The USD/JPY pair fell initially on Wednesday but found enough support again near the 112.50 level to turn things around and form a hammer. The hammer of course is a bullish sign and if we can break...
USDJPY is short term downtrend from 114.95 and the rise from 112.61 is likely consolidation of the downtrend. Further decline to test 111.59 support is possible. A breakdown below this level will indicate that the longer term...
The USD/JPY pair rallied a bit during the day on Tuesday as we continue to see support near the 112.500 level. If we can break above the top of the range I think that we will test...
USDJPY is forming a sideways consolidation in a range between 110.59 and 115.62. Another fall to test 111.59 support would likely be seen and a breakdown below this level will signal resumption of the downtrend from 118.66...
The USD/JPY pair rallied a bit during the day on Friday, but the markets were quiet in general. The 112.50 level looks to be the beginning of significant support, and if we can break above the top...
USDJPY recently broke above its descending channel visible on the 1-hour time frame, indicating that it’s done with its downtrend. Price climbed up to a high of 115.00 before pulling back and applying the Fib tool on...
USDJPY’s downward movement from 114.95 extended to as low as 112.61. Further decline to test 111.59 support would likely be seen in a couple of days, a breakdown below this level will signal resumption of the longer...
USDJPY remains in downtrend from 118.66, the rise from 111.58 is likely consolidation of the downtrend. Resistance is at 115.65. As long as this level holds, the downtrend could be expected to continue and next target would...
The USD/JPY pair fell during the day on Friday, testing the 112.50 level for support. However, I think there’s enough support just below that eventually this market will bounce and reach towards the 115 handle. I think...
The USD/JPY pair fell a bit during the day on Thursday, clearing the bottom of the shooting star from Wednesday. This of course is a negative sign but I think there’s plenty of support just below and...
