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.
USD/JPY
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.
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.
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.