USDJPY is facing 111.57 resistance. As long as the pair is below this level, the rise from 110.11 could be treated as consolidation of the downtrend from 115.50 and further decline to 109.00 area is still possible...
Short term Elliott Wave view in USDJPY suggests that cycle from 3/10 peak (115.53) has ended with Minor wave A at 110.07. Decline from 115.53 is unfolding as a 5 waves impulse Elliott wave structure with an...
Although the Fed is in the rate hike cycle, USD rally started to lose momentum early this year when market started to realize that monetary policy divergence started to narrow. ECB has started to talk about rate hikes,...
USD/JPY daily chart, March 29, 2017 The USD/JPY pair initially fell during the session on Tuesday but found enough support below to turn things around again. It appears that the 50% Fibonacci retracement level is going to...
USDJPY broke above the channel resistance and is now facing 111.57 key resistance. A break of this level will indicate that the downtrend from 115.50 had completed at 110.11 already, then the following upward movement could bring...
USD/JPY daily chart, March 28, 2017 The USD/JPY pair fell during the day on Monday, reaching towards the 110 level below. That’s an area that will attract a lot of attention, not only because of the large,...
We are taking the more aggressive view in USDJPY and calling the rally to 115.48 on 3/10 as Intermediate wave (B). Decline from there is unfolding as a 5 waves impulse Elliott wave structure with an extension in wave 3....
USDJPY’s downward movement from 115.50 extended to as low as 110.11. Deeper decline it still possible and next target would be at 109.00 area. Near term resistance is at the top of the price channel on 4-hours...
USDJPY continued its downward movement from 115.50 and the fall extended to as low as 110.25. Further decline is still possible after a minor consolidation and next target would be at 109.00 area. Near term resistance is...
USD/JPY daily chart, March 27, 2017 The USD/JPY pair initially tried to rally on Friday but turned around to form a shooting star. The 200 exponentials moving averages slicing right through the candle, so I think we...
