks as if we may start reaching towards the 108.50 level, which is an area...
USDJPY stays in a trading range between 108.26 and 110.94 and is now facing 108.26 support. A breakdown below this level could signal resumption of the downtrend from 114.49 (Jul 11 high), then next target would be...
