USDJPY Analysis – May 3, 2008
USDJPY’s up trend extends to as high as 105.70. Further rise to 107.00 area is still possible. Near term support is at the rising price channel, as long as the channel support holds, up trend will continue....
Tag: USDJPY
USDJPY Analysis – Apr 30, 2008
USDJPY is in consolidation to the up trend. As long as 102.67 holds, we’d expect up trend to resume and further rally to 107.00 area is still in favor after consolidation. Key support is at 100.02, only...
USDJPY Analysis – Apr 26, 2008
USDJPY breaks above 104.64 and up trend resumes. Further rally to 107.00 area is possible next week. Initial support is at 102.67, as long as this level holds, up trend will continue. Key support is at 100.02,...
USDJPY Analysis – Apr 23, 2008
USDJPY might be forming a cycle top at 104.64 on daily chart. Initial support is at the rising price channel and key support is at 100.02, a break of this level will confirm the cycle top and...
USDJPY Analysis – Apr 19, 2008
As expected, USDJPY breaks above 102.94 resistance and reaches as high as 104.64. Further rise to 105.50 area to reach the next cycle top on daily chart is still possible next week. Key support is now located...
USDJPY Analysis – Apr 16, 2008
No changed in our view, USDJPY is in up trend, and the fall from 102.94 is treated as consolidation to the up trend. As long as the key support at 98.55 holds, we’d expect up trend to...
USDJPY Analysis – Apr 12, 2008
USDJPY is in up trend. The fall from 102.94 is treated as consolidation to the up trend. Further rally to 105.00 area to reach the next cycle top on daily chart is still in favor after consolidation....
USDJPY Analysis – Apr 9, 2008
USDJPY traded in a narrow range between 101.45 and 102.94 in the last few days. Further rise to 105.00 area to reach the next cycle top on daily chart is still in favor after consolidation. Key support...
USDJPY Analysis – Apr 5, 2008
Being contained by 103.59 resistance, USDJPY pulls back from 102.94. As long as 98.55 key support holds, we’d expect up trend to resume and further rise to 105.00 area to reach the next cycle top on daily...
USDJPY Analysis – Apr 2, 2008
USDJPY rises sharply to as high as 102.15 after consolidation. Further rally to test 103.59 resistance is expected in the next several days. Key support is now located at 98.55, only break of this level will signal...