As seen in the weekly chart. We see price is indicating a bullish momentum to develop again in the pair. 1 - We are at the 38.2% Retracement Level of the major upswing. 2 - Price respecting the uptrend line, perfectly. 3 - Hidden Bullish Divergence in existence, shouting another push up is welcoming. Good Luck, let us see how the market trades it next week. Just...
With a major structure level at 115.561 being broken USDJPY appears to be very bearish in the upcoming weeks and months. With the implementation of negative interest rates, and break in support USDJPY is likely to revisit the 110.00, 105.00 and potentially 100.00 levels.
USD/JPY Weekly outlook, we have a couple reasons to think this is a bullish retracement. Returning into the weekly drop. Something to look at.
USD/JPY 113.78 Market managed to hit below 112.50 yesterday in a sign that market may have another dip toward 111.50-60 zone before resume the rebound correction toward 115.10 zone short-run still showing ability to continue trading zone between 111.00 – 115.10 , while below 111.00 expect 110.00 zone and below Support Resistance Level...
USD/JPY Japanese Yen sustain advance against most counterparts on safe-haven demand after global equity drop on Global Economy growth concern Market managed to break below 115.50 zone which add more pressure to sustain advance toward first target 113.60 As short-run sustain trades below 116.00-50 resistance zone expect farther drop toward 113.60 Mid-Run: ...
The primary trend of USD/JPY is bearish on charts and price is trading below the trend line in its 4 hourly chart. In 4 hourly chart the price is below 200 day SMA and 50 day SMA indicating downtrend of the pair. It is having an important level of 116.80. If it breaks its trend-line (black line) on the downside and sustains below it then we can expect it to show...
At important announcements/changes in policies like the one today where BOJ implemented negative rates, it usually takes some time before the market sinks in the implications and positions accordingly. Currently, it is evident based on technical levels that USDJPY has touched the 116 important neckline (head & shoulders). Also, because of the surprising policy...
Hi all, please see this chart first, and press the "load new bars"/play button and see how it played out: I recently took notice of such formations and have come to appreciate its usefulness. RATIONALE: When a pair trends in a certain direction, and such a formation forms, it usually indicates indecisiveness/loss in momentum of the prevailing trend, because...
A bigger picture look of USDJPY from 2006-now has seen dramatic volatility due to divergences in monetary policy & global outlook, with the JPY correlating to safe haven flows in times of crisis and uncertainty. From this analysis we can see that from 2006 - 2012: There was a clear downward channel trending from a high of 124.14 to a low of 75.56. From 2012...