The USD/JPY pair pulled back on Monday, but found enough support to pop back above the 103 level and form a nice-looking hammer. This hammer suggests that we are going higher, which is what we believe in...
USDJPY remains in uptrend from 96.94 (Oct 25 low), the fall from 103.92 could be treated as consolidation of the uptrend. Support is located at the lower line of the price channel on 4-hour chart, as long...
USDJPY’s upward movement from 96.57 extended to as high as 103.92. Another rise to test 103.73 resistance could be expected next week, a break above this level will signal resumption of the uptrend from 75.57 (Oct 31,...
The USD/JPY pair initially tried to rally during the session on Friday, but as you can see pullback to form a shooting star. However, the shooting star is probably just going to be an opportunity to buy...
The USD/JPY pair shot straight up during the session on Thursday, and tested the 103.50 resistance area. Because of this, we feel that the Japanese yen will continue to weaken overall, and that buying this pair is...
The USD/JPY pair fell during the bulk of the session on Wednesday, but found the 102 level be supportive enough to cause a slight bounce at the end of the session. We are still well within the...
The USD/JPY pair fell during the session on Tuesday, but as you can see bounced a little bit towards the end of the day. We have now filled the gap from the weekend completely, and as a...
The USD/JPY pair gapped higher at the open on Monday, but turned around and found support at the 103 level before bouncing even higher. The market ended up forming a hammer for the session, and as a...
USDJPY is facing 103.73 resistance, a break above this level will confirm that the uptrend from 75.57 (Oct 31, 2011 low) has resumed, then the following upward movement could bring price to 110.00 area.
The USD/JPY pair shot straight up during the session on Friday in response to the slightly better than anticipated jobs number out of the United States. This has the market looking for the Federal Reserve to taper...
