Recently, the USD/JPY pair has been trading upwards. The price tested the level of 111.88. Anyway, according to the 30M time frame, I found a fake breakout of yesterday's high at the price of 111.66, which is a sign that buying looks risky. Price action confirmed a successful rejection from 111.66...
Our first target which we predicted at 111.70 in yesterday's analysis has been hit. The pair is trading above its rising 50-period moving average, which plays a support role and maintains the upside bias. The relative strength index is mixed with a bullish bias. The downside potential should be...
In Asia, today Japan will not release any economic data. However, the US will release some economic reports such as Import Prices m/m, Housing Starts, Current Account, and Building Permits. So there is a probability the USD/JPYpair will move with low to medium volatility during this day.TODAY'S...
USD/JPY has been impulsively bullish recently after breaking above the resistance of 108.50. The price has been very impulsive and non-volatile with the bullish move, which has engulfed weeks of bearish price action providing a clue of further bullish pressure in the market. Today is a bank holiday...
All our upside targets which we predicted in the previous analysis has been hit. USD/JPY is expecter to advance further and post some new highs. The pair posted a gap up when opening and broke above the 20-period moving average. The rising 50-period moving average suggests that the prices have...
In Asia, today Japan will not release any economic data. However, the US will release some economic news such as TIC Long-Term Purchases and NAHB Housing Market Index. So there is a probability the USD/JPY pair will move with low to medium volatility during this day.TODAY'S TECHNICAL...
Price continues to test our resistance area which is our selling area. We remain bearish below major resistance at 110.90 (Fibonacci retracement, multiple horizontal swing high resistance) and we expect a strong reaction from this level to push price down to 108.52 support (Fibonacci retracement,...
USD/JPY is expected to trade with a bullish outlook.The pair broke above the bullish channel, which confirmed a positive outlook. The 20-period moving average crossed below the 50-period one. The relative strength index is heading upward. Hence, as long as 110.25 holds on the upside, a further...
In Asia, today Japan will not release any economic data. However, the US will present a series of macroeconomic reports such as Prelim UoM Inflation Expectations, Business Inventories m/m, Prelim UoM Consumer Sentiment, Industrial Production m/m, Capacity Utilization Rate, Empire State...
Price has risen to our selling area as expected. We remain bearish below major resistance at 110.90 (Fibonacci retracement, multiple horizontal swing high resistance) and we expect a strong reaction from this level to push price down to 108.52 support (Fibonacci retracement, horizontal overlap...
