USDJPY is forming a sideways consolidation in a range between 108.60 and 109.82. Near term support is at 108.60, a breakdown below this level could trigger another fall to test 108.13 (Apr 17 low) support. Resistance is...
Short term USDJPY Elliott wave view suggest that the decline from 7/11 peak is unfolding as a double three Elliott wave structure. Decline to 108.71 low ended Minor wave W and Minor wave X bounce ended at 110.95 peak....
USDJPY broke above 109.59 resistance, indicating that the short term downtrend from 110.94 is complete. Further rally could be expected in a couple of days and next target would be at 110.60 area. On the downside, as...
Short term USDJPY Elliott wave view suggest that the decline from 7/11 peak is unfolding as a double three Elliott wave structure. Decline to 108.71 low ended Minor wave W and correction of that cycle ended in a Minor...
The USD/JPY pair started falling almost immediately on Monday, reaching down towards the 108.50 level. If we bring to a fresh, new low, I think that this pair probably goes looking towards the 105 level over the...
USDJPY is in downtrend from 110.94, the bounce from 108.60 could be treated as consolidation of the downtrend. Resistance is at 109.59, as long as this level holds, the downtrend could be expected to continue and further...
USDJPY broke below 108.73 support, indicating that the downtrend from 114.49 has resumed. Further decline to test 108.13 (Apr 17 low) support is possible in a couple of days. Key resistance is at 110.94, only break above...
USDJPY’s downside movement extended to as low as 108.60. Further decline to test 108.13 is still possible, a breakdown below this level could take price to 105.00 area. Resistance is now at 110.94, only a break of...
The USD/JPY pair broke down again on Friday, as we continue to see a bit of a “risk off” move in the currency markets. The Japanese yen being bought is interesting to me, because it shows that...
The USD/JPY pair has been volatile during the last 24 hours, as we continue to dance around the 110 level. I think looking at the longer-term charts, it’s likely that the buyers are coming in to pick...
