Posts Tagged by usd/jpy

Forex Analysis on Majors – Weekly Summary February 3

Forex Analysis on Majors – Weekly Summary February 3 Cory Mitchell, CMT As the week of February 3 comes to a close we look to what is expected for next week, and what transpired over the last week of trading. Forex analysis on majors is the focus: EUR USD, GBP USD, CHF USD and USD…

Moves in USD/JPY, EUR/USD, EUR/CAD and USD/CAD: What Happened Today?

I am writing this quickly since I am getting quite a few emails about what went on today in the currency markets.  So please forgive me if there are some grammar errors… It is all over the place.  Headlines like “Yen hits new highs” “volatility surges” “CAD pounded” and the like with the EUR/CAD making…

USD/JPY Potential Trade Set-Up

The pair has seen a nice run up over the last 24 hours, but is now starting to consolidate.  This sets up a high reward to risk trade. A break above 95.30 (+about 5 pips or so) will trigger a buy and an overall target of 160 pips, or 96.90. A break below 94.70 (-5…

Revisiting and Reanalyzing the USD/JPY Forex Pair

Here is a great video and analysis on the USD/JPY pair.  A couple things I will point out about this video as you watch it: Markets very often break out out of a formation, and then move back to test the breakout point.  Many traders bail out of the trade here, taking a loss on…

USD/JPY Forex Video – Where is this Currency Pair Going?

So I was about to do an analysis of the USD/JPY and then I was sent this video which is basically exactly what I was going to say.  If you follow any of my analysis, I use a a lot of chart patterns.  You can learn what patterns I like to trade, and how to…

USD/JPY Breaks Major Support – Heading Lower Still?

Yesterday the pair tore through support in the 94.00 area.  A drop of that magnitude was not expected – the pair had almost a 300 pip move! The drop does signify a longer term down trend is about to begin with the target being 87.00.  Intermediate support is expected between 90.00 and 89.50. Currently the…

USD/JPY Day Trading Signal – 30 Min Chart- June 22

The pair is in a sharp downward sloping wedge. The interesting thing is this wedge’s apex is right at the major support level of 95.60.  Thus, this wedge can give us an early indication of which way the market is likely to act off this support level. From the chart you can see the trendlines…

USD/JPY Overview – Daily Chart Analysis – June 17

If you look on the USD/JPY daily chart I have attached below there a few interesting things to point out. The first is the the pair is trading in a large range.  This means that breakouts within the range may be stifled from reaching their full potential unless a break of the larger daily range…

USD/JPY Day Trade or Swing Trade Idea – May 27

May 27, 5:46 PM GMT The pair is in a ascending trend channel on the hourly chart which provides several possible trade alternatives. Trades can be entered near the upper or lower trend lines, with profit targets just beyond the half way point of the channel (approx. 30-40 pips), or the more aggressive target is…

USD/JPY Forex Day Trading Signal – 15 Min Chart

May 19, 6:32 AM GMT The USD/JPY has consolidated, narrowing its range over the last several hours.  This has created a triangle formation. Currently the upper trend line is offer resistance at 96.45, although this will decrease over time as the line is downward sloping.  A break above this level will offer a profit target…

USD/JPY Forex Day Trading Signal – 15 Min Chart

May 07 6:05 AM GMT The following is a forex market commentary based on technical analysis for the USD/JPY currency pair. It is based off of a 15 minute chart. Trading ideas or trading signals can be generated based on your own risk tolerance and time frame. Please read the latest How to Use the…

USD/JPY Forex Swing Trade Idea – 4 Hour Chart

April 29 7:35 GMT The following is a forex market commentary based on technical analysis for the USD/JPY currency pair. It is based off of a 4 hour chart. Trading ideas or trading signals can be generated based on your own risk tolerance and time frame. Please read the latest How to Use the Trade…

USD/JPY Forex Swing Trade Analysis – 30 Min Chart

April 23 18:15 GMT The following is a forex market commentary based on technical analysis for the USD/JPY currency pair. It is based off of a 30 minute chart. Trading ideas or trading signals can be generated based on your own risk tolerance and time frame. A triangle is forming on the USD/JPY 30 minute…

USD/JPY Forex Swing Trade Signal and Set-UP

The USD/JPY pair broke above the 99.50 resistance level a few days ago, and has since retreated. The retreat took the pair back to a low 99.30 – right near the top of the old resistance area. The fact the market held this level, combined with a strong day today which is pushing the price…