The USD/JPY pair fell during the session on Monday, showing signs of weakness yet again. However, we look at this market as one that’s essentially consolidating, and because of that we do not fear any type of...
USDJPY continues its sideways movement in a range between 93.79 and 103.73. The price action in the range is likely consolidation of the uptrend from 75.57 (Oct 31, 2011 low). As long as 93.79 key support holds,...
The USD/JPY pair tried to rally during the Friday session, but pulled bank and formed a shooting star. This shooting star signifies to us that we are about to continue to consolidate, and therefore a little bit...
The USD/JPY pair shot straight through the roof during the session on Thursday, going much higher. The 99.50 level did offer a bit of resistance, we think this market has shown that once the go higher, and...
The USD/JPY pair fell hard during the session on Wednesday after the Federal Reserve announced that it was not going to taper off of quantitative easing. That being the case, this of course punish the US dollar...
The USD/JPY pair tried to rally during the session on Tuesday, but as you can see ran into serious trouble once the gap was filled from past sessions. The resulting candle is a shooting star in this...
The USD/JPY pair fell during the session after gapping lower on Monday, but as you can see spent the rest the day trying to go higher. If we can get above the top of the hammer, we...
USD/JPY is currently treading above the 98.80 area, which is right in line with a former resistance turned support zone. Stochastic is moving up from the oversold region, suggesting a potential bounce.
USDJPY stayed in a trading range between 93.79 and 103.73 for several months. As long as 93.79 key support holds, the price action from 103.73 could be treated as consolidation of the uptrend from 75.57 (Oct 31,...
The USD/JPY pair fell during most of the session on Thursday, but as you can see bounced in order to form a hammer that is situated right around the 99.50 level. Because of this, we think that...
