USDJPY

If you’ve been keeping an eye on the USDJPY currency pair, you’ll notice it’s currently moving within a rising price channel on the 4-hour chart. This pattern indicates that the pair is still in an uptrend, originating from the 141.64 level. As long as the price remains within this channel, we can anticipate further upward…

The USDJPY has continued its downward movement, dropping from 147.20 to a low of 139.57. Currently, the pair is moving within a falling price channel on the 4-hour chart. Current Downtrend Outlook As long as the channel resistance remains intact, we can expect the downtrend that started from 147.20 to persist. A breakdown below the…

The USDJPY currency pair has recently shown a significant downward movement, dropping from a high of 147.20 to a low of 143.18. This decline has resulted in a break below the crucial support level of 143.44. Currently, the initial resistance is set at 144.20. As long as this resistance holds, we can anticipate that the…

The USDJPY pair has rallied significantly from its recent low of 143.44 and is now testing a crucial resistance level. This situation presents both opportunities and risks for traders, depending on how price action unfolds in the coming sessions. Key Levels to Watch Resistance Levels Support Levels Potential Scenarios Bullish Case The current test of…

The USDJPY pair has recently broken above a key falling trend line visible on the 4-hour chart. This technical event suggests that the downside move from the recent high of 149.36 may have found its bottom at 143.44. Such a breakout often signals a potential trend reversal, making it a crucial moment for traders to…

USDJPY has been in decline, falling from a high of 149.36. The pair recently touched a low of 144.45. Short-Term Outlook: Big Picture View: Key Levels to Watch: What This Means for Traders: Remember, forex markets can be volatile, so always use proper risk management techniques in your trading.

The US Dollar to Japanese Yen exchange rate (USD/JPY) has been in a consolidation phase recently. Let’s break down what’s happening and what it could mean for traders in the near future. Current Situation USD/JPY has been trading sideways for several days, bouncing between two key levels: This range-bound movement could be seen as a…

On Monday, August 12th, the US Dollar briefly surpassed 148 against the Japanese Yen before pulling back. Let’s break down the recent movements and what they might mean for traders. Recent Developments Current Market Dynamics The USD/JPY pair has entered a phase of adjustment over the past few trading days. However, Jane Foley, Head of…

On Wednesday, August 7, the yen briefly dropped to a daily low of 147.88 against the US dollar. This decline followed remarks from Bank of Japan (BOJ) Deputy Governor Shinichi Uchida, who is a highly influential figure within the central bank. Uchida stated that “given the significant volatility in domestic and international financial markets, it…

The USD/JPY currency pair has been on quite a journey lately, and traders are keeping a close eye on its next moves. Let’s break down the recent price action and potential scenarios for this important forex pair. Recent Price Movements What to Expect in the Coming Days It looks like we’re in for some range-bound…

The USDJPY pair has shown interesting price action recently. After breaking above the top of the falling price channel visible on the 4-hour chart, the pair encountered resistance at 155.21. Subsequently, it dropped to 152.41, suggesting that the overall downtrend from 161.95 remains intact. Current Technical Picture Despite the brief breakout above the price channel,…

The USDJPY pair has recently shown signs of life, bouncing off the 151.93 level. This rebound is significant as it coincides with the bottom of the falling price channel visible on the 4-hour chart. What does this mean for traders? Let’s break it down. Short-Term Outlook In the coming days, we can expect to see…