USDJPY Analysis – December 8 USDJPY buyers are fighting to keep the price on its uptrend. The market has enjoyed a tremendous period of bullish activity. However, indications show that the bullish regime might be coming to an end. The market rally started on March 11 when the USD/JPY broke beyond the 116.120 key level. […]
USDJPY Analysis – December 1 USDJPY approaches the daily bullish order block earnestly from the diagonal resistance. Following the fake-out at the diagonal resistance, the price has been depreciating. However, it appears that the bulls have already built their buy orders above the 130.400 demand zone. USDJPY Significant Zones Demand Zones: 130.400, 126.400Supply Zones: 145.100, […]
The USD/JPY pair dropped by 420 or so points between the Asian and US sessions on Thursday, highlighting its vulnerability to US data and the dollar index (DXY). Following last night’s speech by Federal Reserve Chair Jerome Powell, the decline gained momentum, and it persisted during the Asian session as Bank of Japan policymaker Asahi […]
USDJPY Analysis – November 24 USDJPY buyers prepare for entry around the diagonal support. Amidst the USDJPY buyers’ dominance in the market, the USDJPY sellers were successfully able to find a proper entry at a major level in the market. However, the bearish season seems to be coming to an end as the price approaches […]
USDJPY Analysis – November 17 USDJPY buyers finally resume the uptrend after a discount. Up until late October this year, USDJPY buyers had been in absolute control of the market. Though the market’s order flow is still bullish, the USDJPY sellers have been having a nice moment in this current phase. USDJPY Significant Zones Demand […]
USDJPY Analysis – November 10 USDJPY bears finally dominate the market as price heads into the discount zone. The market had been extremely bullish for a very long time, until recently, when the bears decided to take over. USDJPY Significant Zones Demand Zones: 140.30, 130.40Supply Zones: 148.80, 151.90 USDJPY Long-term Trend: Bullish Amidst the bullishness […]
The USD/JPY pair experienced some purchasing near 145.15 and recorded a respectable comeback from the nearly two-week low it reached earlier this Wednesday. Early in the North American session, the intraday increase gained momentum and spurred renewed US Dollar demand, pushing spot prices to a new daily high closer to the mid-146.00s. While the Federal […]
USDJPY Analysis – November 3 USDJPY buyers exit the market at the 100% retracement level. Before this correction phase, the USDJPY buyers had been consistently driving prices to the upside in fractals. Now the USDJPY buyers are waiting for the price to retrace into the bullish order block at the 50% Fibonacci retracement level or […]
USDJPY Analysis – October 20 USDJPY buyers keep rallying the price to the upside. The market appears unsafe for the USDJPY sellers as the buyers relentlessly keep the prices bullish. Since the price hit the support at 131.20, the USD’s rapid rise against the Yen has gone uncorrected. Forecasting the market’s high has been difficult […]
