Tag: USDJPY

The USD/JPY pair fell initially during the session on Friday, but as you can see bounced enough in order to form a hammer. Because of this, we feel that this market will more than likely continue to...

On longer-term time frames, it is evident that USD/JPY is still undecided which direction to take as it consolidated inside a symmetrical triangle. The pair has made lower highs and higher lows on the 4-hour chart, and...

The USD/JPY rose during the session on Thursday, breaking above the 98 handle. However, we have not broken clearly above the 99 level that we want to see in order to go long, so we are still...

The USD/JPY pair rose during the session on Wednesday, bouncing off of the 97 handle. We did not completely and golf the previous days bearish candle, but having said that we did take enough away make this...

The USD/JPY pair fell hard during the session on Tuesday, slamming through the radiator handle, and parking right at the 97 handle. However, we think that there is a significant amount of support below, so with that...

The USD/JPY a pair tried to fall during the session on Monday, but as you can see bounced slightly to close around the 98.50 level. This area of course has been supportive in the past, and therefore...

The USD/JPY pair went back and forth during the session on Friday, but essentially ended up nowhere by the end of the day. There is a cluster of resistance above from the early part of July, and...

The USD/JPY pair did exactly what we asked to do as far as giving is a buy signal, and that was closing well above the 98.50 handle. That being the case, we are bullish of this pair...