USD versus JPY experienced selling forces from 115.0 during the early Asian session. It looks like the pair kept falling yesterday. The pair was buffeted by downward forces yesterday, as traders gave support to JPY (Japanese yen) instead of USD (American Dollar) following the growing tension between Ukraine and Russia. The Headlines and Their Effects […]
USDJPY Price Analysis – February 17 USDJPY fails to bridge the previous high at 116.090. For a few months last year, the market created a range between the 110.590 resistance level and the 109.090 support level. The high point of the range was bridged on the 24th of September. The market then experienced six consecutive […]
Price Analysis: USDJPY Bulls Are Ready to Push Prices Above the 115.720 Key Levels USDJPY bulls are ready to push price levels higher than the 115.720 key level. The price impact momentum is ready to cause a break above the key level. The price has undergone a series of consolidations between the significant. The levels […]
Market Analysis: The Bulls’ Run On USDJPY Was Halted by the Resistance Zone A resistance zone halts the bulls’ run on the USDJPY market. The market bridged the resistance zone at 110.650 on September 24, 2021. The breakaway led to an increase in the market to 115.550. Before the zone was reached, there was a […]
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 […]
