The US dollar has gone back and forth during the trading session on Thursday, as the stock market seem to be struggling for some type of clarity. Because of this, I’m not expecting much out of the...
USDJPY has formed lower highs and found support at the 105.60 level, creating a descending triangle pattern on its 1-hour time frame. Price just bounced off resistance and could be due for a test of support soon....
USDJPY’s downside movement from 107.29 extended to as low as 105.78. Further decline towards 105.24 support would likely be seen in the coming days. A breakdown below this level could take price to 104.00 area. Near term...
The US dollar initially fell against the Japanese yen during trading on Wednesday, reaching down towards the 106.25 level, an area that has been supportive over the last several days. This area was previous resistance, so that...
USDJPY broke below the bottom support trend line of the price channel on the 4-hour chart, indicating that the short term uptrend from 105.24 had completed at 107.29 already. Further decline to test 105.24 support would likely...
The US dollar has rallied significantly against the Japanese yen during the trading session on Tuesday, reaching as high as 107.25 before I recorded this. We are pulling back slightly, but I think that there are buyers...
USDJPY stays in a rising price channel on its 4-hour chart and remains in the short term uptrend from 105.24. As long as the price is in the channel, the upside move could be expected to continue...
The US dollar has chopped around against the Japanese yen during trading on Monday, hanging about the 106.50 level. The market continues to be very noisy, and I believe that will remain the case for the next...
USDJPY remains in the uptrend from 105.24, the fall from 107.05 is likely consolidation for the uptrend. Support is at the bottom trend line of the price channel on the 4-hour chart. As long as the channel...
USDJPY extended its upside movement from 105.24 to as high as 107.05. Further rise towards 107.90 resistance is possible in the coming days. Support level is at 106.00, only break below this level could bring price back...
