$USDJPY Day: March 2011 – It is a wild month indeed for the pair – The impact of the deadly 9.0 magnitude earthquake and the fears of a horrific nuclear catastrophe sent the pair to fall through the symmetrical triangle (black) and drop like a rock to
Read more →$USDJPY Day: In the daily chart, we see that $USDJPY is still unable to break out of this strong symmetrical triangle going into the second week of March 2011. It is still ranging between the Fib-R 23.6% & Fib-R 50% retracement from the September 2010 downflow. As
Read more →$USDJPY Wk48-Recap After a rise of ~150pips in Wk47, $USDJPY traded between 83.46 and 84.39 throughout most of Wk48, and on friday (Wk47), it made a sharp drop of ~120pips ; closing around the S1 support level at 82.84. In mid-Wk48, $USDJPY formed a Double-Top formation. Upon it’s neckline
Read more →Bank of Japen Monetary Policy Meeting Announcments can be found here.
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