USD/JPY Forecast August 14, 2017, Technical Analysis
The US dollar did bounce around during most of the day on Friday as the 109 level seems to be attracting a lot of attention. This has been a very volatile currency pair, mainly due to the...
Tag: USDJPY
USD/JPY Forecast August 11, 2017, Technical Analysis
The USD/JPY pair broke down during the session on Thursday, slicing through what little bit of support we had seen at the 109.50 level. I believe that it’s only a matter of time before the sellers return...
USDJPY Daily Analysis – August 11, 2017
USDJPY extended its downside movement from 114.49 to as low as 108.90. As long as the price is below the bearish trend line on its 4-hour chart, the downtrend could be expected to continue and next target...
USD/JPY Forecast August 10, 2017, Technical Analysis
The US dollar was very choppy against the Japanese yen during the Wednesday session as fears over conflict on the Korean Peninsula hit the markets. We break down below the 110 level, which of course is a...
USDJPY Daily Analysis – August 10, 2017
USDJPY’s downside movement extended to as low as 109.55. Further decline it still possible and next target would be at 109.00 area. Resistance is at the top trend line of the price channel on its 4-hour chart,...
USD/JPY Forecast August 9, 2017, Technical Analysis
The US dollar initially fell during the session on Tuesday, dropping down to the 110.25 handle. However, we turned around to find plenty of support and saw an impulsive move to the upside after the Jolts announcement...
USDJPY Daily Analysis – August 9, 2017
USDJPY failed to break out of the top trend line of the price channel on the 4-hour chart and is now facing 109.83 support. A breakdown below this level will indicate that the downtrend from 114.49 has...
USD/JPY Forecast August 8, 2017, Technical Analysis
The US dollar softened a bit at the beginning of the session on Monday, but then turned to the upside yet again. It looks as we are going to challenge the 111 handle, and I do believe...
USDJPY Daily Analysis – August 8, 2017
USDJPY stays in a descending price channel on its 4-hour chart and remains in the downtrend 114.49. As long as the channel resistance holds, the rise from 109.83 could be treated as consolidation of the downtrend, and...
USDJPY Daily Analysis – August 7, 2017
USDJPY remains in the downtrend from 114.49, the bounce from 109.83 is likely consolidation of the downtrend. Near term resistance is at the top trend line of the price channel on the 4-hour chart. As long as...