USD/JPY Forecast January 6th, 2012, Technical Analysis
USD/JPY rose during the Thursday session as the worries over Europe brought out a bid for the Dollar on the whole. The market was oversold, so the bounce was somewhat expected.
Tag: USDJPY
6th January, 2012 – Daily Forex Report by GFM Research
With the benchmark equity index trading soft the, US Dollar continued appreciating across the board; the Common Currency has lost most against the Greenback as compared to other currencies followed by the Cable. The medium trend is...
5th January, 2012 – Daily Forex Report by GFM Research
Most of the asset classes especially the benchmark equity index of the Dow Jones Industrials, resulting in appreciation of the US Dollar across the board; the Common Currency has lost most against the Greenback as compared to...
USD/JPY Forecast January 5th, 2012, Technical Analysis
The USD/JPY pair sat fairly still during the Wednesday session as the pair finally reached the “meat” of the support. The pair is decidedly bearish, but the Bank of Japan remains below and willing to intervene if...
USD/JPY Forecast January 4th, 2012, Technical Analysis
USD/JPY continued to dive on Tuesday as the Dollar was sold off in general. The pair is in a massive bear market, so this coincides with the overall trend as well. The breakdown has been brutal, and...
4th January, 2012 – Daily Forex Report by GFM Research
The Dollar Index succumbed to profit taking after hitting historic resistance zone of 81.00 ranges and is currently trading at 79.90 ranges. The medium trend is bullish till 77.50 ranges are holding on weekly closing basis, though...
USD/JPY Forecast January 3, 2012, Technical Analysis
USD/JPY was fairly quiet on Monday as traders started to come back from the holidays. The pair fell, but only slightly so. The 77 handle has been broken to the downside, and the support is just now...
3rd January, 2012 – Daily Forex Report by GFM Research
The Dollar Index again found resistance in the ranges of 81.00. Major trend is range bound between 73.40 and 81.40; the medium trend is bullish till 77.50 ranges are holding on weekly closing basis, though 81.40 ranges...
USDJPY Analysis – December 31, 2011
USDJPY continued its sideways movement in a range between 75.57 and 79.52. The pair has formed a cycle top at 78.21 on daily chart. Further fall to test 75.57 previous low support is expected next week.
USD/JPY Forecast December 30, 2011, Technical Analysis
USD/JPY fell during the Thursday session as the Dollar lost ground against many of the major currencies around the world. The pair has been forming a massive triangle over the last several weeks, and the bottom support...