USDJPY Forecast August 8, 2014, Technical Analysis
The USDJPY pair initially tried to rally during the session on Thursday, but as you can see fell back down as we continue to bang around the 102 level.
FXY
USDJPY Bullish Pennant (August 1, 2014)
USDJPY has recently made a strong upside breakout from the descending triangle on a longer-term time frame. From there, price has made a strong rally past 102.00 then formed a bullish flag pattern, indicating that there could be buying pressure left.
USDJPY Forecast July 23, 2014, Technical Analysis
The USDJPY pair tried to rally during the course of the day during Tuesday, but as you can see we pullback in order to form a shooting star.
USDJPY – find better trades in the Yen cross pairs
The USDJPY continues to deliver a masterclass in patience for longer term traders, with the long term consolidation phase continuing once again last week, as the pair closed with a narrow spread down candle on the weekly chart, ending the futures trading session at 101.30.
USDJPY Forecast July 8, 2014, Technical Analysis
The USDJPY pair fell during the session on Monday, but as you can see really remains mired in a significant amount of consolidation.
USDJPY Symmetrical Triangle Breakout – June 26, 2014
USDJPY has been consolidating inside a symmetrical triangle for almost an entire month, as traders are torn in picking a clear direction for this pair.
USDJPY Forecast June 13, 2014, Technical Analysis
The USDJPY why pair fell during the course of the session on Thursday, after initially trying to rally.
Trading the NFP Release with USDJPY (June 6, 2014)
USDJPY is currently in a new uptrend but this has yet to be established, as the pair is making an attempt to test the rising trend line on the 4-hour time frame.
USDJPY Forecast June 4, 2014, Technical Analysis
The USDJPY pair initially fell during the session on Monday, but as you can see ended up bouncing enough to form a hammer by the end of the day. This hammer of course suggests that the markets going to go higher, and as a result we believe that the move higher should continue to the 103 level at the very least, as it is the next major resistance area.
USDJPY Forecast June 3, 2014, Technical Analysis
The USDJPY pair broke out to the upside during the session on Monday, essentially cracking the top of a couple of hammers from last week. We are testing the 102.50 level at the moment, and thereby we think we are getting ready to head to the 103 handle.