Key Resistance: 11.65 Key Support: 111.10 Earlier this week Japanese Yen futures (6J) crashed (-1.11%) whilst the USD kept rallying from the FOMC day bump. This was the perfect bullish pressure for the USDJPY bidding up prices to a massive level. The 11.70 level was March 23rd 2020 highs. After price reached this highs the […]
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. Buyers have sustained recent rallies as the market reaches the overbought region. On June 23 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement. The retracement indicates that the Yen will rise to […]
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. The currency price is making a series of higher highs and higher lows. On June 17 uptrend; a retraced candle body tested the 61.8% Fibonacci retracement. The retracement indicates that the Yen will rise […]
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 April 26, the Yen price has been making a series of higher highs and higher lows. Today, the Yen is retracing after reaching a higher high of level 111.00. Incidentally, the bulls have […]
Key Support: 110.53 – 110.30 Key Resistance: 110.88 – 111.72 After the FOMC meeting yesterday and the Fed hinting 2 rate hikes by 2023 the USD jumped carrying with it the USDPY that broke with last week’s highs and the mid term ascending structure creating a new short term bullish structure. Price is trapped right […]
Key Support109.60 Key Resistance: 110.31 The UJ has been trading inside of a range for the past week but on the higher time frames we are seeing some very bullish momentum. This is why we are looking for buys in this market. On the other side Japanese Yen futures continue to tumble and yesterday today […]
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 March 31st, the uptrend reached the high of level 111.00 and was repelled. The pair fell to level 108.00 and resumed an upward move. The Yen price is making a series of higher […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishToday, the Yen has broken the previous price level to reach the high of $110.78. On May 3 uptrend, a retraced candle body tested the 50% Fibonacci retracement level. The retracement indicates that the pair will rise to level 2.0 […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishToday, the Yen has rebounded above level 108.80 to retest the resistance at level 109.80. The pair will resume an uptrend once the resistance at level 109.80 is breached. On May 3 uptrend; a retraced candle body tested the 50% […]
