USDJPY Price Analysis – August 26 USDJPY is set to continue its downtrend movement following the change in market shift. The downtrend movement began when the bull began to lose power. The market then began to descend, making new lower lows. Price established a new lower low at the 109.140 support level, breaking previous lows. […]
USDJPY Price Analysis – August 19 USDJPY has formed an inverted head and shoulder reversal pattern to shoot price up. The market has generally been in an uptrend and is sliding along an ascending channel. Bears have, however, stepped in to exploit points of weakness to drive the market down a falling wedge formation. The […]
USDJPY Price Analysis – August 12 USDJPY weekly support halted the price drop and tugged it upward in support of the ongoing bullish campaign. The market has been in an uptrend along a parallel channel since the beginning of the year. Some points of weakness have allowed space for bears to step in to disrupt […]
USDJPY Price Analysis – August 5 USDJPY begins its downtrend adventure after failing to get the best of the 111.650 key level. The market ended its uptrend adventure abruptly after posting a tweezer top candle formation below 111.650. This point was its 8th consecutive higher high position since beginning its uptrend adventure on the 26th […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishUSD/JPY has continued to fall on the downside. The Yen has fallen to the low of level 109.46 and further downward move is expected. Meanwhile, on July 8 downtrend; a retraced candle body tested the 50% Fibonacci retracement level. The […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishUSD/JPY has continued its downward move. The Yen price is making a series of lower highs and lower lows. The downtrend is likely to extend to level 107.36. Meanwhile, on July 8 downtrend; a retraced candle body tested the 50% […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishUSD/JPY is in an upward move. On July 2, the upward move has been terminated at level 111.00. The Yen fell to level 109.60 and resumed upward. In the first rejection in March, the currency pair plunged to level 107.50. […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishUSD/JPY is in an upward move. Since March 29, the Yen has been struggling to break above level 111.00. On March 29, the bulls tested level 111.00 but were repelled as the pair fell to level 109.60. The pair has […]
Key Support: 110.40 Key Resistance: 111.10 – 111.60 The USDJPY is in a very structured bullish move from the lows in April 23rd (+3.90%). After hitting the high around the 111.70 level last week price has dropped 1.13% to retest the previous base around the 110.40 level. The USD is rallying hard at the moment […]
