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USD/JPY in for a Strong Rally

fxsurprise8 Publié 31 mai comme Analyse sur USD/JPY, Cible: 115.79, Date: 1 de juillet, 12:00 GMT  dans #Technical analysis #JPY #USD/JPY #Rally #Japanese Yen #Uptrend #JPY Weakness #Japanese Recovery #Triple Bottom
The USD/JPY could be in for a strong rally. The pair closed May on a high note, currently at 110.66 from a high of 111.44 yesterday. The daily chart below shows just how consistent this uptrend has been. Notice the nice stair-step climb with little retracement.
Things are looking bullish on the long-term charts as well. Here the USD/JPY has been in a strong uptrend since the end of 2012. In fact the past few months of losses are the exception not the rule. With both the long-term and short-term …
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EUR/JPY to Stay Put

fxsurprise8 Publié 31 mar comme Analyse sur EUR/JPY, Cible: 128.11, Date: 1 de mai, 12:00 GMT  dans #Technical analysis #EUR #Euro #EUR/JPY #Japanese Yen #JPY Weakness #Range Trading
The EUR/JPY will stay put around current prices. Let's see why I think this. On the chart below we can see that we are currently trading around 128 Yen for 1 Euro. This is close to the 50% level for this year's range (high 132.29 and low 122.06). The yearly range has been fairly large so far at close to 8 percent. But we can deduce from how close we are to the 50% mark, prices swing around but ultimately come back around to this central area.
Another reason I'm betting on prices continuing to tr…
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fxsurprise8 26 avr

The EUR/JPY seems to be moving toward that 128 area again. We're now at 125.71.

We've had a wild ride this month, down to 121.70 but today we hit a high of 125.97. This volatile but ultimately range-bound movement is what I've written about in my analysis.

I would need a move of >200 pips to reach my target but with the upcoming FOMC/BOJ meetings, that doesn't seem like a stretch.

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