USD/JPY is under pressure. The continues its retreat from a high of 111.39 seen yesterday (May 21). Currently it remains capped by the descending 20-period moving average, which has just crossed below the 50-period one. The intraday configuration has turned bearish, and the pair is expected to test...
USD/JPYThe market got corrected lower on Monday, in the context of an uptrend. The correction may be an opportunity to enter the market at better prices, for price could still go further upwards, thus saving the extant bullishness in the market. Only a large pullback could threaten the current bias...
The USD/JPY pair remains in a bullish trend. Price continues to make higher highs and higher lows. As long as price is above 110.80, short-term trend remains bullish. Medium-term trend remains bullish as long as price is above 110.Blue line -medium-term supportRed line - short-term supportThe...
In Asia, Japan will release the BOJ Core CPI y/y and the US will also release some economic data such as Richmond Manufacturing Index. So there is a probability the USD/JPY pair will move with low to medium volatility during this day.TODAY'S TECHNICAL LEVELS:Resistance. 3: 111.52.Resistance. 2:...
OverviewThe USDJPY pair provided slight negative trading on last Friday but it begins today with a bullish gap that puts the price near 111.00 barrier, noticing that stochastic gets rid of its negativity clearly and gain the positive momentum on the four hours' time frame, forming positive motive...
USD/JPY has been quite impulsive with the bullish gains without any signs of a strong pullback against the trend since it broke above 110.50 recently. JPY has been struggling with the BOJ's long-term plans to develop the economy whereas USD momentum has increased impulsively.Today Japan's Trade...
USD/JPYThe bias on the pair is still bullish. The bullish movement that was witnessed last week has saved the ongoing bullish bias in the market. The bullish movement started in March 2018 and it has held out till now. The supply level at 111.00 was tested before price closed below it on Friday....
Recently, the USD/JPY pair has been trading upwards. As I expected, the price tested the level of 111.02. According to the H1 time – frame, I found broken intraday bullish flag, which is a sign that buyers are in control. The trend is bullish and the MACD oscillator is rising, which is another sign...
In Asia, Japan will release the National Core CPI y/y, but the US today will not release any Economic Data. So, there is a probability that the USD/JPY will move with low to medium volatility during this day.TODAY'S TECHNICAL LEVEL:Resistance. 3: 111.52.Resistance. 2: 111.30.Resistance. 1:...
USD/JPYThe USD/JPY continues going upwards. This is a bullish market, and the price is supposed to go further and further upwards (it has gained 155 pips so far this week), and it may reach the supply levels at 111.00 and 111.50, possibly going further than that. Short trades are not recommended...
