USDJPY continues to trend higher, moving above a rising trend line on its 1-hour time frame. Price recently broke past the resistance around the 113.50 minor psychological level and zoomed up to the 114.50 area before pulling...
USDJPY broke above 113.89 resistance, indicating that the uptrend from 101.18 has resumed. Further rise could be expected, and next target would be at 118.00 area. Near term support is at 112.15, as long as this level...
The USD/JPY pair rallied during the day on Tuesday, breaking above the 112.50 level during the day. Ultimately, this is a market that will continue to try to go higher, but it’s likely that we need a...
The USD/JPY pair initially fell on Monday but found enough buyers near the 111 area to turn things around and form a bit of a hammer. A break above the top of the hammer is a bullish...
USDJPY is trending higher on its 1-hour chart, moving above an ascending trend line connecting the latest lows of price action. Price is currently testing this support area, which lines up with the 61.8% Fibonacci retracement level...
USDJPY broke below the upward trend line on 4-hour chart, indicating that consolidation of the uptrend from 101.18 is underway. Range trading between 109.00 and 113.89 would likely be seen over the next several days. Support is...
The USD/JPY pair went back and forth during the session on Friday, as the market looks to be running out of steam. Quite frankly, I think this is good news as a pullback would be a nice...
USDJPY’s upward movement from 101.18 extended to as high as 113.89. Further rise could be expected after a minor consolidation and next target would be at 120.00 area. Support levels are at 111.50 and 109.00, as long...
The US dollar rallied on Thursday again, breaking above the 113 handle. The market continues to be a bit overextended, so it’s difficult to get long of this market now. Essentially, you would be “chasing the trade”,...
USDJPY continued its upward movement from 101.18 and the rise extended to as high as 113.89. Support is at the upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend could...
