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USDJPY
USDJPY Biased to the Downside
The descending channel starting January 3rd, 2017 suggests that the 106 round support is a critical intercession level of the center channel trendline and price.
For USDJPY to reach out to the said level, bears need a successful break of… Read More
USDJPY: Triangle or Zigzag?
The current USDJPY structure suggests that we have a triangle pattern. For now, it is moving higher towards wave e which is the last corrective move of the cycle degree pattern.
As part of a triangle, wave e is a corrective zigzag and… Read More
USDJPY Feels the Dollar March
The yen returned to its safe-haven status when the stocks around the world dropped substantially.
As seen on the daily chart above, prices have tested two trendline lows and currently, we are on a bounce. The recovery was initiated on… Read More
USDJPY: Bearish Impulse Could Be Completed Near 105.88
The current USDJPY structure points at a wave e cycle-degree triangle pattern that hints at a standard zigzag consisting of primary waves Ⓐ-Ⓑ-Ⓒ.
The bearish move from the last swing high has taken a 5-wave structure, hence, we see it as… Read More
All Points to Stronger Dollar!
Dollar continues attracting investors as no other option seems to be offering a good payoff. Euro and yen are weakening on poor macros, whereas pound, despite the UK printing better numbers than the EU and Japan, is hanging on Brexit. With… Read More
USDJPY: 110.94 Could Complete Primary Impulse Ⓒ
The current USDJPY structure hints at a cycle degree bullish zigzag y consisting of primary waves Ⓐ-Ⓑ-Ⓒ.
Sub-waves Ⓐ and Ⓑ are fully completed, wave Ⓒ , however, is still under development. Wave Ⓒ consists of intermediate waves… Read More
USDJPY: Primary Correction Looks Completed
There is a projected pattern on the USDJPY structure above that suggests further upside after the successful completion of primary wave ②. It assumes that January’s low at 107.65 ended with cycle wave b, which hints to 5-wave bullish move… Read More
Risk Appetite Increases
The US Treasury Department lifted the “Currency Manipulator” tag on China, allowing risk appetite to increase further a day before the widely anticipated #tradedeal. Dollar-yen and Aussie-dollar rose on the back of the news, however, the… Read More