Being contained by 101.20 support, USDJPY rebounded from 101.32, indicating that consolidation of the downtrend from 104.12 is underway. Range trading between 101.32 and 102.40 would likely be seen in a couple of days. Resistance is at...
USDJPY remains in downtrend from 104.12. Further decline is still possible after a minor consolidation, and next target would be at 100.50 area. Resistance is at 102.15, only break above this level will indicate that the downtrend...
USDJPY is facing 100.75 support again, a breakdown below this level will signal resumption of the downtrend from 105.44, then the next target would be at 95.00 area. On the upside, as long as 100.75 support holds,...
The USD/JPY pair initially rose during the session on Friday, bouncing off of the 101.50 support area. That being the case, it does look somewhat bullish down here, but we gave back about half of the gains....
The USD/JPY pair fell during the session on Thursday, testing the 101.50 level. Looking at this market, you can see that the support level has been rather stiff below. So it makes sense that we could see...
USDJPY’s downward movement from 104.12 extended to as low as 101.32. Further decline would likely be seen, and next target would be at 100.50 area. Resistance is at 102.15, only break above this level could signal completion...
Economic data released out of Japan and China pointed towards an economy much slower than current market prices as well as currency crosses suggested. Forex traders have been slow to react to the economic disappointments which mean...
USDJPY remains in downtrend from 104.12, the rise from 101.55 is likely consolidation of the downtrend. Resistance levels are at 102.15 and 102.55, as long as these levels hold, the downtrend could be expected to resume, and...
The USD/JPY pair went back and forth during the session on Wednesday falling just below the 102 level. The candle going back and forth during the session on Wednesday suggests that we are trying to find some...
USDJPY is now in downtrend from 104.12. Deeper decline could be expected after a minor consolidation, and next target would be at 100.50 area. Resistance is at 102.30, as long as this level holds, the downtrend will...
