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  1. USD/JPY: Bullish Pattern

    by , 05-23-2019 at 11:09 AM
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    We are tracking a bullish 5-3 wave pattern for USD/JPY. This is where you have a 5 wave motive wave to start a new trend followed by a three wave partial retracement.

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    The motive wave began on January 2, 2019 and carried to March 5, 2019. From there, a sideways flat pattern carved in three waves labeled (a)-(b)-(c). The wave structure from the May 13 low appears to be a leading diagonal pattern. ...
  2. Japanese Yen Technical Analysis: USDJPY Daily Bullish

    by , 04-15-2019 at 10:39 AM
    The Japanese Yen has returned to the defensive against the US Dollar after a period of daily-chart strength last week, with USD/JPY well illustrating the value of Fibonacci retracement levels to technical analysis.

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    Between April 7 and 10 the pair retreated below the uptrend channel which had previously bounded trade since the lows of March 25. A surge in market risk aversion saw the Dollar and Yen locked in a ‘battle of the havens’ which ...
  3. US Dollar Surges versus Yen - Focus shifts to FOMC Minutes and Fed policy as correlations to yields surge

    by , 11-21-2014 at 12:27 AM
    The US Dollar continues to surge versus the downtrodden Japanese Yen. What could determine whether the USDJPY breaks even higher?

    Source: FXCM

    Strong Correlations to US Treasury Yields Keep the US FOMC Minutes, Fed Policy in Focus

    ...
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  4. USDJPY Technical Analysis - Bearish Engulfing Pattern Finds Confirmation

    by , 10-04-2014 at 06:50 PM
    • USD/JPY Technical Strategy: Sidelines Preferred
    • Bearish Engulfing Pattern Finds Confirmation
    • Close Below 108.00 Floor May Open 107.00

    USD/JPY is at a critical juncture as the confirmation of a Bearish Engulfing formation warns of a deeper setback for the pair. A close under the 108.00 floor would be required to open the next leg lower to the 107.00 barrier.

    Bearish Engulfing Pattern Receives Confirmation
    ...