• EURJPY To Resume Uptrend?

    EURJPY To Resume Uptrend?

    The EUR/JPY pair may resume its uptrend after it appears to have found some footing at around the 141.00 area. A confluence of supports here in the resistance of a failure swing bottom pattern and its uptrend line should be enough to carry the euro afloat against the Japanese yen. Moreover, a spinning top that

  • Potential Deep Slide In CADJPY

    Potential Deep Slide In CADJPY

    Bearish sentiment in the global financial markets led many investors to the relative safety of the of the Japanese yen in the last couple weeks. As you can see from the weekly chart of the CADJPY, the currency pair is now tip-toeing its major support around the 92.00 zone. Over the last several months, the

  • Start Of The GBPJPY DIP?

    Start Of The GBPJPY DIP?

    2014 may be a not so good year for the GBPJPY bulls as the pair appears to have just broken down from a head and shoulders (kilroy) pattern. After reaching a high of 174.84 last January 2, the Japanese yen eventually rallied against the Sterling pound, leading the pair below its neckline at 170.70. At

  • Waiting For The CADJPY Break

    Waiting For The CADJPY Break

    The Japanese yen has depreciated a lot as of late against most of the other majors like the USD, EUR, GBP, and CHF. Against the Canadian dollar, the yen has so far been holding its ground. As you can see from its daily chart, the CADJPY pair has just been merely trading sideways within a

  • Short Opportunity On Loonie-Yen Pair?

    Short Opportunity On Loonie-Yen Pair?

    August 28, 2013 (8:30 pm) – The CADJPY pair has rallied after it has fallen to a low of 92.27. However, the pair might see a resistance at its previous support at around 93.25. A presence of a hidden bearish divergence where the price marks lower highs while its stochastics draw higher highs plus an

  • Nice 1-hour Set-up On The CHFJPY

    Nice 1-hour Set-up On The CHFJPY

    August 8, 2013 (4:35 pm) – The CHFJPY pair has slipped to a low of around 104.40 after breaking below its previous low of 105.00. The pair, however, has rallied and made a ‘return move’ or a ‘throwback’ back to its former support at 105.00. As expected, the previous support switched its role to resistance

  • Will The USDJPY Rally?

    Will The USDJPY Rally?

    August 5, 2013 (3:48 pm) – After breaking out from a rectangle or box pattern and reaching a high of around 99.80, a weaker-than-expected NFP report in the US caused the USDJPY pair sharply fall. At present, the pair again is exchanging around its previous trading range’s resistance. If the 98.40 level revises its role

  • Chance To Ride The Missed EURJPY Breakout

    Chance To Ride The Missed EURJPY Breakout

    The EURJPY pair previously broke out from a continuation inverted head and shoulders pattern. This occurred when the euro surged against the Japanese yen to bring the pair over its resistance at 132.00. Following the breakout, the pair rose to a high of around 132.70. Since reaching the mentioned high, the pair has weakened and

  • USDJPY Bound For Another Leg Down?

    USDJPY Bound For Another Leg Down?

    The USDJPY pair appears to be poised for another drop as it forms a symmetrical triangle off a downtrend. As you know, there is a downside bias here since there is an overall bearish sentiment on the US dollar as of late. A breakdown from the symmetrical triangle may at least send it to its

  • Positive Reversal Seen On NZDJPY

    Positive Reversal Seen On NZDJPY

    The NZDJPY pair may resume its uptrend after correcting from a high of 79.75 to around 79.15. As you can see from its 1-hour chart, the New Zealand dollar or the Kiwi as they call it on the streets is still tracking on an uptrend versus the Japanese yen. Now the pair is already trading