The USD/JPY went back and forth during the session on Monday, but remained underneath the 100 level. This candle doesn’t necessarily say much rather than the market wanting to breakout, but simply cannot do so quite yet.
USDJPY’s rise from 93.79 extends to as high as 99.44. Further rise is still possible next week, and next target would be at 101.00 – 102.00 area. Now the price action from 103.73 is likely consolidation of...
USD/JPY rose for the session again on Friday, breaking above the recent resistance in order to clear the path to the 100 handle. With that being the case, we are looking for short-term pullbacks as by signals,...
The USD/JPY pair rose during the session on Thursday, breaking the top of the two previous hammers on the daily chart. For us, this is a bullish sign and we believe that the market is about to...
The USD/JPY pair fell during the session on Wednesday, but as you can see by the end of the session bounced enough to form a hammer. This is the second hammer in a row, and that almost...
The USD/JPY pair fell during most of the session on Tuesday, but as you can see got a bit later in the day in order to form a hammer. This hammer suggests to us that the market...
The USD/JPY pair fell during the session on Monday, dipping below the 98 handle. The shape of the candle is a bit like a hammer, and as a result it appears that people were willing to step...
USDJPY remains in downtrend from 103.73, the rise from 93.79 is likely correction of the downtrend. Range trading between 93.79 and 100.00 would likely be seen in a couple of weeks.
The USD/JPY pair had a positive showing on Friday, breaking above the 97.50 handle. However, we did not break the top of the shooting star from the Thursday session, so although it looks bullish at this point...
The USD/JPY pair shot up during the session on Thursday, as the US dollar pummeled just about everything else. However, the 97.50 handle offered enough resistance to push the market back down.
