The USD/JPY pair went back and forth during the course of the day on Thursday, testing the 120 handle. That’s an area where we see a significant amount of resistance in our opinion, as it is a...
USDJPY is encountering strong resistance at the 120.00 major psychological mark and may be due for a pullback soon. Price could test the rising trend line on its 1-hour chart, as this has been holding as support...
USDJPY continued its upward movement from 105.32 (Oct 15 low), and the rise extended to as high as 120.24. Near term support is at the bottom of the price channel on 4-hour chart. As long as the...
USDJPY’s upward movement from 105.32 extended to as high as 119.93. Further rise could be expected and next target would be at 122.00 area. Key support is at 117.23, only break below this level could signal completion...
The USD/JPY pair rose during the course of the day on Tuesday, breaking higher and clearing the 190 level. With that, we feel that the market should eventually go to the 120 level, and that pullbacks at...
USDJPY continued its upward movement from 105.32, and the rise extended to as high as 119.43. Further rise could be expected, and next target would be at 122.00 area. Key support is at 117.23, only break below...
The USD/JPY pair fell during the session on Monday, but as you can see found enough support near the 180 level to turn things back around and form a little bit of a hammer. Nonetheless, we have...
USDJPY has been on a strong climb in the past month, with the pair currently testing the rising trend line on the 1-hour forex time frame. A bounce off this support zone could lead to a rally...
USDJPY remains in uptrend from 105.32, the price action from 118.97 is likely consolidation of the uptrend. Support is now at 117.23, as long as this level holds, the uptrend could be expected to continue, and next...
USDJPY broke above 118.97 resistance, indicating that the uptrend from 105.32 has resumed. Further rise could be expected, and next target would be at 122.00 area. Support is now at 117.23, only break below this level could...
