USDJPY Forecast May 29, 2014, Technical Analysis
The USDJPY pair initially fell during the session on Wednesday, but as we have seen for the past couple of days, buyer stepped in and push the market back up.
FXY
USDJPY Forecast May 22, 2014, Technical Analysis
The USDJPY pair initially fell hard during the session on Wednesday, dipping below the significant 101 level. That level has been rather supportive over the last several weeks and as a result we were a bit surprised to see that level broken through.
USDJPY Daily Analysis – May 20, 2014
USDJPY’s downward movement from 102.36 extended to as low as 101.10.
USDJPY Daily Analysis – May 12, 2014
USDJPY broke above 102.00 resistance, indicating that the downward movement from 103.02 had completed at 101.43 already.
USDJPY Forecast May 9, 2014, Technical Analysis
The USDJPY pair fell during the bulk of the session on Thursday, testing the 101.50 support level.
USDJPY Forecast May 8, 2014, Technical Analysis
The USDJPY pair initially fell during the session on Wednesday, but found support at the 101.50 level yet again. On top of that supportive area, we also had an uptrend line that was tested during the session, and as a result the buyer stepped in and push the market back up.
USDJPY Daily Analysis – May 5, 2014
USDJPY breaks below 101.96 support, indicating that the upward movement from 101.32 had completed at 103.02 already.
USDJPY Daily Analysis – April 29, 2014
USDJPY is facing 102.72 resistance, a break above this level will indicate that the uptrend from 101.32 has resumed,
USDJPY Daily Analysis – April 28, 2014
USDJPY is now in downtrend from 102.72, and the fall extended to as low as 101.96.
USDJPY Forecast April 25, 2014, Technical Analysis
The USDJPY pair fell during the bulk of the session on Thursday, but found enough support right around the 102 level to turn things back around and form a hammer.