Tag: USDJPY

The USD/JPY pair initially fell during the course of the day on Monday, but turned back around to form a hammer. The hammer of course is a very bullish sign, so it looks like we will continue...

USDJPY broke out of its double bottom formation on the 1-hour time frame, signaling that a reversal from the previous downtrend is about to take place. However, price has encountered resistance near the 112.00 major psychological level...

The USD/JPY pair broke down during the course of the day on Friday, slicing through the 110 level, and of course the 111 level. Because of this, it looks as if the market is going to continue...

The USD/JPY pair fell slightly during the course of the day on Thursday, as the 110 level offered enough resistance to turn the market back around a bit. Ultimately, this is a market that should continue to...

The USD/JPY pair broke higher during the course of the day on Wednesday, clearing the top of the shooting star from the Tuesday session. This is a very positive sign, and means that we will more than...

The USD/JPY pair went back and forth during the day on Tuesday, as we broke above the 109 level. However, there’s a lot of noise between here and the 110 level, so it’s likely that we could...

The USD/JPY pair gapped lower at the open on Monday, but turn right back around to fill that gap. Nonetheless, we see quite a bit of resistance all the way to the 110 level, and believe that...

USDJPY has bounced off support near the 108.00 major psychological level once more, creating a double bottom formation on the 1-hour time frame. Price is on its way to test the neckline at 109.75 and a break...