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USDJPY is posting nice lower lows and lower highs since last 5 months. Current daily chart of USDJPY predicts that it may well continue further, as the bearishness queues up and little strong movement above 106. During last BOJ statement, the Interest rate was kept as it is and little hawkish statement went favor of Japan. Tomorrow's statement also may end up like that as Japan is ok with their fundamentals and there may not be any changes in Interest rate as expected. Having said that, still we…
ijayakumar's Blog
USDJPY bearish run started again
As expected, after staying and fighting in the 105-107 price range, the price started coming down with strong bearish run and it may continue further if 103.80 price action broken. Current strong bearish looks to extend the bearish run even further, but fundamentally it may happen after a small pullback. Please find the daily chart and analysis of USDJPY,
USDJPY in critical price action
USDJPY pair is in critical price range where we can expect a continuation of bearish trend as it had nice pull back falling from 102 to 106. Previous rejection had happened in the same price range of 105-106 and hence it is highly likely to see another rejection here. We can expect a top rejection red candle or engulfing red candle to make sure our entry which would help us getting some good profits. Please find the technical daily chart of USDJPY as below,
USDJPY at the verge of defining further move
US dollar starting to move upwards since the indication of interest rate hike. But still its fundamentals are not so promising to conclude on a hike. Also today's China Manufacturing PMI also plays an indirect vital role in this decision. With respect to all these, Technical analysis also indicating that this pair is at the verge of defining the further move irrespective of which way. Please find the daily chart,
According to my technical analysis, a move above 112.15 will trigger upward trend …
According to my technical analysis, a move above 112.15 will trigger upward trend …
USDJPY is in range trading with more upside pressure
USDJPY is circulating around known zone for couple of months and it is expected to continue the same till FED's decision on Interest rate. Please find below the chart analysis,
Monthly chart:
- It clearly shows the strong price action near 124 price range, as 2007 data declined at the same level. Hence it will be considered as a strong Resistance
- Price around 115 range has been a strong support for this pair, as there is no threat yet to go below this area.
Weekly chart:
- Weekly cha…
Monthly chart:
- It clearly shows the strong price action near 124 price range, as 2007 data declined at the same level. Hence it will be considered as a strong Resistance
- Price around 115 range has been a strong support for this pair, as there is no threat yet to go below this area.
Weekly chart:
- Weekly cha…