USDJPY Daily Analysis – March 26, 2018
USDJPY extended its downside movement from 107.29 to as low as 104.63. Further decline could be expected in a couple of days and next target would be at 102.00 area. Resistance is at 105.60, as long as...
Tag: USDJPY
USDJPY Weekly Analysis – March 25, 2018
USDJPY extended its downside movement from 113.75 to as low as 104.63. Further decline is still possible next week and next target would be at 102.00 area. The key resistance is at 107.90, only a breakout of...
USD/JPY Price Forecast March 23, 2018, Technical Analysis
The US dollar fell significantly against the Japanese yen during trading on Thursday, reaching down below the 105.50 level that I have been talking about recently. I believe that this is a support “zone” that extends down...
Elliott Wave Analysis: USDJPY Resumes Lower to 104
USDJPY Elliott Wave view suggests that the decline from 11.6.2017 high is unfolding as a 5 waves impulse Elliott Wave structure. Down from 11.6.2017 high (114.73), Intermediate wave (1) ended at 110.84, Intermediate wave (2) ended at...
USDJPY Triangle Support (Mar 22, 2018)
USDJPY is still inside its triangle consolidation pattern and is testing support at the 105.60 level. A bounce from this area could lead to another test of resistance at 106.30 or a break higher. However, the 100...
USD/JPY Price Forecast March 21, 2018, Technical Analysis
The US dollar has rallied a bit during the trading session on Wednesday, reaching towards the 106.50 level. This is an area that has been noisy more than once, and it looks as if we are trying...
USDJPY Daily Analysis – March 21, 2018
USDJPY broke above 106.41 resistance, suggesting that the downside movement from 107.29 had completed at 105.60 already. Further rise could be seen and next target would be at 107.29 resistance. Above this level could take price to...
USDJPY Daily Analysis – March 20, 2018
USDJPY moved sideways in a narrow range between 105.60 and 106.41. As long as 106.41 resistance holds, the sideways movement could be treated as consolidation for the short term downtrend from 107.29, and another fall to test...
USDJPY Daily Analysis – March 19, 2018
USDJPY remains in the short term downtrend from 107.29. As long as 106.45 resistance holds, the downtrend could be expected to continue and further decline to test 105.24 support is possible. On the upside, a breakout of...
USDJPY Weekly Analysis – March 18, 2018
USDJPY moved sideways in a trading range between 105.24 and 107.90. As long as 107.90 resistance holds, the sideways movement could be treated as consolidation for the downtrend from 113.75 and a breakdown below 105.24 support could...