USDJPY Rebounds and Tests Major Downtrend Line Resistance

The Chicago Fed President Charles Evans, a FOMC voting member, made a speech yesterday. Evans is regarded as a dove in the FOMC. He stated that he supports gradual interest rate hikes, three rate hikes this year are not unreasonable, as he foresees Trump’s fiscal policies will likely boost inflation and economic growth. In addition, […]

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Dukascopy: Movers and Shakers Friday 13th January 2017

Good morning traders, it’s time for this week’s last Support and Resistance Level Report. Euro/Dollar is trading in the range limited by R1 of 1 0640 and S1 of 1 06. Price Channel Indicator Upper Line is among the 3 studies for R2, and R1 counts Bollinger Upper Band among its 2 models. R3 is […]

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Dukascopy: FX Midday Snapshot 12th January 2017

It’s 12 o’clock on this Thursday and it’s time for the Dukascopy Midday Snapshot. Euro/Dollar has been on a rise and it has resulted in a gain of point 54%. The pair sees 53% more than average funds and neutral sentiment of the market players is 9% short. Gradual rise makes a successful morning session […]

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USD/JPY and AUD/USD Forecast — July 15th 2016

In this video, the Trader Guy looks at the currency pairs, USD/JPY and AUD/USD for the July 15th session. USD/JPY — As you can see that we did break above the 105.00 level, that was a pretty crucial area. It was previously resistance and now we have broken above there. A break above the top of the range on Thursday, it is time to start going long. Pullbacks at this point in time will […]

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USD/JPY and NZD/USD Forecast — July 14th 2016

In this video, the Trader Guy looks at the currency pairs, USD/JPY and NZD/USD for the July 14th session. USD/JPY — This is a market that initially fell down to the 104.00 level initially and then bounced around to form a nice looking hammer. A break above the hammer and the 106.00 level, I think it changes the trend completely and we continue to go higher. Obviously this is in reaction to the Bank of Japan possibly threatening things with […]

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USD/JPY and NZD/USD Forecast — July 13th 2016

In this video, the Trader Guy looks at the currency pairs, USD/JPY and NZD/USD for the July 13th session. USD/JPY — We rallied pretty drastically during the day. So, really at this point in time, we are testing the 105.00 level. Having said that, this is an area that I suggested previously would be resistive and I think it goes to the 106.00 level. With that being the case, this is an area that […]

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USD/JPY and NZD/USD Forecast — July 12th 2016

In this video, the Trader Guy looks at the currency pairs, USD/JPY and NZD/USD for the July 12th session. USD/JPY — It looks like the USD/JPY took off to the upside on Monday, I believe that this has something to do with the fact that the Japanese did not have any opportunity to react to the better than anticipated Non Farm Payroll number until now. So, with this, it looks like we are […]

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USD/JPY and NZD/USD Forecast — July 11th 2016

In this video, the Trader Guy looks at the currency pairs, USD/JPY and NZD/USD for the July 11th session. USD/JPY — It looks to me that we are going to continue to see volatility, but the only thing that I am paying most attention to, is the 100.00 level. The fact that it is a bit of line in the sand as far the Bank of Japan is concerned. I think traders will be concerned about holding […]

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USD/JPY and AUD/USD Forecast — July 8th 2016

In this video, the Trader Guy looks at the currency pairs, USD/JPY and AUD/USD for the July 8th session. USD/JPY &mdashp; We did in fact fall during the course of the day on Thursday, but we are still well within the hammer that was formed on Thursday and probably even more importantly, still above the 100.00 level. Now this is an area that the Bank of Japan will probably defend given enough time. So, […]

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USD/JPY and AUD/USD Forecast — July 7th 2016

In this video, the Trader Guy looks at the currency pairs, USD/JPY and AUD/USD for the July 7th session. USD/JPY — We fell initially, but found enough support near the 100.00 level to turn things around and bounce to form a nice looking hammer. A break above the top of this hammer, I think sends this market looking for 103.50, possibly above there to 105.00 level. Having said that, I also recognize that the market […]

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USD/JPY and AUD/USD Forecast — July 1st 2016

In this video, the Trader Guy looks at the currency pairs, USD/JPY and AUD/USD for the July 1st session. USD/JPY — We initially fell during the session on Thursday, but turned around to form a hammer like candle for the second day in a row. I think there is a lot of noise just above 105.00 though. With 104.00 being the beginning, we have resistance upto 105.00, a region of resistance. So, I am waiting to see if […]

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USD/JPY and AUD/USD Forecast — June 30th 2016

In this video, the Trader Guy looks at the currency pairs, USD/JPY and AUD/USD for the June 30th session. USD/JPY — We initially fell, but then turned right back around to form a hammer. That being the case, it looks like as if we are going to try to grind our way higher and this market looks like it has got some buying pressure. But there is a lot of selling […]

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Daily analysis of USD/JPY for June 29, 2016

Overview The USDJPY pair showed some positive trading yesterday settling near 102.70, as long as the price is below 103.80 levels. So our overall bearish trend expectations will remain valid and active, where a breach of this level represents a positive factor that will make the price test 106.63 levels before any new attempt to […]

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USD/JPY and AUD/USD Forecast — June 29th 2016

In this video, the Trader Guy looks at the currency pairs, USD/JPY and AUD/USD for the June 29th session. USD/JPY — We did bounce a bit during the session on Tuesday as we got a bit of a relief rally around the world. However, I think this pair is going to be difficult to trade, mainly because we have concerns about the Bank of Japan intervening. They are going to lose their sense of humor if we […]

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Technical analysis of USD/JPY for June 29, 2016

In Asia, Japan will release the Retail Sales y/y, and the US will release some economic data such as Bank Stress Test Results, Crude Oil Inventories, Pending Home Sales m/m, Personal Income m/m, Personal Spending m/m, and the Core PCE Price Index m/m. So there is a probability the USD/JPY will move with low to […]

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USD/JPY and AUD/USD Forecast — June 28th 2016

In this video, the Trader Guy looks at the currency pairs, USD/JPY and AUD/USD for the June 28th session. USD/JPY — We actually did not do much during the day and as it may surprise some of you, but it does not surprise me due to the fact that the Bank of Japan has recently stated that they are paying attention to the currency markets. I believe that the 100.00 level down here is […]

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USD/JPY and AUD/USD Forecast — June 27th 2016

In this video, the Trader Guy looks at the currency pairs, USD/JPY and AUD/USD for the June 27th session. USD/JPY — We fell rather significantly during the course of the session here on Friday as the 105.00 level offered way too much in the way of resistance and of course we had quite a bit of negativity due to the fact that the United Kingdom voted to leave the European Union, that was a risk-off event. We fell all the way down […]

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US Dollar JAPANESE YEN CFD Live Price Chart

Related Posts:Australian dollar surges as RBA announces unexpected rate… May 2, 2023 The Australian dollar rose after the Reserve Bank of Australia…Technical Analysis of Daily Price Movement of Nasdaq 100… May 2, 2023 If we look at the daily chart, the Nasdaq 100…Technical Analysis of Daily Price Movement of Natural Gas… May 2, 2023 On […]

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USD/JPY Live Chart – Dollar Yen

Free Dollar Yen Live Chart.The yen (sign: ¥; code: JPY) is the currency of Japan. It is the third most-traded currency in the foreign exchange market after the euro and the United States dollar.[citation needed] It is also widely used as a reserve currency after the U.S. dollar, the euro and the pound sterling. As […]

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