• 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

  • 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

  • USDJPY To Move Higher Again?

    USDJPY To Move Higher Again?

    The USDJPY pair has corrected back to around 100.80 after hitting a high of 101.50. Now the US dollar may strengthen again against the Japanese yen as the pair finds support at 100.80.