The USD/JPY pair is one that will be very interesting to watch the rest of this week. With the nonfarm payroll number coming out on Friday, it is not surprising that the market simply went back and...
The USD/JPY pair rose during the session on Monday, breaking above the 103 level at one point during the session. However, you can see that we pullback slightly, but we still have a nice solid looking candle...
USDJPY breaks above 101.53 resistance, suggesting that the uptrend from 75.57 (Oct 31, 2011 low) has resumed. Further rise could be expected over the next several weeks, and next target would be at 105.00 area. Support is...
The USD/JPY pair went back and forth during the session on Friday, essentially settling nothing by the end of the day. However, this market is decidedly bullish, and therefore we will not short it. We would love...
The USD/JPY pair fell initially during the session on Thursday, but as you can see rallied enough to form a hammer. This hammer of course suggests that there is more buying to come, and a break of...
The USD/JPY pair rose during the session on Wednesday, breaking the top of two shooting stars from earlier in the week, which of course is a very positive sign. It is because of this that we feel...
The USD/JPY pair tried to rally during the session on Tuesday, but as you can see failed to hang onto the gains. The resulting candle is a shooting star for the second day in a row, which...
The USD/JPY pair broke out to the upside during the session again on Monday, proving just how strong this pair really is. Quite frankly, it does look a bit on the parabolic side though. With that being...
USDJPY is facing 101.53 resistance, a break above this level could signal resumption of the uptrend from 75.57 (Oct 31, 2011 low), then the target would be at 110.00 area. Key support is at 93.79, only break...
The USD/JPY pair initially fell during the session on Friday, but as you can see bounced off the 101 handle in order to form a nice looking hammer. This hammer signifies of the market is going to...
