The USD/JPY pair fell during the session on Tuesday, showing that the bottom of the previous wedge is in fact offering resistance. However, we did bounce a little bit towards the end of the session so were...
The USD/JPY pair initially fell during the session on Monday, slamming into the bottom of the massive wedge that we have been following. The real question is whether or not the markets will be able to contain...
USDJPY failed to break below 95.81 support, suggesting that lengthier sideways movement is underway. Key support is at 93.79, as long as this level holds, the price action from 103.73 is treated as consolidation of the uptrend...
The USD/JPY pair rose again for the session on Friday, stopping at the 98.53 level. This is the very bottom of the pennant that we had been trading in, so it’s interesting to see whether or not...
USD/JPY has recently broken below the long-term rising trend line on the 4-hour time frame, signaling that the uptrend may be over. Before heading any lower though, USD/JPY could still retrace to the broken support zone.
The USD/JPY pair tried to rally during the session on Tuesday, but gave back quite a bit of the gains to close just underneath the 97 handle. This of course shows that the market will struggle to...
The USD/JPY pair fell again during the session on Monday, breaking the back of the Friday hammer in order to close below the 97 level. This does suggest that we are going to go lower, but we...
USDJPY continues its sideways movement in a range between 93.79 and 103.73. As long as 93.79 key support holds, the price action in the range could be treated as consolidation of the uptrend from 75.57 (Oct 31,...
The USD/JPY pair fell initially on Friday, but as you can see reversed that move and formed a hammer. This hammer of course suggests that the market is going to go higher, but we also recognize the...
The USD/JPY pair went back and forth during the session on Thursday, showing significant indecisiveness at the 97 level. This area for us is fairly supportive, but we cannot help but recognize that we have broken down...
