USD/JPY Forecast May 17, 2013, Technical Analysis
The USD/JPY pair went back and forth during the session on Thursday, and at the end of the day could hardly decide what it wanted to do. We ended up closing just where we started, forming a...
Tag: USDJPY
USD/JPY: Chance to Join the Rally? (May 16, 2013)
USD/JPY seems to have stalled right below the 103.00 major psychological resistance level as the pair retreated upon reaching a high of 102.78. There could be a chance to hop in the overall uptrend as the pair...
USD/JPY Forecast May 16, 2013, Technical Analysis
The USD/JPY pair went back and forth during the session on Wednesday, forming a very neutral candle. Perhaps this is a sign that a pullback is about to happen, but we see significant support just below at...
USD/JPY Forecast May 15, 2013, Technical Analysis
The USD/JPY pair initially fell during the session on Tuesday, but as you can see bounced in order to breakout to the upside in above the 102 handle. As we close up the session, we are well...
USD/JPY Forecast May 14, 2013, Technical Analysis
The USD/JPY pair fell during the session on Monday, but as you can see bounced enough to form a hammer. This hammer suggests that the 101.50 level is offering enough support that the market could continue higher...
USDJPY Analysis – May 11, 2013
After a sideways consolidation, USDJPY broke above 99.94 resistance and reaches as high as 101.98, suggesting that the uptrend from 77.14 has resumed. Further rise is still possible next week, and next target would be at 105.00...
USD/JPY Forecast May 13th, 2013, Technical Analysis
The USD/JPY pair gained during the session on Friday, which of course would’ve been expected after the extraordinarily strong session we saw on Thursday. We are now free oh 100 handle, and this of course means of...
USD/JPY Forecast May 10, 2013, Technical Analysis
The USD/JPY pair had a monumental day during the session on Thursday, finally breaking above the 100 handle. For what seems like ages now, this market has stalled every time he got near the 100 area.
USD/JPY Forecast May 9, 2013, Technical Analysis
The USD/JPY pair had a slightly positive session on Wednesday, but in the end essentially did nothing. We continue to hover around the 99 handle, and as a result there isn’t much to trade in this market...
USD/JPY Forecast May 8, 2013, Technical Analysis
The USD/JPY pair fell during the session on Tuesday, but just barely sell. The 99 handle offered support, and as you can see stopped any significant selloff. In our opinion, this is a “buy only” market place,...