USDJPY

Forex Trading: USDJPY testing its own 200 hour MA resistance now

Greg Michalowski — Thu, 03 Jul 2008 11:39:18 -0400

The USDJPY is testing the 200 hour MA at the 106.84 level. The 50% Retracement level is at 106.77. Watch these levels....

Forex Trading: USDJPY moving below the 200 hour MA

Greg Michalowski — Wed, 02 Jul 2008 17:06:07 -0400

The USDJPY tested the 50% retracement level of the move down from June 13th and held resistance. The pair reversed and is now moving back below the 200 hour MA at the 105.96 level.

EURJPY looks a little topish as well, having broken through an hourly trendline and string together three down hours in a row (see chart below).

Forex Trading: USDJPY Approaching Support

Mr. Danish FX — Tue, 01 Jul 2008 05:36:10 -0400

The USDJPY is approaching a key support level at 105.32. The next support level is at 103.85. The pivot has been around the 105.89 area.

Forex Trading: USDJPY approaches resistance at 106.34 to 106.44 area

Greg Michalowski — Mon, 30 Jun 2008 21:27:09 -0400

The level is the 38.2% retracement level of the move from the high on June 16th to the low on June 30th. Also have the high levels from yesterday providing resistance (up to 106.44)

Forex Trading: USDJPY approaches resistance

Greg Michalowski — Mon, 30 Jun 2008 11:46:12 -0400

As per the previous post, the USDJPY was able to hold the key 105.63 level, correcting to the 105.66 level, before finding the support bids and bouncing back higher (see earlier post by clicking here).

Forex Trading: USDJPY trying to bottom again

Greg Michalowski — Mon, 30 Jun 2008 08:57:00 -0400

The USDJPY sold off sharply last night moving below the 50% retracement level of the last leg up and ultimately tested the 61.8 retracement level at the 104.93 level (low 104.97) before bouncing. The pair has now made it back above the 50% level at the 105.63 level and has strung together 4 straight hourly up bars (see chart below). If the pair can remain above the 105.63 level today, the bottom may be in place. All bets are off if the pair goes below the 105.37 level.

Forex Trading: USDJPY has stopped the fall

Greg Michalowski — Sun, 29 Jun 2008 18:46:43 -0400

Forex Trading: USDJPY has bounced from the lows

Greg Michalowski — Thu, 26 Jun 2008 20:37:55 -0400

The closing level of 106.80 should provide support after the selloff failed to move below yesterdays low level.

Forex Trading: USDJPY being supported by interest in cross trades

Greg Michalowski — Wed, 25 Jun 2008 15:01:49 -0400

The 200 Day MA in the USDJPY comes in at 108.03 today. A close above this level will be bullish for the USDJPY.

EURJPY's old high was 168.92. Watch this level for support.

GBPJPY needs to break above 213.28 to solicit stops and movement to the next levels. 214.91 is the 38.2% retracement level of the move down from the highs and is the next target level in the medium term. See chart below.

Forex Trading: USDJPY moves back below the 100 hour MA

Greg Michalowski — Tue, 24 Jun 2008 21:51:50 -0400

The level comes in at 107.75. The market will use this level as resistance in the short term. A break back above 107.80 in the short term will neutralize the move.