The USD/JPY pair broke down during the session on Tuesday, slicing through the bottom of the hammer on Monday. This of course suggests that we are going to go much lower, and I believe there is a...
USDJPY’s downward movement from 118.60 extended to as low as 112.56. Resistance is located at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue,...
The USD/JPY pair fell on Monday, but found enough support near the 114 level to turn things around to form a hammer. There is a lot of noise between here and the 111.50 level, meaning that I...
USDJPY stays below the downward trend line on 4-hour chart, and remains in downtrend from 118.66. As long as the trend line resistance holds, the downtrend could be expected to continue, and next target would be at...
USDJPY broke below 114.73 support, indicating that the upward movement from 101.18 had completed at 118.66 already. Deeper decline could be expected over the next several weeks, and the target would be at 110.00 area. Resistance is...
The USD/JPY pair went back and forth on Friday, testing the 115 level. This is an area where I think we will see a significant amount of support, but I also believe that the support extends all...
USDJPY’s downward movement from 118.66 extended to as low as 113.75. Resistance is at the downward trend line on 4-hour chart. As long as the trend line resistance holds, the downtrend could be expected to continue, and...
The USD/JPY pair rallied during the day on Wednesday, turning back around to form a shooting star. However, there is a significant amount of support underneath near the 115 level, so I believe that sooner rather than...
USDJPY broke below 114.73 support, indicating that the uptrend from 101.18 (Nov 9, 2016 low) had completed at 118.66 already. Further decline could be expected over the next several days, and next target would be at 112.50...
The USD/JPY pair fell on Tuesday, testing the 115 level for support, which it looks as if it is finding. However, we need to see some type of bounce or supportive candle to go long at this...
