USDJPY Daily Analysis – March 30, 2015
USDJPY’s downward movement from 1.2202 extended to as low as 118.33.
USDJPY’s downward movement from 1.2202 extended to as low as 118.33.
USDJPY remains in uptrend from 101.06 (Jul 10, 2014 low), the sideways movement
The USDJPY pair took off during the session on Friday as the nonfarm payroll number came out much better than anticipated.
USDJPY remains in short term uptrend from 115.56, further rise to test 121.84 resistance could be expected,
USDJPY is facing 117.23 support, as long as this level holds, the fall from 121.84 could be treated as consolidation
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.