Market Analysis – February 28 The USDJPY pair experienced a significant reversal on February 28, as bulls failed to break through the critical resistance level at 158.1130. This led to a sharp decline in price, resulting in a break of the bullish trendline. The price has now reached a crucial support level at 149.500. USDJPY […]
Market Analysis – January 31 USDJPY has exhibited a dynamic interplay between bullish and bearish trends, oscillating between the 162.370 supply level and the 142.050 demand level over a significant period. This article provides a detailed analysis of the price movements, highlighting key trends, retracements, and momentum shifts while offering insights into the long-term and […]
Market Analysis – January 24 In early 2024, the USDJPY pair demonstrated strong bullish momentum, with the 140.700 level acting as a key support zone. This support propelled the pair into a sustained uptrend, marked by the formation of higher highs. By July 2024, the bullish trend culminated in a significant peak at 161.980, establishing […]
US Dollar regained its footing today, as traders digested the latest developments around Donald Trump and upcoming economic data. The US Dollar Index (DXY) edged higher, but the 108.00 level remains a significant hurdle for further gains. US Dollar Faces Mixed Signals EUR/USD saw its bullish momentum slow near multi-week highs above 1.0400. Meanwhile, GBP/USD […]
Market Analysis – January 17 The USDJPY currency pair has undergone a notable bullish trend shift after establishing a significant low at the 141.650 demand level. This development follows a prolonged bearish trend that originated at the 161.750 resistance level in early July 2024. USDJPY Key Levels Demand Levels: 148.670, 141.650 Supply Levels: 156.440, 161.750 […]
Market Analysis – January 13 USDJPY has successfully transitioned the major resistance level of 156.050 into strong support, solidifying its bullish momentum. Following this breakout, the pair continues its upward trajectory, buoyed by this critical level. USDJPY Key Levels Demand Levels: 150.000, 146.500, 140.300 Supply Levels: 156.050, 160.260, 163.350 USDJPY Long-term Trend: Bullish USDJPY encountered […]
Market Analysis – January 2 USDJPY has demonstrated a robust bullish trend over the past year, marked by two distinct phases of upward momentum. The first phase dominated the first six months of 2024. After a two-month corrective downtrend, the pair resumed its bullish trajectory. The second phase featured a deep retracement that offered buyers […]
Market Analysis – December 25 USDJPY has regained its bullish momentum after overcoming the key resistance at 156.050, a level that previously halted its upward trend in November. Following a deep retracement, the bulls have reorganized, pushing the price above this critical threshold. USDJPY Key Levels Demand Levels: 150.000, 146.490, 140.250 Supply Levels: 156.050, 160.260, […]
Market Analysis – December 18 USDJPY signals strong bullish momentum ahead. The market demonstrates bullish momentum, supported by technical indicators. The 9-period Simple Moving Average (SMA) acts as dynamic support, with the current price trading above it, indicating an uptrend. The Relative Strength Index (RSI) at 66.68 suggests strong buying pressure. USDJPY Key Levels Demand […]
