Tag - jpy - japanese yen

Bullish Ichimoku Cloud with horizontal Senkou Span A and B; a cancelled golden cross of Tenkan-sen and Kijun-sen, the lines are horizontal.

CAD/JPY reversed from resistance zone Next sell target - 84…

The main intraday target is the next resistance at 113.53, which could be a starting point for a bearish correction...

Although yesterday the US dollar index closed at the low level comparing to the daily movement, today it has been moving up again.

On the daily chart of USD/JPY, there is the rally to 200% target of the AB=CD pattern.

On the daily chart of EUR/JPY, the pair keeps going up to 127.2% and 88.6% targets of “Perfect butterfly” and “Shark” patterns.  

We should keep an eye on the nearest support at 112.71 as a possible departure point for another bullish rally...

The situation in the economic world is unstable, however, the Japanese yen does not rise.

It's likely that after a short break the pair is going to achieve the next support level at 111.90...

The US dollar index has been trading below the psychological level of $94.50.

Expanding bullish Ichimoku Cloud with rising Senkou Span A; a golden cross of Tenkan-sen and Kijun-sen with rising Kijun-sen.

After a short break, the pair is likely going to test the nearest support at 111.90...