The USD/JPY pair initially fell during the session on Thursday, but as you can see found enough support below the 102 level to turn around and form a nice-looking hammer. This is a market that we have...
USDJPY stays in a downward price channel on 4-hour chart, and remains in downtrend from 105.44, the rise from 100.75 could be treated as consolidation of the downtrend. As long as the channel resistance holds, the downtrend...
USDJPY is testing the resistance of the upper line of the price channel on 4-hour chart. A clear break above the channel resistance will indicate that the downtrend from 105.44 had completed at 100.75 already, then the...
The USD/JPY pair has been one that we been following fairly closely over the last several months now. During the session on Wednesday, you can see that the market tried to fall, but found enough support in...
The USD/JPY pair rose during the session on Tuesday, using the 102 level as a springboard. Part of this would’ve been because of the Federal Reserve continuing to taper according to Janet Yellen’s words, and as a...
USDJPY is facing the resistance of the upper line of the price channel. As long as the channel resistance holds, the rise from 100.75 could be treated as consolidation of the downtrend from 105.44, another fall towards...
The USD/JPY pair spent most the day falling on Monday, but did gapped higher at the open. Essentially, we ended up filling that gap and showing that the 102 level is in fact going to be supportive....
USDJPY broke above the upper line of the price channel on 4-hour chart, suggesting that consolidation of the downtrend from 105.44 is underway. Further rally would likely be seen and the target would be at 103.50 area....
USDJPY remains in downtrend from 105.44, and the fall extended to as low as 100.75. Further decline would likely be seen in a couple of weeks, and next target would be at 98.00 area. Initial resistance is...
The USD/JPY pair initially fell during the session on Friday as a poor jobs report came out of the United States. However, we found enough support near the 101.50 level to bounce and form a hammer. On...
