USDJPY appears to have a made a convincing break below the head and shoulders neckline on its daily time frame. This suggests that the pair could be in for more longer-term losses, possibly amounting to around 900 pips or the same height as the chart formation. The 100 SMA crossed below the longer-term 200 SMA,…

USDJPY could be in for a long-term selloff, as the pair has formed a complex head and shoulders pattern on its daily time frame. Price is still hovering around the neckline around 117.50-118.00, with a downside break likely to confirm that further losses are likely. If that happens, USDJPY could fall by an additional 800…

Price has bounce of MS1 @ 118.9200 and the hourly chart you can see price has made a higher lower. stochastic has also turn upward, on my daily chart you can see price is [email protected] 118.852 the last time we were hear was back on 15th Oct 15.  On my 15 min chart you will see…

On this chart for your analysis I posted the most important support and resistance zones on the usdjpy daily chart. You may see that price held at the previous resistance zone of 124.000 printed a nice upper wick and price came back down. If you would like to trade during this christmas week the I…

USDJPY previously broke below a consolidation pattern visible on its 4-hour time frame then dipped to a low of 120.30 before showing signs of a retracement. Using the Fibonacci retracement tool on the latest swing high and low shows that the broken support lines up with the 61.8% Fib. This also coincides with the 122.50…

On this chart a long trade is suggested. We will take advantage of trading in direction of the 200 ma that acted as support on this pair and place a bullish trade to take the opportunity of the increase of todays interest rate. Like this we allign the technicals with the fundamentals. The stop loss…

After being stuck inside a range for quite some time, USDJPY finally picked a direction and broke to the downside. This suggests that further losses might be in the cards for this pair. The range is approximately 100 pips in height so the resulting breakdown could be of the same size, possibly taking the pair…

  USDJPY has been moving sideways on the short-term time frames, still waiting for more catalysts to spur a trend in either direction. At the moment, price is approaching the top of its range around the 123.75 level. If this area continues to hold as resistance, a move towards the bottom of the range at…

USDJPY has been climbing recently but a reversal pattern just formed, indicating that a downtrend might be next. Price made a double top pattern on the 4-hour time frame and is currently testing the neckline at the 122.50 minor psychological level, with a downside break likely to confirm the selloff. The chart pattern is approximately…

USDJPY sold off on Friday but is currently testing support at a rising trend line connecting the lows on the 1-hour time frame. Price could be due for a bounce from here, possibly taking it up to the previous highs around the 123.50 minor psychological level. The trend line coincides with the 200 SMA, which…

USDJPY has been moving sideways on its 4-hour time frame, finding support at the 118.50 minor psychological level and testing resistance at the 121.50 mark. Stochastic is indicating overbought conditions, which suggests that the top of the range might keep gains in check. The moving averages are oscillating so the range-bound movement might carry on.…

USDJPY has been forming lower highs and testing support at the 120.50 minor psychological level, creating a descending triangle pattern visible on the short-term time frames. Price is on its way up to test the resistance again and might make an attempt at breaking out. The moving averages are crossing back and forth, indicating that…

Did anyone see the inverse flag pattern on the 4hour USDJPY Flag patterns works on all time frames. See how price action after the shape move downward   ( 3 Bears engulfing candles ). Price movement want from large price action to very tight price movement forming the flag . Pressure was building up and the price pop shapely downward  classic flag…

The still very bullish again the Yen right now . However I see divergence in the 4hr stoch to price action moving higher  I was writing my post when the data came out  about the US wages ?. So new chart . New York open may push the this currency pair higher ?. PLEASE remember…

USDJPY pair has shown a steady uptrend since yesterday.   Even in Asian hours today (after FOMC event), the price still continues to go north, without showing any "Asian Fade".    Hourly chart shows the price is riding 5 EMA, which is VERY Bull. If you want to ride the cool train to long this…

I posted yesterday (in Yen Cross Ichimoku Analysis) that USDJPY shows 3 Yaku Koten (3 big Bug signals). And I told you that I am Bull on this pair. However practically, it is safe to say that this currency pair has been in the range bound of 122.50 - 124.50 range. (as shown below) The…

The US dollar is bullish right now again the Yen but we are at resistance on the weekly WR1 @123.4743 and monthly Mpp @ 123.3930 The dollar been in this zone for the last 24hours can the US dollar break resistance and go  higher?. Sell Order :  price has broken the 21ema so I would…