The USD/JPY pair initially fell during the day on Monday, but turned back around to test the 125 level. Although we did not close above there, the market did close enough to make us believe that we...
USDJPY broke above 1.2202 resistance, indicating that the long term uptrend from 75.57 (Oct 31, 2011) has resumed. Further rise could be expected after a minor consolidation, and next target would be at 130.00 area. Near term...
The USD/JPY pair rose slightly during the session on Friday, testing the 124 handle. However, the market is a bit overextended at this point time, so we are hesitant to start buying. Quite frankly, we need to...
The USD/JPY pair initially rose during the course of the day on Thursday, but until the momentum could not continue. Because of this, the market ended up pulling back and while that is a somewhat negative sign,...
The USD/JPY pair initially tried to fall a bit during the session on Wednesday, but found the 123 level to be supportive enough to continue to push this market towards the 125 handle. We reached as high...
The USD/JPY pair broke higher during the course of the day on Tuesday, clearing the 122 handle. We are broken out at this point, and we feel that this market then heads to the 125 handle over...
USDJPY has been trading inside a long-term ascending triangle visible on its daily time frame. Price is testing the triangle resistance near the 122.00 major psychological level right now and may be due for a bounce or...
USDJPY is facing 122.02 resistance, a break of this level will indicate that the long term uptrend from 75.57 (Oct 31, 2011) has resumed, then the following upward movement could bring price to 130.00 area. Key support...
The USD/JPY pair broke higher during the course of the session on Friday, as we are testing the 121.50 level. Because of this, it appears that the market will try to break out, and if we can...
The USD/JPY pair broke higher during the course of the day on Wednesday, clearing the 121 handle. By doing so, looks like the markets ready to try to break out, but we need to practice a lot...
