USDJPY remains in downtrend from 118.60, the price action from 112.56 is likely consolidation of the downtrend. Near term resistance is at the downward trend line on 4-hour chart. As long as the trend line resistance holds,...
USDJPY is trending lower on its 1-hour time frame, moving inside a descending channel and approaching support at the 111.50-111.75 area. A bounce off this area could take price back up to the channel resistance around the...
After touching that downward trend line on 4-hour chart, USDJPY pulled back to 113.65, indicating that the pair remains in downtrend from 118.60. Further decline is still possible in a couple of days, and next target would...
USDJPY is in consolidation of the uptrend from 98.97 (Jun 24, 2016 low). Range trading between 110.00 and 118.66 would likely be seen over the next several weeks. As long as 110.00 support holds, the uptrend could...
The USD/JPY pair tried to rally, but the Friday markets all the 115 level to be a bit resistive. If we can break above the top of the shooting star from Thursday, the market then should go...
USDJPY continues to trend lower on its 1-hour time frame, moving inside a descending channel connecting the latest highs and lows. Price is currently bouncing off the channel resistance at the 115.50 minor psychological level and could...
The USD/JPY pair broke higher on Thursday, clearing the 115 handle again. This looks as if it is a sign that the market is going to continue to go to the upside, and thus we will reach...
USDJPY broke above the downward trend line on 4-hour chart, indicating that the downtrend from 118.60 had completed at 112.56 already. Further rise could be expected and next target would be at 117.50 area. Near term support...
The US dollar bounced a bit against the Japanese yen, but gave back some of the gains towards the end of the session. Given enough time, I think we get a supportive daily candle, but I don’t...
USDJPY is facing the resistance of the downward trend line on 4-hour chart. As long as the trend line resistance holds, the rise from 112.56 could be treated as consolidation of the downtrend from 118.60, and further...
