Forex Trading Technical Analysis (2011/10/26) USD/JPY Hits New All-Time Low Within Bearish Trend Channel
(Please click on the forex chart thumbnail to enlarge) 10/26/2011 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (daily chart) as of Wednesday (10/26/2011) has hit yet a new all-time low below 76.00, reaching down to 75.70 in Wednesday’s trading. This bearish price action conforms to a bearish trend channel that extends back to the early [...]
Forex Trading Analysis (2011/09/26) USD/JPY Poised for Correction
(Please click on the forex chart thumbnail to enlarge) 9/26/2011 Forex Trading Analysis (FXpath.com) – Long term bets on U.S. dollar against the Japanese yen learned a valuable lesson after the close of U.S. trading session on March 16th, 2011. A historic 25-minute stop run which occurred after 5:00 p.m. EST had the U.S. dollar [...]
Forex Trading Technical Analysis (2011/08/08) USD/JPY Drops Further, Continued Intervention Consideration
(Please click on the forex chart thumbnail to enlarge) 8/08/2011 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (4-hour chart) as of Monday (8/08/2011) has continued its steady, yen-strengthening fall after spiking late last week to a high of 80.22 on the heels of intervention by the Bank of Japan. This yen re-strengthening after the central [...]
Forex Trading Technical Analysis (2011/08/04) USD/JPY Spikes then Pulls Back on Intervention
(Please click on the forex chart thumbnail to enlarge) 8/04/2011 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (4-hour chart) as of Thursday (8/04/2011) jumped more than three big figures to poke above the key 80.00 psychological level on the heels of BOJ intervention, before pulling back and settling around the 79.00 price region. This rather [...]
Forex Trading Technical Analysis (2011/07/14) USD/JPY Consolidates During Bearish Onslaught
(Please click on the forex chart thumbnail to enlarge) 7/14/2011 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (4-hour chart) as of Thursday (7/14/2011) has entered into a consolidation after having broken down decisively below the key 79.50 previous support region (now resistance). The breakdown below 79.50, which was the region of the significant May low, [...]
Forex Trading Technical Analysis (2011/07/11) USD/JPY Breaks Down Rising Channel
(Please click on the forex chart thumbnail to enlarge) 7/11/2011 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (4-hour chart) as of Monday (7/11/2011) has broken down decisively below a rising channel that extends back to the early June low. This breakdown occurs after the bottom border of the channel was respected at the very end [...]
Forex Trading Technical Analysis (2011/07/08) USD/JPY Drop Traverses Bullish Channel
(Please click on the forex chart thumbnail to enlarge) 7/08/2011 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (4-hour chart) as of Friday (7/08/2011) has been moving in a general consolidation framed by a slightly bullish channel. On the heels of the Non-Farm Payrolls report, price action dropped from the very top of this channel down [...]
Forex Trading Technical Analysis (2011/06/27) USD/JPY Pushes to the Upside
(Please click on the forex chart thumbnail to enlarge) 6/27/2011 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (4-hour chart) as of Monday (6/27/2011) has broken out of a symmetrical triangle consolidation pattern extending back to the end-of-May high, which resides within a larger consolidation that has been in place for the last two months. The [...]
Forex Trading Technical Analysis (2011/04/05) USD/JPY Continues Upside Trend Momentum
(Please click on the forex chart thumbnail to enlarge) 4/05/2011 Forex Trading Technical Analysis (FXpath.com) - USD/JPY (a daily chart of which is shown) as of Tuesday (4/05/2011) has risen above the key 84.50 price region once again after a slight pullback on Monday. This occurs within the context of more than two weeks of bullishness that followed on the [...]
Forex Trading Technical Analysis (2011/3/15) USD/JPY Triangle Breakdown to Approach Extreme Lows
(Please click on the forex chart thumbnail to enlarge) 3/14/2011 Forex Trading Technical Analysis (FXpath.com) – USD/JPY (a daily chart of which is shown) as of Tuesday (3/15/2011) has dropped substantially to breakdown decisively below a triangle consolidation pattern that has been in place since the 80.20 area low, which represents the 15-year low that [...]
