CAD/JPY Bulls Waiting For Pullback After Triangle Breakout
CADJPY has delivered a decisive breakout above its descending triangle resistance, signaling that a bullish reversal could be gaining momentum.
Posts Tagged: BoJ
USD/JPY Gaining Traction in Pullback After BOJ Statement
USDJPY appears to be making a significant recovery after hitting a low of 139.858 in April. The pair has staged a bullish breakout above the 38.2% Fibonacci retracement level at 144.246, currently trading at 143.850.
CHF/JPY Triangle Breakout Due, Awaiting Directional Clues
CHFJPY has formed a symmetrical triangle pattern on the hourly chart, with price currently testing the lower boundary around the 172.900 level. This consolidation pattern suggests that a significant breakout could be imminent.
NZD/JPY Symmetrical Triangle Consolidation Pattern
NZDJPY has formed higher lows and lower highs inside a symmetrical triangle that’s been holding for a week already. Price looks ready for a test of support, possibly still deciding whether to bounce or break lower.
USD/JPY Bearish Pullback Zones
USDJPY has been cruising lower in the past few days, but it looks like support around the 142.00 handle is holding. A pullback to nearby…
NZD/JPY Downtrend Pullback Levels
NZDJPY has been trending lower for the most part of July, with the latest highs connected by a descending trend line. Price looks ready for…
USD/JPY Long-Term Pullback Ahead of BOJ & FOMC
USDJPY is stalling on its recently drop, as price is forming reversal candlesticks around an area of interest visible on its daily time frame. Price…
USDJPY Longer-Term Bullish Correction Levels
USDJPY may be in the middle of a correction on its longer-term climb, as the pair is retreating from the 162.00 handle and inching close…