USDJPY is facing 116.13 support, a breakdown below this level will indicate that the long term uptrend from 75.57 (Oct 31, 2011 low) had completed at 125.85 (Jun 5, 2015 high) already, then the following downward movement...
The USD/JPY pair initially tried to rally during the course of the session on Friday, but found enough resistance above the 118.50 level to turn things back around and form a rather negative candle. That being the...
The USD/JPY pair fell during the session on Thursday, breaking well below the 118 level which we had previously suggested was massive support. The fact that we turned back around to form a hammer suggests that the...
The USD/JPY pair fell during the course of the session on Wednesday, breaking down below the 118.50 level at one point in time. However, we turned back around to form a hammer later in the day, and...
The USD/JPY pair fell during the course of the day on Tuesday, testing the bottom of the hammer from the Monday session. We still have the 118.50 level below as support, so it’s not until we get...
The USD/JPY pair initially fell during the course of the day on Monday, as fears of Asian problems persisted. After all, Chinese lost 7% during their stock market training day, and that of course would have had...
USDJPY continued its downward movement from 123.75, and the fall extended to as low as 120.00. Further decline would likely be seen in a couple of weeks, and next target would be at 118.00 area. Resistance is...
The USD/JPY pair fell during the course of the day on Thursday, but bounced enough to form a bit of a hammer. Since we are bullish of this pair longer term anyway, we like this hammer and...
The USD/JPY pair bounced a little bit during the course of the day on Wednesday, but quite frankly we feel this market is simply sitting still before the holiday. The 120 level below should be supportive, and...
The USD/JPY pair did very little during the session on Tuesday as the market continues to hover about. The 120 handle of course is important when it comes to the longer-term attitude of this market, but given...
