USDJPY – The US Dollar is gaining ground against the Japanese Yen. All looks happy and dandy for the USDJPY bulls at the moment. Every day is a Sunday and they can smell the flowers while trading on their desk. But how long can this elevated move in the USDJPY sustain itself? If you look at
USDJPY - Pair is above the 15 ema and bulls continue to try to push towards R1 pivot. Price is also trading above the Pivot Point. Yesterday's candle close is bearish and shows that the bulls might be in for a tough fight as we go along. Also, stochastic is pointing down and there is
The Dollar Yen continue to show bullish tendencies in this clear uptrend. On the left is the H$ and the right is the Daily chart. Starting with the daily chart, we can see that the pair closed with a Bullish engulfing candle and broke above the channel and the 15ema. This bullish set up
GBPUSD - On the weekly chart we see that the candle close last week is bullish and the pair closed above its 200 ema. Will the pair rebound from here? If it does, top side target based on the weekly time frame could be 1.64. On the downside, just below 1.60 is a demand
On the daily time frame we see that the dollar yen has broke above the resistance level at 105.337 after having tested that levels twice over 3 days before going higher. USDJPY Chart Next question is where will the pair target on the upside after this breakout? Using Fib levels, we can expect
Hi traders! Anlysing the USDJPY chart on the 4 hour time frame shows that we are currently at the bottom half of the downtrend channel which is corrective in nature when looked at the daily chart. Price is also trading within the purple box that I have drawn to make analysis much clearer. I believe
Hi traders! USDJPY - Pair has broken from the triangle and is seen moving north side. :) Where are possible points of resistance? 1. 100.426 2. 101.168 3. 103. 166 On the down side, what should we look for? A break below 100 will require us to re-analyse the chart again. Its one of the
Prices are seen moving southwards after meeting resistance at 99.06. A close below support at 98.6 will see the pair targeting 98.10. However, if price is able to break the resistance at 99.0, we can expect to see 99.65 to be next target. Cheers! ~ Ardy
