After touching 121.84 (Dec 8, 2014 high) resistance, USDJPY pulled back from 122.02. However, the fall is likely consolidation of the uptrend from 118.23. Support is located at the upward trend line on 4-hour chart, as long...
The USD/JPY pair initially fell during the session on Monday, but found enough support to turn things back around and form a nice-looking hammer. The hammer of course suggests that we are going to continue going higher,...
USDJPY is facing 121.84 (Dec 8, 2014 high) resistance, a break of this level will indicate that the uptrend from 101.06 (Jul 10, 2014 low) has resumed, then next target would be at 125.00 area. Support is...
USDJPY broke above the ascending triangle resistance on its 1-hour chart and confirmed the bullish momentum for the pair. This occurred after the stronger than expected US NFP report was released, increasing speculations for a Fed rate...
USDJPY’s upward movement from 118.23 extended to as high as 121.28. Further rise to test 121.84 (Dec 8, 2014 high) resistance is possible. Support is located at the upward trend line on 4-hour chart, only a clear...
USDJPY is facing 121.84 resistance, a break of this level will indicate that the uptrend from 101.06 (Jul 10, 2014 low) has resumed, then next target would be at 130.00 area. On the other side, as long...
USDJPY could be gearing up for another strong breakout, as the pair is moving inside an ascending triangle pattern on its 1-hour chart. Price is currently testing the top of the formation, still deciding whether to make...
The USD/JPY pair broke higher during the course of the session on Thursday, clearing the 120 handle. However, with the nonfarm payroll numbers coming out today, it’s very likely that the market should continue to tread water...
USDJPY is facing 120.47 resistance again, a break of this level will signal resumption of the uptrend from 101.06 (Jul 10, 2014 low), then the following upward movement could bring price to 125.00 area. Support is at...
The USD/JPY pair initially fell during the course of the day on Wednesday, but as you can see found enough support to turn things back around and form a hammer. In fact, this is the second hammer...
