On Thursday, the USD/JPY traded with the same high volatility. However, it had declined down and booked a new low level during the second part of the day's trading. In general, if the rate drops below and breaks off from the simple moving averages just above the 110.60 mark, it could fall as low as 110.46. Latest Fundamental Event The Federal Reserve released
The surge of the USD/JPY continues, as the rate has made attempts to approach the 111.00 level. Although, the most notable thing about the last two trading sessions is that this week the range of volatility has increased. Namely, the hourly candles are almost twice as big as usually. Latest Fundamental Event The Bureau of Labor Statistics released Non-Farm Employment Change data
The USD/JPY has hit the previously set target. Namely, on Tuesday the pair hit the resistance of the 61.80% Fibonacci retracement level at 110.80. If the Fibo is confirmed as a support level, the rate will aim higher and head for the next resistance level near 111.00. At that level a monthly pivot point is located at. Latest Fundamental Event The Bureau of
On Monday the USD/JPY traded sideways as it was being kept down by simple moving averages of the hourly chart. If the rate manages to break the resistance of these simple moving averages, it will approach the next technical resistance. Namely, a 61.80% Fibonacci retracement level at 110.80 will get approached. Latest Fundamental Event The Bureau of Labor Statistics released Non-Farm Employment Change
The USD/JPY passed through the support of the weekly R1 at the 110.51 mark. On Friday morning, the 200-hour simple moving average supports the currency exchange rate to trade at 110.38 mark. In general, the surge could continue as high as the 111.20 level. Latest Fundamental Event The Bureau of Labor Statistics released Non-Farm Employment Change data better-than-expected of 304K compared to
The USD/JPY broke the dominant pattern line at the 110.82 mark to trade sideways during Wednesday's trading session. In general, the surge could continue as high as the 111.20 level. Latest Fundamental Event The Bureau of Labor Statistics released Non-Farm Employment Change data better-than-expected of 304K compared to forecast 165K. Note, that the Average Hourly Earnings and the Unemployment Rate were
The USD/JPY passed the resistance level of the weekly R2 at the 110.516 mark to surge towards the 61.80% Fibonacci retracement level. In general, the surge could continue as high as the 110.80 level, if it resumes. On the other hand the pair might retrace back down to the support levels near the 110.15 level. Latest Fundamental Event The Bureau of Labor Statistics
The target of the 110.50 has been reached. The USD/JPY had reached far above the 110.50 mark before stopping and consolidating its gains. In general, the surge could continue as high as the 110.80 level, if it resumes. On the other hand the pair might retrace back down to the support levels near the 110.15 level. Latest Fundamental Event The Bureau of Labor
The USD/JPY was jumping on Monday. The rate had finally managed to pass the resistance of the 110.00 level. By the middle of the day's trading it could be observed that the rate was heading for the 110.50 level, where starting from Monday the weekly R2 of the simple pivot points was located at. Latest Fundamental Event The Bureau of Labor Statistics released
The USD/JPY has failed to pass the 110.00 mark for a week now. It continues to trade between 109.60 and 110.00. However, a move up is still expected. The reason for the possible surge still upwards is technical. Namely, the support of the 200-hour simple moving average is approaching the currency exchange rate from the downside. Latest Fundamental Event The Bureau of
After finding additional support the USD/JPY making more attempts to pass the 110.00 level. In general, we expect that the 110.00 mark will be broken. Above the 110.00 level there are no resistance levels as high as the 110.50 level. Latest Fundamental Event The Bureau of Labor Statistics released Non-Farm Employment Change data better-than-expected of 304K compared to forecast 165K. Note, that the
The USD/JPY has dropped below the 55-hour SMA after numerous failed attempts to pass the 110.00 level. The retreat of the pair was stopped by the middle of Wednesday's trading by the 50.00% Fibonacci retracement level at 109.60. The pair has two possible scenarios for the future that revolve around the 55, 100 and 200-hour simple moving averages. Latest Fundamental Event The Bureau of
The 110.00 mark was reached by USD/JPY as expected. Although, after piercing the resistance at 110.00 it failed to gain more. The rate reached slightly above the 110.15 mark and retraced back down below the 110.00 level. In general, it can be observed that the pair is trading sideways and consolidating its gains after the 250 pip surge since Friday. Latest Fundamental
On Monday, the USD/JPY currency exchange rate was aiming to reach the 110.00 level. Meanwhile, take into account that, if the pair passes the 110.00 level it will face a technical resistance level near the 110.20 mark. Latest Fundamental Event The Bureau of Labor Statistics released US PPI data lower-than-expected of negative 0.2% compared with forecasted 0.01%. Note, that the US Core PPI
The surge of the USD/JPY is set to once more test the resistance of the 110.00 level. Besides the fact that this level has proven itself as a psychological resistance, there are no other obstacles to the USD/JPY to reach the 110.50 mark. Meanwhile take into account that the rate is supported by the 55 and 100-hour simple moving averages near
In general, the pair is still heading higher as stated before. Meanwhile, note that the hourly chart has been fully reviewed. The reason for that is the breaking of various descending patterns. Latest Fundamental Event The Bureau of Labor Statistics released US PPI data lower-than-expected of negative 0.2% compared with forecasted 0.01%. Note, that the US Core PPI was released at the same
The forecast of the larger scale is proving to be correct. The rate has broken the short term resistance levels, signalling that it will head higher. Namely, watch the pivot points, round psychological levels, as the rate is set to surge up Latest Fundamental Event The Bureau of Labor Statistics released US PPI data lower-than-expected of negative 0.2% compared with forecasted 0.01%. Note,
On Tuesday, the USD/JPY traded sideways between the 109.40 and 109.50 levels. Although, the range was increasing by the middle of the day. For guidance of the future direction of the rate take into account that there is a strong technical resistance cluster at the 109.60 level and a solo support at 109.30. Latest Fundamental Event The Bureau of Labor Statistics released US
The surge of the USD/JPY continues. A 50.00% Fibonacci retracement level at the 109.60 mark was reached by the middle of Friday's trading session. The Fibo had forced the rate into trading sideways. Although, the sideways trading was consistent with the channel up pattern, which has been active since Tuesday. Latest Fundamental Event The Bureau of Labor Statistics released US PPI data lower-than-expected
The USD/JPY has continued to surge. Although, it has gained even more than it was expected, as the ascending pattern on the hourly chart has been broken. Due to the breaking of the junior and dominant patterns on the hourly chart a full review of the chart has been conducted. Read about that below. Latest Fundamental Event The Bureau of Labor Statistics released
The USD/JPY has confirmed that it is set to surge. Previously, long signals were only present on the daily chart. Namely, the currency exchange rate broke through the resistance of the dominant descending channel pattern on the hourly chart. Latest Fundamental Event The Bureau of Labor Statistics released US PPI data lower-than-expected of negative 0.2% compared with forecasted 0.01%. Note, that the
On Tuesday, a sudden surge began on the hourly charts of the USD/JPY. The pair quickly reached the high level of 108.75. During the move previous descending pattern was broken. Our analyst conducted a review of the hourly chart and spotted two patterns. A dominant channel down pattern and a junior channel up pattern. Latest Fundamental Event The Federal Reserve releases US FOMC
The USD/JPY currency exchange rate has resumed the decline in the borders of a descending channel pattern. However, it was spotted on Monday that the 108.00 level is providing psychological support. Namely, the 108.00 has forced the USD/JPY into surging and making attempts to pass technical resistance levels near the 108.30 mark. Although, it is expected that the decline will resume. Latest
The USD/JPY recovery has run into resistance. The rate has retraced back down to the levels near the 108.40 mark. The rate faces the resistance of the 38.20% Fibonacci retracement level at 108.43, and the 100 and 200-hour simple moving averages respectively at 108.48 and 108.54. Latest Fundamental Event The Federal Reserve releases US FOMC Meeting Minutes where fed officials provide in-depth