Forex Analysis for USD/JPY

First, a review of last week’s events: EUR/USD. The dollar is slowly weakening, the pair moved above Pivot Point 1.1240 last week, but is still within the five-week channel 1.1170-1.1350. As expected by 25% of experts, the bulls made an attempt to reach the level of 1.1400, but their attack choked ....

Long-term review Minute operational scale (H4) Who will be happy with the number 13 - for the "bulls" or for the "bears"? Development options for the movement of #USDX vs EUR/USD & GBP/USD & USD/JPY (H4) on July 13, 2020.____________________ US dollar index From 13 July 2020, the movement ....

Relevance up to 19:00 UTC+2 The dollar/yen pair updated the lows of the current month during the Asian session on Friday, falling to the 106th figure. On the one hand, the pair is still trading in the flat band of 106.80-107.90, within which it has been since the beginning of June. On the other h....

10.07.2020EURUSD, “Euro vs US Dollar”After completing the ascending wave at 1.1370 and the descending structure towards 1.1300, EURUSD has formed the consolidation range around the latter level and broken it to the downside. Possibly, the pair may form a new descending structure to reach 1.1250 and ...

Relevance up to 07:00 2020-07-12 UTC+2 On the 4-hour chart, the USD/ JPY pair is now trying to reach the 106.81 level as its first target. If the bullish momentum is strong enough, there is a possiblility that USD/JPY will continue its downward movement and reach the 106.09 level too as its second....

Relevance up to 05:00 2020-07-11 UTC+2 USD/JPY The US stock market fell by 0.56% (S&P 500) on Thursday, the yen followed it, losing five points. Investors were probably not quite ready for the stock market to slip, so the decline in the yen is moderate on the internal desire of investors to ....

09.07.2020USDJPY is moving upwards on Thursday afternoon but market players trust in the “safe haven” Yen.The Japanese Yen is falling a little bit against the USD on Thursday. the current quote for the instrument is 107.32.The statistics published by Japan in the morning showed that the Core Machine...

Relevance up to 10:00 2020-07-10 UTC+2 EUR/USD Analysis: The direction of the price movement of the European currency since the beginning of June is set by a flat corrective wave. To date, its structure has not been completed. The price is close to the upper limit of the price range formed last mo....

Relevance up to 11:00 UTC+2 Today we take a look at GBPJPY and see how we are going to play the bounce!We use Fibonacci retracements, extensions, support/resistance, momentum and trend lines to identify trading opportunities in this exciting pair today. *The market analysis posted here is mea....

Relevance up to 10:00 2020-07-10 UTC+2 Today we take a look at GBPJPY and see how we are going to play the bounce!We use Fibonacci retracements, extensions, support/resistance, momentum and trend lines to identify trading opportunities in this exciting pair today. *The market analysis posted ....

Relevance up to 09:00 2020-07-10 UTC+2 Trading RecommendationEntry: 1.3523Reason for Entry: Horizontal overlap resistanceTake Profit :1.3437Reason for Take Profit: 61.8 fib extensionStop Loss:1.3559Reason for Stop loss: Horizontal swing high resistance *The market analysis posted here is meant to ....

Relevance up to 09:00 2020-07-10 UTC+2 Trading RecommendationEntry: 107.330Reason for Entry: 23.6% fibonacci retracement and horizontal overlap supportTake Profit: 106.947Reason for Take Profit: Horizontal swing low supportStop Loss: 107.503Reason for Take Profit: Horizontal pullback resistance, 5....

09.07.2020EURUSD, “Euro vs. US Dollar”As we can see in the H4 chart, the pair has started forming a new ascending channel. Right now, EURUSD is reversing after forming a Hammer pattern. Considering the current bullish dynamics, the price may finish the correction and then resume trading upwards to r...

09.07.2020EURUSD, “Euro vs US Dollar”After breaking 1.1300 to the upside, EURUSD may continue growing towards 1.1380. Later, the market may correct to reach 1.1280 and then resume trading inside the uptrend with the target at 1.1410.GBPUSD, “Great Britain Pound vs US Dollar”After breaking 1.2525 and...

Relevance up to 04:00 2020-07-10 UTC+2 USD/JPY The volatile nature of the stock market pushed the USD/JPY pair by 25 points on Wednesday. The price is back under the balance indicator line on the daily chart. The US market still closed in the same territory; S&P 500 0.78%, Russell 2000 0.41%....

Long-term review Operational scale is Minute (4-hour timeframe)Battle of EUR versus USD. Scenarios of further moves of #USDX and EUR/USD according to the 4-hour chart from July 09, 2020US Dollar Index Starting from July 09, 2020, the odds are that the US dollar index will carry on trading in the e....

Relevance up to 08:00 2020-07-10 UTC+2 The increase in reports of rising new cases of coronavirus infection casts doubt on the near recovery of the global economy to the start of the year levels and increases overall uncertainty. As a result, the stock indices of most countries went into the "red"....

Relevance up to 19:00 UTC+2 The dollar/yen pair continues to trade within the 107th figure, where it has been since the end of June. The Japanese currency ignores its own fundamental factors and poorly reacts to the external fundamental background, while the greenback demonstrates a passive posit....

08.07.2020USDJPY, “US Dollar vs. Japanese Yen”As we can see in the H4 chart, USDJPY is consolidating between 3/8 and 5/8. In this case, the price is expected to break 3/8 and continue falling towards the support at 1/8. However, this scenario may no longer be valid if the price breaks 4/8 to the ups...

08.07.2020EURUSD, “Euro vs US Dollar”After breaking 1.1300 to the downside and starting a new correction towards 1.1250, EURUSD has reached the short-term correctional target at 1.1260 and returned to test 1.1300 from below. Possibly, today the pair may form a new descending structure to reach 1.125...

Relevance up to 04:00 2020-07-09 UTC+2 USD/JPY Our comment from yesterday about how it is difficult for the USD/JPY pair to grow due to significant technical resistance was realized as the price re-tested the target level of 107.77 and a quick subsequent pullback from it. But the daily candle re....

Relevance up to 10:00 2020-07-08 UTC+2 Today we take a look at CADJPY and see how we are going to play the bounce!We use Fibonacci retracements, extensions, support/resistance, momentum and trend lines to identify trading opportunities in this exciting pair today *The market analysis posted h....

07.07.2020EURUSD, “Euro vs US Dollar”As we can see in the daily chart, EURUSD is consolidating not far from the long-term 38.2% fibo. Possibly, the pair may break this consolidation range to the upside and start a new ascending impulse. After breaking the fractal high at 1.1495, the instrument may r...

Relevance up to 08:00 2020-07-08 UTC+2 EUR/USD Analysis: In the European currency market, an upward wave of the daily scale has been forming since March. The last unfinished section started on June 5. This is a flat correction. The wave structure is not complete today. The price is at the lower bo....

07.07.2020EURUSD, “Euro vs US Dollar”After breaking 1.1300, EURUSD is consolidating above it. If later the price breaks this range to the downside, the market may start a new correction towards 1.1250; if to the upside – resume trading inside the uptrend with the short-term target at 1.1380.GBPUSD, ...

Relevance up to 07:00 2020-07-08 UTC+2 Trading RecommendationEntry: 107.674Reason for Entry: Horizontal overlap resistance and 50% fibonacci retracementTake Profit: 106.830Reason for Take Profit: Horizontal swing low support, 78.6% fibonacci retracementStop Loss: 108.080Reason for Take Profit: Hor....

Relevance up to 04:00 2020-07-08 UTC+2 USD/JPY The USD/JPY pair tested the resistance of 107.77 and retreated on the first day of the week, eventually closing the day by losing 17 points. The price never left the body of the candle above the balance indicator line on the daily chart, staying und....

Relevance up to 04:00 2020-07-08 UTC+2 Trading RecommendationEntry: 1.3528Reason for Entry: 61% fib extension Take Profit :1.3576Reason for Take Profit: The horizontal swing high resistanceStop Loss:1.3486Reason for Stop loss: Horizontal swing low support *The market analysis posted here is meant ....

Relevance up to 10:00 2020-07-07 UTC+2 Today we take a look at NZDCHF and see how we are going to play the bounce!We use Fibonacci retracements, extensions, support/resistance, momentum and trend lines to identify trading opportunities in this exciting pair today *The market analysis posted h....

Relevance up to 09:00 2020-07-07 UTC+2 Trading RecommendationEntry: 107.738Reason for Entry: Horizontal swing high resistance, 61.8%, 78.6% fibonacci extension and 50% fibonacci retracementTake Profit: 107.330Reason for Take Profit: Horizontal overlap support, 61.8% fibonacci retracementStop Loss:....