USD/JPY Forecast July 29, Technical Analysis
The USD/JPY pair fell during the session on Friday, slamming into the 98 handle. At the 98 level we see quite a bit of support though, so it doesn’t surprise us that we could not get through...
Tag: USDJPY
USD/JPY Forecast July 26, 2013, Technical Analysis
The USD/JPY pair fell hard during the session on Thursday, slamming into the 99 handle. However, we got a little bit of a bounce towards the end of the day, and this of course would be expected.
USD/JPY Forecast July 25, 2013, Technical Analysis
The USD/JPY pair rose during the session Wednesday, breaking well above the 100 handle. On top of that, we broke the top of the shooting star from the previous session, so it looks like this market is...
USD/JPY Forecast July 24, 2013, Technical Analysis
The USD/JPY pair tried to break through the 100 handle during the session on Tuesday, but as you can see struggle and fell flat. Resulting shooting star suggests that the market is going to go lower, something...
USD/JPY Forecast July 23, 2013, Technical Analysis
The USD/JPY pair fell during the session on Monday, clearly slicing through the 100 handle. However, this market does have plenty of support all the way down to the 98.50 handle, and as a result we are...
USDJPY Analysis – July 20, 2013
USDJPY is forming 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). The sideways movement could be expected to...
USD/JPY Forecast July 22, 2013, Technical Analysis
The USD/JPY pair went back and forth during the session on Friday, but bounced off of the 100 area in order to form a hammer. We have been very bullish of this market for the longest time...
USD/JPY Forecast July 18, 2013, Technical Analysis
The USD/JPY pair rose during the session on Wednesday, but failed to break above the 100 level yet again. This area has offered quite a bit of resistance lately, although we think that it will more than...
USD/JPY Forecast July 17, 2013, Technical Analysis
The USD/JPY pair fell hard during the session on Tuesday, reaffirming the resistance at the 100 handle. However, this market is still a “buy only” market, simply because of the Bank of Japan and its anti-yen policies.
USD/JPY Forecast July 16, 2013, Technical Analysis
The USD/JPY pair rose during the session on Monday, but as you can see the 100 level has offered far too much resistance for the market to overcome. However, we are not about to start selling this...