Posts Tagged “USD/JPY”
Euro rebounds strongly today on news that ECB is going to grant 78 banks EUR 111.2b of funds for six days to assist them in coping with expiry of the 12 month loan which totals EUR 442b. The announcement overshadowed downgrade risk of Spain and helped Euro extends its rebound. View full post on Action Insight [...]
Dollar’s near term sideways trading is expected to continue and as long as yesterday’s low at 88.29 holds, mild upside bias is seen for retracement to 88.90/95, however, renewed selling interest should emerge around the Ichimoku cloud top (now at 89.15) and bring another decline towards chart support at 87.95. View full post on Forex [...]
Price action on USD/JPY, a 4-hour chart of which is shown, has recently been entrenched within an accelerated downtrend. Within this downtrend, after price broke down below key support in the 89.00 price region earlier this week, this currency pair has since consolidated in a slightly bullish, flag-like corrective pattern. View full post on Technical Analysis
The USD/JPY was projected to go to the 88.30 level in the beginning of June. After an engulfing pattern, the daily RSI showed a negative reversal (When the RSI made a higher high, but the price action did not). The 88.30 is a swing projection, but really, the support is View full post on Technical Analysis
Although dollar has remained under pressure on active cross-buying in Japanese yen and weakness to 88.38 (61.8% projection of 91.48 to 89.22 measuring from 89.78) is likely, loss of downward momentum should limit downside and reckon support at 87.95 would hold from here, bring rebound later. View full post on Forex Trading Ideas
As the greenback has recovered after intra-day fall to 89.25, suggesting minor consolidation would take place and above the Tenkan-Sen (now at 89.58) would bring retracement to the Kijun-Sen (now at 89.78), however, renewed selling interest should emerge around 90.20/30 and price should falter well below the Ichimoku cloud bottom (now at 90.46) , bring [...]
The USD/JPY pair has been declining as expected. The target is 88.30, suggested by a negative reversal in the daily time-frame. You can refer to any of the recent USD/JPY updates to see this projection. View full post on Technical Analysis
The 91.47 high remained intact and price spent the whole day declining. It looks as if it has done enough to suggest the decline was corrective. To confirm this a move above the 90.58-67 area must be seen. Once this is confirmed it should make its way higher back to View full post on Technical Analysis