USDJPY is now in downtrend from 105.44, the price action from 100.75 could be treated as consolidation of the downtrend. Key support is at 100.75, a breakdown below this level will indicate that he downtrend has resumed,...
The USD/JPY pair did very little during the session on Friday, as liquidity would have been a little bit lower than usual due to the Good Friday holiday. That being said, it appears that the market still...
USDJPY’s bounce from 101.32 extended to as high as 102.56. However, the bounce is likely consolidation of the downtrend from 104.12. Resistance is now at 102.75, as long as this level holds, the downtrend could be expected...
The USD/JPY pair initially fell during the session on Thursday, but as you can see from enough support to turn things background inform a hammer. This hammer suggests that we are going to go higher, and as...
The USD/JPY pair broke above the 102 level during the session on Wednesday, signifying that we would more than likely continue to grind higher. With that, we are bullish of this market, and fully anticipate that it’s...
USDJPY’s bounce from 101.32 extended to as high as 102.36. Range trading between 101.32 and 102.40 would likely be seen in a couple of days. As long as 102.40 resistance holds, the rise could be treated as...
There have been quite a few economic reports released over the past three trading days which painted an economic picture in China which is not reflected in many asset prices. Despite lackluster economic data traders have for...
The USD/JPY pair fell initially during the session on Tuesday, but found support down near the 101.50 level yet again. This area has been very strong for some time now, and as a result it doesn’t surprise...
USDJPY failed to break below 101.20 support and rebounded from 101.32. Range treading between 101.32 and 102.40 would likely be seen over the next several days. Resistance is at 102.40, as long as this level holds, the...
The USD/JPY pair rose during the session on Monday, bouncing off of the obvious support level near the 101.25 level. With that, we believe that the market continues to go higher, probably targeting the 103 level given...
