- Overnight Interest Rate Update 03.22.10 Mon, 22 Mar 2010 04:17 GMT
- Australian Vehicle Sales Fall for Second Month on Tax Break Expiry Mon, 22 Mar 2010 04:07 GMT
usd-jpy
Article
Previous Articles
Print
- Mar, 19 USDJPY: Prices Stall at Major Channel Top
- Mar, 12 USDJPY: Bulls Push Prices to Major Channel Top
- Mar, 05 USDJPY: Exit Short as Positioning Hints Gains Ahead
- Feb, 26 USDJPY: Remain Short as Sellers Regain Momentum
- Feb, 19 USDJPY: Prices Rise to Threaten Stop-Loss, Channel Top
- Feb, 12 USDJPY: Selling to Resume Following Test of 90.00 Level
- Feb, 05 USDJPY: Stay Short as Selling Pressure Intensifies
- Jan, 29 USDJPY: Remain Short as Bears Look for Momentum
- Jan, 24 USDJPY: Short Trade Taken as Prices Clear Support
- Jan, 22 USDJPY: Push to New Lows Threatened as Support Weakens
- Jan, 15 USDJPY: Deeper Losses Threatened as Prices Test Support
- Jan, 08 USDJPY: Stand Aside on Conflicted Technical Positioning
- Dec, 22 USDJPY: Bullish Correction Continues to Unfold
- Dec, 11 USDJPY: Bounce Looks Likely at Major Support Level
- Dec, 07 USDJPY: Volatility Continues as Prices Search for Direction
- Nov, 27 USDJPY: Japanese Yen Outperforms Against US Dollar
- Nov, 20 USDJPY: Prices Inch Lower to Challenge Major Double Bottom
- Nov, 13 USDJPY: Prices Prepare to Test Trend-Defining Support
- Oct, 30 USDJPY: Bullish Correction Continues to Play Out
- Oct, 16 US Dollar / Japanese Yen Bullish Correction Underway
USD/JPY
Strategy: Pending Short
The bottom line for USDJPY has been unchanged since we suggested a bullish correction was on the way two weeks ago seeing positive RSI divergence ahead of the major double bottom at 87.09. Last week, prices broke resistance at the top of a channel established from the August swing high and we will continue to look for prices to challenge support-turned-resistance at 92.09, looking for signs of bearish reversal near this juncture to enter short and trade with the firm down trend in place since 2007.
For streaming currency market news and analysis, please visit http://forexstream.dailyfx.com
To reach Ilya regarding this article or subscribe to his email distribution list, please contact him at ispivak@dailyfx.com
DailyFX provides forex news on the economic reports and political events that influence the currency market.
Learn currency trading with a free practice account and charts from FXCM.
Resources
