USDJPY broke below 111.59 support, indicating that the long term downtrend from 118.66 (Dec 15, 2016 high) has resumed. As long as the pair is in the descending price channel on 4-hours chart, the short term downtrend...
USD/JPY daily chart, March 21, 2017 The USD/JPY pair did almost nothing during the day on Monday, as we should see quite a bit of support just below. I believe that the 112 level will be very...
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 wave A is subdivided in...
USDJPY continued its downward movement from 115.50 and the fall extended to as low as 112.26. Resistance is located at the top of the price channel on 4-hours chart. As long as the channel resistance holds, the...
USDJPY sold off after the FOMC decision as traders booked profits off the event. As a result, resistance at the 115.25 area held and price made its way back to the range support at 112.35. If this...
USDJPY’s downward movement from 115.50 extended to as low as 112.47. As long as the pair stays in the downward price channel on 4-hours chart, the downtrend could be expected to continue and further decline to test...
USDJPY failed to break above 115.62 resistance and continued its sideways movement in a range between 111.58 and 115.62. Deeper decline to test 111.58 support would likely be seen next week. A break of this level will...
USD/JPY daily chart, March 20, 2017 The USD/JPY pair fell slightly during the day on Friday, as we continue to drift a bit lower. I believe that there is massive support near the 112 handle though, so...
USD/JPY daily chart, March 17, 2017 The USD/JPY pair fell slightly during the day on Thursday as we continue to bounce around the 113 handle. I think if we can break down below here, the market will...
USDJPY’s short term downtrend from 115.50 extended to as low as 112.90. Deeper decline to test 111.59 support is still possible after a minor consolidation. Resistance is located at the top of the price channel on 4-hours...
