USDJPY formed a sideways consolidation in a range between 111.58 and 115.62. As long as 115.62 resistance holds, the sideways movement could be treated as consolidation of the downtrend from 118.66, and further decline to 110.00 area...
The USD/JPY pair broke higher during the day on Thursday, reaching towards the 115 handle. I think we will get there, but at that point we may run into a bit of resistance. Currently, we are consolidating...
USDJPY is facing 114.95 resistance, a break of this level will signal completion of the downtrend from 118.66 (Dec 15, 2016 high), then the following upward movement could bring price to 117.50 area. Support is at 113.45,...
USDJPY’s upward movement from 111.68 extended to as high as 114.15. Further rise to test 114.95 resistance is possible in a couple of days. A break of this level will indicate that the downtrend from 118.66 (Dec...
The USD/JPY pair fell a bit during the session on Tuesday, reaching towards the 112 level. We have seen a bit of support just below there though, so a bounce could be coming. If we can break...
USDJPY failed to break below 111.59 support and broke above the resistance of the downward trend line on 4-hour chart, indicating that the downtrend from 114.95 is complete. Further rally could be seen in a couple of...
The USD/JPY pair went back and forth on Monday, as we continue to test the 30.2% Fibonacci retracement level. This is an area that should continue to offer support, and I think the support runs down to...
USDJPY is facing 111.59 support, a breakdown below this level will confirm that the downtrend from 118.66 (Dec 15, 2016 high) has resumed, then further decline to 111.00 area could be seen. Near term resistance is located...
USDJPY remains in downtrend from 118.66. As long as the pair stays below 115.62 resistance, the downtrend could be expected to continue, and next target would be at 110.00 area. On the upside, a break of 115.62...
The USD/JPY pair initially tried to rally during the day on Friday, but turned around to test the 112 level. Ultimately, the market does see a significant amount of support just below, so having said that it’s...
