USDJPY remains in downtrend from 123.75, the sideways movement in a range between 110.66 and 114.87 is likely consolidation of the downtrend. Resistance is at 114.87, as long as this level holds, the downtrend could be expected...
The USD/JPY pair went back and forth during the course of the session on Thursday, forming a hammer yet again. We formed on Wednesday another hammer, so it leads us to believe that we will probably bounce...
The USD/JPY pair fell hard during the course of the session on Tuesday, but remains well within the consolidation area that we have seen. However, we cannot help but notice that this has made the Monday candle...
USDJPY has formed lower highs and found support at 111.25, creating a descending triangle pattern on its 4-hour time frame. Price is currently testing the resistance at 113.50 and if this keeps gains in check, the pair...
The USD/JPY pair fell during the course of the day on Monday, but turned gray back around to bounce and form a bit of a hammer. The hammer of course suggests that we are going to go...
USDJPY continued its sideways movement in a range between 110.66 and 114.87. As long as 114.87 resistance holds, the price action in the range could be treated as consolidation of the downtrend from 123.75, another fall towards...
The USD/JPY pair went back and forth during the course of the session on Thursday, as we struggled to break above the resistance barrier. With this, it looks as if the market will struggle to go higher,...
The USD/JPY pair initially tried to rally during the day on Wednesday, but found enough resistance to turn things back around and form a shooting star. That being the case, looks as if we could very well...
The USD/JPY pair initially fell during the day on Tuesday but found enough support again to turn things around and form a rather positive candle. We are above the 112 level now, and it looks as if...
The USD/JPY pair rose slightly during the course of the day on Monday, as we continue to find support somewhere closer to the 111 level. We could very well rally all the way to the 114.50 level,...
