USD/JPY dropped, as described before. The support of the 110.00 level was reached on early Wednesday morning. During the day the rate was consolidating by trading sideways between the 110.00 and 110.20 levels. Latest Fundamental Event Bureau of Labor Statistics released the US Non-Farm Employment Change, which came out better-than-expected of 263K compared with forecast 181K. Note, that the US Average Hourly Earnings
On Tuesday morning, the USD/JPY remained near the previous trading session's levels. Meanwhile, the 55-hour SMA was approaching the rate. The additional resistance signals that the consolidation of the rate after the recent gap drop is about to end. Latest Fundamental Event Bureau of Labor Statistics released the US Non-Farm Employment Change, which came out better-than-expected of 263K compared with forecast 181K.
The USD/JPY started the week's trading with a gap down. The gap opened below the previously drawn patterns. Trump's announcements were being blamed for the drop. Although, it was the reaction of the market on the President's trade related announcement that caused the drop, as no law was signed by Trump. Namely, there is no change in the flow of trade
As it was previously forecast, the USD/JPY is getting squeezed in between the support of the 55-hour simple moving average and the resistance of the 200-hour simple moving average. The levels are closing in one on another. It indicates that the currency exchange rate should break out up or down in the near future. Latest Fundamental Event The Federal Reserve released the FOMC
The fundamental announcement made by the FOMC on Wednesday caused a surge, which managed to push the currency exchange rate through the various technical resistance levels just below 111.60. In regards to the near term future, the pair is expected to get squeezed in. Latest Fundamental Event Census Bureau released the US Core Durable Goods Orders data that came out better-than-expected of 0.4%
Instead of reaching the weekly S1 at 111.18 the rate retraced up to the resistance of the 55 and 100-hour simple moving averages together with a new monthly PP at 111.56. Meanwhile, take into account that on the hourly candle chart a new channel down pattern has been added. Latest Fundamental Event Census Bureau released the US Core Durable Goods Orders data that
The USD/JPY broke to the downside and reached down to the 111.30 level during Tuesday's trading session. From a theoretical technical analysis perspective the rate should reach down to the weekly S1 at the 111.18 level. Latest Fundamental Event Census Bureau released the US Core Durable Goods Orders data that came out better-than-expected of 0.4% compared with forecast 0.2%. The US Durable Goods
The USD/JPY on Monday traded squeezed in between the 55-hour SMA as support at 111.67 and the 100-hour SMA with the weekly PP at 111.80. In general, the rate could break out to both sides. Wait for the break out, which will reveal the short term direction of the currency exchange rate. Latest Fundamental Event Census Bureau released the US Core Durable Goods
On Friday morning, the USD/JPY currency pair was testing the weekly S1 located at the 111.76 mark. Given that the pair is squeezed by the weekly S1 and the weekly S2 at 111.57, it is likely, that the pair could trade sideways in the short term. Latest Fundamental Event The European Common Currency traded sideways against the US Dollar, following the US Durable
During Thursday night, high volatility occurred in the market due to the Monetary Policy Statement by the Bank of Japan. The Bank decided to keep the interest rate unchanged. The USD/JPY currency pair is pressured by the 55-, 100- and 200-hour SMAs, thus, it is likely, that some downside potential could occur in the nearest future. Latest Fundamental Event Census Bureau released the
The USD/JPY exchange rate tested the support level formed by the weekly S1 at the 111.78 mark. It is expected, that the rate trades sideways between the given support and the resistance level formed by a combination of the 55-, 100- and 200-hour SMAs located circa 111.90. Latest Fundamental Event Census Bureau released the US Core Retail Sales data that came out better-than-expected
Just before midnight the USD/JPY dropped sharply 25 base points. However, by the middle of the day's trading session the rate had recovered back up to the 111.90 level. Meanwhile, take into account that a decline was expected on Friday. Compared to Friday's levels the rate had declined slightly. Latest Fundamental Event Census Bureau released the US Core Retail Sales data that came
USD/JPY trades with high volatility ignoring the resistance levels on the hourly chart. Despite that the rate was expected to decline in the future, as both technical and fundamental analysis perspectives were indicating that a decline will occur. Latest Fundamental Event Census Bureau released the US Core Retail Sales data that came out better-than-expected of 1.2% compared with forecast 0.7%. According to experts, the
After a second attempt to pass a line on the hourly chart the USD/JPY declined on Thursday. The rate had passed hourly chart's support levels and was set to fall down to the 111.65 level. At that level the weekly pivot point and the 200-hour simple moving average were located at. Latest Fundamental Event The Bureau of Labor Statistics released US CPI
The USD/JPY continued to trade near the 112.00 level on Wednesday. Meanwhile, the rate had touched the upper trend line of a dominant resistance line near 112.10. Latest Fundamental Event The Bureau of Labor Statistics released US CPI data that came better than expected of 0.4% compare with forecasted 0.3%. Note, that the US Core CPI was released at the same time
On Tuesday, the USD/JPY passed the support of the 55-hour simple moving average. The event was signalling that the currency exchange rate could fall down to the 111.70 level. At that level it would meet with the support of the weekly PP, 100 and 200-hour simple moving average. Latest Fundamental Event The Bureau of Labor Statistics released US CPI data that came
USD/JPY has reached above the target of 112.00. Namely, during Friday's trading session the currency exchange rate reached a monthly pivot point at 112.11. On Monday, the currency pair was consolidating its gains by slightly retreating down. Latest Fundamental Event The Bureau of Labor Statistics released US CPI data that came better than expected of 0.4% compare with forecasted 0.3%. Note, that the
The USD/JPY rate is skyrocketing. As soon as it broke the resistance of a descending channel on Thursday, a break out occurred, which caused a massive surge. By the middle of Friday's trading session the rate was about to reach the resistance of the 112.00 level. Latest Fundamental Event The Bureau of Labor Statistics released US CPI data that came better than expected
After declining on Wednesday, the USD/JPY on Thursday was back up at the resistance of the 55-hour simple moving average and upper trend line of a descending channel pattern. Meanwhile, the rate was trading in limbo around the weekly S1 at 111.10. Latest Fundamental Event The Bureau of Labor Statistics released US CPI data that came better than expected of 0.4% compare
On Wednesday, USD/JPY tested the combined resistance of a 55-hour SMA and an upper trend line of the medium scale descending pattern at 111.30. As the rate failed to pass the level, it was expected to trade sideways until it gets additional technical support from the lower trend line of a dominant pattern. Latest Fundamental Event The Bureau of Labor Statistics released
As it was expected, the USD/JPY retreated as soon as it touched the 55-hour SMA. Although, on Tuesday morning the decline was over, as it was stopped by the 200-hour SMA. As the 200-hour SMA was a lone technical support level, Dukascopy Analysts expect it to be passed after a period of consolidation of the decline. Latest Fundamental Event The Bureau of Labor
USD/JPY traded sideways on Monday, as it made attempts to pass the resistance of the 111.50 level. The rate was expected to trade sideways until additional technical resistance levels approach it and force it into a retreat. Latest Fundamental Event The Bureau of Labor Statistics released the US Non-Farm Employment Change, which came better-than-expected of 196K compared with forecasted 172K. Note, that the
The USD/JPY managed to find support on Thursday to surge higher. The rate had reached the resistance of the 111.75 level on Friday morning before it began trading sideways. The rate is expected to consolidate its gains before continuing higher. Moreover, at the moment it is facing the combined resistance of a large scale ascending pattern and a weekly pivot point. Meanwhile,
By trading sideways the USD/JPY has broken the support of a medium scale channel up pattern. In addition, the rate has signalled that the 55-hour simple moving average cannot push it higher. Meanwhile, the rate was being approached by the support of the 100-hour simple moving average, which could end the sideways trading. Latest Fundamental Event On Monday, the US Census Bureau released