Tag: USDJPY

USDJPY formed a cycle bottom at 103.54 on daily chart. Further rise is still possible to test 109.18 resistance, and sideways consolidation in a range between 103.54 and 110.66 could be seen in a couple of weeks.

USDJPY broke below 103.76 previous low support and rebounded from 103.54 level. The pair might be forming a cycle bottom on daily chart. Further rise towards 109.18 is now in favor in next several days and sideways...

USDJPY traded in range between 105.52 and 109.18 for several days. Rise to test 110.66 is still in favor, and a break above 109.18 is needed to confirm the resumption of up trend. Initial support is located...

Being supported by the price channel, USDJPY formed a cycle bottom at 105.52 level on daily chart. Further rise above 110.66 is still in favor and a break of 109.18 level will confirm the resumption of up...

USDJPY might be forming a cycle bottom at 105.52 on daily chart. Rebound to test 110.66 previous high resistance is now in favor in next several days. Initial support is at 105.52, below this level will indicate...

USDJPY is in consolidation to up trend. Deeper decline is still possible to test the support of the up trend line from 95.77 (Mar 17 low) to 103.76, now at 107.10 level. Key resistance is at 110.66,...

USDJPY traded in range between 108.13 and 110.66. Pullback towards the lower boundary of the price channel to reach next cycle bottom on daily chart is now in favor. On the other side, a break above 110.66...

USDJPY traded in range between 108.13 and 110.66. Pullback towards the lower boundary of the price channel to reach next cycle bottom on daily chart would more likely be seen before breaking above 110.66 level. However, a...

USDJPY is forming a sideways consolidation in a range between 108.13 and 110.66. Rebound from 108.13 could possibly be resumption of up trend. Further rise to 112.00 level is now in favor. Initial support is at 108.13,...

USDJPY is forming a sideways consolidation in a range between 108.36 and 110.66. As long as 108.36 support holds, we’d expect up trend to resume, and further rise is still possible to 112.00 level after consolidation. Only...