USDJPY back into ascending channel zone | 18th May 2017

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USDJPY technical analysis: Back into the daily ascending channel |18th May 2017 First critical Resistance: 111.48 (Channel resistance) Second critical Resistance: 115.42 (High of 10th March 2017) First critical Support: 107.96 Second Critical Support: 105.40 Overall Sentiment: Bearish∇ The USDJPY pair rallied higher and broker the channel resistance level but ultimately failed to keep its Read More

AUDUSD technical analysis | 8th may

AUDUSD pair testing 61.8% retracement level | 8th May 2017

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AUDUSD technical analysis: Testing 61.8% retracement level | 8th May 2017 First critical Resistance: 0.7520 Second critical Resistance: 0.7451 First critical Support: 0.7380 Second Critical Support: 0.7390 Overall Sentiment: Bullish Δ The AUDUSD pair sharply dropped in the global market after hitting the long term bearish trend line resistance level at 0.7746.We took short entry at Read More

latest usdjpy technical analysis

Possible breakout of channel resistance in USDJPY pair | 4th May 2017

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USDJPY technical analysis: Possible breakout of channel resistance |4th May 2017 First critical Resistance: 112.70 (Channel resistance) Second critical Resistance: 115.42 (High of 10th March 2017) First critical Support: 108.23 Second Critical Support: 105.40 Overall Sentiment: Bullish Δ The USDJPY pair rallied higher towards the channel resistance level and we have booked 75 percent of our Read More

Technical analysis

EURJPY hitting trendline resistance level | 27th April 2017

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EURJPY technical analysis: Short entry triggered | 27th April 2017 First critical Resistance: 122.06 (Trend line resistance) Second critical Resistance: 124.07 (High of 14th December 2016) First critical Support: 117.80 Second Critical Support: 114.85 Overall Sentiment: Bearish ∇ The EURJPY pair formed a nice bearish pin bar after hitting the bearish trend line resistance level Read More

USDJPY hitting channel support

USDJPY bounce off from channel support level | 23rd April 2017

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USDJPY technical analysis: Possible bullish move | 23rd April 2017 First critical Resistance: 110.06 Second critical Resistance: 112.20 (Channel resistance) First critical Support: 108.10 Second Critical Support: 107.40 Overall Sentiment: Bullish Δ The USD JPY pair sharply fallen in the descending channel support zone and after hitting the critical channel support level at 108.10 the pair Read More