Market review for 6 – 10.08.2012
The USD/JPY pair fell during the Friday session to keep within the recent consolidative area as the markets go back and forth. It is a well-known fact that the Bank of Japan has clandestinely intervened in this...
USDJPY stays in a downward price channel on daily chart, and remains in downtrend from 80.61. Another fall could be expected after a minor consolidation, and next target would be at 77.00 area. Key resistance is at...
USD/JPY had a slightly bullish session for Thursday although it did end up giving back quite a bit of the gains by the end of the session in order to form a less than impressive green candle.
Market review for 08.08.12: The pound grew sharply when the Bank of England expressed less concerns of about the British economy outlook.
The USD/JPY pair had a relatively bearish session on Wednesday as it fell to the 78.20 level, but managed to bounce after that in order to form a hammer. This market still looks supported by the 78...
Technical analysis for 8.08
The USD/JPY pair rose during the session on Tuesday, to show real strength off of the 78 handle yet again. It is below the 78 handle that we find the Bank of Japan, and more importantly any...
The USD/JPY is trading in a sideways range and there is a strong possibility it may continue. It is currently falling within this range and there is a strong possibility that if it breaks below the 76.4%...
Market review for 30.07 – 3.08.2012