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If a M15 close above 76.90 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 76.10 sell only and do not buy. If price closes back above it again do nothing
The range 76.90 and 76.10 is neutral area, any trade done in between is personal decision and not part of this analysis
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as we can see on the chart , the pair is trading under the level of 77.00 , any way if the pair succeeded in breaking 77.00 , it will continue in it's up movements heading to 77.30 and then 77.50
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With so much global uncertainty buffeting markets at the moment, we have yet to see a definitive move out of the safe-haven yen, which appears stuck in a trading range of 76 to 78
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the chart is showing that the pair has closed it's daily candle under the level of 77.00 , and that's mean that the down trend is still standing and the pair might reach 76.50 and then 76.20
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I think this pair will try to reach 77.15 again to make like a re-test for this resistance . we can buy from now and 77.15 our target .
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If a M15 close above 77 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 76 sell only and do not buy. If price closes back above it again do nothing
The range 77 and 76 is neutral area, any trade done in between is personal decision and not part of this analysis
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The USD/JPY bottomed at 76.52, the lowest price in two days immediately after the release of the NPF in the US. The Dollar found support and recovered from there, trimmed losses and rose back to 76.80/85
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If a M15 close above 77.20 buy only and do not sell. If price closes back below it again do nothing.
If a M15 close below 76.55 sell only and do not buy. If price closes back above it again do nothing
The range 77.20 and 76.55 is neutral area, any trade done in between is personal decision and not part of this analysis
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USD/JPY dips sharply in early US session but is still holding above 76.41 minor support. Intraday bias remains neutral. Below 76.41 will indicate that recovery from 75.94 has finished and turn bias back to the downside for this support first
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Although the greenback did rebound after finding support at 76.47 last week to as high as 77.70, failure to extend such bounce and Friday’s retreat suggest further consolidation would take place