Tag Archives: USD/JPY

USD/JPY: 102 New Footing For Bulls

USD/JPY broke 102 yesterday during U.S. trading hours. The USD was again the main driver as the Greenback gained strength on the back of higher S&P 500 prices. However, price did not manage to move beyond the 50 pips of … Continue reading

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USD/JPY Influenced By Small H&S Formation

After setting new highs above 102, USD/JPY is correcting the recent movement. Local tops are shaped like a Head and Shoulders formation, which in this case can be viewed as a minor sell signal. As we can see, the neck … Continue reading

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USD/JPY: Technical Analysis – May 7, 2013

The USD/JPY pair fell from its minor resistance level (indicated below) on a 30 minute time frame. The price action may find little hesitation when it approaches the 50 day moving average (in green). The uptrend remains intact as the … Continue reading

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USD/JPY: 102 Intact, Despite Early Morning Scare

USD/JPY suffered early losses during Monday open, retreating from above 103 to hit 102 within 30 minutes. The fast decline was attributed to Japanese Economy Minister Amari’s speech, in which he stated that the continued weakening Yen would eventually affect … Continue reading

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We Made It!: USD/JPY Breaks 100

We made it! Finally, the FX market broke through the magic 100 number on USD/JPY. The upmove in USD started with yet another better-than-expected jobless claims figure, but it’s hard to say exactly what the catalyst for the later leg … Continue reading

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EUR/JPY: Waiting For The Next Strong Movement Up

Now our cross is forming a flag, waiting for the next strong movement up. On Friday morning we went down, developing the flag´s low part. After the weekend we have opened up, forming the highest side. Usually we see the … Continue reading

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USD/JPY Crosses 103, Bounces Off

USD/JPY Open 102.80 High 103.31 Low 102.07 Close 103.18On Friday Dollar/Yen resumed increasing with 125 pips. The currency couple appreciated from 102.07 to 103.31 on Friday, matching the positive money flow sentiment at over +21%, closing the week at 103.18. … Continue reading

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USD/ JPY: Weak Uptrend

USD/JPY” title=”USD/JPY” width=”668″ height=”395″ />USD/JPY: 98.97Short-Term Trend: Weak uptrendOutlook:It seems USD/JPY has been tracing out a small triangle from the 99.94 top and if correct we will eventually see a strong move up after some more sideways trading early this … Continue reading

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On EU GDP, Single Currency Hits 6-Week Low

Market Drivers For May 15, 2013 German and French GDP miss sending EURUSD slower USD/JPY breaks 102.50 on BoJ flood of bond market Nikkei 2.29% Europe -0.03% Oil $93.50/bbl Gold $1409/oz. Europe and Asia JPY Tertiary Industry Index -1.3% vs. … Continue reading

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USD/JPY: Bulls Above 100.0 Vs Bears Below 100.5

After breaking 100.0 on Monday US trading, with 99.0 tested briefly, price has mostly been in a strong uptrend that allowed USD/JPY to retake 100.0 once more.Hourly Chart USDJPY_1 The 100.0 level happens to be the confluence with the descending … Continue reading

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