USDJPY broke above the bearish trend line on the daily chart. Further rally to test 107.90 key resistance could be expected next week. A breakout of this level would indicate that the downside movement from 113.75 had...
The US dollar has gone back and forth during the course of the session on Thursday, as we continue to see a lot of noise in this market. I believe that the market is of course going...
USDJPY broke above the top trend line of the price channel on the 4-hour chart, suggesting that the short term downtrend from 107.90 had completed at 105.24 already. Further rally could be expected in a couple of...
Short Term USDJPY Elliott Wave view suggests that the rally to 107.9 ended Minor wave X. Pair is expected to resume lower while bounces stay below this level. Down from Minor wave X at 107.91, Minor wave Y is...
USDJPY stays in a falling price channel on its 4-hour chart and remains in the short term downtrend from 107.90. As long as the channel resistance holds, the downside movement could be expected to continue and next...
USDJPY broke above 106.00 resistance, suggesting that lengthier consolidation for the downtrend from 113.75 (Dec 12, 2017 low) is needed. Further rally is still possible and next target would be at 107.50 area. The key resistance is...
USDJPY broke below 105.54 support, suggesting that the downtrend from 113.75 (Dec 12, 2017 low) has resumed. Further decline could be expected and next target would be at 103.00 area. Near term resistance is at 106.00, as...
USDJPY extended its downside movement from 113.75 to as low as 105.24. As long as the price is below the falling trend line on the daily chart, further decline would likely be seen and next target would...
USDJPY moved sideways in a trading range between 105.54 and 107.90. As long as 107.90 resistance holds, the price action in the range could be treated as consolidation for the downtrend from 113.75 (Dec 12, 2017 low),...
The US dollar has fallen against the Japanese yen during trading on Wednesday, reaching down towards the 106.50 level, an area that has been supportive a couple of times. Ultimately, I think that the market will find...
