USDJPY Forecast December 2, 2014, Technical Analysis
The USDJPY pair fell during the session on Monday, but as you can see found enough support near the 180 level to turn things back around and form a little bit of a hammer.
The USDJPY pair fell during the session on Monday, but as you can see found enough support near the 180 level to turn things back around and form a little bit of a hammer.
USDJPY showed more momentum as it broke above the descending triangle resistance in today’s Asian trading session.
For the USD/JPY, 2014 could best be described in football terms as a game of two halves, when viewed from almost every perspective, and perhaps the most descriptive timeframe to consider is the weekly chart for the pair. And in considering the chart, it also highlights the broader issue from a trading perspective of the need to have an array of trading strategies to take advantage of the prevailing market
USDJPY’s upward movement from 101.06 extended to as high as 118.97.
USDJPY’s upward movement from 105.32 extended to as high as 117.05.
As another trading week and month gets underway, it’s time to take a look at several of the major currency pairs in the futures market ahead of what is likely to be an interesting time.
USDJPY stays above the upward trend line on 4-hour chart, and remains in uptrend from 105.32.
USDJPY is facing 108.24 support, a breakdown below this level will signal completion of the uptrend from 101.50, then deeper decline to 107.00 area could be seen.
USDJPY stays above the upward trend line on 4-hour chart, and remains in uptrend from 101.50, as long as the trend line support holds, the fall from 105.70 could be treated as consolidation of the uptrend.
The USDJPY pair fell during the course of the day after initially gapping higher on Monday.