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usd-jpy
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- 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, 13 USDJPY: Prices Prepare to Test Trend-Defining Support
- Oct, 30 USDJPY: Bullish Correction Continues to Play Out
- Oct, 23 Dollar / Yen Bullish Correction Continues, Sell Entry Ahead
- Oct, 16 US Dollar / Japanese Yen Bullish Correction Underway
USD/JPY
Strategy: Flat
Last week, we noted that the presence of a large Bearish Engulfing candlestick pattern suggested downward USDJPY momentum was ready to resume. Indeed, prices have slid lower and now face a formidable support in the 87.09-88.23 area. We will continued to observe from the sidelines for now as prices resolve this pivotal juncture. A break lower would open the door for rapid bearish acceleration below the 80.00 mark.
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