USDJPY’s rise from 108.81 extended to as high as 111.78. Further rise is still possible after a minor consolidation and next target would be at 113.00 area. Key support is at 110.64, only a breakdown below this...
The USD/JPY pair went sideways initially during the day on Monday but then shot towards the 111.50 handle. By testing that area, we are trying to break through a significant resistance barrier. Once we break above their,...
USDJPY’s bullish movement from 108.81 extended to as high as 111.77. Near term support is at 110.64, as long as this level holds, the bullish movement could be expected to continue and next target would be at...
The USDJPY pair failed to break below the April 17 low of 108.13 and recently moved above the bearish trend line from 111.71 to 110.81 at 110.15 on its 4-hour chart, suggesting that the bearish movement from...
USDJPY is now in uptrend from 108.81. the fall from 111.41 could be treated as consolidation of the uptrend. Support is at 109.70, as long as this level holds, the uptrend could be expected to continue and...
USDJPY failed to break below 108.13 support and rebounded from 108.81, indicating that the correction pullback from 114.36 is complete. Further rally to test 112.12 resistance could be expected, a break through this level could trigger another...
The USD/JPY pair shot higher initially during the day on Friday, but found enough resistance near the 111.40 level to turn around and fall. We are essentially forming a neutral candle for the day, but I think...
The USD/JPY pair went back and forth during the day on Thursday, and then shot straight through the air as the “risk on” move started in the currency markets. Looking at this chart, it’s easy to see...
USDJPY broke above the descending trend line on its 4-hour chart, indicating that the bearish movement from 114.36 had completed at 108.81 already. Further rally could be expected over the next several days, and next target would...
USDJPY stays below the bearish trend line from 111.71 to 110.81 with resistance at around 110.20 on its 4-hour chart, suggesting that the pair remains in bearish movement from the May 11 high of 114.36. As long...
