USDJPY Daily Analysis – May 16, 2017
USDJPY failed to break below the support line of the price channel on 4-hour chart, indicating that the pair remains in uptrend from 108.13. As long as the pair is in the channel, further rise could be...
Tag: USDJPY
USDJPY Daily Analysis – May 15, 2017
USDJPY is facing the support of the bottom of the rising price channel on 4-hour chart. As long as the channel support holds, the fall from 114.36 could be treated as consolidation of the uptrend from 108.13...
USDJPY Weekly Analysis – May 14, 2017
USDJPY moved above the top trend line of the price channel on daily chart, indicating that the bearish movement from 118.66 had completed at 108.13 already. Further rally could be expected after correction and next target would...
USD/JPY Forecast May 15, 2017, Technical Analysis
The USD/JPY pair fell during the day on Friday, breaking below the 113.50 level. This is a psychologically significant level, and of course the “fair value” of the consolidation area previously marked on the chart by a...
USD/JPY Forecast May 12, 2017, Technical Analysis
The USD/JPY pair had a negative session on Thursday, but found enough support at the 113.50 level to turn things around and form a perfect hammer on the hourly chart. It now looks as if the market...
USDJPY Daily Analysis – May 12, 2017
USDJPY continued its bullish movement from 108.13 and the rise extended to as high as 114.36. Near term support is at the ascending trend line on 4-hour chart. As long as the pair is above the trend...
USD/JPY Forecast May 11, 2017, Technical Analysis
The USD/JPY pair had a volatile session on Wednesday, as we bounced off the 113.50 level, and then finally managed to build up enough momentum to break above the 114 handle. It looks as if we are...
USDJPY Daily Analysis – May 11, 2017
USDJPY’s bullish movement from 108.13 extended to as high as 114.36. Support is now located at the ascending trend line on 4-hour chart. As long as the pair is above the trend line, the uptrend could be...
USD/JPY Forecast May 10, 2017, Technical Analysis
The USD/JPY pair has been explosive during the day on Tuesday, as we have breached the 114 handle. The market will eventually go towards the 115 level above, which of course was the top of the recent...
USDJPY Daily Analysis – May 10, 2017
USDJPY broke out of the top of the price channel on 4-hour chart and reached as high as 114.32. Consolidation for the uptrend would likely be seen in a couple of days and pullback to the bottom...