Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishSince May 3, the USD/JPY upward move has been stalled at level 109.80 high. The bulls have not been able to break above the recent high. Consequently, the Yen has fallen twice to level 108.50. Today, the pair is retracing […]
USD/JPY decreased again in the short term but the bias remains bullish after yesterday’s rejection from a confluence area. It’s traded at 108.98 trying to come back higher and to erase today’s losses. Maybe the US Dollar will take the lead again if the US Unemployment Claims will continue to drop. The economic indicator is […]
Key Support: 109.07 Key Resistance: 109.70 – 110.25 The USDJPY has been in a bullish momentum for the past 3 weeks with the last 2 weeks being stuck in a range. After the double bottom at the previous 2 week´s lows price surge to the 109.70 level but has since then pulled back on a […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishFor the past 48 hours, the Yen has been in an upward movement. The pair rebounded above level 108.50 to reach the recent high. The upward move is facing resistance at level 109.80. The uptrend will resume if price breaks […]
USD/JPY remains strongly bullish after failing to retest the uptrend line. The pair rallied as the US Dollar Index jumped higher after the US inflation data publication. The unexpected growth registered by the CPI and by the Core CPI has changed the sentiment. USD rallied after those better than expected data. DXY’s further growth will […]
Key resistance: 109.00 Key Support: 108.40 – 107.60 The USDJPY has been in a bear market since the beginning of April having gone from 111 to 107.50 in 23 days (-3.12% move). After this move it retraced back to retest the 109.70 level which confluences with the 61.8% pullback of the entire move down. This […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishSince April 26, the USD/JPY pair has resumed an upward move after falling to the low of level 108.00. Firstly, the Yen has broken above the moving averages which indicates a possible rise of the pair. The pair is currently […]
Key Support: 108.85 – 108.75 Key Resistance: 109.65 The USDJPY has been trading inside of a very structured bullish market for the past week and we are looking to capitalize on a dip buy to test the previous key level and the bottom of the structure. In the long term we are still holding our […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BearishThe USD/JPY pair was earlier in an uptrend. The upward move was terminated when the Yen reached the high of level 111.00. The currency price has fallen and broken below the moving averages. This is an indication of a further […]
