The USD/JPY pair when higher during the session on Wednesday, as the Federal Reserve announced that it believed short-term interest rates would reach 1% by the end of next year. That is stronger and higher than originally...
USDJPY failed to break below 101.20 support and rebounded to as high as 102.68. However, the rise is likely correction of the downtrend from 103.76, another fall to re-test 101.20 support is still possible, a breakdown below...
USDJPY is facing 101.20 support again, a breakdown below this level will signal resumption of the downtrend from 103.76, then the following downward movement could bring price to 98.00 zone. Resistance is at 101.95, only break above...
The USD/JPY pair fell during the session on Tuesday, but remains in the consolidation area that we have been in for some time. That being the case, we feel that this market should continue to go higher,...
The USD/JPY pair rose during the session on Monday, bouncing off of the 101.50 level. This looks like a market that is ready to consolidate somewhere, but keep in mind that there is a nice uptrend line...
Being contained by 101.20 support, USDJPY rebounded to 101.94, suggesting that consolidation of the downtrend from 103.76 is underway. Range trading between 101.20 and 102.50 would likely be seen in a couple of days. As long as...
USDJPY is facing 101.20 support, a breakdown below this level will signal resumption of the downtrend from 105.44 (Jan 2 high), then the following downward movement could bring price to 98.00 area. Resistance is at 101.90, only...
USDJPY is facing 100.75 support, a breakdown below this level will indicate that the downtrend from 105.44 has resumed, and the following downward movement could bring price to 95.00 area. Resistance is now at 103.80, only break...
USD/JPY pair fell during the session on Friday, but as you can see is above the uptrend line that is in our opinion somewhat major, and above the 101 handle. With that, we feel that the market...
The USD/JPY pair went back and forth during the session on Wednesday, essentially settling nothing. The area just below has been supportive in the past, so it would make sense that we would find buyers in this...
