• USDJPY approaching support, potential bounce!

    USDJPY is approaching our first support at 111.25 (horizontal pullback support, 61.8% Fibonacci extension, 23.6% Fibonacci retracement) where a strong bounce could occur pushing price up to our resistance at 114.86 (horizontal swing high resistance, 100%, 61.8% Fibonacci extension, 76.4% Fibonacci retracement). RSI (34) is approaching support where we might see a corresponding rise in […]

  • USDJPY approaching resistance, potential drop!

    Price is approaching our first resistance at 113.80 (horizontal swing high resistance, 61.8% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 111.35 (horizontal pullback support, 23.6%, 50% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (89,5,3) is also approaching resistance and a reaction below this level […]

  • USDJPY approaching resistance, potential drop!

    Price is approaching our first resistance at 113.36 (horizontal swing high resistance, 61.8% Fibonacci retracement) where a strong reaction might occur below this level pushing price down to our major support at 111.36 (horizontal pullback support, 23.6%, 50% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (34,5,3) is also seeing a bearish divergence an is reacting off […]

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 112.00 (horizontal pullback resistance, 76.4% Fibonacci retracement, 61.8%, 100% Fibonacci extension, long term descending resistance line) and a strong reaction might occur below this level pushing price down to our major support at 109.21 (horizontal swing low support, 38.2%, 76.4% Fibonacci retracement). Stochastic (55,5,3) is approaching its resistance […]

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 111.96 (horizontal pullback resistance, 61.8%, 100% Fibonacci extension, 78.6% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 109.31 (horizontal swing low support, 38.2%, 76.4% Fibonacci retracement). Stochastic (89,5,3) is also approaching our resistance line and we might […]

  • USDJPY approaching resistance, potential drop!

    Price is approaching our first resistance at 110.22 (horizontal swing high resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension) and a strong drop could occur below this level pushing price down to our major support at 108.88 (61.8%, 100% Fibonacci extension, 76.4% Fibonacci retracement). A breakout below our intermediate support at 109.37 (horizontal swing low support, […]

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 111.42 (horizontal overlap resistance, 50%, 61.8% Fibonacci retracement) and price might drop to our major support at 108.12 (horizontal swing low support, 100% Fibonacci extension). Stochastic (89,5,3) is also approaching our resistance where we might see a corresponding drop in price. Trading CFDs on margin carries high risk. […]

  • USDJPY testing resistance, potential drop!

    USDJPY is testing our first resistance at 110.83 (horizontal overlap resistance, 78.6% fibonacci retracement, 61.8%, 100% fibonacci extension) and a strong reaction might occur below this level pushing price down to our major support at 109.94 (horizontal swing low support, 38.2 fibonacci retracement, 61.8%, 100% fibonacci extension). RSI (89) is also approaching our resistance where […]

  • USDJPY testing major resistance, potential to plunge!

    USDJPY is testing major resistance at 110.95 (Fibonacci retracement, Fibonacci extension, Elliott wave structure, bearish harmonic formation) and a strong drop could occur from here to push price all the way down to major support at 108.89 (Fibonacci retracement, horizontal swing low support). We do have to be wary of intermediate support at 110.00. Stochastic […]

  • USDJPY in a strong ascending channel, potential for further rise!

    USDJPY remains in a strong ascending channel and is also above our Ichimoku cloud signalling that there’s strong bullish momentum. Price could potentially drop to our first major support at 109.98 (Fibonacci retracement, Fibonacci extension, horizontal pullback support) for a bounce to at least 110.86 resistance (major 61.8% Fibonacci retracement). RSI (89) has made a […]

  • USDJPY approaching support, potential bounce!

    Price is approaching our first support at 109.24 (horizontal overlap support, short term ascending support line, 61.8% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 110.33 (horizontal overlap resistance, 61.8% Fibonacci retracement). A breakout above our intermediate resistance at 109.97 (horizontal swing high resistance, 50% […]

  • USDJPY testing support, potential bounce!

    Price is testing our first support at 108.76 (horizontal swing low support, 23.6% Fibonacci retracement) which coincides with our short term ascending support line. A strong bounce might occur above this level, pushing price up to our major resistance at 110.33 (horizontal overlap resistance, 61.8% Fibonacci retracement). Stochastic (89,5,3) is also approaching our major support […]

  • USDJPY testing support, watch for breakout!

    USDJPY is testing our first support at 109.01 (horizontal swing low support, 23.6% Fibonacci retracement). A breakout below this level might cause a strong reaction to occur, pushing price down to our major support at 107.92 (horizontal pullback support, 38.2%, 50% Fibonacci retracement). Ichimoku cloud is also showing signs of bearish pressure, in line with […]

  • USDJPY is approaching resistance, potential drop!

    Price is approaching our first resistance at 109.73 (horizontal swing high resistance, 50% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 108.30 (horizontal swing low support, 23.6% Fibonacci retracement, 100% Fibonacci extension) which coincides with our short term ascending support line. Stochastic (55,5,3) is also […]

  • USDJPY approaching resistance, potential breakout!

    Price is approaching our intermediate resistance at 109.25 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8% Fibonacci extension) and a breakout above this level might push price up to our major resistance at 110.32 (horizontal overlap resistance, 61.8% Fibonacci retracement). Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias. RSI […]