Over 20 years in trading
This is the only pair which has attracted my attention in the beginning of the new week. As I wrote in my USD/JPY analysis from March 24., fourth attack on support will brake this and for me it will be really interesting to see, whether this will actually happen? It’s a slow day with not much happening in the market and this
Read moreIf it will be attacked again, the same will be broken. It was very interesting on March 17./18. I followed the move here in my blog after FED, when there was a speculation that the BOJ has intervened in the market, after the pair rebounded for 100 pips sharply. But, soon after the move, officials from BOJ said that they don’t
Read moreWhile I am writing this analysis I see that the pair is sharply rebounded from the 110.60/70 area, in this moments back to 111.60 in a matter of few minutes. We could say that the stop loss hunting mission is completed or the BOJ is realy intervened. Let’s see what will happen next?
Read moreAs I pointed in my USD/JPY monthly chart from February 23., the pair have a strong support at 111.00 and when we take a look in weekly chart, we can see a double bottom at that support. There is still two days in this week, but if the pair close above the 113.40 resistance, the buyers could push the pair stronger toward
Read moreTough February for the US dollar in this pair, isn’t it!? Well, you already know that the BOJ scares investors here with the possible intervention, but in wich level they could really intervene? As I see in my Monthly chart, the pair is still supported with strong technical levels here above the 111.00, but if this level fail to hold in February, 105.00 could
Read moreEveryone loves CHF and JPY in these days, but the investors have fear of the possible SNB’s and BOJ’s intevention in the market. That’s why they have turned into US dollar in the last two days, Friday/Monday. It seams that ‘the talk’ from the central bankers wasn’t so innocent as we tought in the previous week and the market moves
Read moreTake a look at my 1 minute USD/JPY chart how the market reacts on talk of possible BOJ intervention. The pair has slammed in only 4 minutes, at fist two up for 170 pips and in the next two seconds down for 160 pips. As I see it, this wasn’t an BOJ intervention, just the huge market players reaction on the rumour
Read moreBOJ reduced the rates to negative during the Asian sesion and boost the pair up stong for 200 pips today. Daily chart showes that stong resistance at 120.30/60 is broken and daily MA100 at 120.60 as well. But, the pair must close the day above those levels, to confirm the same as potential supports. US GDP is coming up and it’s possible
Read moreI am following weekly charts in the last couple of days because of this. As You can see, the US dollar in on huge test here. For now, only USD/JPY have a possible breakout, but still not confirmed, it’s Wednesday. All others; EUR/USD, GOLD, USD index are still in range, bellow resistance or above the support. Take a look, it’s very
Read moreAfter Yellen speach, the US dollar bulls are flying high today. This is highest level from August 31. with 121.72 for now. This level is strong previous resistance in the last two months, 61.8 fibo return is on test, daily MA100 at 121.79 as well. If the bulls manage this level, this could become a new stong support and the
Read moreThe US dollar has strengthened against the Japanese yen for 7 days in a row, but the sellers were ready at the 121.40/60 again. In the last two days the pair has retreet bellow daily MA200 and reach 120.40, the level near the support at 120.20. This is the 9th week in which the pair is consolidating between levels 118.00 and
Read moreThere is more then 20 days behind us in wich USD/JPY is moving in between this two trend lines. It’s not strange move after the strom and biggest daily fall since 1998. Daily MA200 is helping the sellers at aprox 120.90 if the trendline fail, support on the 119.00/30 is the place for the buyers. Is it time for the pair to
Read moreYes, again after August 27. The pair broke daily MA200 at 120.80 today and closing the day above that level could provide a solid support in the coming days. If the pair close the day bellow, that level could become the first resistance on the way up. You can see at H4 chart that MA100 is broken as well, the bulls
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