The USD/JPY pair rose during the course of the day on Monday, as the 120 level continues offer a significant amount of support. We believe that this market ultimately will break out above the top of the...
USDJPY has been forming lower highs and testing support at the 120.50 minor psychological level, creating a descending triangle pattern visible on the short-term time frames. Price is on its way up to test the resistance again...
USDJPY is testing 121.62 resistance, a break of this level will signal resumption of the uptrend from 116.13, then the following upward movement could bring price to 125.00 area. Support levels are at 118.16 and 116.13, only...
The USD/JPY pair broke higher during the course of the day on Thursday, as we continue to try to break out of the recent consolidation area. Because of this, if we can break above the 121.50 level...
The USD/JPY pair went back and forth during the course of the session on Tuesday, testing the 120 level for support. With that being the case, the market looks as if it is possibly going to bouncer...
The USD/JPY pair initially fell during the course of the session on Monday but found enough support near the 120.50 level to turn things back around and form a nice-looking hammer. The hammer of course should signify...
USDJPY is facing 121.62 resistance, a break of this level will indicate that the uptrend from 116.13 has resumed, then next target would be at 125.00 area. Support levels are at 118.16 and 116.13, only break below...
The USD/JPY pair initially fell during the course of the session on Friday, but found enough support just above the 120 level to turn things back around and form a very impulsive looking green candle. That being...
The USD/JPY pair broke higher during the course of the session on Thursday as we cleared the 120 handle. This was probably a bit of a “knock on effect” as the US dollar strengthened due to the...
The USD/JPY pair went back and forth during the course of the day on Wednesday, testing the 120 handle. That being the case, the market looks as if it is starting to show significant strength below, but...
