USDJPY broke below 111.58 support, indicating that the downtrend from 118.66 has resumed. Further decline could be expected over the next several weeks and next target would be at 105.00 area. Near term resistance is at 113.00,...
USD/JPY daily chart, March 24, 2017 The USD/JPY pair had a choppy session on Thursday, testing the 200-exponential moving average and showing signs of volatility. If we can break above the top of the candle, the market...
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 110.62. Further decline is still possible after a minor consolidation and next target would be at 110.00 area. Near term resistance is at the top of the...
USDJPY recently broke down from its range visible on the 4-hour time frame, signaling that a selloff is in order. Price seems to be in the middle of a correction to this area of interest, though, and...
Short term Elliott Wave view in USDJPY suggests that rally to 115.48 on 3/10 ended Intermediate wave (X). Decline from there is unfolding as a zigzag Elliott wave structure in which the first leg Minor wave A is subdivided in 5 impulsive waves....
USD/JPY daily chart, March 23, 2017 The USD/JPY pair fell during the day on Wednesday, testing the 200-exponential moving average. If we can bounce from here, that saves a certain amount of bullish pressure in a market...
USDJPY ran in the descending price channel on 4-hours chart and the downward movement from 115.50 extended to as low as 110.73. Near resistance is at the top of the price channel. As long as the channel...
Short term Elliott Wave view in USDJPY suggests that rally to 115.48 on 3/10 ended Intermediate wave (X). Decline from there is unfolding as a zigzag Elliott wave structure in which the first leg Minor wave A is subdivided...
USD/JPY daily chart, March 22, 2017 The USD/JPY pair initially tried to rally on Tuesday but found enough resistance above the 112.50 level to turn things around and form a negative candle. By doing so, looks as...
