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 is facing 102.72 resistance, a break above this level will indicate that the uptrend from 101.32 has resumed,
USDJPY is now in downtrend from 102.72, and the fall extended to as low as 101.96.
AUDUSD is in a strong uptrend on its short-term and long-term time frames but it appears that buyers need to regain energy before pushing the pair higher.
The EURUSD pair went back and forth during the session on Thursday, ultimately settling on a slightly positive candle.
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.
EURUSD failed to break above 1.3864 resistance, indicating that the pair remains in downtrend from 1.3905, the rise from 1.3785 could be treated as consolidation of the downtrend.
AUDUSD stays in a downward price channel on 4-hour chart, and remains in downtrend from 0.9461.
AUDUSD continued its downward movement from 0.9461, and the fall extended to as low as 0.9295.
The AUDUSD pair went back and forth during the session on Monday, essentially settling nothing.
USDJPY is moving inside an ascending trend channel on its 4-hour time frame, indicating that further gains could be in the cards for the pair.