USDJPY Price Analysis – January 27 USDJPY rallies towards a key resistance zone as the 112.700 demand level defend further USDJPY retracement. The market broke out of consolidation in October of the previous year. The buying pressure shot the price to 111.950. The market retraced to 110.800. After two days of retracement, the market skyrocketed […]
USDJPY Analysis: Expansion Leads to Bulls’ Break Out and Retest USDJPY bulls’ breakout and retest after expansion led to a bullish run in September. The market was held in a consolidation that lasted for several months. The month of September ended with an impulsive move. There was a sudden expansion from the 109.019 demand zone. […]
USDJPY Annual Forecast – Price Breaks Out From Bullish Flag Formation in 2021 The annual forecast for USDJPY is a break out past the 116.260 resistance zone. This is the next big ambition in the market after the price conforms to a bullish flag formation and breaks out. The downward consolidation helped the buyers switch […]
USDJPY Price Analysis – January 6 USDJPY is retracing to find support in the market. The overall market trend has been bullish. The market was ranging from August to September. The bulls and bears struggled between the resistance zone at 110.500 and the support zone at 109.000. The uptrend was initiated after a cross of […]
USDJPY Price Analysis – December 30 USDJPY pulls back to the supply zone after a massive displacement on the 26th of November. The market was in long-term consolidation from early June till late September. During the period, the market ranged between the 110.750 supply zone and the 109.250 demand zone. A prominent breakout was seen […]
USDJPY Price Analysis – December 25 USDJPY avoids a drop below the monthly price level of 112.780 and is instead positioning itself for more upside movement. There was a failed higher price climb on the 26th of November after USDJPY worked its way upward to break the resistance at 114.500. A sudden slump sent the […]
The USD/JPY resumed on an upbeat momentum in the London session on Wednesday, recording a fresh monthly high at 114.33. That said, the forex pair’s bullish momentum for the second consecutive day comes as a result of several factors working together. Firstly, the general risk tone in the market along with the Bank of Japan’s […]
USDJPY Price Analysis – December 16 USDJPY remains intent on keeping a high price level above 112.780. This can be seen as the market has fended off the latest price drop at the same price level. This is despite the volatility at which the price dropped. The falling momentum was tempered at the 112.780 support, […]
USDJPY Price Analysis – December 9 USDJPY bulls’ and bears’ tussle intensifies as the ranging zones expand. Bulls, having grown weary of being confined to the 114.420 resistance, pushed through with much struggle and forced their way to 115.450. Buyers then weakened, allowing bears to retaliate by driving the price down beyond 113.400 to 112.780. […]
