USD/JPY – Updated Analysis

With the first data release for the dollar coming out negative this afternoon as well as the Consumer Confidence coming out negative, let us look at updated analysis on USD/JPY. On the 4-hour time frame we can see that price rejected off of the potential right shoulder area meaning the head and shoulder pattern isContinue reading “USD/JPY – Updated Analysis”

USD/JPY – Technical Outlook

USDJPY has recently closed above a major key level for the first time since the end of July. Below, I’ll do a top down analysis on this pair starting at the daily time frame. Looking at the chart above, we can see that we’ve recently closed above the major key level of 106.500. Looking atContinue reading “USD/JPY – Technical Outlook”