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Tag Archives: USDJPY

USDJPY chart 09 by Colonel Kink Forex Reporter

USDJPY report for swing/day trades #9

USDJPY caught between many support resistance but I see bullish cup-handle pattern. Price is zigzag between shadows drawn on 07 June.

EURUSD weekly chart 01 by Colonel Kink Forex Reporter

EURUSD, GBPUSD, USDJPY, AUDUSD report for swing/day trades #1

Colonel Kink Forex Reporter uses simple support resistance technique to analyse EURUSD, GBPUSD, USDJPY, AUDUSD for swing and day traders. Technique: attach horizontal line to each turning point or kink in weekly timeframe last 12 months. Tight clusters form a dark shadow that may be next turning point.

USDJPY 3M chart 1987 - present

6 out of 7 forecasts to get USDJPY wrong?

Out of 7 USDJPY forecasts compiled in the beginning of the year, 6 appear to be wrong. It is 11 months too early to tell but does not bode well. Price takes the path of least resistance – JPY charts suggest this ‘least resistance’ path is down.

USDJPY in a consolidation while DXY fell

Keep an eye on USDJPY

Should sentiment and price action turn in favour of USD strengthening, USDJPY could become the pair to go to.