USD/JPY Forecast November 24, 2016, Technical Analysis
The USD/JPY pair rose again during the day on Wednesday as we continue to slice to the upside. This is a market that is overbought though, and as a result I’m waiting to see a pullback in...
Tag: USDJPY
USDJPY Daily Analysis – November 24, 2016
USDJPY’s upward movement from 101.18 extended to as high as 112.97. Further rise could be expected after a minor consolidation, and next target would be at 115.00 area. Support is at 110.00, as long as this level...
USD/JPY Forecast November 22, 2016, Technical Analysis
The US dollar continues to grind higher against the Japanese yen as we now find yourselves testing the 111 handle. However, this is an extraordinarily oversold market, so I’m not willing to go long here. I need...
USDJPY Daily Analysis – November 22, 2016
USDJPY remains in uptrend from 101.18, the fall from 111.36 is likely consolidation of the uptrend. Key support is at 108.50, as long as this level holds, the uptrend could be expected to continue, and next target...
USDJPY Daily Analysis – November 21, 2016
USDJPY stays above the upward trend line on 4-hour chart and remains in uptrend from 101.18. As long as the trend line support holds, the uptrend could be expected to continue, and next target would be at...
USDJPY Weekly Analysis – November 20, 2016
USDJPY broke above 107.48 resistance, indicating that the downtrend from 125.85 (Jun 5, 2015 high) had completed at 98.97 already. Further rise is still possible after a minor consolidation, and next target would be at 115.00 area....
USD/JPY Forecast November 21, 2016, Technical Analysis
The USD/JPY pair initially fell on Friday but then continued the bullish pressure that we have seen. It now looks as if we are ready to go even higher, as the surprise election of Donald Trump has...
USD/JPY Forecast November 18, 2016, Technical Analysis
The USD/JPY pair rallied during the day on Thursday, testing the top of the shooting star from the Wednesday session. Because of this, it’s likely that the market will continue to try to break out to the...
USDJPY Daily Analysis – November 18, 2016
USDJPY’s upward movement from 101.18 extended to as high as 110.68. Near term support is at upward trend line on 4-hour chart. As long as the trend line support holds, the uptrend could be expected to continue,...
USD/JPY Forecast November 17, 2016, Technical Analysis
The US dollar went back and forth during the course of the session on Wednesday against the Japanese in. We are overextended at this point, so I believe that a pullback from here is more than likely...