Usd/Jpy

Forex Trading - USD/JPY Moving Averages Converge

Alex Chernomordin — Fri, 18 Jul 2008 06:12:39 -0400

As the USD/JPY pair has regained a bid into the current range, the 50 and 100 day moving averages have converged, as the Yen has sold off and some modest dollar strength is noticeable after a long week for the USD. The pair could trade in this range until there is some more indications/speculation about the state of the US economy.

Forex Trading - USD/JPY Holds the Channel

Alex Chernomordin — Thu, 10 Jul 2008 03:33:09 -0400

The USD/JPY chart below shows how the pair has held a strong upward channel since it hit the 105 handle at the end of June. Since then, the price action has stayed within the displayed range. Early in the European trading day, USDJPY looks poised to test daily resistance at the 107.38 level.

Forex Trading: USD/JPY set to test 200 day MA

Basil Fayad — Tue, 08 Jul 2008 18:40:11 -0400

USDJPY has been treading along the 200 day MA since it's first attempt to break through June 13th. It had a slight pull-back to 105.50/56 area and is looking to retest again at 107.60 A break through this key level could yield way to highs not seen since December of last year. NOTE: The pair has traded above the 200 day MA on a number of occassions but has not been able to close above the level. As a reuslt, the closing price will need to be above the price for the signal to kick in.

Forex Trading: USDJPY retracement

Basil Fayad — Thu, 03 Jul 2008 19:41:14 -0400

USDJPY has retraced from its high June 16 at 108.57 to the low June 30 at 104.97 to the 50% retracement level at 106.75 A break through this level could yield 61.8% retracement at 107.18. If resistance holds we could see a dip back down to former resistance which is now support at 106.34 and down to 105.85. CLICK PICTURE FOR LARGER CHART

Forex Trading: USD/JPY leading USD a little lower as the JPY crosses take it down...

Michael FX — Mon, 02 Jun 2008 04:10:41 -0400

USD/JPY leading USD a little lower as the JPY crosses take it down. GBP/JPY saw a nice follow through which got enough JPY paid it seems to take down USD/JPY.

Forex Trading: USD/JPY trying to get paid through trendline resistance...

Michael FX — Fri, 30 May 2008 07:13:03 -0400

USD/JPY trying to get paid through trendline resistance. If it is convincingly paid above the 105.60 level, we could see another set of refreshed bids in USD/JPY in NY session. Stochastics are looking pretty decent at this point as well.

Forex Trading: USD/JPY still drifting a little lower but slowly...

Michael FX — Fri, 30 May 2008 05:19:30 -0400

USD/JPY still drifting a little lower but slowly. Market is reluctant to sell off USD/JPY after yesterday's bid.

Forex Trading: USD/JPY rejected at its down trend line...

Michael FX — Fri, 30 May 2008 04:42:34 -0400

USD/JPY rejected at its down trend line. Stochastics don't look too healthy at this point either.

Forex Trading: USD/JPY seeing some profit taking near its highs...

Michael FX — Wed, 28 May 2008 06:09:11 -0400

USD/JPY seeing some profit taking near its highs. Moreover, stochastics are not looking too encouraging for the pair. GBP/JPY has also come off some as it is below the 207.00 figure level.

Forex Trading: Stalemate taking place at present in London...

Michael FX — Wed, 28 May 2008 04:42:22 -0400

Stalemate taking place at present in London. USD/JPY is feeling more firm, having GBP/JPY comfortably above the 206.40.