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20 Jan 2021

USD/JPY Price Analysis: Bulls take on critical resistance

  • USD/JPY bulls take charge on a break of structure. 
  • Bulls now face the next layer of resistance which guards the daily target.

Further to the prior analysis, USD/JPY Price Analysis: Bulls await a breakout of consolidation, DXY weighs, bulls have taken the reins and pushed the price over the line. 

Prior analysis

The prior analysis illustrated the critical resistance.

4-hour chart

Bulls will now need to overcome the resistance structure of the recent highs from which the position's stop-loss could be moved to breakeven. 

Jan 20, 2021

US Dollar Index Price Analysis: Teases immediate rising wedge confirmation

US dollar index (DXY) fades the bounce off 90.40 while taking rounds to 90.50 during Wednesday’s Asian session. The greenback gauge versus major curre
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Jan 20, 2021

EUR/USD Price Analysis: Looks north with falling wedge breakout on 4H

EUR/USD is trading close to 1.2140, representing marginal gains on the day. The 4-hour chart shows a falling wedge breakout on the 4-hour chart, a bul
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