USDJPY Analysis – July 22, 2012
USDJPY’s downward movement from 80.61 extends to as low as 78.43. Further decline would likely be seen over the next several days, and next target would be at 76.00 area. Resistance is now at 79.50, only break...
Tag: USDJPY
USD/JPY forecast July 23, 2012, Technical Analysis
The USD/JPY pair fell during the session on Friday as the markets sold off risk in general. The pair looks very weak, but we have to keep in mind that the Bank of Japan is sitting below,...
Forex-Metal Daily Analysis -19/07/2012
Market review for 18.07.12: The Bank of England decided to keep its interest rate at a low record level of 0.5 %. Asian and European trading sessions:
USD/JPY Forecast July 19, 2012, Technical Analysis
The USD/JPY pair fell during the session on Wednesday to retest the 78.75 support level that it visited the previous two sessions. The market looks relatively weak, but the fact is the Bank of Japan is underneath...
Forex-Metal Daily Analysis -18/07/2012
Technical analysis for 18.07
USD/JPY Forecast July 18, 2012, Technical Analysis
The USD/JPY pair had a bullish session on Tuesday as the Federal Reserve Chairman’s testimony in front of the United States Congress gave no hints of imminent quantitative easing.
USD/JPY: downside possible
The yen has been correcting back and it has now reached a 61.8% Fibonacci of the previous move. My preference is for more downside given the incomplete wave sequence down from the March highs. A break below...
Forex-Metal Daily Analysis -17/07/2012
The dollar fell sharply on disappointing results of the U.S. Advance Retail
USD/JPY Forecast July 17, 2012, Technical Analysis
The USD/JPY currency pair had a bearish session on Monday as the “risk off” trade came into play. This would have been set off by the poor retail sales number coming out United States, and as such...
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