http://www.fxtimes.com Get your daily dose of Forex news from the expert analysts at FXTimes. Visitors will have access to the Forex Capsule, our interactive economic calendar, our video recaps, and up-to-date fundamental news releases and technical analysis commentaries. Tue, 07 Feb 2012 08:00:41 +0000 en hourly 1 http://wordpress.org/?v=3.1 http://www.fxtimes.com/technical-updates/mixed-reactions-in-the-us-dollar-to-the-non-farm-payroll/ http://www.fxtimes.com/technical-updates/mixed-reactions-in-the-us-dollar-to-the-non-farm-payroll/#comments Fri, 03 Feb 2012 15:38:47 +0000 Fan Yang http://www.fxtimes.com/?p=66070 http://www.fxtimes.com/technical-updates/mixed-reactions-in-the-us-dollar-to-the-non-farm-payroll/feed/ 0 Anytime we get above forecast and above 200K employment change and decline in unemployment, we get welcoming sign for the US economy. Risk appetite usually leads to pressure for the USD. Indeed we saw that against the commodity currencies like USD/CAD, AUD/USD and NZD/USD where dollar weakness was apparent...However, we have a different reaction in EUR/USD, GBP/USD, USD/CHF, and USD/JPY... http://www.fxtimes.com/technical-updates/usdjpy-going-into-paint-dry-mode-as-it-trades-at-76-00-handle/ http://www.fxtimes.com/technical-updates/usdjpy-going-into-paint-dry-mode-as-it-trades-at-76-00-handle/#comments Wed, 01 Feb 2012 17:23:55 +0000 Fan Yang http://www.fxtimes.com/?p=65900 http://www.fxtimes.com/technical-updates/usdjpy-going-into-paint-dry-mode-as-it-trades-at-76-00-handle/feed/ 0 76.00 is a psychological support for USD/JPY, while the 75.55 level is the record low. The market has been bearish since being rejected sharply at 78.25 as can be seen in the 4H chart. After breaking below a range support at 76.55, the market continued sharply lower until it got near 76.00. The USD/JPY here is oversold according to the RSI in the 4H chart and price action has started to decelerate... http://www.fxtimes.com/technical-updates/the-%e2%80%9cusd-jpy%e2%80%9d-pair-has-been-range-bound-but-change-may-be-imminent/ http://www.fxtimes.com/technical-updates/the-%e2%80%9cusd-jpy%e2%80%9d-pair-has-been-range-bound-but-change-may-be-imminent/#comments Mon, 30 Jan 2012 00:55:01 +0000 Tom Cleveland http://www.fxtimes.com/?p=65570 http://www.fxtimes.com/technical-updates/the-%e2%80%9cusd-jpy%e2%80%9d-pair-has-been-range-bound-but-change-may-be-imminent/feed/ 0 The “USD JPY” currency pair has often been a favorite among traders. Stability and predictability have been the hallmarks of this pair, with trading volumes tracking in second place, right behind the Euro and Dollar combination. The Yen has remained remarkably strong following the major earthquake from last March, due primarily to a massive repatriation of assets back to the homeland... http://www.fxtimes.com/technical-updates/usdjpy-trading-near-76-55-range-support-to-end-week/ http://www.fxtimes.com/technical-updates/usdjpy-trading-near-76-55-range-support-to-end-week/#comments Fri, 27 Jan 2012 19:27:28 +0000 Fan Yang http://www.fxtimes.com/?p=65502 http://www.fxtimes.com/technical-updates/usdjpy-trading-near-76-55-range-support-to-end-week/feed/ 0 For the USD/JPY it has been a rollercoaster of a week as it surged toward range resistance at 78.25 only to fail and fall back sharply now back to range support near 76.55. The daily chart shows the strength of price action to the downside. To start next week, if we don't slow down and decline in volatility, the USD/JPY has further downside risk toward 76.00, and maybe even lower toward the record low of 75.55... http://www.fxtimes.com/technical-updates/usdjpy-can-maintain-bullish-bias-with-hold-above-77-20/ http://www.fxtimes.com/technical-updates/usdjpy-can-maintain-bullish-bias-with-hold-above-77-20/#comments Thu, 26 Jan 2012 19:00:18 +0000 Fan Yang http://www.fxtimes.com/?p=65357 http://www.fxtimes.com/technical-updates/usdjpy-can-maintain-bullish-bias-with-hold-above-77-20/feed/ 0 The USD/JPY was unable to push above 78.25 after the FOMC meeting on the 1/25 US trading session. The 4H chart shows a sharp rejection, which has followed through and is now trading near the central pivot of the range. This is not exactly the middle of the range (a bit lower), but is a common pivot, here just above 77.30... http://www.fxtimes.com/technical-updates/usdjpy-breaks-range-to-upside-with-strong-bullish-candles/ http://www.fxtimes.com/technical-updates/usdjpy-breaks-range-to-upside-with-strong-bullish-candles/#comments Tue, 24 Jan 2012 13:36:24 +0000 Fan Yang http://www.fxtimes.com/?p=65070 http://www.fxtimes.com/technical-updates/usdjpy-breaks-range-to-upside-with-strong-bullish-candles/feed/ 1 Last week, the USD/JPY failed to break above 77.32 range resistance and fell to about 61.8% retracement before finding support. The RSI was held above 50 and shows a possible bullish momentum development then. After starting the week quietly, the market rallied sharply during the 1/24 Asian-European session and broke the 77.32 range resistance heading into the US session... http://www.fxtimes.com/technical-updates/usdjpy-attempting-to-rise-above-the-bottom-half-of-range/ http://www.fxtimes.com/technical-updates/usdjpy-attempting-to-rise-above-the-bottom-half-of-range/#comments Fri, 20 Jan 2012 15:20:33 +0000 Fan Yang http://www.fxtimes.com/?p=64690 http://www.fxtimes.com/technical-updates/usdjpy-attempting-to-rise-above-the-bottom-half-of-range/feed/ 0 Looking at the daily chart, USD/JPY has been trading in a range. Resistance has been at 78.25 and support at 76.55. A central pivot (though not exactly at the half-way point), could be seen at at about 77.33. Te daily chart shows that the market has been trading in the bottom half of the range since the start of the year. The market has respected the 76.55... http://www.fxtimes.com/technical-updates/usdjpy-maintains-bearish-pressure-after-failure-to-break-78-25/ http://www.fxtimes.com/technical-updates/usdjpy-maintains-bearish-pressure-after-failure-to-break-78-25/#comments Fri, 30 Dec 2011 14:38:28 +0000 Fan Yang http://www.fxtimes.com/?p=63271 http://www.fxtimes.com/technical-updates/usdjpy-maintains-bearish-pressure-after-failure-to-break-78-25/feed/ 1 After failing to break above 78.25, USD/JPY invalidated the bullish outlook and remains pressured heading into 2012. The 4H chart shows re-establishment of bearish momentum and price falling further from the 200 4H simple moving average as well as a broken rising support. There is an immediate support pivot near 77.10, the December low. The consolidation low, established in November is near 76.56... http://www.fxtimes.com/technical-updates/usdjpy-still-edging-its-way-toward-78-80-swing-projection/ http://www.fxtimes.com/technical-updates/usdjpy-still-edging-its-way-toward-78-80-swing-projection/#comments Fri, 23 Dec 2011 15:31:14 +0000 Fan Yang http://www.fxtimes.com/?p=62894 http://www.fxtimes.com/technical-updates/usdjpy-still-edging-its-way-toward-78-80-swing-projection/feed/ 2 Watching the USD/JPY move is like watching paint dry with a snail race as a distraction. Nonetheless the 1H chart shows the market with bullish momentum as the RSI kissed 70 and since remained above 40. A break back above 60 now reflects maintenance and revival of bullish momentum in the short-term. Not only is price action trading above the 200 hour simple moving average... http://www.fxtimes.com/technical-updates/usdjpy-breaks-above-consolidation-pattern-swing-projection-targets-78-80/ http://www.fxtimes.com/technical-updates/usdjpy-breaks-above-consolidation-pattern-swing-projection-targets-78-80/#comments Wed, 14 Dec 2011 12:22:03 +0000 Fan Yang http://www.fxtimes.com/?p=62052 http://www.fxtimes.com/technical-updates/usdjpy-breaks-above-consolidation-pattern-swing-projection-targets-78-80/feed/ 0 The USD/JPY has been recently looking like a market that wants to finally build a bottom. The 4H chart shows a market that is trading above the 200 period simple moving average and is attempting to continue to the upside after breaking above a consolidation pattern. The RSI reading breaking back above 60, and preferably 70 can help confirm the momentum to this rally attempt...