The USD/JPY pair had a string session on Friday as it both fell, and then bounced to new highs for the week. The Indian candle was relatively neutral, but did have a green body. The most important...
USDJPY is facing the support of 77.66, a breakdown below this level will indicate that the downtrend from 84.17 has resumed, then deeper decline towards 76.00 could be seen. On the other side, as long as 77.66...
The USD/JPY pair rallied a bit during the Thursday session to bounce off of the 78 handle once again. This area looks to be very supportive, and as such we are more than willing to go long...
Market review for 25.07.12: The Euro increased despite negative news from Germany.
The USD/JPY pair ended the day unchanged on Wednesday as the pair bumped along the 78 support zone. The 78 handle those represent significant support in this pair, so selling here certainly is not an option.
The USD/JPY pair has broken out of a descending channel and is expected to fall to targets in the region of 77.65 (the June lows) and then 77.30. However, instead it is pulling back and threatening to...
The USD/JPY pair fell during the session on Tuesday as more European worries had participants running towards safety. The pair is approaching the 78 handle, and as such we expect supportive action in the immediate vicinity.
The USD/JPY pair bounced off of the 78 handle during the session on Monday in order to form a good looking hammer for the session. This suggests to us that the 78 level will continue to offer...
Market review for 9 – 13.07.2012
The USD/JPY pair has broken out of the channel it has been trading inside and sold-off down to the monthly pivot at 78.05. It has broken just below the pivot and it may continue even lower. The...
