The general bearish slide in the yen to dollar pair continued yesterday as we move inexorably towards our initial target of 94 on the daily chart at which point we may consider the options for trading the pair once again. At present the USD/JPY pair...
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Dollar vs Yen – USD/JPY Daily Candle Chart 6th July 2009
Friday’s candle for the yen to dollar currency pair provided us with little in the way of trading signals ending the session as a narrow spread doji squeezed between the 9 and 14 day moving averages. The general tone for the dollar yen remains bearish...
Yen To Dollar – USD/JPY Daily Candle Chart 2nd July 2009
Yesterday’s candle on the yen to dollar daily chart merely confirmed what we already know, namely that it is impossible to predict the direction for the pair at this stage. The candle indicated a day of indecision with an upper wick, a narrow body which...
Yen To Dollar – USD vs Yen Daily Candle Chart 30th June 2009
The yen to dollar currency pair never fails to exasperate and bore in equal measures and yesterday’s candle came completely out of the blue ending the day as a wide spread up bar racing through the 9 day moving average while finding some resistance at...
Yen To Dollar – USD/JPY Trading Currency Daily Chart 29th June 2009
There is little I can add to the price action for the dollar yen pair that I have not said before, as the pair continue to slide lower in ever smaller incremental steps. This downward pressure was helped on Friday with a down bar which...
USD vs JPY – Dollar Yen Daily Currency Chart 26th June 2009
Yesterday’s candle on the yen to dollar chart added a decidedly bearish flavour to the sideways consolidation of the last few weeks which are increasingly showing a tendency to drift towards the downside, a view reinforced by yesterday’s high which found the 40 day moving...
Yen To Dollar – Daily Currency Chart 25th June 2009
The dollar yen pair continues to frustrate and generally annoy on the daily chart (which is always a bad sign for any trader) as the sideways consolidation and whipsaw show little sign of coming to an end. Yesterday’s FOMC statement provided little in the way...
Yen vs USD – Dollar Yen Daily Currency Chart 24th June 2009
I used to be a schizophrenic but now I’m in two minds would seem to describe the behaviour of the dollar yen at present with yesterday’s long legged doji characterizing yet another day of indecision, and a failure to follow through on the bearish sentiment...
USD vs JPY – Yen To Dollar Daily Chart 23rd June 2009
Yesterday’s wide spread down bar confirmed that in an otherwise messy picture, that the general bias for the yen to dollar pair is probably bearish and this may well be where we finally see a break below the 94 price point mentioned in several previous...
USD/JPY – Dollar Yen Daily Candle Chart 22nd June 2009
Very little change on the yen to dollar daily chart with Friday’s candle once again reinforcing the consolidation of the currency pair finishing the day in a narrow trading range and with shadows to both top and bottom. This currency pair remains one to avoid...
