19 years in trading
Yesterday’s panic button crush the pair down for more then 4%, what was the biggest daily fall since 1998., but the pair has found buyers near 116 and recovers until end of the day to 118.20/30, where the buyers have formed the new strong support, exactly at 23.6 fibo return from the 124.50 > 116.15 fall. Today, the buyers have
Read moreUSD/JPY opened the week with -50 pips gap at 122.33 and that was the low of the day at my platform, from where the pair start to rise, broke strong resistance at 122.80/123.00 easy and it didn’t stop until 123.49, the high of the day for now, where the pair has found a resistance in the last 6 hours. Support
Read moreThe pair slided on Wednesday for 200 pips in fear of the stock markets crush and reached an important suport level at 120.40/60, which I pointed in my analysis from July 08. The buyers were ready there and took over the control, after wich they have pushed the pair back to the beggining, only two days latter. Here we are, 100%
Read moreUSD/JPY is falling like a rock from the start of the day, Japanese currency has strengthened 1,55% today versus US dollar. The pair opened the day at 122.55 after wich is fell for almost 200 pips, wich is not usual here and it reached 120.61 low for now. Daily MA100 is broken at 121.01, it looks like there is no
Read moreIn the last two days, the US dollars bulls are stubborn and they don’t want to take a brake here. But, the pair is aproached previous resistance at 123.75/85 and H4 down trend line now. The pair pass true the H4 MA100&200 and that could be a solid support now at 123.00 if the pair retreet back. USD/JPY still didn’t cover
Read moreLet’s take a look at USD/JPY and gold at the end of the week. Both charts tell us that there no risk at all, despite all the drama which is presented from the Greece/EU deal. USD/JPY started the week with support from the previous week as well, at 122.55, after wich the pair has reached the previous resistance at 124.20
Read moreThe bulls are trying to brake 123.75 for third day in a row and they wan’t give up. In the last two days, Friday/Monday, the pair was supported at 123.13/14. Fantastic accuracy beacuse only one pip low difference in two days, but on the other side, the sellers are ready here at 123.65/75 as well and they are serious. Is this
Read moreKuroda had crashed Jen early today with his mixed comments, Amari recovered the Japanese currency latter. After Kuroda’s speech, USD/JPY fell for almost 200 pips and stoped the fall at 122.45, after wich the pair had halted there for a while, until Amari didn’t said, that Kuroda’s speech is misunderstood in the market!? Well, what ever that means, USD/JPY has recovered
Read moreUSD/JPY broke the previous resistance and reached 8 years high, 122.74 for now, but what important is that, June/2007. is in sight now and that could be next target for the bulls. Sure, that’s not near the all time high at this pair, but it’s important level to cover for the US dollar. For sure, sellers are placed bellow this resistance,
Read moreUSD/JPY came out of the tight range yesterday. The pair try to push higher but it didn’t manage to brake 120.30/40, after wich has fall down under previous support at 119.90/120.00. You can see in this smaller H4 chart, how precise is movement around the trendline, inner and outer or support/resistance. The pair had retret back to 119.63 low for now, aiming
Read moreAfter the pair reached 120.19 on Friday, in the last two days USD/JPY is stuck at the same level on the way up, supported at 119.90/120.00 on the way down. The pair looks bullish today but this level looks like a pretty strong resistance. If US dollar manage to brake this, 120.60/80 could be the next target, on the way down 119.90/120.00 is first
Read moreWhat to write about this pair? For several times I wrote that on each decline buyers are ready to react strong and it happens agian. The pair touched 118.30 low in Thursday, the previous support from February, where buyers have reacted emediately and pushed the pair back in the same day, all the way to 119.30, to the first stronger resistnace.
Read moreUSD/JPY declined today to 118.32 low during the day, where the pair find strong support and buyers, which has returned the pair up to 119.00 at the time I am writing this analysis. As you can see in my analysis, 118.30 is previous strong support from February and that would not be easy to brake down. On the way up, first
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