• 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 […]

  • USDJPY is approaching resistance, potential drop!

    Price is approaching our first resistance at 108.80 (horizontal overlap resistance, 100% Fibonacci extension, 38.2% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 106.66 (horizontal overlap support, 100% Fibonacci extension, 38.2% Fibonacci retracement). Stochastic (55,5,3) is also approaching our major resistance and seeing a […]

  • USDJPY reacted off resistance, further potential drop!

    Price reacted off our first resistance at 107.49 (horizontal swing high resistance, 61.8%, 100% Fibonacci extension, 23.6% Fibonacci retracement) and a strong reaction might occur below this level, pushing price down to our major support at 107.05 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement). Stochastic (55,5,3) is also approaching our major resistance and […]

  • USDJPY approaching support, potential bounce!

    USDJPY is approaching our first support at 106.655 (horizontal overlap support, 61.8% Fibonacci extension, 50% Fibonacci retracement). A strong bounce might occur above this level, pushing price up to our major resistance at 107.13 (horizontal pullback resistance, 61.8% Fibonacci retracement, 61.8% Fibonacci extension). RSI (55) is also approaching our ascending support line and a bounce […]

  • USDJPY testing resistance, watch for potential drop!

    Price is approaching our first resistance at 107.12 (61.8%, 100% Fibonacci extension, horizontal swing high resistance, 23.6% Fibonacci retracement). A strong reaction might occur below this level, pushing price down to our major support at 106.16 (horizontal swing low support, 61.8% Fibonacci extension). Stochastic (21,5,3) is approaching our major resistance and we might see a […]

  • USDJPY approaching support, potential rise!

    USDJPY is approaching our first support at 105.55 (61.8% Fibonacci retracement, 100% Fibonacci extension). A strong bounce might occur at this level, pushing price up to our major resistance at 106.12 (38.2% Fibonacci retracement, Horizontal pullback resistance). Stochastic (21,5,3) is also approaching its major support at 12%, in line with the potential downside before price […]

  • USDJPY is approaching support, potential bounce!

    USDJPY is approaching our first support at 105.82 (horizontal pullback support, 50% Fibonacci retracement, 61.8% Fibonacci extension). A strong bounce might occur at this level pushing price up to our major resistance at 107.02 (horizontal swing high resistance, 23.6% Fibonacci retracement). Stochastic (55,5,3) is also approaching our support at 5%, in line with the potential […]

  • USDJPY approaching support, watch for breakout!

    USDJPY is approaching our first support at 105.26 (horizontal overlap support, 50% Fibonacci retracement, 100% Fibonacci extension). A breakout of this level might cause a strong reaction, pushing price down to our major support at 104.62 (horizontal swing low support, 61.8% Fibonacci extension). RSI (89) is also seeing a short squeeze and is approaching its […]

  • USDJPY watch for breakout!

    USDJPY broke out of its horizontal resistance-turned-support level at 105.60 (horizontal overlap support, breakout level). A strong bounce could occur at this level pushing price up to our major resistance at 106.67 (horizontal swing high resistance, 76.4% Fibonacci retracement, 100% Fibonacci extension) which coincides with the long term descending resistance line. A breakout of our […]

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 105.27 (horizontal overlap resistance, 23.6% Fibonacci retracement, 61.8% Fibonacci extension). A strong reaction might occur at this level, pushing price down to our major support at 104.63 (100% Fibonacci extension, horizontal swing low support). RSI (34) is also approaching our major resistance line at 54%, in line with […]

  • USDJPY approaching resistance, potential drop!

    USDJPY is approaching our first resistance at 105.25 (horizontal pullback resistance, 100% Fibonacci extension, 23.6%, 38.2%, 50% Fibonacci retracement). A strong reaction might occur at this level, pushing price down to our major support level at 104.65 (horizontal swing low support). Stochastic (21,5,3) is also bouncing off its major support at 5.5%, in line with […]

  • USDJPY approaching support, potential bounce!

    USDJPY is approaching our first support at 105.63 (horizontal swing low support, 61.8% Fibonacci extension, 78.6% Fibonacci retracement). A strong bounce might occur at this level pushing price up to our major resistance at 106.64 (horizontal swing high resistance, 61.8% Fibonacci retracement, 100% Fibonacci extension). A breakout of our intermediate resistance level at 106.08 (Horizontal […]

  • USDJPY approaching its major resistance, potential drop!

    USDJPY is approaching its major resistance at 106.43 (horizontal overlap resistance, 50% Fibonacci retracement, 100% Fibonacci extension). A strong reaction might occur at this level pushing price down to our next major support at 105.63 (horizontal swing low support) which coincides with our short term ascending support line. Stochastic (21,5,3) is approaching its major resistance […]

  • USDJPY testing major support, potential rise!

    USDJPY is testing its major support at 105.83 (78.6% Fibonacci retracement, horizontal overlap support). A strong reaction could occur at this level, pushing price up to our next major resistance at 106.41 (horizontal overlap resistance, 50% Fibonacci retracement, 61.8%, 100% Fibonacci extension). A break out of the short term descending resistance line would provide further […]

  • USDJPY approaching major support, potential rise!

    USDJPY is approaching its major support at 105.84 (78.6% Fibonacci retracement, horizontal overlap support, 61.8%, 100% Fibonacci extension). A strong reaction might occur at this level pushing price up to our next major resistance at 106.37 (horizontal overlap resistance, 38.2% Fibonacci retracement, 61.8% Fibonacci extension). Stochastic (34,5,3) is also seeing a bullish divergence, a good […]