USD/JPY
The dollar against the yen attacked the support of the embedded price channel line on Wednesday, but was only able to pierce it with the lower shadow (daily). It started Thursday above the trend line, which reinforces the bulls' positions. The Marlin oscillator slightly moving up. We...
USD/JPY has increased a little from around 104.70 level, maybe the rebound was normal after the accelerated drop. The currency pair is still traded below two downtrend lines, so the outlook is still bearish, USD/JPY could drop further.Price could reach, touch, and retest the minor back downtrend...
Good afternoon traders!
On Friday, a strong impulse occurred on the USD / JPY pair, which raised its value by more than 2,000 pips. However, over the past two days, the quote retracted 61.8% Fibonacci, so the plan now is to complete the ABC wave pattern, where the July 31 impulse serves as...
USD/JPY
The dollar-yen pair dropped 24 points on Tuesday, which we regard as a technical correction after the previous growth of 230 points in two days. At the moment, the price is supported by the embedded line of the price channel. Pinning it below will open the 104.60 target again. The...
The US dollar continued the correction on Monday that started last Friday, which is really long overdue on the wave of its significant technical oversold, which was largely supported by the growth in demand for risky assets during the period of corporate reporting of companies.On Monday, a...
USD/JPY
The Japanese yen met yesterday's extremes with technical resistance: the upper shadow is the resistance of the balance indicator line, the lower shadow is the support of the embedded price channel line. This fact enhances the value of active technical instruments, therefore, we are...
USD/JPY
The dollar jumped 113 points against the yen last Friday. Trading volumes were high - the highest since June 10. The US stock index S&P 500 rose 0.77% on Friday. Visually, it is preparing to storm the pre-crisis high of 3393. It seems that there is not much time left to wait until...
USD/JPY
The Japanese yen continues to develop according to the main scenario: a consistent decline to the target levels of 103.80, 102.45. The price forcefully overcame the 104.60 level on the daily chart, about 60 points to the nearest at 103.80. It seems that the level will be reached, as the...
USD/JPY
The Japanese yen traded below the 105.15 level on Wednesday, but the second target at 104.60 was not reached. The signal line of the Marlin oscillator is turning up, the correction may continue with an attack on the descending line of the price channel, that is, above the 105.60...
USD/JPY
The Japanese yen strengthened, that is, dropped 26 points on the chart on Tuesday. The short-term correction we expected took place; it was limited by the downward embedded price channel line. Now the target for the decline is the 104.60 level.
The price consolidated below the...
