The US dollar is once turning lower against the Japanese yen currency after the recent rally in the pair found strong resistance from the 110.00 level. If sellers can move price back under the 109.66 level technical selling in the USDJPY pair is likely to increase. Technical indicators on the four-hour time frame have now corrected back to neutral and are ready...
The US dollar has fallen to a fresh monthly trading low against the Japanese yen currency after the Chinese government announced retaliatory measures to US trade tariffs. The 108.49 level is major weekly support if sellers move the USDJPY pair below the 109.00 support level. The USDJPY pair offers only limited technical support until the 107.90 level if the 108.49...
The US dollar has opened the trading week under pressure against the Japanese yen as Asian equity markets suffer early week losses. The USDJPY pair is likely to come under additional downside selling pressure if the 109.40 level is broken with conviction. If the USDJPY pair advances above the 110.00 level, buyers could force price back towards the 110.30 technical...
The price runs inside the contraction triangle,
The weekly chart continues with three large red-candles,
This week is likely to fall further.
In the future you can keep trading inside the triangle,
as shown in the chart.
Sell Now & TP 108.50
-----------------------------------------DRonnie - 2019.05.13
The US dollar continues to tumble lower against the Japanese yen on Wednesday as global equity markets come under a fresh round of selling pressure. The USDJPY pair is moving closer to the important 109.80 now that the 110.00 level support level has been broken. The bullish pattern on the four-hour time frame has now been invalidated by the recent drop in the...
USDJPY The 4 hour right side is up in a bullish sequence relative to the 109.69 low of 3/24/19. Near term the 1 hour is turning down correcting the cycle up from the 3/24/19 lows before a turn back higher.
Stop Loss: 111.40
Good Luck !
The US dollar has come under renewed downside pressure against the Japanese yen on Monday, following bearish comments surrounding Sino-US trade talks from President Trump. The USDJPY pair has a strong bearish intraday bias while trading below the 110.90 level and may target the 110.00 level. Traders should be aware that the large inverted head and shoulders...
A huge long position has been bought recently, that position was being cleared up till now and if it goes up or breaks above resistance, it just might show a bullish move. reverse if sold heavily. small SL adivsed.
Upon factorising two fundamental events, US GDP and JPY’s policy decision, the counter wiggled both sides.
It indicates uncertainty in the counter as both the events emanated positive outlook for their respective economy.
Then the DXY index went through a profit booking rally, owing to which USD/JPY also slid.
But, now the counter has two short-term reversal...
The US dollar is back under pressure against the Japanese yen currency on Tuesday after the pair found strong resistance from the 111.88 level. The sentiment towards the USDJPY pair is intraday bearish while price trades below the 111.60 technical level. If sellers can move price under the 111.40 level they will trigger a head and shoulders pattern with a downside...
The Japanese central bank meeting has brought a halt to the rally in the counter.
Technically, the pair has broken its bullish trendline.
It also failed to hold the breakout of a critical resistance of 111.805.
So, the resistance is back into play and the broken trendline will add to the woes of the bulls.
Hence, we expect the pair to be bearish and move to the...
The US dollar is coming under pressure against the Japanese yen currency following a fake technical breakout above the 112.00 level. The intraday sentiment towards the USDJPY pair remains bearish while price trades below the 111.60 support level. Overall, the next large directional move in the USDJPY is likely to come after the release of first quarter GDP from...
As we forecast downtrend for this day, so Forecast City suggests sell (limit) below R1=111.7.
But the short term forecast is range bound, so we expect to reach the following targets:
Set the stoploss of these orders at breakout of R2=111.8.
Stop and reverse:
If trend gets reversed, buy (stop) orders will be opened at breakout of...
The US dollar has fallen back towards its weekly pivot point against the Japanese yen currency after buyers failed to move price above the 112.00 level. The move lower is currently seen as a technical correction, as bulls have been able to maintain the USDJPY pair above the pivotal 111.68 level. The inverted head and shoulders pattern on the four-hour time frame...