The USD/JPY pair fell slightly during the session on Monday, but bounced enough to form a neutral candle. The candle shows almost no range, so because of this we still look at the 101 handle as the...
After that strong rally that lasted for nearly a couple of months and more than a thousand pips, USD/JPY seems to be in the mood for a major correction.
USDJPY remains in uptrend from 77.14 (Sep 13, 2012 low), the fall from 103.73 is treated as consolidation of the uptrend. Deeper decline could be expected, and the target would be at 98.00 – 99.00 area.
The USD/JPY pair fell during the session on Friday, retracing a lot of the gains that it had recovered the previous day. That being said, this market still has a massive support area underneath it at the...
The USD/JPY pair fell rather precipitously during the session on Thursday, predicated upon poor economic numbers coming out of China. However, you can see that quite a bit of the losses were gained back, and as a...
The USD/JPY pair had a positive showing during the session on Wednesday, as we managed to break above the most recent highs, but did get back about half of the gains. Nonetheless, this doesn’t really change our...
The USD/JPY pair managed to make a small amount of gains during the session on Tuesday, and by giving back some of it, the pair formed a bit of a shooting star. However, we still see plenty...
The USD/JPY pair had a negative session on Monday, falling down to the 102 handle. However, that area did hold and we suspect that there is a significant amount of support in the general vicinity.
USDJPY continues its upward movement from 77.14 (Sep 13, 2012 low), and the rise extends to as high as 103.30. Further rise is still possible next week, and next target would be at 106.00 area.
The USD/JPY pair had a solid showing on Friday, closing the very top of the range. We clear the 103 level finally, and now it appears that the market is ready to continue much higher.
