USDJPY moved sideways in a narrow range between 118.58 and 121.62. The price action in the range is likely consolidation of the uptrend from 116.13. Further rise to 125.00 area could be expected, and the target would...
The USD/JPY pair initially tried to rally during the course of the session on Friday, but fell back into the previous consolidation area in the form of the triangle. That being the case, we have a market...
The USD/JPY pair fell initially during the course of the day on Thursday, but turned back around to form a bit of a hammer. We continue to meander around the 120 level though, so it appears that...
The USD/JPY pair went back and forth during the day but settled on a slightly positive candle. It appears that the market is basically “stuck” to the 120 handle. Because of this, we are simply sitting on...
The USD/JPY pair fell during the course of the session on Tuesday, as we continue to bounce around the 120 handle. This is an area that’s been very magnetic as far as the markets are concerned, and...
The USD/JPY pair broke higher during the course of the day on Monday, breaking back above the 120 handle. The market looks as if it wants to go higher, heading towards the 122 level. With this, the...
USDJPY is in uptrend from 116.13, the fall from 121.62 is likely correction of the uptrend. Further rise could be expected after correction, and next target would be at 125.00 area. Key support is at 116.13, only...
The USD/JPY pair initially fell during the course of the session on Friday, but found enough support below to turn things back around to form a nice-looking hammer. The hammer of course suggests that the buyers are...
USDJPY has been making higher lows and lower highs, creating a symmetrical triangle on its 1-hour time frame. Price just bounced off the triangle resistance and is currently testing support, still awaiting a bounce or a breakdown....
The USD/JPY pair broke higher during the course of the day on Wednesday, bouncing off of the 120 handle. However, we are still well within consolidation and of course are waiting on the FOMC’s Statement in order...
