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 has resumed a downward move after rejection at level 111.00. For the past two weeks, the pair has been failing on the downside. The Yen is likely to find support above level 108.00. If it does, the […]
USD/JPY plunged in the short term after reaching the 110.96 level. It has dropped as the USDX and JP225 have decreased as well. Still, the current correction could be only a temporary one. The US Dollar Index is into a corrective phase which could end tonight after the FOMC Meeting Minutes. A new leg higher […]
USD/JPY decreased a little after reaching the 110.83 level. Now it moves sideways within a potential continuation pattern. The pair decreased a little as the USDX and JP225 slipped lower. Still, further growth registered by these two indexes may bring a new momentum. Better than expected US data reported later today could boost the pair. […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishThe USD/JPY has continued its upward move. Presently, the Yen has risen to level 110.96. The uptrend is reaching bullish exhaustion. On March 10, a retraced candle tested the 78.6% Fibonacci retracement level. The retracement implies that the Yen will […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishThe USD/JPY has continued its upward move. Presently, the Yen is facing resistance at level 109.20. Since March 8, the pair has been fluctuating below the resistance. The uptrend will resume if the resistance is breached. On March 9 uptrend; […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishThe USD/JPY has continued its upward move. The pair is rising to retest or break level 109.00. The uptrend will resume if level 109.50 is breached. On March 9 uptrend; a retraced candle body tested the 78.6% Fibonacci retracement level. […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishThe USD/JPY has continued its upward move. On March 8, the pair retested level 109.00 and was resisted. The price fell and resumed upward. On March 9 uptrend; a retraced candle body tested the 88.6% Fibonacci retracement level. The retracement […]
Key Resistance Levels: 111.000, 112.000, 113.000Key Support Levels: 104.000, 103.000, 102.000 USD/JPY Price Long-term Trend: BullishThe USD/JPY has continued its upward move. On February 17 uptrend; a retraced candle body tested the 38.2% Fibonacci retracement level. The retracement indicates that the Yen will rise to level 2.618 Fibonacci extensions or level 108.18 . Daily Chart […]
USDJPY Price Analysis – February 24 USDJPY pair is trading at daily highs past the 106.00 level while extending its upside bias further. After Fed Chair Jerome Powell on Tuesday reiterated a very dovish policy stance on the economy, the USD downside risk has more or less dissipated and the current movement is viewed as […]
