As you can see the USD/JPY at the moment is in a clear uptrend. We are at a point now where we are about to pass through some important resistance levels which could be a big turning point for the pair. The first possible downtrend is due to the resistance level we saw appear twice last month which can be identified by the two down arrows on the left of the chart....
As you can see today was a strong trading day for the France 40. We saw 5 large consecutive green candles which actually broke out above the regression trend. I think at the moment we can sell this market down to that green line within the regression trend which is where you need to be cautious about another increase. One thing that was surprising was that massive...
At the moment I think we are nearing the peak of France 40's uptrend. As you can see by the ADX the trend is strong however we can look at the RSI and see that it is currently being overbought, this mixed with the fact that we are at a key point of resistance indicates to me that we are about to see a dive in the price. If we can push through this resistance level...
I think right now we have hit a dip in the market which provides a perfect opportunity. I think yesterday we were seeing the pair being massively overvalued due to a lot of buying volume which we saw in the RSI indicator which was peaking above 80. Over the last few house we have seen the RSI calm down and we have also seen a dip in the market. I said in my...
I think over the coming days we will see USD/JPY carry on pushing higher. As you can see by the chart it is at the top of trend regression and so we should see a small dip as the RSI calms down. The ADX is continuing to show a strong trend and we are just coming out the back of a tea cup pattern. You can see the technical analysis is also pointing towards a Strong...
