USD/JPY 90.65 – 14 September 2009 USD/JPY Open 90.30 High 91.77 Low 90.21 Close 90.67 Dollar/Yen continued the downward momentum on Friday as expected, reaching the 90.25 bottom, and closing the week at 90.67. On the 1...
As expected, USDJPY broke below 91.73 previous low support, further fall to 88.00-90.00 area to reach next cycle bottom on daily chart is possible next week and the next cycle bottom is nearing. Key resistance is now...
Euro Dollar The rise that we expect to be in a 5-wave mode, is still developing nicely, reaching 1.46 for the first time this year. We still believe it has enough strength to reach the top of...
Euro Dollar The Euro is trying at this very moment to break the falling trendline from Aug 27th high, which is a trendline that frustrated the Euro on several occasions recently. If it succeeds, there will be...
USDJPY’s downtrend from 97.78 extended further to as low as 91.94 level. Small consolidation is expected next week, before breaking below 91.73 previous low support. However, deeper decline towards 89.00-90.00 area would more likely be seen after...
Euro Dollar The Euro survived the test of short-term Fibonacci support, and as we have expected, started a correction move up, without breaking 1.4300, and stopped just 8 pips below what we have called "the most important...
Euro Dollar The Euro dropped from 1.4376 until it reached and tested Fibonacci 61.8% support for the whole move from 1.4045 to 1.4405. The above mentioned Fibonacci support at 1.4183 will be the most important for the...
USDJPY remains in downtrend from 101.43. Further fall is still in favor and next target is to test 91.73 previous low support, a break down below this level will signal deeper decline towards 89.00-90.00 area.
USDJPY has formed a cycle top at 97.78 level on daily chart and the fall from 97.78 is treated as resumption of downtrend from 101.43. Deeper decline to test 91.73 is expected in a couple of weeks,...
USDJPY has formed a cycle top at 97.78 level on daily chart. Deeper decline to test 91.73 previous low support is expected in a couple of weeks. Near term resistance is at 97.78, only rise above this...
