The Japanese yen has been a mixed bag since November when pairs like the EURJPY saw a gain of more than 1, pips. On Thursday of last week, we discussed the NZDUSD and how the recent rally was in jeopardy below 0. The bearish pin bar that formed yesterday […].

Over the weekend we looked at the GBPUSD and how prices have held below the 1. Buyers kicked off the new week with a 60 pip rally but quickly lost their grip […].

The AUDUSD has been in rally mode since coming off the 0. The pair has rallied pips and just last week took out the 0. However, since the June 14th high the pair has struggled to make […]. On Tuesday we looked at a rising wedge that had developed on the NZDUSD 4-hour chart.

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In fact, I even stated that a pullback of some sort was likely over the coming sessions. And while buyers managed to extend prices […]. The AUDJPY was in rally mode overnight, spiking above former trend line support for the fifth straight session.

Although the pair is still trading above the trend line at the time of […]. Since the May 5th low at 0.

However, a recent development on the 4-hour chart suggests that buyers are becoming fatigued. Over the weekend we dissected the AUDJPY. The ascending level broke down on May 31st and has held as resistance on a daily closing basis ever since. On Wednesday it looked as though EURUSD bulls would give back the 1. At one point the pair was down 73 pips from the open and 47 pips below the key level.

On June 1st we looked at the AUDJPY and its recent break of trend line support.

The level dates back to June of last year and was of assistance during the April 20th bounce less than two months ago. In that June 1st commentary, I admitted that I favor shorts below The relevance of […].

The AUDUSD just did something fairly unconventional in the world of technical analysis. Instead of testing a broken channel shortly after breaking out, the pair waited almost two weeks before doing so. Typically ambay forex pvt.

ltd see a retest […]. Another bout of risk-off sentiment has taken the USDJPY below key support at It did the same on May 18th, one […]. Whether or not this area […].

In mid-April, the EURJPY embarked on one of the more aggressive rallies within the last few paid surveys moneybookers. It took just 22 trading days for the pair to gain 1, pips.

But that may be coming to an end, at least temporarily. Since topping out at Justin Bennett is a Forex trader, coach and founder of Daily Price Action. He began trading equities and ETFs in and later transitioned to Forex in His "aha" moment came in when he discovered the simple yet profitable technical patterns he teaches today.

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EURUSD Gives Up 1. USDJPY Cracks Support at GBPUSD Rejected by Former Channel Support at 1. EURJPY Stalls Below Private Trading Community Login Sign up for a lifetime membership. NZDUSD Bearish Combination Hints at a Move Lower. Bearish Engulfing Day Exposes Downside Targets. AUDUSD Uptrend Intact but Cracks Are Beginning to Emerge.

Pullback Imminent as Exhaustion Pattern Emerges. AUDJPY 1-Hour Channel Offers Second Chance Opportunity. Copyright by Daily Price Action, LLC.