• Elliott Wave Strategy USDJPY – Look for 75.55 Before a Bounce

    USDJPY - Look for 75.55 Before a Bounce
  • Ichimoku Report May 3rd

    EURUSD - Shot Down by the Kumo, 1.3000 in its sightsAfter kissing the kumo (which ended up being a kiss of death) the pairhas sold off 3 straight weeks and found much lower ground.  However theprice action has been finnicky with the pair finding plenty of downsiderejections with the last 7 down-clo...
  • USDJPY: Corrective Pullbacks To Target The 91.21 Level.

    With pressure continuing to build to the downside following its loss of momentum at the 93.74, threats of further downside looks to shape up towards its Jan 08'10 low at 91.21.
  • USDJPY - technical Strategy

    The pair has increased the risk of further strength towards its weekly channel top currently located at 93.36 having decisively broken and closed above the 92.31 level, its Oct 27'09 high. Although its immediate risk remains to the upside following its recovery triggered off the 84.80 level, its 2009 low, USDJPY still retains its overall downside weakness started at the 101.43 level in early April'09.
  • USDJPY - Weekly trading Strategy

    Having wiped our its previous week declines following a rally off the 88.60 level, its Dec 15'09 low, risk of further upside gains has shifted to its Dec 04'09 high at 90.77. While our broader bias on the pair in the medium term remains lower, continued upside gains through the mentioned level will clear the way for a run at its Nov 04'09 high at 91.31 with a loss of there creating additional strength aiming at the 92.31 level, its Oct 27'09 high.
  • USDJPY: Reverse Downside Losses On Bullish Engulfing Pattern.

    Having wiped our its previous week declines following a rally off the 88.60 level, its Dec 15'09 low, risk of further upside gains has shifted to its Dec 04'09 high at 90.77.
  • USDJPY - Daily technical Strategy

    The pair followed through lower on its previous week losses breaking below the 89.16 level, its Nov 01'09 low and testing a low of 88.63 level before closing at 88.84 on Friday. USDJPY continues to look heavy and weak suggesting that further downside should shape up towards the 88.82 level, its Oct 14'09 high at first with a firm violation of there turning focus to its Oct 07'09 low at 88.00 and then its Jan'09 low at 87.10.
  • USDJPY - Daily technical Strategy 11/18/2009

    USDJPY - The pair was seen hesitating today failing to follow through higher on its Tuesday recovery. That failure could see the pair weaken towards its Nov 17'09 low at 88.72 where a break if seen will drive it further lower towards its Oct 07'09 low at 88.00.
  • USDJPY - Daily technical Strategy 11/16/2009

    USDJPY - The pair remains heavy and weak having closed lower the past week .It continues to retain its shorter term negative outlook and looks for further downside pressure towards its nearby support at its Nov 01'09 low at 89.16 followed by the 88.82 level, its Oct 14'09 high and then its Oct 07'09 low at 88.00.
  • Daily Technical Strategies 10/11/2009 JPY

    USDJPY- Although the pair continues to hesitate trading flat on Monday, as long as it holds below its Nov 04'09 high and trades within its falling channel, we retain our bearish short term view on USDJPY. In such a case, the 88.82 level, its Oct 14'09 and its Oct 07'09 low at 88.00 are seen as the next downside objectives with a loss of the latter putting the pair on the path towards its Jan'09 low at 87.10.
  • Daily Technical Strategies 06/11/2009 JPY

    USDJPY- Although USDJPY reversed its intra day losses to close higher on Thursday, while holding below the 91.31 level and within its falling channel, threats remain to the downside. With weakness currently seen, lower prices should develop towards the 90.06 and the 89.97 levels with a clearance of there targeting the 88.82 level
  • Daily Technical Strategies 26/10/2009 JPY

    USDJPY - Outlook for USDJPY though nearer term higher, is largely bearish short and medium terms suggesting its current recovery is corrective of its declines triggered off the 101.43 level in April'09. More evidence of this view is provided by its falling channel patterns both on the weekly and daily charts and the immediate risk is for that channel resistance currently at the 92.70 level to be tested and eventually turning off the pair.
  • Daily Technical Strategies 13/10/2009 JPY

    USDJPY- The pair reversed its intra day gains and closed lower on Monday printing a shooting star candle(top reversal signal). With that seen, a follow through lower now seen is expected to confirm the efficacy of that candle pattern suggesting lower prices towards the 88.00 level where an invalidation will turn focus to the 87.10 level (bottom).
  • Daily Technical Strategies 05/10/2009 JPY

    USDJPY -While we still maintain our medium term bearish structure view on USDJPY, its recovery generated off a hammer low at 88.59 on Friday continues to build up strength slowly. That puts immediate risk to the upside suggesting further higher upmove could be shaping up towards its Sept 30'09 high at 90.40 where a violation will create scope for further recovery higher towards the 91.57 level, its Sept 24'09 low.
  • Daily Technical Strategies 26/09/2009 JPY

    Loss of price momentum at 92.52 level, its Sept 21'09 high saw the pair reversing all of its past week gains and breaking below its key support residing at the 90.11 level to test a low of 89.50 today. With the continuation of its short term downtrend triggered at the 101.43 level, its 2009 high, USDJPY should weaken further with its Dec'09 and Jan'09 bottoms at 87.10 seen as the next strong targets where a clean invalidation will open the door for further downside towards the 86.00 level and th...
  • USDJPY: Recovery Higher Highlights The 93.08 Level

    USDJPY- Although USDJPY retains its overall downside outlook started off t he 101.43 level, nearer term recovery higher triggered at the 90.11 level, its Sept 16'09 low following its recent declines now looks to target the 93.08 level, its July 22'09 low
  • Daily Technical Strategies 21/09/2009 JPY

    Although USDJPY retains its overall downside outlook started off t he 101.43 level, nearer term recovery higher triggered at the 90.11 level, its Sept 16'09 low following its recent declines now looks to target the 93.08 level, its July 22'09 low.
  • EURUSD Forecast to Rise Further and Test 1.45

    This is article is released weekdays under the heading Daily Fundamentals at 5pm EST on www.dailyfx.comNearly 65 percent of traders are short EURUSD and many investors are leaving their protective stop-losses slightly above 1.43. Under these circumstances is very risky to take additional shorts in...
  • Forex Sentiment Indicator Forecasts EURUSD Losses Following NFP's

    This is article is released weekdays under the heading Daily Fundamentals at 5pm EST on www.dailyfx.comEURUSD - Euro Forecast to Decline Further on Shift in Forex Sentiment GBPUSD - British Pound Outlook Remains Bearish on Sharp Sentiment Shifts USDJPY - Japanese Yen Outlook Modestly Bullish Again...
  • Crowds Buy into US Dollar Weakness, Signaling Losses Likely

    This is article is released weekdays under the heading Daily Fundamentals at 5pm EST on www.dailyfx.comEURUSD - Sentiment Points to Further Euro Gains versus US Dollar GBPUSD - British Pound Could Rally Further on One-Sided Sentiment USDCHF - Swiss Franc Expected to Rally Versus US Dollar USDCAD -...

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