Forex Markets Prepare For An Interesting Week Ahead
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.
USD/JPY
USDJPY Daily Analysis – October 27, 2014
USDJPY stays above the upward trend line on 4-hour chart, and remains in uptrend from 105.32.
USDJPY Daily Analysis – October 2, 2014
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 Daily Analysis – September 8, 2014
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.
USDJPY Forecast August 26, 2014, Technical Analysis
The USDJPY pair fell during the course of the day after initially gapping higher on Monday.
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.
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.