First, a review of last week’s forecast: The forecast for USD/JPY was multiple fluctuations in the range of 120.25-121.45. It did transpire, although the oscillations were not as large as expected – the pair bounced off the said support range a few times but never managed to get over 120.65. For a second week in a row, only technical and graphical analysis has...
First, a review of last week’s predictions: The USD/CHF pair gave the impression that Swiss bankers closed down for the holidays – the pair went neither up nor down but remained at the pivot point of the past 3 weeks, i.e. 0.9900. Forecast for the Coming Week It has to be noted that all analysts are off for the holidays, and thus forecasts will be based on...
Bonjour, The JPY pairs have a reputation of being temperamental ... and rightfully so. Throughout my professional trading career, I've traded these pairs quite successfully but I'm also aware how quickly they move. As I looked over the weekly charts of the USD/JPY today, I realized that we might just be seeing the start of yet another huge move to the upside....
First, a review of last week’s forecast: The analysts were right about USD/JPY. In their opinion, the level of 120.00 was supposed to become very strong support, pushing off which the pair was to surge to resistance at 122.20 and then to 123.20. The latter level was reached on Friday thanks to the Bank of Japan's decision about its interest rate. Forecast for...
USDJPY has come above yesterday 121.60 resistance area and extended gains by reaching following dynamic barrier from 02.Dec high 123.67. The pair has immediately retraced lower which suggest 122.10/25 resistance might send the pair back down to 199.80 bearish target. Stop loss is set above 122.25 static level.
First, a review of the forecast for the past week: The USD/JPY pair defied the majority opinion, which doesn’t always prove right. The analysts and all tools of technical and graphical analysis had almost unanimously predicted sideways movement for the pair. However, the pair started to fall mid-week, broke through the 122.20 support on Wednesday and reached the...
USDJPY has broken flat range to the downside and rebounded during Asian session back to 122.25. Retracement from 122.25 indicates sell continuation targeting 121.20 and 120.30.
Since 09.Nov USDJPY makes up a probable flat correction in 123.60-122.30 range. Currently pair rebound is stopped at pivot point 122.85, where descending red trendline from two local highs (close values) meets control line from 26.Oct - 05.Nov highs. USDJPY close above 122.85 would indicate following 123.60 test and growth up to 123.90-124.10 area.